Deductions under Chapter VI-A i.e. Deductions under Section 80C to 80U, Deductions under Section 80

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%
Disability is 80% or more

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
For more 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.
An individual suffering from severe disability

Rs. 75,000

Rs. 1,25,000

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