The deduction under the Scheme will be
available to a new retail investor who complies with the conditions
of the Scheme and whose gross total income for the financial
year in which the investment is made under the Scheme is less
than or equal to twelve lakh rupees. In 2013-14, the income ceiling of the beneficiaries was raised to Rs. 12 lakh from Rs. 10 lakh specified in 2012-13.
The deduction under the Scheme shall be available to a new retail investor who:-
- is a resident of India
- has a gross total income for the financial year less than or equal to Rs. 12 Lakh. In 2013-14, the income ceiling of the beneficiaries was raised to Rs. 12
lakh from Rs. 10 lakh specified in 2012-13.
- complies with all the other conditions of the Scheme