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Deduction under Chapter VI-A

[ Sec.- 80C, 80CCC, 80CCD, 80CCF, 80CCG, 80D, 80DD, 80DDB, 80E, 80EE, 80G, 80GG, 80GGA, 80GGB, 80GGC, 80 IA, 80IB, 80IC, 80ID, 80IE, 80JJA, 80JJAA, 80LA, 80P, 80QQB, 80RRB, 80TTA, 80U ]

DEDUCTION UNDER CHAPTER VI-A IN RESPECT OF 'PAYMENTS'
Section Nature of Payment Who can Claim
80C LIfe Insurance Premia, Provident Fund Contribution (Maximum : Rs. 1,50,000) Individuals
80CCC Pension Fund [ Maximum : Rs. 1,50,000 Individuals
80CCD(1) Deduction available in respect of Employee’s / Assessee’s Contribution to National Pension Scheme (NPS) [Section 80CCD(1)] Individuals
80CCD(1B) Additional Deduction of Rs. 50,000 is available in respect of Employee’s / Assessee’s Contribution to National Pension Scheme (NPS) [Section 80CCD(1B)] Individuals
80CCD(2) Deduction available in respect of Eemployer’s Contribution to National Pension Scheme (NPS) [Section 80CCD(2)] Employees
80D Deduction in respect of Health or Medical Insurance Premium Individual/HUF
80DD Deduction in respect of Maintenance Including Medical Treatment of a Dependent who is a Person with Disability Resident Individual/ Resident HUF
80DDB Deduction in respect of Medical Treatment , etc. Resident Individual/ Resident HUF
80E Payment of interest of Loan taken for higher studies Individual
80EE Deduction in respect of Interest on Loan taken for Residential House Property Individual
80G Deduction in respect of Donations to certain Funds, Charitable Institutions , etc. [Section 80G ] All Assessee
80GG Deduction in respect of Rents Paid [Section 80GG] Individual
80GGA Deduction in respect of certain Donations for Scientfic Research or Rural Development [Section 80GGA] All assessees not having any income chargeable under the head 'Profits and gains of business or profession'
80GGB/GGC Contribution to Political Parties  
DEDUCTION UNDER CHAPTER VI-A IN RESPECT OF 'CERTAIN INCOMES'
80-IA

Deduction in respect of Profit and Gains from Industrial Undertaking or Enterprises engaged in infrastructure Development [Section 80IA]

All Assessee
80-IAB

Deduction in respect of profits and gains by an undertaking or an enterprise engaged in development of Special Economic Zone (SEZ)

Developers
80-IAC Special Provision in respect of Eligible Business of Eligible Start Up [Section 80-IAC] [W.e.f. A.Y. 2017-18] Companies / LLPs
80-IB Deduction in respect of Profit & Gain from certain Industrial Undertaking other than Infrastructure Development Undertaking [Section 80-IB] All Assessee
80-IBA Deduction in respect of Profits and Gains from Housing Projects [Section 80-IBA] All Assessee
80-IC Deduction in respect of Profits and Gains of Certain Undertaking or Enterprises in certain Special Category States. [Section 80-IC] All Assessee
80-ID Deduction in respect of Profits and Gains from Business of Hotels and Convention center in NCR All Assessee
80-IE

Deduction in respect of certain undertaking in North-Eastern States

All Assessee
80-JJA

Deduction In Respect Of Profit And Gains From Business Of Collecting And Processing Of Bio-Degradable Waste

All Assessee
80-JJAA

Deduction In Respect Of Employment Of New Employees [Section 80-JJAA] w.e.f. A.Y. 2017-18

All Assessee
80LA

Deduction in respect of certain incomes of Offshore Banking Units and International Financial Services Centre

Scheduled Banks
80P

Deduction in respect of income of Co-operative Societies

Co-operatives Societies
80PA

Deduction in respect of income of Farm Producer Companies [W.e.f. A.Y. 2019-20]

Producers Companies
80QQB

Deduction in respect of royalty income, etc., of authors of certain books other than text books [ Maximum Rs. 3,00,000]

Resident Individuals
80RRB

Deduction in respect of royalty on patents [ Maximum Rs. 3,00,000]

Resident Individuals
80TTA

Deduction in respect of interest on deposits in savings accounts to the maximum extent of Rs. 10,000

Individuals / HUF
80TTB

Senior citizen to be allowed a deduction of Rs. 50,000 on account of interest on deposits with Banks / co-operative bank / post office.

[W.e.f. A.Y. 2019-20]

Senior Citizens
80U

Deduction in case of a person with disability [ Maximum : Rs.1,25,000]

Resident Individuals

 

 Important Links....for calculating Salary Income

(A). Salary -Definition & Meaning
(B). Provident Fund
(C). Allowance
(D). Perquisites
(E). Profit in lieu of Salaly
(F). Retirement Benefits
(G). Deductions
(H). Table Presentation of Salary Income (Section 15 to 17)
 
 
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Taxation in Business & Profession [Section 28 to 44]
Taxation in Business & Profession [Section 28 to 44]

Computation of income under the head 'Profits and Gains of Business or Professions' [Section 28 to 44]

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Tax Computation with Assessment of Salaried Person, HUF, Individuals
Tax Computation with Assessment of Salaried Person, HUF, Individuals.

Computation of Income with Assessment Under the Head 'Salary', 'HUF', 'Individuals'.


Indivisuals
HUF
Salaried Person
 
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