Income Tax

Income Tax Exemptions and Limits For Salaried Employees 2016-2017

Here, we will list all income tax exemptions with their limits for salaried employees for the year 2016-1017. All amounts are in Rupees.

 

80C - 1,50,000

Includes Home loan principal, PF contributions, PPF etc.

 

Section 24 - 2,00,000

Includes Interest on Home Loan.

 

Section 80EE - 50,000

Includes Income Tax Benefit on Interest on Home Loan (First Time Buyers)

 

80 G - No limit

Donations.

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