Chapter VIA Limits in Webpay

 As entered in Webpay (Apr 24 2012)

S.No.	Section Description	Limit
1.	Section 80C	100000
2.	Section 80D: Premium Paid on Medical policy of self, spouse, children is exempt up to Rs.15,000 and an additional benefit of Rs.15,000 in case of dependent parents are not Senior Citizens and Rs 20,000 in case of dependent parents are Senior Citizens	35000
3.	Section 80DD: Expenditure incurred on medical treatment and maintenance of spouse, children, parents, brothers and sisters of the individual is deductible up to a fixed amount of Rs. 50,000. For person with severe disability over specified 80 % the limit is Rs. 100,000. Please submit the photocopy of certificate issued by the competent medical authority in a Government Hospital with the form 10i and detail of amount spent on treatment or training.	100000
4.	Section 80DDA: Handicap Dependent	100000
5.	Section 80DDB: Expenditure incurred on medical treatment (specified disease or ailment as prescribed by the board) of self, spouse, children, parents, brothers and sisters is deductible up to Rs. 40,000 and for senior citizen the limit is Rs. 60,000. Please submit the photocopy of certificate issued by the competent medical authority with form 10i	60000
6.	Section 80E: Payment of Interest On Loan Taken For Higher Education	No Limit
7.	Section 80G: Deduction In Respect Of Donations To Certain Funds, Charitable Institutions, Etc	No Limit
8.	Section 80TTA: Interest on Savings Bank Account is exempted up to Rs.10,000 per year	10000
9.	Section 80U: An individual suffering from not less than 40% of disability can claim fixed deduction of Rs. 50,000 - Rs. 100,000 for persons with severe disability of over 80%. A certificate from specified medical authority has to be given to claim the benefit with form 10i	100000

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