7. Deductions for Physically Disabled

If a person is physically disabled or challenged, he or she is entitled to a deduction on their taxable income. Deductions up to 50, 000 is allowed in such cases. If a person is suffering from more than one physical disability deduction of 100, 000 shall be available, as specified in u/s 80U. To avail the above mentioned tax redemptions, the person should have the proper documents and certificate from the Government of India.

8. End of Section 80CCF

The section 80CCF that allowed exemption on taxable amount if one invested in Long Term Infrastructure Bonds will be no more effective in the financial year 2013. The maximum amount allowed for deduction under this section is 20, 000. In the budget 2011 the profits under this section were extended up to financial year 2012. Therefore, the deduction under this section shall not be available for AY 2013-14.

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