https://www.taxtmi.com/article/detailed?id=1685 Deduction limits for individual and HUF taxpayers have been revised: the allowable portion of life-insurance premiums relative to capital sum assured has been reduced for newer policies; a new preventive health-checkup deduction is introduced within the 80D ceiling with specified payment-mode rules; senior-citizen age for medical deductions is realigned; charitable donations above a small threshold must be paid non-cash to qualify; a capped deduction for interest on savings-account deposits (excluding time deposits) is provided to individuals and HUFs; and the time limit for specified infrastructure deductions is extended by one year. en-us Sun, 01 Apr 2012 08:23:42 +0530 Sun, 01 Apr 2012 08:23:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1685 Deduction limits for individual and HUF taxpayers have been revised: the allowable portion of life-insurance premiums relative to capital sum assured has been reduced for newer policies; a new preventive health-checkup deduction is introduced within the 80D ceiling with specified payment-mode rules; senior-citizen age for medical deductions is realigned; charitable donations above a small threshold must be paid non-cash to qualify; a capped deduction for interest on savings-account deposits (excluding time deposits) is provided to individuals and HUFs; and the time limit for specified infrastructure deductions is extended by one year. Articles Income Tax Sun, 01 Apr 2012 08:23:42 +0530 https://www.taxtmi.com/article/detailed?id=1685