Raghav, aged 34, a resident individual, furnishes the following details of investments and expenses for the financial year 2025-26. His Gross Total Income (GTI) before Chapter VI-A deductions is ₹9,00,000. Details of inv

Computation of deductions available under Chapter VI-A to Mr. Raghav for A.Y. 2026-27 Particulars Amount (₹) Amount (₹) (i) Deduction under section 80C: Tuition Fees paid for two children 60,000 (Tuition fee paid for full time graduation course in Winners University in Bengaluru is eligible for deduction under section 80C for a maximum of two children) Housing loan principal repayment Nil (Repayment of principal on housing loan is not allowed as deduction in case the loan is borrowed from friends, relatives etc. In order to qualify for deduction, the loan should have been obtained from Central Government / State Government / bank / financial institution.) Cash Deposited in PPF (Eligible for deduction u/s 80C) 1,15,000 1,75,000 The total allowed deduction under Section 80C, 80CCC, and 80CCD(1) is restricted to ₹1,50,000. 1,50,000 (ii) Deduction under section 80D: Mediclaim insurance premium (a) For self-insurance maximum 25,000 is allowed 25,000 (b) For Parents (maximum limit is 50,000 for senior citizen, so full 32,000 is allowed) 32,000 (Medical insurance premium paid otherwise than in Cash is allowed, so credit card payment is allowable) Total allowed deduction under section 80D 57,000 (iii) Deduction under section 80E: Interest paid on education loan taken for his spouse's higher education 48,000 (Interest paid on a loan taken for the higher education of self, spouse, or children is fully allowed as deduction u/s 80E without any monetary limit) (iv) Deduction under Section 80G: Donation to Prime Minister's National Relief Fund 50,000 (Donation to the Prime Minister's National Relief Fund (PMNRF) falls under the "100% Deduction without any qualifying limit) Total Deduction under chapter VI-A 3,05,000