03 February 2013
how much maximum deduction available in chapter vi? if i got deduction rs.100000/ under 80c.can i claim more deduction of rs 15000/- under 80D and also in 80CCD(2) for rs.10000 i.e.10% of my salary. i also calculte exemption under 80G rs.5000/- i also take higher education loan for my daughter interest is rs.45000/- so i claim deduction under 80E (i full fill all critaria) so can i claim total deduction in chapter vi rs.175000/-
04 February 2013
You can't deduction u/s80CCD because of the maximum limit under sections 80C,80CCC & 80CCD aggregate deduction allowable is Rs.100000 only. So you reached it at section 80C. in addition to 80C,80CCC & 80CCD deduction you can claim deduction under section 80D,80G,80GG,80E etc.... upto the maximum limit prescribed under such section(s).
So your eligibility for chapter VIA deductions is as follows:
1)U/S80C Rs.100000/- 2)U/s80D Rs.15000/- 3)U/s80CCD(2) Rs.10000/- Not eligible because maximum limit aggregate of sec 80C,80D & 80CCD is Rs.100000/- you already reached/ 4)U/s 80G Rs.5000/- if it is permitted to as per section 80G(i.e assumed you eligible to claim 80G deduction and with in the limit of eligibility) 5)u/s80E Rs.45000/- you said you eligible for such deduction.
So your total deduction under chapter VIA is Rs.165000/-
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