DEDUCTION UNDER CHAPTER VI-A IN RESPECT OF 'PAYMENTS' |
Section |
Nature of Payment |
Who can Claim |
|
LIfe Insurance Premia, Provident Fund Contribution (Maximum : Rs. 1,50,000) |
Individuals |
|
Pension Fund [ Maximum : Rs. 1,50,000 |
Individuals |
|
Deduction available in respect of Employee’s / Assessee’s Contribution to National Pension Scheme (NPS) [Section 80CCD(1)] |
Individuals |
|
|
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 |
|
Deduction available in respect of Eemployer’s Contribution to National Pension Scheme (NPS) [Section 80CCD(2)] |
Employees |
 |
|
Deduction in respect of Health or Medical Insurance Premium |
Individual/HUF |
|
Deduction in respect of Maintenance Including Medical Treatment of a Dependent who is a Person with Disability |
Resident Individual/ Resident HUF |
|
Deduction in respect of Medical Treatment , etc. |
Resident Individual/ Resident HUF |
|
Payment of interest of Loan taken for higher studies |
Individual |
|
Deduction in respect of Interest on Loan taken for Residential House Property |
Individual |
|
Deduction in respect of Donations to certain Funds, Charitable Institutions , etc. [Section 80G] |
All Assessee |
|
Deduction in respect of Rents Paid [Section 80GG] |
Individual |
|
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' |
|
Contribution to Political Parties |
|
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