3. Section 80DDB: Deductions are available on the expenses on medical treatment of specified ailments like AIDS, cancer and neurological diseases which can be claimed under Section 80DDB. The limit of maximum amount deduction allowed from gross total income is limited up to 40,000 and it  can go up to 60,000 if the age of the person treated is 60 years or more. But the condition applied is that, no medical reimbursement should be received from any insurance company or employer for this amount. To claim this deduction, the only thing you have to do is to submit Form 10-1 from a specialist doctor working in a government hospital in India, with the confirmation of the treatment of the disease.

4. Section 80EE: A new section 80EE was introduced for the Annual Year 2014-2016 by the finance minister. This section is related to the additional deduction in respect of interest on loan taken for residential house property. Assesses can actually avail the benefits of this section in two A.Y. 2014-15 & 2015-16. The main purpose of this section is to promote house ownership & give a fillip to a number of industries like steel, cement, brick and wood, in addition to jobs to thousands of construction workers.