List of all exemptions under Indian Income Tax Act

Deductions allowed under Section 80 C are listed here :

Section 80C of the Income Tax Act allows certain investments and expenditure to be exempted from Tax. The total limit under this section is Rs. 1,00,000 which can be any combination of the below:

• Life Insurance premiums payment
• Investment in PENSION Plans.
• Tax Saving ULIP’s – Unit Linked Insurance Plans
• (ELSS) Investment in Equity Linked Savings schemes– Mutual Funds
• PF - (max. of 12% of basic salary)
• PPF - (maximum of Rs.70,000 per fin. Year)
• Investment in specified government infrastructure bonds
• NSC - National Savings Certificates
• KVP – Kisan Vikas Patra
• Principal repayment of housing loans. Also any registration fee or stamp duty paid.
• Payments towards tuition fees for children to any school or college or university or similar institution. (Only for 2 children) or towards coaching fee of various competitive exams.

(NOTE: From 01.04 2010, an additional limit of Rs.20,000 is included in 80C under infrastructure bonds.)

 

Income Tax Exemptions other than Sec. 80c

1. Deduction under section 80D · Deduction allowable upto Rs.15,000/- if an amount is paid to keep in force an insurance on health of assesse or his family (i.e. Spouse &Children ) · Additional deduction upto Rs.15,000/- if an amount is paid to keep in force an insurance on health of parents. ( iff , senior citizens upto Rs.20,000/- ) provided that such insurance is in accordance with the scheme framed by a) the General Insurance Corporation of India as approved by the Central Government in this behalf or; b) Any other insurer and approved by the Insurance regulatory and Development authority. 2. Interest on Housing Loans For self occupied properties, interest paid on a housing loan up to Rs 1,50,000 per year is exempted from tax. 3. Section 80DD – Exemption under sec 80DD is available to any individual who: a. Incurs any expenditure for the medical treatment, training and rehabilitation of a disabled dependent (or)4. Section 80DDB – An individual, resident in India spending any amount for the medical treatment of specified diseases affecting him or his spouse, children, parents, brothers and sisters and who are dependent on him, will be eligible for a deduction of the amount actually spent or Rs 40,000, whichever is less. (if, dependant senior citizen : Rs.60,000) ü The individual should furnish a certificate in Form 10-I with the return of income issued by a specialist working in a government hospital. 5. Section 80E - Under this section, deduction is available for payment of interest on a loan taken for higher education from any financial institution or an approved charitable institution. (only for full-time graduate or post-graduate course in engineering, medicine or management, or a post-graduate course in applied science or pure science.) ü Maximum deduction : Rs 40,000 a year (Inclusive of both principal and Interest) 6. Section 80U - It is deduction in the case of a person with a disability. An individual who is suffering from a permanent disability or mental retardation. allowed a deduction of Rs 50,000. In case of severe disability it is Rs. 75,000. ü The Income tax assessee should furnish a certificate from a medical board constituted by either the Central or the State Government, along with the return of income for the year for which the deduction is claimed.

Top 5 Free Websites with useful content for Education

Wikipedia {The universal realtime online university}:

Unlike paper encyclopedias, Wikipedia is a free, online encyclopedia created edited and updated continually by its users. Since its introduction in 2011, wiki has acquired a phenomenal growth with an article base of 44.66 lakhs in English alone and more than 3.2 crore pages in all the 280 languages it is presently being published. 

Tamilnadu School Textbooks Free download:

Digital version of TN Samacheer textbooks(2013 edition& latest updated editions) has been published online by the Department of School Education, Govt. of Tamilnadu for all State board schools of 1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th, 10th, 11th & 12th standard and that can be downloaded for free in PDF format. Choose the relevant std. you require, then from the all the 3 terms of different subjects and clicking on the appropriate medium of languages( Tamil, English, Kannada, Malayalam, Telugu and Urdu). Tamil textbook for all classes of CBSE also available for download.
[Tip: After downloading, you can view to guide/ learn offline- anywhere with these e-textbooks by sharing it to your mobile devices too via bluetooth.]

   

Learn U.K. Curriculum with BBC:

Parents of children studying in Kindergarten and students of schools, colleges or universities can get an  authentic and comprehensive online learning with U.K. educational syllabi. Unearth from the range of subjects for all grades, that could augment the students with their course study, classwork and exams. While exploring a wealth of online resources, you can also consider keyboard typing for kids.

Develop English language skills with British Council website:

British Council is an international charity organization of United Kingdom for cultural relations& educational opportunities. Students and parents who wanted to inculcate English in their kids and themselves, can utilize well this free website to enhance one's competence& confidence in using English language.

• LearnEnglish Kids- Parents who are teaching English for young children can choose from kids word games, songs, stories, tongue-twisters, reading& writing practices, Craft making videos, etc. Children can enhance their English grammar knowledge with videos, games and participating in online tests& quizzes starting from their early age itself. 
• If your child is a very young learner, there's a separate section called little kids. Here's an article about another website in Tamil for introducing basic literacy in the pre-schooling aged kids.
• LearnEnglish Teens- Skill development  in the four important aspects of English language viz. Reading, Writing, Listening, Grammar& Vocabulary through videos and assessment through exams.

Scratch (programming skill for students):

Scratch is an educational  programming language and multimedia authoring tool that can be used by students, scholars, teachers and parents for a range of educational and entertainment constuctivist purposes f constuctivist purposes from math and science projects, including simulations and visualizations of experiments, recording lectures with animated presentations, to social sciences animated stories, and interactive art and music, simple games too. Viewing the existing projects available on the Scratch website, or modifying and testing  any modification without saving it requires no online registration and can be worked offline.

• Download here Scratch for free and easy
• For Wikipedia's list of other free educational computer programming languages, tabulated age-wise click here. 

How to apply for Scholarships of Vijayalakshmi Trust in CBE ?

This blog has been moved to be updated with useful information for the entire student community. Please Click on the link below to know about the Trust Details, Eligible Marks and Stipulated dates for granting the Money & other information such as Contact No., Address, E-MAIL, Website Address and Map of the location of the Trust Office.

•  Complete Procedure for applying to get the Scholarships offered by Shree Vijayalaksmi Charitable Trust of Coimbatore [Provided only to the students of Coimbatore, Erode, Tiruppur and Nilgiris]. 

• An opportunity for Kovai College students to qualify for Vijayalakshmi Trust Scholarship even if they have missed entry to previous year scholarships. Don't miss.

Life Insurance profession is an ideal one because……

• No other profession brings a person in contact with so many different types of people.

• In no other type of work is a person free to write his own cheque.
• There is no limit to earnings except the limit the person puts on himself.
• Success is not affected by the general law of supply and demand. The agent creates his own demand and fills it from an inexhaustible supply.
• Work done yesterday, last month, and last year increases the income today, tomorrow and through the coming years-not true of any other profession.
• Every time the agent makes a rupee as his earnings, he renders, valuable services to the country by sowing seeds of security that add happiness to his fellowmen.
• The passing years do not contain a menace. No life insurance sales person is side tracked in any way because of the age and never thrown into the ranks of unemployed.
• It is the best paid hard work in the world with no invested capital at risk, no perishable goods on hand and no overhead expenses to meet.

• It makes a person active, moving from place to place and naturally resulting in making the person master of both-health and wealth and also his own destiny.

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பள்ளி செல்லும் வயதுக்கு முன் உள்ள குழந்தைகளின் ஆங்கில அறிவுத்திறன் மேம்பாடு

6 மாதம் முதல் 3 வயது வரை உள்ள குழந்தைகளின் ஆங்கில அறிவுத்திறனை மேம்படுத்த விரும்பும் பெற்றோர், இந்த விளக்கத்தினை தொடர்ந்து படிக்கவும். (உங்கள் வீட்டில் இன்டர்நெட் வசதியுடன் கூடிய கம்பியூட்டர் இருந்தால் போதும், இதற்காக நீங்கள் வேறு செலவுகள் செய்ய வேண்டியதில்லை)

Literacy Center Education Network – பள்ளி செல்லும் பருவத்திற்கு முன் உள்ள குழந்தைகளுக்கு, வல்லுநர் குழுவால் அழகுடன் வடிவமைக்கப்பட்ட ஆங்கில கல்விப்பாடதிட்டங்களை இலாப நோக்கமில்லாமல் வழங்குகிறது.

220 நாடுகளுக்கு மேல் பயன்படுத்தப்படும் இந்த இணையதளத்தினை மழலையர் உள்ள அனைத்து வீடுகளிலும், நூலகங்கள், பள்ளிகளில் பயன்படுத்தல் மிக்க நலம். ஆங்கிலம் தாய்மொழியாக இல்லாத மழலைகள், இம்மொழியை ஆரம்ப நிலையிலேயே கற்றுக் கொள்வதற்கு மிகச்சிறந்த சூழலினை உருவாக்கி தருகிறது.பள்ளிப் பருவத்திற்கு முந்தைய கல்வித்திட்டம் என்பதால் மழலைப் பள்ளி அல்லது வீடுகளில் ஒருவர் ஆலோசனை-வழங்கு அடிப்படையில் இத்திட்டம் வழங்கப்பட்டுள்ளது.