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Section 80 Deduction Table
Section 80 Deduction Table
Section 80 Deduction Table
Gross Total Income (GTI) means the aggregate of income computed under each head as per
provisions of the Act. GTI is computed after giving effect to the provisions for clubbing of
incomes and set off of losses, but before making any deductions under Chapter VIA of the
Act. In order to compute ‘Total Income or Net Total Income’, deductions under Chapter VIA
are considered and adjusted from GTI. The aggregate amount of deductions under Chapter
VIA cannot exceed GTI of the assesse. For the purpose of calculating Income Tax Total
Income will be considered.
80CCD(2) Contribution by employer in pension scheme notified by the Government Max 10% of salary.
For self, spouce and children ( any one age < 60 yrs ) Rs. 25,000
80D For Parents - Father or mother or both (any one age < 60 yrs) Rs. 25,000
For self, spouce and children ( any one age > 60 yrs ) Rs. 30,000
For Parents - Father or mother or both (any one age > 60 yrs) Rs. 30,000
Deduction in respect of maintenance including medical treatment of Rs. 1 lac - severe diability
80DD
dependent who is a person with disability. Rs. 50,000 - others
80GG House Rent ( for self employed and emp. Who have not recived HRA ) Rs. 60,000