Friends, I need to declare my rebate entitlements in my office for the period April 2014 to March 2015. As per extant last rebate, amount under severe disability Section 80U was Rs. 1,00,000/- (one lac rs.). However, probably it was raised to Rs. 1,50,000/- (one lac fifty thousand Rs.) for 2014-15. Please confirm, I have to finalise my declarations for saving tax liabilities for remaining months by March 2015. Also give me some reference as proof to submit to my office in case the rebate is 1.5 lac now.
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