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of <h1>Investor Faces Tax Deductions u/s 80CCG for Equity Investments; 2015-16 Deduction Denied Due to Income Limit.</h1> A retail investor participated in the Rajiv Gandhi Equity Savings Scheme, investing in listed equity shares and equity-oriented fund units. For the 2013-14 year, the deduction under section 80CCG was calculated as 50% of the total investment, capped at 25,000. In 2014-15, the deduction was 21,000 for listed shares, with an additional 22,500 taxed due to a condition violation from selling fund units. In 2015-16, no deduction was available as the gross total income exceeded the 12,00,000 threshold.
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