By critic777 on February 01, 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