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Deductions under Chapter VIA in respect of 'PAYMETNS & INVESTMENT' are allowed from Section 80-C to 80-GGC

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

Deductions under Chapter VIA in respect of 'PAYMETNS & INVESTMENT' are allowed from Section 80-C to 80-GGC

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

 

Deductions to be made in Computing Total Income [Sections 80A to 80U (Chapter VIA)]

Related Topics...Deductions from Gross Total Income

  1. DEDUCTIONS UNDER 'CHAPTER VI-A' IN RESPECT OF "PAYMENT & INVESTMENT" ARE ALLOWED FROM SECTION 80C TO 80GGC

    Section 80C Section 80CCC Section 80CCD
    Section 80CCG Section 80D Section 80DD
    Section 80DDB Section 80E Section 80EE
    Section 80G Section 80GG Section 80GGA
  2. DEDUCTIONS UNDER 'CHAPTER VI-A' IN RESPECT OF "INCOMES" ARE ALLOWED FROM SECTION 80-IA TO 80U

    Section 80-IA Section 80-IAB Section 80-IAC
    Section 80-IB Section 80-IBA Section 80-IC
    Section 80-ID Section 80-IE Section 80-JJA
    Section 80-JJAA Section 80-LA Section 80-P
    Section 80-PA Section 80-QQB Section 80-RRB
    Section 80-TTA Section 80-TTB Section 80-U

 

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