Sections |
Particulars |
Assessee to whom Allowed |
Quantum of Deduction |
80A/AB/AC |
Basic rules of deductions |
NA |
NA |
80C |
Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc. Sum paid or deposited in the name of a girl child under the Sukanya Samriddhi Account Scheme also eligible for deduction.
Any amount deposited by an employee of the Central Government as contribution to the specified account of the pension scheme referred to in section 80CCD for a fixed period of not less than 3 years shall also be eligible for deduction |
Individuals or HUF |
Maximum ₹1,50,000 |
80CCC |
Deduction in respect of contribution to certain pension funds |
Only individuals |
Max. ₹1,50,000 |
80CCD |
Deduction in respect of contribution to pension scheme of Central Governmen |
Salaried employee or self employed individual |
In case of employees maximum 10% of salary and in case of self-employed persons 20% of gross total income Deduction of ₹50,000 available under section 80CCD(1B) whether or not any deduction is allowed to the assessee u/s 80CCD(1) The limit for employer's contribution u/s 80CCD(2) has been increased from 10 to 14% of contribution made by the Central Government to the account of its employee |
80CCE |
Limit of deduction u/ss. 80C, 80CCC and 80CCD (only employees/assessee's contribution to New Pension Scheme to be included for the limit of ₹1,50,000) |
Individual or HUF |
Max. ₹1,50,000 However additional deduction of ₹50,000 to be allowed by newly inserted subsection (1B) of section 80CCD shall not form part of the above limit of ₹1,50,000 |
80D |
Deduction in respect of medical insurance premia including any contribution made to the CGHS or such other scheme as may be notified by the Central Government
Any payment upto ₹5,000 made on account of preventive health check-up of the assessee or his family shall also be eligible (payment for this may be made even in cash) The whole of the amount paid on account of medical expenditure in respect of a senior citizen, (if no payment has been made to keep in force an insurance on the health of such person), as does not exceed ₹50,000 shall be allowed as deduction to any of the persons mentioned in column 3 who has paid such amount |
Individual or HUF whether resident or non-resident
(a) an individual, provided the amount is incurred by the assessee on himself or any member of his family
(b) HUF, provided the amount is incurred for very senior citizen who is the member of HUF (c) An individual, provided the amount is incurred for very senior citizen who is the parent of such individual |
In case of individuals
(i) For individual himself, spouse and dependent children ₹25,000
(ii) For parents of the individual,
whether dependent or not ₹25,000
In case of HUF ₹25,000
Note.—Addl. ₹25,000 if any of the above person insured is a senior citizen In case of senior citizen, amount paid on account of medical expenditure as does not exceed ₹50,000.
However, total deduction under this section cannot exceed ₹75,000. |
80DD |
Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability/severe disability |
Individual or HUF
Resident in India |
₹75,000/
₹1,25,000 |
80DDB/Rule 11DD |
Deduction in respect of medical treatment, etc. |
Individual or HUF resident in India For senior citizen |
Actual expenditure incurred subject to maximum of ₹40,000
For senior citizen — Addl. ₹60,000 i.e. maximum ₹1,00,000 |
80E |
Deduction for entire amount of interest paid on a loan taken for pursuing higher education |
Individual whether resident or not |
Entire amount of interest paid during the previous year |
80EE |
Deduction to in respect of interest on loan taken from financial institutions for residential house property, if certain conditions are satisfied. |
Individual |
Maximum ₹50,000 for the assessment year beginning on 1.4.2017 and subsequent assessment years |
80EEA [W.e.f. A.Y. 2020-21] |
Deduction in respect of interest on loan taken for certain house property which was sanctioned till 31.03.2020 (Extended till 31.03.2021 by Finance Act, 2020) |
Individual |
Maximum ₹1,50,000 |
80EEB [W.e.f. A.Y. 2020-21] |
Deduction in respect of purchase of electric vehicle |
Individual |
Maximum ₹1,50,000 |
80G |
Deduction in respect of donations to certain funds, charitable institutions, etc. Donations to Swachh |
All assessees |
(a) 100% or 50% of eligible donations, without Bharat Kosh, Clean Ganga Fund (provided such sum is not spent in pursuance of CSR) eligible for deduction w.r.e.f. A.Y. 2015-16 and National Fund for Control of Drug Abuse also eligible for deduction w.e.f. A.Y. 2016-17 applying qualifying limit in certain cases (b) 100% or 50% of eligible donations, after applying Qualifying limit of 10% of adjusted GTI. |
80GG |
Deductions in respect of rent paid |
Individual only |
Maximum ₹5,000 p.m. |
80GGA |
Deduction in respect of certain donations for scientific research or rural development, etc. |
All assessees not having business income |
100% of sum donated |
80GGB |
Deduction in respect of contributions given by companies to political parties |
Company assessee |
Amount so contributed |
80GGC |
Deduction in respect of contributions given by any person to political parties |
Any assessee other than local authority and every artificial juridical person wholly or partly funded by the Government |
Amount so contributed |
80-IA |
Deduction in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc. |
Industrial undertaking or enterprises engaged in infrastructure development, etc. |
30% to 100% of profits |
80-IAB |
Deduction in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone |
Undertaking/ enterprises engaged in development of Special Economic Zone |
100% of profits for 10 consecutive assessment years |
80-IAC |
Special provision in respect of eligible business of eligible start up |
An assessee being an eligible start-up |
100% of the profits and gains derived from such business for three consecutive assessment years out of 7 assessment years (out of 10 assessment years as amended by Finance Act, 2020) |
80-IB |
Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development, etc. |
All assesses engaged in the business of industrial undertakings/hotels/ ships/infrastructure development/ scientific and industrial research and development. |
25% to 100% for prescribed no. of years |
80-IBA |
Deduction in respect of profits and gains from housing projects provided the project fulfils certain conditions. Conditions have been modified by the Finance (No. 2) Act, 2019 in respect of projects approved on or after 1.9.2019. The approval of the project now allowed till 31.03.2021 instead of 31.03.2020 |
Any assessee |
A deduction of an amount equal to 100% of the profits and gains derived from such business |
80-IE |
Special provisions in respect of certain undertakings in North Eastern States |
All assessees deriving income from eligible undertaking in any North Eastern States |
100% of the profit for 10 consecutive years |
80JJA |
Deduction in respect of profits and gains from business of collecting and processing of bio degradable waste |
All assessees |
100% of profit for 5 years |
80JJAA / Rule 19AB |
Deduction in respect of employment of new workmen |
All persons having a factory will be eligible for deduction |
30% of additional wages for 3 years |
80LA |
Deduction in respect of certain incomes of Offshore Banking Units and International Financial Services Centre |
Only Scheduled Banks owning offshore banking units in a special economic zone |
100% of income for first 5 years and 50% for next five years W.e.f. A.Y. 2020-21, the deduction shall be increased to 100% for any ten consecutive years. The assessee, at his option, may claim the said deduction for any ten consecutive assessment years out of fifteen years beginning with the year in which the necessary permission was obtained |
80M |
Deduction in respect of certain intercorporate dividends |
Domestic Company |
Amount equals to so much of the amount of income by way of dividend received from other domestic company as does not exceed the amount of dividend distributed by the receipient domestic company on or before the due date. |
80P |
Deduction in respect of income of co-operative societies. |
Co-operative societies |
100% of profit but in some cases amount is fixed |
80PA |
Deduction in respect of income of Farm Producer Companies |
Producer Companies |
100% of profit and gains attributable to eligible business |
80QQB |
Deduction in respect of royalty income, etc., of authors of certain books other than text books |
Individuals who are residents in India and are authors |
100% of such income
or
₹3,00,000
whichever is less |
80RRB |
Deduction in respect of royalty on patents |
Individual who is resident in India and is a patentee |
100% of such income
or
₹3,00,000
whichever is less |
80TTA |
Deduction in respect of interest on deposits in savings accounts |
Individual (other than senior citizen) and HUF |
Maximum ₹10,000 |
80TTB |
Deduction in respect of interest on deposits in case of senior citizens |
Senior citizen |
Maximum ₹50,000 |
80U/ Rule 11D |
Deduction in the case of a person with disability/severe disability |
Resident individuals |
₹75,000/ ₹1,25,000 |
