Please find complete list on tax saving instruments with dependents eligibility criteria.you can find whether investment made in the name of father,wife,mother,father and children used for your tax saving option with their respective limit.
| SECTION | Chapter VI A | Dependents Eligible for Tax Benefit |
| 80D | Medical Insurance | Self, Spouse, Children & Parents |
| In case of Individual, Spouse & Children =15,000 | ||
| In case of parents below 65 years = Additional benefit of 15,000 | ||
| In case of parents below 65 years = Additional benefit of 20,000 | ||
| 80DD | Medical Treatment for Handicapped Dependent | Self, Spouse, Children, Parents, Dependant Brothers & Sisters |
| If disability <=80% then Rs.50,000 | ||
| If disability > 80% then Rs.1 Lakh | ||
| 80E | Interest on Education Loan | Self, Spouse & Children |
| No capping | ||
| 80U | Permanent Physical Disability including Blindness | Self |
| If disability <=80% then Rs.50,000 | ||
| If disability > 80% then Rs.1 Lakh | ||
| SECTION | 80C/80CCE/80CCF | Dependents Eligible for Tax Benefit |
| 80CCC | Pension Policy - 80CCC | Self, Spouse & Children |
| 80CCF | Long-Term Infrastructure Bonds | Self |
| Maximum investment allowed Rs 20,000 over and above 80C limit of 1 Lakh | ||
| 80C | Provident Fund – PF | Self |
| 80C | Voluntary Provident Fund – VPF | Self |
| 80C | Life Insurance – LIC | Self, Spouse & Children |
| 80C | Public Provident Fund – PPF | Self, Spouse & Children |
| Total maximum contribution allowed is Rs.70,000 | ||
| 80C | National Savings Certificate – NSC | Self |
| Interest will be taxable income | ||
| 80C | Infrastructure Bonds – IBOND | Self |
| 80C | Tution Fees – TF | Self |
| 80C | Mutual Fund – MF | Self |
| 80C | Equity Linked Savings Scheme – ELSS | Self |
| 80C | Unit Linked Insurance Plan – ULIP | Self, Spouse & Children |
| 80C | 5-Yr bank fixed deposits (FDs) | Self |
| 80C | Senior Citizen Savings Scheme 2004 (SCSS) | Self |
| 80C | 5-Yr post office time deposit (POTD) scheme | Self |
| 80C | Interest on NSC | Self |
| 80C | Stamp Duty & Registration Charges | Self |
| 80C | Home Loan Principal Repayment | Self |
| SECTION | Housing Loan Details | Dependents Eligible for Tax Benefit |
| 24 | Self Occupied Property | Self |
| 24 | Let Out Property | Self |
Thanks for detailed description on the vital topic. I do believe to avail Tax deduction from total income as allowable in Income Tax Act, investment u/s 80c is a pivot investment avenues &/or contributions.
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