DEDUCTIONS UNDER SECTION 80C, 80D, 80E, 80GG, 80TTA, ETC.
| Section | Eligible Investments for Tax Deduction | Maximum Amount allowed as Deduction |
| 80C | Investment in PPF , EPF, LIC Premium , Equity Linked Saving Scheme (ELSS), Sukanya Samriddhi Yojana (SSY) , National Saving certificate (NSC) , Senior Citizen Savings Scheme (SCSS), ULIP, Tax Saving FD for 5 years, Infrastructure Bonds, etc. | Rs. 1,50,000 |
| 80CCC | Payment towards Pension Fund (Annuity Pension Plan) | Rs. 1,50,000 |
| 80CCD(1) | Employees Contribution to NPS (National Pension Scheme) | Rs. 1,50,000 |
| 80CCD(1B) | Additional deduction is available for Employee’s Contribution to NPS account.
Contributions to Atal Pension Yojana is also eligible for deduction. |
Rs. 50,000 |
| 80CCD(2) | Employer’s Contribution to National Pension Scheme (NPS) | 10% OF SALARY (BASIC+DA) |
| Note : Combined Maximum Limit for Deduction under Section 80C, 80CCC and 80CCD(1) is Rs. 1,50,000. | ||
| 80D | Medical Insurance : Self, Spouse & Children
Medical Insurance : Parents more than 60 years old |
Rs. 25,000
Rs, 50,000 |
| 80DD | Medical Treatment of a Dependent who is a Person with Disability or payment to specified scheme for maintenance of handicapped dependent :
Disability is 40% or more but less than 80% |
Rs. 75,000
Rs. 1,25,000 |
| 80DDB | Medical Expenditure on Self or Dependent Relative for diseases specified in Rule 11DD :
For less than 60 years old |
Lower of Rs. 40,000 or Actual Expenditure
Lower of Rs. 1,00,000 or Actual Expenditure |
| 80E | Payment of interest of Loan taken for higher studies (Interest on Education Loan) | Interest Paid for a Period of 8 Years |
| 80EE | Interest on Loan taken for Residential House Property (Interest on Home Loan) | Rs. 50,000 |
| 80G | Donations to certain Funds, Charitable Institutions , etc. | Check Eligibility Here |
| 80GG | For Rent Paid | Rs. 60,000 |
| 80GGA | Donations for Scientific Research or Rural Development | 100% of the amount paid to the specified institution or association or university or college |
| 80GGB | Contribution to Political Parties by Companies other than in Cash | Actual Amount Contributed |
| 80GGC | Contribution to Political Parties by an Individual other than in Cash | Actual Amount Contributed |
| 80-IA | Deduction in respect of Profit and Gains from Industrial Undertaking or Enterprises engaged in infrastructure Development | 100% of Profits/Gains for Any 10 Consecutive Years out of First 15 Years |
| 80-IAB | Deduction in respect of profits and gains by an undertaking or an enterprise engaged in development of Special Economic Zone (SEZ) | 100% of Profits/Gains for Any 3 Consecutive Years out of First 5 Years |
| 80-IAC | Special Provision in respect of Eligible Business of Eligible Start Up [Section 80-IAC] [W.e.f. A.Y. 2017-18] | 100% of Profits/Gains for Any 3 Consecutive Years out of First 5 Years |
| 80-IB | Deduction in respect of Profit & Gain from certain Industrial Undertaking other than Infrastructure Development Undertaking [Section 80-IB] | 100% of Profits/Gains for First 5 Years
25% (30% For Company) for Next 5 Years |
| 80-IBA | Deduction in respect of Profits and Gains from Housing Projects [Section 80-IBA] | 100% of Profits/Gains |
| 80-IC | Deduction in respect of Profits and Gains of Certain Undertaking or Enterprises in certain Special Category States. [Section 80-IC] | 100% of Profits/Gains for First 5 Years
25% (30% For Company) for Next 5 Years |
| 80-ID | Deduction in respect of Profits and Gains from Business of Hotels and Convention center in NCR | 100% of Profits/Gains for First 5 Years |
| 80-IE | Deduction in respect of certain undertaking in North-Eastern States | 100% of Profits/Gains for First 10 Years |
| 80-JJA | Deduction In Respect of Profit And Gains From Business of Collecting And Processing of Bio-Degradable Waste | Whole of such income, or Five lakh rupees, whichever is less. |
| 80-JJAA | Deduction In Respect Of Employment Of New Employees [Section 80-JJAA] w.e.f. A.Y. 2017-18 | 30% of the amount of additional employee cost for three assessment years. |
| 80LA | Deduction in respect of certain incomes of Offshore Banking Units and International Financial Services Centre | 100% of such Income for First 5 Years
50% of such Income for First 5 Years |
| 80P | Deduction in respect of income of Co-operative Societies | |
| 80PA | Deduction in respect of income of Farm Producer Companies | |
| 80QQB | Deduction in respect of royalty income, etc., of authors of certain books other than text books [ Maximum Rs. 3,00,000] | Rs.3 lakh or the income received, whichever is less |
| 80RRB | Deduction in respect of royalty on patents | Lower of Rs. 3,00,000 or Income Received |
| 80TTA | Deduction in respect of interest on deposits in savings accounts | Rs. 10,000 |
| 80TTB | Deduction for Senior Citizens in respect of Interest on deposits with Banks / co-operative bank / post office. | Rs. 50,000 |
| 80U | Self-suffering from disability :
An individual suffering from a physical disability (including blindness) or mental retardation. |
Rs. 75,000
Rs. 1,25,000 |
