chapter VI A Deductions

80C

150000

80CCD

pension scheme

80CCD(1)

Payments made towards Atal Pension Yojana or other pension schemes notified by government

Employed: 10% of basic salary + DA
Self-employed: 20% of gross total income

80CCE

Total deduction under Section 80C, 80CCC, 80CCD(1)


Rs 1,50,000

80CCD(1B)

Investments in NPS (outside Rs 1,50,000 limit under Section 80CCE)

Rs 50,000

80CCD(2)

Employer’s contribution towards NPS (outside Rs 1,50,000 limit under Section 80CCE)


Central government employer: 14% of basic salary +DA
Others: 10% of basic salary +DA

80U

Disabled Individuals
Individuals
Normal Disability: Rs. 75,000/-
Severe Disability: Rs. 1,25,000/-

sec 80 ttb

Interest Income earned on deposits(Savings/ FDs)
Individual (60 yrs or above)
Upto Rs 50,000/-

80TTA

Interest earned on Savings Accounts

Individual Or HUF (except senior citizen)

Upto Rs 10,000/-

sec 80QQB

Royalty Income of Authors
Individuals (Indian citizen or foreign citizen being resident in India)
Rs.3,00,000/-
Or
Specified Income
- whichever is lower

sec 80 RRB

Royalty on Patents
Individuals (Indian citizen or foreign citizen being resident in India)
Rs.3,00,000/-
Or
Specified Income
- whichever is lower

sec 80GGC

Individuals on contribution to Political Parties
Individual,HUF,AOP,BOI,Firm
100% of the amount contributed.
No deduction available for the contribution made in cash

sec 80GGB

Contribution to Political Parties
Companies
100% of the amount contributed
No deduction available for the contribution made in cash

80GGA

Donation to Scientific Research & Rural Development
*All assessees except those who have an income (or loss) from a business and/or a profession*
100% of the amount donated.
Allowed donation in cash upto Rs.2000/-

sec 80GG

Income Tax Deduction for House Rent Paid
Individual
Rs. 5000 per month
25% of Adjusted Total Income
Rent paid - 10% of Adjusted Total Income
- whichever is lower

sec 80G

Donation to specified funds/institutions. Institutions
All Assessee (Individual, HUF, Company, etc)
100% or 50% of the Donated amount or Qualifying limit,
Allowed donation in cash upto Rs.2000/-

80EEB

Interest paid on Electric Vehicle Loan
Individual
Upto Rs 1,50,000 subject to some conditions

80EEA

Interest Paid on Housing Loan
Individual
Upto Rs 1,50,000/- subject to some conditions

80E

Interest paid on Loan taken for Higher Education
Individual
No limit (Any amount of interest paid on education loan)upto 8 assessment years

80DDB

Medical expenditure for treatment of Specified Diseases
Individual
Or
HUF
Senior Citizens: Upto Rs 1,00,000
Others: Upto Rs 40,000

sec 80DD

Medical Treatment of a Dependent with Disability
Individual
Or
HUF
Normal Disability (atleast 40% or more but less than 80%): Rs 75000/-
Severe Disability (atleast 80% or more) : Rs 125000/-