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Income Tax Deductions under section 80C to 80U (https://taxguru.in/income-

tax/income-tax-deductions-section-80c-80u.html)

 ARUSHI MITTAL (https://taxguru.in/author/arushim/) |

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12 Aug 2018 (https://taxguru.in/2018/08/12/)
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9 comments (https://taxguru.in/income-tax/income-tax-deductions-section-80c-
80u.html#pcomments)
Deductions are the exemptions on the amount
taxable as per Income Tax Act. They are the
Ambience Creacions Investments made by the persons for them, their
Apartments Family & their parents.

Article explains Income Tax Deduction Available to

Book Your Dream Home In Individual and HUF under Section 80C
Ambience Creacions Gurgaon
With Modern Feature & Best… (https://taxguru.in/income-tax/insurance-premium-
exceeding-20-of-sum-assured-is-ot-
allowable.html), Section 80CCG
Ambience Creacions
(https://taxguru.in/income-tax/section-80ccg-
deduction-discontinued-from-a-y-2018-19.html), Section 80D (https://taxguru.in/income-
tax/section-80d-deduction-premium-paid-medical-insurance.html), Section 80DD
(https://taxguru.in/income-tax/deduction-us-80dd-in-respect-of-expenses-incurred-on-
maintenance-medical-treatment-of-a-disabled-dependant.html), Section 80DDB
(https://taxguru.in/income-tax/deduction-section-80ddb-reduce-insurance-claim-recd-
expense-amount.html), Section 80E (https://taxguru.in/income-tax/section-80e-income-tax-
act-1961.html),Section 80EE (https://taxguru.in/income-tax/section-80ee-income-tax-benefit-
home-loan-interest.html), Section 80G (https://taxguru.in/income-tax/all-about-deduction-
under-section-80g-of-the-income-tax-act-1961-for-donation.html), Section 80GG
(https://taxguru.in/income-tax/whats-house-rent-allowance-deduction-80gg.html), Section
80GGB (https://taxguru.in/income-tax/contribution-cash-deduction-80ggb-80ggc.html),
Section 80RRB, Section 80TTA (https://taxguru.in/income-tax/80tta-deduction-respect-
interest-deposits-savings-account.html), Section 80TTB (https://taxguru.in/income-
tax/section-80ttb-rs-50000-deduction-on-interest-income-to-senior-citizen.html) and
Section 80U (https://taxguru.in/income-tax/section-80hh-section-80u-chapter-independent-
governed-provisions-section-80a-read-section-80b5-act.html) of Income Tax Act, 1961.

Deduction Under Sections 80C to 80U

Section For Maximum Investment

Deduction
Allowed
Section 80C Self, Spouse, Children 150000 Fixed Deposits
(having Lock in
period of 5 year),
Public Provident
Fund (having lock in
period of 15 years,
but can be further
extended by 5 year,
Partial withdrawal is
allowed after 7 year),
Employee
Provident Fund
(Can be withdrawal
2 month after leaving
of job otherwise after
continuous service
of 5 year or after
retirement), National
Pension System
(Partial withdrawal is
allowed after 15
year, Employer
Contribution is tax
free), Unit Linked
Insurance Plan
(Investment,
Withdrawal &
Maturity amount is
Tax Free), Sukanya
Samriddhi Yojna
(A/c open in the
name of a girl child
before she attain the
age of 10 years,
Partial amount can
be withdrawn after
she reaches the age
of 18 years,
Investment,
Withdrawal &
maturity amount are
tax free), Life
Insurance Policy
(deduction is valid
only if premium paid
is less than 10% of
sum assured),
Tuition Fees
 (Deduction is
available only for 2
children whether it is
in school, college,
university etc),
Repayment of
Home Loan (For
Construction a
residential property,
Deduction is
available on stamp
duty, registration
fees, & transfer
Expenses)

Section 80CCG Self 50% on Their gross total

investment Income Does not
exceed 12 lakh per
annum & First time
Investment in Equity
Share Deduction
Allowed 50% of the
investment & It is
compulsory share
are listed In CNX100
OR BSE 100.

Section 80D Self, Spouse, Children 25000 FOR SELF Deduction for
(https://taxguru.in/income- Parents ,SPOUSE, & Medical Insurance of
tax/all-about-deduction- CHILDREN self, spouse,
us-80d-for-mediclaim- ADDITIONAL children & parents.
premium-available-to- 25000 FOR
individual-huf-and-senior- PARENTS IF
citizens.html)
THEY ARE LESS
THAN 60 YEARS
AND 30000 IF
THEY ARE
MORE THAN 60
YEARS.
Maximum
deduction allowed
is Rs. 100000
Section 80DD Individual or HUF (self,
spouse, children & parents)
75000 or 125000 Deduction is allowed
for rehabilitation of
Handicapped
Dependent Relative
(Where Disability is
40% or more but
less than 80% than
fixed deduction
allowed is Rs 75000
& where disability is
80% or more than
deduction allowed is
Rs. 125000.

Section 80DDB Individual, Spouse, Parents & 60000 OR 80000 Deduction for
Childrens Medical Treatment
for seniors for
specified diseases (If
Person is up to 80
years than deduction
allowed is Rs. 60000
& if person is above
80years than
deduction allowed is
Rs 80000) with
regards to the
expense.

Section 80E Self, Spouse, Children No Restriction Deduction is

available for Interest
on Education Loan
for Higher Studies.
Deduction is
available for
maximum 8 years
beginning from when
the interest start
getting repaid or till
the entire interest is
repaid whichever is
earlier

Section 80EE Self 50000 per Deduction for

financial year Interest on Home
Loan (towards first
house property
Section 80G Individual or HUF 100% or 50% Deduction allowed
for Donation towards
Social Causes There
are Different way to
calculate deduction
of Donation
according to the list
as specified.

Section 80GG Self a. Rent paid Deduction is

minus 10% of available only when
adjusted total a person pay the
income rent but he did not
b. Rs 5,000/- per received any HRA
month
c. 25% of
adjusted total
income*
Adjusted Total
Income: Income
after adjusting all
deductions,
exempt income,
long term capital
gain & income
relating to Non
resident & foreign
companies

Section 80GGB Companies 100% Deduction allowed

on contribution made
by the companies to
political party by any
ways other than
cash

Section 80RRB Individual 300000 Deduction is allowed

to the individual for
the royalty received
by him on patents.
Deduction is allowed
Income received of
royalty or 300000
whichever is less.
Section 80TTA Self & HUF 10000 Saving Bank Interest
(Deduction allowed
is Bank Interest or
10,000 Whichever is
less)

Section 80TTB Senior Citizens 50000 Deduction allowed to

the senior citizens
from the specified
Income
1. Interest on Bank
Deposits
2. Interest on post
office Deposits
3. Interest
on deposits held in
co-operative society
engaged in the
business of banking
including co-
operative land
mortgage bank or a
co-operative land
development bank. If
Senior Citizen take
the benefit of
Deduction u/s 80TTA
then, the person is
not allowed for the
deduction allowed
u/s 80TTB. A senior
citizen can opt only
one deduction.
 Section 80U Individual 75000 or 125000 Deduction allowed
for the person
suffering from
physical disability (If
a person suffered
from some small
physical diseases
like blindness or
mental retardation
than deduction
allowed is Rs 75000
& if a person
suffered from some
severe disability than
125000 is allowed.)

Hope the information will assist you in your Professional endeavours. In case of any query /
information, please do not hesitate to write back to us at arushireach@gmail.com.

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 9 Comments
SUBIR GUPTA says:

I AM A SENIOR CITIZEN AND DEPOSITED MONEY ON POST OFFICE SENIOR CITIZEN SAVING
SCHEME. HOW TO CLAIM DEDUCTION UNDER SECTION 80TTB.

Reply (https://taxguru.in/income-tax/income-tax-deductions-section-80c-80u.html/?replytocom=154925#respond)

 May 30, 2020 at 9:03 am (https://taxguru.in/income-tax/income-tax-deductions-section-80c-

80u.html/#comment-154925)

financialcontrol says:

Complete package 🙂
Reply (https://taxguru.in/income-tax/income-tax-deductions-section-80c-80u.html/?replytocom=121909#respond)

 August 24, 2018 at 3:33 pm (https://taxguru.in/income-tax/income-tax-deductions-section-80c-

80u.html/#comment-121909)

CA. shailendra jain says:

Good article

Reply (https://taxguru.in/income-tax/income-tax-deductions-section-80c-80u.html/?replytocom=121753#respond)

 August 21, 2018 at 11:48 pm (https://taxguru.in/income-tax/income-tax-deductions-section-80c-

80u.html/#comment-121753)
OP Agrawal says:

its look like for more for assessee not for prof. as too much missing on 80 C part Like Premium for
children and premium by HUF of its members etc.

Reply (https://taxguru.in/income-tax/income-tax-deductions-section-80c-80u.html/?replytocom=121247#respond)

 August 13, 2018 at 12:11 pm (https://taxguru.in/income-tax/income-tax-deductions-section-80c-

80u.html/#comment-121247)

Akhil Kumar says:

Please correct the deduction under section 80 D for Senior Citizen as it is not 50,000.
Please correct me if i am wrong.

Reply (https://taxguru.in/income-tax/income-tax-deductions-section-80c-80u.html/?replytocom=121239#respond)

 August 13, 2018 at 11:13 am (https://taxguru.in/income-tax/income-tax-deductions-section-80c-

80u.html/#comment-121239)

SUBRAM says:

Why is ELSS missing in the list of deductions under 80-C? I presume that purchase of Units under
ELSS continue to be eligible for deduction under sec 80 C.

Reply (https://taxguru.in/income-tax/income-tax-deductions-section-80c-80u.html/?replytocom=121214#respond)

 August 12, 2018 at 7:03 pm (https://taxguru.in/income-tax/income-tax-deductions-section-80c-

80u.html/#comment-121214)

V. Srinivasan says:

Under sec 80 TTB the deduction allowed is 50,000 and not 5,00,000 as mentioned above.

Reply (https://taxguru.in/income-tax/income-tax-deductions-section-80c-80u.html/?replytocom=121202#respond)

 August 12, 2018 at 3:02 pm (https://taxguru.in/income-tax/income-tax-deductions-section-80c-

80u.html/#comment-121202)
 Satish Tikekar says:

Very informative article. However, sec.80 TTB needs more clarification on specified amount of interest!
Similarly sec dealing with preventive medical check-up is not there.

Reply (https://taxguru.in/income-tax/income-tax-deductions-section-80c-80u.html/?replytocom=121194#respond)

 August 12, 2018 at 12:32 pm (https://taxguru.in/income-tax/income-tax-deductions-section-80c-

80u.html/#comment-121194)

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