|
SECTION
|
NATURE OF DEDUCTION
|
WHO CAN CLAIM
|
|
80C
|
Life insurance premium, provident fund contribution: Maximum deduction allowed is Rs. 1,50,000
|
Individuals and HUFs
|
| 80CCA |
Deduction in respect of deposits under National Savings Scheme or payment to a deferred annuity plan : Maximum deduction allowed is ₹ 20,000 and ₹ 1,50,000 taken 80C, 80CCA and 80CCB and 80CCC together |
Individual and HUF |
| 80CCB |
Deduction in respect of investment made under Equity Linked Savings Scheme : Maximum deduction allowed is ₹ 10,000 and ₹ 1,50,000 taken 80C, 80CCA and 80CCB and 80CCC together |
Individual and HUF |
|
80CCC
|
Pension Fund: Maximum deduction allowed is Rs. 1,50,000
|
Individuals
|
|
80CCD
|
Contribution by an individual towards NPS / Contribution by employees / Contribution by employer [Upto Specified limit]
|
Individuals /Employee
|
|
80CCE
|
Limit on deductions under sections 80C, 80CCC and 80CCD
|
Individuals / HUF
|
| 80CCF |
Deduction in respect of subscription to long-term infrastructure bonds: Maximum deduction allowed is ₹ 20,000 |
Individuals and HUF |
|
80CCG
|
Investment made under Rajiv Gandhi Equity Saving Scheme (Maximum deduction: 25,000)
|
Resident Individual
|
|
80D
|
Medical Insurance Premium [Upto Specified limit]
|
Individuals and HUFs
|
|
80DD
|
Maintenance including medical treatment of a handicapped dependent who is a person with disability [Upto Specified limit]
|
Resident Individuals or resident HUFs
|
|
80DDB
|
Medical treatment expenses [Upto Specified limit]
|
Resident Individuals or resident HUFs
|
|
80E
|
Payment of interest on Loan taken for higher studies
|
Individuals
|
|
80EE
|
Interest on loan taken for residential property
|
Individuals
|
| 80EEA |
Deduction in respect of interest on loan taken for certain house property: Maximum deduction allowed is Rs. 1,50,000
Inserted vide FINANCE (NO. 2) ACT, 2019 w.e.f. 01-04-2020
|
individuals |
| 80EEB |
Deduction in respect of purchase of electric vehicle: Maximum deduction allowed is Rs. 1,50,000
Inserted vide FINANCE (NO. 2) ACT, 2019 w.e.f. 01-04-2020
|
Individuals |
|
80G
|
Donation to certain funds, charitable institutions [subject to maximum of 50% of qualifying donation (100% in some cases)]
|
All assessees
|
|
80GG
|
Rent paid for furnished/ unfurnished accommodation [Upto Specified limit]
|
Individuals
|
|
80GGA
|
Certain donations for scientific research or rural development
|
All assessees not having any income chargeable u/h PGBP
|
|
80GGC
|
Contribution to political parties
|
Specified assessees
|
|
80QQB
|
Royalty income of authors
|
Resident Individuals
|
|
80RRB
|
Royalty on Patents
|
Resident Individuals
|
|
80TTA
|
Interest on deposits in Saving account
|
Individual / HUF
|
| 80TTB |
Deduction in respect of interest on deposits in case of senior citizens
Inserted vide THE FINANCE ACT, 2018, w.e.f. 1st day of April, 2019
|
Senior citizen |
|
80U
|
Income of a person with disability deduction allowed is Rs. 75000 & person with severe disability deduction allowed is Rs. 1,25,000
|
Resident Individuals
|
