All individual are asking about benefits of the Budget 2012 but no body caring about losses . Nothing has been mentioned about deduction of 80CCF .

As per present rule 80CCF is allowed for FY 2011-12,as the same has not been enhanced in Finance Bill 2012 presented today o there will no deduction u/ s 80CCF from next year Financial Year 2012-13.

Direct tax code also does not have deduction for 80CCF,the same has been proposed to be adopted for coming year also.

After deletion of this clause there will be 6180 loss of tax for 30% slab and 4120 for 20 % slab and 2060% loss for 10% slab .

In Finance Bill 2011 this deduction was extended fro Financial year 2011-12 only by clause number 9