Section

80C K
CHART

Deduction
savings
For SHOWING

COMPUTATION

Claim
Whocan
HUFand
Individual

OF
7. 6.
DEDUCTIONS
5. 4 3. 2.
LIC Any ofAnyannuity
contract Any for to by Any ailmentan 1.
if
assured
1-4-2012, for or of hiApproved
major,
individual, s Life fund. Any If vidual If IfQualifying
Superannuation amount:
employee's him the an If
Own
under
amount amount amount his amount individual
deduction. 20% HUF
insurance amount
U.R.P.F, P.P.F.,
R.P.F.,S.P.F,
Govermment,
spouse
plan for defered a or maried
of or contribution
Unit amount shall
investeddeducted a Section inactual
mentioned sum spouse
Account [For [Govt., QualifytngcAmrunt
Linked salry defered paid ordeducted
referred
But qualify spouse contributed Does
UNDER
is assured, or or
Premium non
children.
toannuity premium
qualifying unmarried)or not or
under effect for
suffering if canGovt. LIC, to
by by to policy up qualify. children. P.F.
rance from
a annuity, in the whichever
to-actual
premium paidchildren,
(minoror paid by University,
be
SECTION
employer
persongroup clause or
or employees' employees) in
purpose
tomaking some paid, shall is employee the
issued to
Plan not keep whichever
80DDB. any assure
name
insurance
with (12). disability be is SBI,
(Govt) being of member
ULIP) provision
in 10% on less
UI
force securing salary or life towards of RBI 80
qualifies indi OUT
or
scheme out an or is of after of
etc.]
a less. sum
OF
uaifes
Fullyquaifies
Fully quaifies
Fully
qualifies
Fully qualifies.
FullyFully
qualifies. PeriodGROSS

TOTAL
less isacquired
ever policies
of onon paidActual deposited
lessis amount
?150,000
whichever Actual
less
W.e is Actual
orassured
deduction 142013] of orpremium
acquired
poicies
sumbcforeon paidActual
on or
20%
sum or
(10%
20% or
INCOME
Rate
assured,after premium
A AND salary
of w.e.

less
is
[15%
20%
1-4-2012)
which
PPF
in

or
2.562
 & Any amount invested in NSCVIH & DK issue Pally qualifies
9. Interest Accrued on NSC VIII issue purchased
earier is deemed to be reinvested
Fully qualifies
DEDUCTIONS
I0 Any amount deposited under NSS 1992. Fully qualifies
Fuily quaifies
l1. Any amount paid to LIC under Jeevan Dhara or
Jeevan Akshay plans.
under a Pally qualifies
12. Any amount deposited with mutual fund OUT
scheme of pension fund
Fully qualifies
nationalised bank
13. Any amount deposited with National OF
under home deposit scheme of
Housing Bank.
14 Any amount deposited with an authority
engaged
rural
Fully qualifies GROSSTOTAL
in housing development or town and
development. Fully qualifies
1s. Any amount deposited with housing finance
institutions.
16. Any amount invested in equity inked saving
scheme such as CanPep, MEP, Dhan 88,
Fully qualifies INCOME
Magnum, Tax shield, ELSS,
17. Any amount repaid under house building loan
Fully qualifies
taken from Govt., LIC, Bank, HDFC, HUDCO
or other housing finance institutions or employer
Not from fiends or relatives)
OR
Amount repaid as full price or installment of price
of bouse purchased from Govt. or an approved
agency shall qualify up to actual amount repaid
18. Any amount paid as tuition fees (excluding any Fully qualifies
payment towards any development fees) to any
school, college or university or other educational
institution situated in India, for the purpose of
full time education of any two children of the
individual.
19. Amount paid as subscription to equity shares or Fully qualifies
debentures of any eligible issue
20. Amount paid as subscription to any units of any Fully qualifies
mutual fund
21. A term or fixed deposits with a Schedule Bank Fully qualifies
for aduration of atleast 5 years
 Who can Clalm Qualifying Amount Perlod Rate 2.564
Sectlon Deductlon
22. Investment in Notified Bonds issued by NABARD Fully qualifies
23. Following deposits also qualify for 80C deduction :
() Five year time deposit in an account under
Post Office Time Deposit Rules 1981.
(i) Deposit in account under the Senior Citízens Toal qualifying savings
Saving Scheme Rules, 2004. or 150,000 w.e. is
less shall be allowed
as deduction ws 80C.
24. Amount deposited in Sukanya Samridhi Account
deposited in the name of a girl child of the
individual or in the name of any girl child for
whom such individual is the legal guardian.
25. Amount contributed by Central Govt. employee
to his National Pension System.
80CCC Pension Fund of Individual Any amount paid to LIC under pension fund Every year Actual amount paid
LIC or other set up u/s 10 (23AB) or ? 1,50,000 p.a.
Insurer which ever is less
Employees of Central Where an individual employed by Central Govt. on Every year Amount contributed by
State Govt., other or after 1-1-2004, or an individual employed by any employee or employer
employees or self other employer or other indi id al, amount (each) or 12% of salary
emplaygd individual contributed by employee and by employer towards whichever is less
National Pension Scheme
Non-employee individuals can contribute upto 20% of INCOME
their gross total income in National Pension Scheme
4. 80CCE Resriction The aggregate amount of deductions under section
80C, section 80CCC and section 80CCD(1) shall
not, in any case, exCeed 1,50,000
Grant of additional deduction ws 80CCD(1B) upto
TAX
50,000.
With effect from assessment year 2012-13, employer's LAWN
contribution in Pension Scheme (upto 109% of
employee's salary) shall not be considered for the AND
the ceiling of ? 1,50,000
Health Inurance, pre Individual & PRAGTC
Amount paid by any mode other than cash to GI.C. Every year Actual Amount paid
ventive health checkup HUF or other insurer for healthinsurance (Mediclaim) or 25,000 (Senlor
and eontributsn made tw This deduction is allowed in respect of any health
the Cenral Govt. Heath Clzen 50,000
insuranee premium, or preventive health check-up Whlehever ls e s
 Additiocal 23000
Sheme and sch other
ed hemmes (CGHS)
or any general medical expenditure incured on
senior ciùren.
In case of health insurance of parentparents, an
DEDUCTIONS
(for senior citizen
S0,000) for parent
parents In case of
additional deduction is also allowed In case of
preventive health check-up paymeat may be health check-up, upto
made in cash or in any other mode
5,000 shallbe allowed
within above limits
In case of a single premium health insurance policy OUT
covering more than one year, the deduction shall Medical expenditure
upto S0,000 for
be allowed on proportionate basis. OF
treatment of 'a very
senior citizen'.

sODD Medicals Handi do Any amount spent on trainìng, treatment or

GROSS
capped dependent (Resident) rehabilitation and making a deposit with
LIC. or U.TJunder a scheme to provide Every year 75,000 p.a. but
and depesit with
LIC or UTI annuity to a mentally retarded or physically for severe disability
125,000 p.a
TOTAL
handicapped dependent
Expenditure incurred on treatment of self, Every year (a) For non-senior
A. ADDB Expenses on Individual &
ctizen. 40,000 or
treatment HUF dependent member of family or on any
member of HUF who is suffering from a Actual Expenditure INCOME
notified disease. Enhanced deduction shall W.e. is less.
be allowed to senior-citizen for medical (b) For senior ciizen
treatment of specified diseases. 1,00,000, or actual
expenditure w.e. is
less.
Amount of deduction
to be reduced by
amount of insurance
claim received
w 80E Interest on loan taken Individual only Amount of interest paid against loan taken for for initial + Actual Amount of
for Studies his own, spouse and children's education. 7years interest paid
Loan must be taken from any financial institution
or approved institution.
9. 80EE Interest on loan taken Individual only Loan is sanctioned by a financial institution during
to acquire a residential financial year 2016-17. Loan amount should not Till repayment of Upto 50,000 p.a.
house by a first time exceed 35 lakhs. Value of property should not loan
buyer exceed 50 lakhs
10. 80EEA Payment of interest on Individuals only Loan sanctioned by financial institution between Every year Interest payable or
loan taken for some resi 1.4.2019-31.3.2022 {1,50,000, w.e. is
dential honse property less
11, 80EEB Payment of interest on 2.565
Individuals only Loan sanctioned by financial institution between Every year Interest payable or
loan taken to purchase 1.4.2019-31.3.2023 {1,50,000, w.e. is
an electric vehicle
less
Sectien Deduction Whe can Claim Prlod Rate
Qualiying Amount
Donettons to approved All asseSSees Donatton 0.A.
funds and institutlons A. No lmit donetlons
1, To P.M. National Relief Pund 100% 1006
2. To Africa Fund 100% 100%
3. To Armenia Barthquake Relief Pund 100%
4. To University or institution of National
Bminence (8O notified) 100%
3. To National Foundation for communal harmony 100% 100%
6. To the Chief Minister's Earthquake
Rollef Fund, Maharashtra 100% 1006
7. To Zila Saksharta Samiti 100%% 100%
8. To National Blood Transfusion Council or
State Blood Transfusion Council 100% 100%
9. To any fund set up by the State Govt. to
provide medical relief to poor 100% 100%
10. To Army Central welfare Fund, Indian Naval
Benovelont Fund or Air Force Central welfare Fund 100% 100%
11. To Nutional Illness Assistance Fund 100% 100%
12. To Andhra Chief Minister's Cyclors Relief Fund 100% 100%
13. To Chief Minister's Relief Fund or
Leiutenant Governor' s Relief Fund 100% 100%
14. National Sports Fund 100% 100%
15. National Cultural Fund 100% 100%
16. Technology Development and Application Fund 100% 100%
17. To National Defence Fund 100% 100%
18. Any fund set up by the State Government of
Gujarat exclusively for providing relief to the
victims of Earthquake in Gujarat 100% 100%
19. To the National Trust for Welfare of Persons with
Autism, Cerebral Palsy, Mental Retardation and
Multiple Disabilities 100% 100%
20. To National Children Fund 100% 100%
21. Swachh Bharat Kosh set up by Central Govt. 100% 100%
22. Clean Ganga Fund set up by Central Govt. 100% 100%
23. National Fund for Control of Drug Abuse 100% 100%
24. To P.M. National Drought Relief Fund
100% 50%
25. To Jawahar Lal Nehru Memorial Fund
100%
26. To Indira Gandhi Memorial Trust
100%
27. To Rajiv Gandhi Foundation 1009
 DEDUCTIONS
B. With limit donations
Actual total Out of QA
1. To State Govt. of i to 10 100% of
2. To Local Authority
or 10% of donation for
3. To Educational Institutions gross tax FP. + by a
4. To Charitable Institutions able income company to
5. To Sports Institutions whichever is LO.A and
6. To a corporation set up to
interests of minorities
protect the
less is QA. balance QA. OUT
7. To an authority constituted for
development of OF
housing and planning of cities and towns
8. To a place of art, public
importance (so notified)
worship or historical GROSS
9. To an institution or association engaged in
promotion of family planning in India
company,
10. Any sum paid by the assessee being a Indian
the
TOTAL
in the previous year as donations to
Olympic Association or any other association or
institution as notified by the Central Govermment
Ws 10(23) for
INCOME
() the development of infrastructure for sports
and games in India ; or
(i) the sponsorship of sports and games in India.
G. Tax. I= G.TIlong term capital gain + All
other deductions w/s 80 + Rebateable income, if any)
Rebatesble Incomne = Share of income from
AOP provided total income of such AOP
exceeds the exempted limit i.e., 2,50,000
and its income is not taxable at MMR.
Note. Donation if exceeds 2,000 then it may be
givea by any mode other than cash. Hence any donation
given in cash exceeding 2,000 shall not be allowed
as deduction.
Individuas He is living in rented house. He does not have Every year (a) 5,000 p.m.
boese ret a self occupied house any where in India and (b) Rent paid -10%
Certai He is not getting in that town on his oI name or on the name of Adj. G.TI
y. yHRA of any member of his family or HUF. (c) 25% of Adj. G.TJ
whichever is less
Al sach - ) Donation given to institution, or association Every year in Actual expenditure
ldeope engaged in scientific research and approved which such is fully allowed
bose wbo have fo he purpose. amount isiven.
 Period Rate 2.568
Senon Deectioa Who con Claim Oualifying Amount
wlentifk reseerch any income or () Donation given to institution or association
loss under the engaged in approved rural development
head Profits programme or conservation of natural
& Gains of resources or afforestation.
Business or (ii) Donation given to institution engaged in training
Profession. of persons for rural development programme.
(iv) any amount given to a Rural Development
Fund
() any amount given to fund for afforestation
(v) any amount given by assessee to a University,
College or other institution (so notified) for
research in social science or statistical research.
(vi) any amount paid by assessee to a public sector
company or a local authority or to an institution
or association approved by the
National Committee for carrying out any eligible
project or scheme.
(vii) Fund set up for eradication of poverty.
Note. Donation if exceeds R 2,000 then it may be
given by any mode other than cash. So, donation
given in cash exceeding 2,000 shall not qualify
for deduction under this section
Deduction for amount Indian company Any donation given to a political party. No deduction Every year 100% of donation.
given to a political party to be allowed if donation is given in cash.
or Electoral Trust. INCOME
16. 80GGC Deduction for amount Any person other Any donation given to a political party. No deduction
than local Autho- to be allowed if donation is given in cash.
Every year 100% of donation.
given to a political part
or Electoral Trust. rity or artificial
juridical person TAX
80-IA, 80-IAB, 80-LAC, 80-1B, 80-1BA, 80-1C, 80-ID and 80-IE- See text.
17. 80JJA Proits and LAW
gains of
All persons Profits from business of collecting, processing Every year in 100% of such
or treating of bio-waste to produce bio-gas which such
bio-waste pallets for fuel, generation of power. income AND
income is
18. 80JJAA Employment of All assessees included
Additional deduction allowed if new PAACTCE
employed for minimum period of 240employees
new employees are For 3 years 30% of additional
the year in a days during cost incurred
business covered ws 44AB and thus
new jobs are created. Total emoluments of these
 bry armalzamatitn.
in case appares, fotweer a4
ehex
NONTIONS
19. MA
Indian cheduled
indatry 130 ay%.
)Bankiz income frons Afshane
in specáal econorác Une
tankim unit OUT
oahore Bankhng nt &
Intermatonal Pnancdal
bank & IPK
OF
Centte (inchuding
(iiy Internatianal Pnancial Serhces
Sertces Centre
íncone arsing fron ranstex f ait ratt
leased by a unit f IFSC t a peronif
which was
he unút had
veaeM yes
GROss
commenced operations on o bedore 313-2024
Deductíon ín respect of Domestsc Dívidend received by a dornestic company frorm
anoher omestic cornpany o a foreign company
Every yea 1906 ivided
TOTAL
certain inter -corporate company
or a business trust.
dividends
before the due date. INCOME
21. 80P Income of cooperattve Coop. Profits of coop. society from
sodeties Society (a) Banking business
(b) Cotage indusury
(c) marketing of agricultural products
(d) agricultural inplements, seeds, livesock ec.
(e) processing 100% of uch
( collective disposal of labour Every year
(g) fishing and other allied actívitúes profits.
(h) business of supplying milk, fruits, oil seeds
or vegetables (We. from 1-4-88) to Govt., or
federal coop. society or a Govt. institution or
statutory corporation
Profits of a coop. Society from any oher Every year ?S0,000 (in case of
activity. consumet co-op. society
?100,000) are allowed
as deducion.
Income from interest or dividend fromn Every year 100% of such
income.
any other coop. society. 100% such Income.
Income from leting of godowns Every year
-do 100% of amount of
Income of a society from transport business and
interest on securities
manufacturing business with the aid of power
provided G.TI. does not exceed{ 20,000 or property income
 Seelen Deductlon Who can Claim Rate 2.570
Qualifying Amount Period
DeductBon to Farm Companies Subject to certain conditions, a deduction For 5 years from 100% of Profit
Producer Comopanles ahall be allowed to farm produce Financial Year
For detals-See Text companies 2018-19
Authors of books of Individuals Royalty from writing of certain books. Actual Royalty income
Artistk, sekentife or ? 3,00,000 we.
nature is less.
ORRB tentees Resident Royalty from developing patents. Actual Royalty income
Individual or 3,00,000 w.e.
is less.
WTTA Interest on deposBts in Individual Actual amount of interest
Interest on deposits in saving accounts with Every year
saving accounts and H.U.F. banks, co-operative banks, post offices earned or ? 10,000 p.a.
W.e. is less
oTTB Interest income from Senior citizens Every year ? 50.000 p.a. or interest
This deduction shall be allowed only to senior earned we. is less.
deposits beld by senior only citizens who have deposited their life long savings
cltens in Banks, Post Offices., Co-operative Banks and
earn interest income from such deposits. Assessees
getting deduction under this section will not be
eligible to get deduction u/s 8OTTA.
Medkcally Hand Resident If assessee is blind or medically handicapped Every year ?75,000 p.a. but in
capped or Mentally Individuals case of severe disability
and produces a medical certificate.
retarted assessees with disability {125,000.

Note : Deductions us 80LA to 80RRB shall be allowed only if income tax reurn is filed on or before the due date prescribed /s 139(1).
 party haN industrial
of (ov
of development
evnomy.
any any undertaking
profits
years, intrastructure
collular),
cte. (Simply thestated generating typc/ infrastructure
conditions
category
under
telecommunica
sector.
development.
operating
on sorvices distribution,
of
aleat of assessment or particular
(Simply
modernisation mentioned
power
the an
intastrucure
tcilitie, perventage or ParkGovt. prticular
to an basic power TheNe
o wkwevnomeporod
gmwth
an maintaining
and by anyfacility")internet C'entral
industrial engaged
in intrastructure
and
intrastructure derivedcoNOCuive (whether power lines. of a
yean, maintaining revival801A to on. anybusinesses
park
services,
industrial
centain stated and services]
for
Prolecta
80LA "ntrastructure the and
Distribution
ofpower. attached
for distribution section undertaking
sO to
jueviux are
the gains servicesan by and related
to services maintaining enovationor
lines
given
in
vanh a
of tor developing, equal notified reconstruction
INCOMES
GERTAIN
IN Intrastructure
falities of and stated or and telecomnunication are only not eligible
the busneNs
holiday aount
protit maintaining, satellite transmission underwhich undertakings
telecomnmunications or
in for develping
Recognising
coOmy.
esential
itdustrial for of stated
operating (SEZ)
substantial
Generation")
"Power
transmission to are
of
in business or attached which
him, utast1wture the tax any allowed engaged domestie Park)
stated
Industrial deduction
such categories
atknn
ix an [Simply operating z0ne for
hy in povides
husineNS includes
of and (b)
Generation
andnew category.
conditions
INCOME establishing
and
of developing, economic up are conditions
sector
engaged deduction the (a)
developing: Generation.
(a)
uwt be stated of (d)
Undertakesset
assessee shall on operating
undertakings facility.
paging,
Developing, LayingexistingUndertaking conditions 4
allowed
cae
in
conwiutm deduetion: Act,the claiming power
each the
OF
DEDUCTIONS Carying Providing[Simply as: those
TOTAL (954, undertakings radio, special example all
Sectlonvery Tax carrying of abusinesS;
RESPECT business,
(b) (c) (c)
plant. classified
to
forare facility,
These attached to
QROSS paty"
Act iN lncome income to given
These related
of tacilities
the
need fulfilled
for
People purpose such allowed
[80IA(4)
Business
Eligible For
Conditions.
be details
Conditions.
be xolitical totaleligible
DEDUCTIOdeutNWTustEltoral
OF
oUT Saio.dexution
shall
the
term n
under
Reprenet
andatDeduct
i
of
on
these
Rat
for theenterprises
iioonnale:
incentives
of
0(LA)
existence
etc.
facility
infrastructure
Provisions
Varlous
Gross
from
is
anyderived deduction
80lA(L)
(Section
(0]
(4)
()) (i)]
(4) (4)
(iv))
(4)
can
business.

be conditions
[Section
801A(4)
(v)]Conditions
to
conditions

eligible
aegory
of
Specific
in
discussed
are
but
business
Generali.e.
pori ed or
tax dCantion the nenterprise
undertaking 80IA 80IA or
Where :ICategory IIl:
Category III 80LA
Category IV:
Category
80IA Calegory
:V 801IA(4)
No The i ins The [Section These yonly;
eligible
and B-1.
The
(Section [Section (Section ) been(@)
section
1
have of
 31-3-05
1-4-97
to ZoneEconomic Special ()
31.3.11
1.4.2006
to parkindustrial ()
consective
years. 15first of maintaining
out years 10For 100% 100% operating
or Developing, 3.
years. first
15 ofout
consecutive
yearS next5 For
years. 15first 30% 30%
consective ofout 31.3.05
years fi5rst For cellular) or
basic(whether
years. 100% 100% 1.to
4.95 Telecommunication
services 2.
20first ofout years
consecutive
years 10For 31.3.2017 facilitiesinfrastructure
years. first
15
N.A 100% 1.4to
.95 other ofcase In(b)
consecutive
years
ofout 31.3.2017 port inland orway
water inland
10 For N.A 100% 1.4.95
to airport, port, ofcase In (a)
Others
Company facility
Infrastructure 1.
deduction deduction business of
Period ofCommencement
Rate
industries
Nature
of
the

highways, distribution
etc. generation powertelecommunication
infrastructural
facilities
like and
upseincentive
projects brides, airports,
NUTSHELL 80IA-IN SECTION t to
DEDUCTION an as .dedction
allowed is
2007). ActFi, nance UNDER
transferredin undertaki ngthe (Inserted
by 1.04.07.
(12A)]. whi
is ch enterprise after demerger
The 8OLA (Sec.Demerger Amalgamator io
orn any appl
oron amalgamation
y or scheme
of a
demerger. amal gamatio n to not shall 12 80IA section
provisionsS
of

amalgamation/dtaemerkes ger
during earned profits orCompany
end tothewards place the for
dat
of
Transferor e th e before endi
allowed n
Case deduction
of
g
to
and
in
April
1
Restriction
from
on
starting period
4.
the
previous or
thewhich ifeven that beshall
deduction year,
no
inyearprevious the Company
above thefrom is itThus
for Transferor place. takesdemerger
to
amalgamation
clear
orjon
No
Such no it as Uu
available shalldeduction
be amalgaiill
 pEDUCTIONSOLUT OF.
GRROSS TOTAL INCOME 2.539

The deduction
shall be allowed for three consecutive assessment years out of ten years
(9 fromthe
beginning year in which such eligible start-up is incorporated, at the option of the
to incorporation on or after 1-4-2016 but before 1-4-2023.
assessee, subject
deduction under the said section shall be available to an eligible start-up if the total
The business does not exceed 7100 crore in any of the previous years begining
turnover of its
in which it is incorporated.
from the year 801B]
(Section
Deduction for Setting up new Undertakings
from Industrial Undertakings etc. in certain
B4. deduction is in respect of profits and gains an assessee includes any profits and gains
This Where the gross total income of
(Section80 (TB)] of
cASeS business of an industrial undertaking, storage plant, prospecting and refiningand
scientific
project or a hotel or operation of a ship, or
derived from
any
development of a housing
Mnera/oil or
and development, or from multiplex theaters, or convention centers or hospitals
ressearch
industrial computing total income.
2seSseeshall be allowed a deduction while

Eligibility (3), (4) and (5)].

1Industrial Undertaking (80IB (2), conditions shall be eligible for this deduction :
undertaking which fulfils the following
Any industrial
formed by splitting up, or the reconstruction of it business already in existence;
la) It is not
business of machinery or plant previously used for
(b Itis not formed by the transfer to a new
India:
any purpose in article not included in 11th schedule. This
provision is
(c) It is producing or manufacturing an
undertakings;
not applicable for a small-scale
to be set up :
(d Period during which an undertaking has storage plant
things or articles or to operate cold
() It begins to produce or manufacture
31.3.95.
at any time between 1.4.91 to schedule
notified backward states as notified in 8th
(i) Industrial undertaking set up in other
during 1.4.93 to 31.3.2004. 1.10.94
notified backward districts as notified during
(iü) Industrial undertaking set up in
to 31.3.2004.
two categories :
Notified backward areas have been divided into
A. Category districts.
B. Category districts.
in October, 1997.
List of these districts has been notified
undertaking set up during 1.4.91 to 31.3.2002 provided it is in small scale
(iv) Industrial
sector.
cold chain facility for agricultural produce
(v) Industrial undertaking set up and operating
during 1-4-99 to 31-3-2004. 1.4.1993 to
Industrial undertaking is set up in state of Jammu and Kashmir during industrial
() shall be allowed to an
31.3.2012. No deduction under this sub-section
which is engaged in the manufacture
undertaking in the State of Jammu and Kashmir
production of any article or thing specified in Part C of the Thirteenth Schedule:
or
) Any other industrial undertaking, which
had been set up during 14.91 to 31.3.95.
it employs ten or more workers if power
ase, it is carrying on a manufacturing process, power is not used.
used or employs twenty or more workers if allowance under section 33B,
rehabilitation
u case, a unit is re-established and claims
COndition given at (b) above shall not be applicable.
 100% For 10
2.538
Generation or
generation and
14.1993 to
31.3.17
100%
of first l5
COnsecuve
For 10 years, yea
4a) distribution of power
Laying of
(b) undertakes
transmission
new distribution or
lines for power
substantial renovation
1.4.1999 to
31.3.17
of first 1S
cOnsyears,ecutkve
ve

existing
modernisation of the lines.
and distribution 100%
transmission or 1.4.2004 to
substantial renova 31.3.2017
(c) Undertakes modermisation of
tion and transmis
existing network oflines. For 10
sionor distribution
owned by an
5. An undertaking and set up
Upto 31.3.11 100%
consefcutirstiv15e pprreevi
years out of
years.
Indian Company
or revival
for reconstruction
of power generating
plant
developers of Speclal Economic Zones [Section 801AB]
Deduction to
B-2. With effect from assessment year 2006-07this new deduction has been introduced. Previou
deduction could be claimed only under section 8OIA but now it is allowed under section 800LAB.

() Eligibility
shall be allowed only if following conditions are fulfilled :
Thus deduction undertaking who are engaged in the business of
deduction is available only to those
(a) This
developing Special Economic Zones;
The Special Economic Zone is notified on after 1-4-2005 but before 1-4-2017 to.t
(b) income from Special Economic Zones
which is
(c) The undertaking must have some of Business or Profession".
under the head "Profits and gains
(d) The accounts of undertaking must be audited.
notified.
(e) It must fulfill any other condition which may be
(in Rate of deduction
n
This deduction is allowed @ 100% of profits from Special Economic Zones as are included
the GTI of such undertakings.
(üi) Period of deduction
The undertaking can claim this deduction for a total period of 10 consecutive assesmet year
out of first 15 assessment years beginning with the year in which such Special Economic Zone i
notified at the convenience of the assessee.
(iv) Deduction in case of transfer of Special Economic Zone
Where an undertaking, being a developer who develops a 'Special Economic Zone' on or ate
1.4.05, transfers the operation and maintenance of such Special Economic Zone' to another Developer.
the deduction under this section shall be allowed to such transfer Developer for the remaining pen
in the ten consecutive assessment years as if the operation and maintenance were not so transfemd
to the transferee developer.
(y Other Conditions
The conditions which are prescribed under section 801A (5) and 80IA (7) to 801A (12), for claim
of deduction shall remain applicable under this
section also.
B-3. Grant of deduction to eligible start ups (company or LLP) from spectied
business. [lnsertion of profitssection
Adeduction of 100% of thenew 80-IAC]
and gains shall be allowed to an eligible start-up from!
business involving innovation, development, deployment or commercialisation of new producs
processes or services drivea by technology or
intellectual property.
 80-IBA(1A)} from
Ist for housing deemed
respectis which otherthe a carried Stateschemeplot
2.545 in has
yearsyears years the eligible project obtained of
after years and3% which a the
5 in be on project such metres 2000
1000
square square
metres
5 5 the or
firstnext first 80-IBA(1)}.authorityin five approval housing
shait
date
shops
exceed of

For For For projects (Section be unit is Government

land and
size
shall of the whole housing Minimum
project not buildings
2022. period
residential the
such be the of
competent
1-4-2019, to a
shouldplot
housing [Section
project Where of
housing as of a
100% 100% 25%
100%
March 2020-21]. a plan taken project area to Central
existing
within a
a
projectof apply Mumbai
twenty-five
once.buildingbe
housing theof afterof
projects such carpet size cities.
approved value completed shallhousing
by day than
authority. housing nottheof
100% 100% 100% A.Y. once, the by redevelopment or
30% approved or the project The shall
of these
Kolkata
housing
rental 31st duty more which such on
project. framed project
on [W.e.f. than : the is condition aerially,
the stampis competent authority.
approved housing etc.
of
INCOME before com buildingAll. building building
:(h)] project obtained
moreon of in project
housing behalf. Delhi, limits
housingmeasured
between
31.3.2008 bypletedyears.
to1.4.98com31.3.2008 31.3.2013 80-IBA(1)]. isproject before lakh.
the date
authority.
respect shopsincluded scheme
approved
be be onwards
1.4.2001 to obtained or municipal
must must4 80-IBA(2)(a) if, The competent
of The this Chennai,
This reconstruction
or project45 projectthe completionof the
TOTALapproved otherwise
within
and andand Theon section the in competent establishments a in
the
1.4.2004
Project to developing: but exceed
developing :Project on
by is approved certificate
: acre.
area of Plot with Board of distance,
pleted 1.4.08 developing (Section Projecthousing housing
projectthe area one
of
Location the place
develop-|If this approval cities from
GROSS 2022-23]
A.Y.
[w.e.f.
[Section
2016,
by of the
carpet of accordance the other
projectexceed not carpet of the
busiintehngrat
eessed anythan business.
Eligible
2. under date for

DEDUCTIONS whose of completion

housingapproved Size the kilometers
engaged assessee of
s4. in and of been area
ft. food
oftransportation
orpoultryhospital IBA]
80
(Section of June, a doesCompletion
within
OF
OUT and Cohousi
unist fU1, 500 storage other
nstruecstniodgnential Undertahandlking ing prdaioductrys. Undertaking of
Business
Business
Approval
Conditions However,
deduction
project
of
date
Approval
have
The
trom commercial
Maximum Minimum
aggregate
minimum
by
Government
notified
Wihin
or
any

Note. writing
At
not India Eligible of
day
the
first in ()|
meat, of area excluded the of to the out (#)
docs
ofment 1.000 sq. up
grains,Settinwhere
ing ()(GiD (a)
is
(b) (c) (a)
of area 1. 3.
of
rv V. B-5.
2.547 has or or undertakes
which
manufacture during
Thirteenth or scheme
the anyIndustrial
Development
Infrastructure commencing
Sikkim. anyIndustrial
or schemeHimachalcommencing
per assessment
in ndustrial
or scheme
article Park Park North commencingtheschedule,
or or expansion,
which in commencing
of commencing
centyears.
in in 2007, Park any commencing
(thirty in Schedule2007, State
2007,Technology
theof 2012 Technology per in
the the
Technology
the specified
any or or of April assessment
5 2007,
to the
expansion
April
Centre withstateyears April, with or
of
April, in (thirty
Centre State cent5 Centre with
in being
begins years next
any years
substantial
Fourteenth years
2012
year
specified day accordance
the accordance of April years
not of
in
assessment
of the per
assessment day accordance thing, of
April cent.
or substantial Software Development
Software for Development in assessment day assessment assessment assessment
begunthing, lst regard, day in five gains lst Softwareregard, or that for of
next
the regard, undertakes
lst day per day
thing in lst twenty the article
in the
or or Board in
thisten the or Board five and beforeor in this ten the lst five Ist
before specified
in gains
five
article Park
in
for before Park this
Infrastructure for profits
Board
Infrastructure
Park any specified beforeten the twentythe ten
article thereafter, in for for beforefor
endingIndustrìal gains
theGovernment thein gains
Individual ending Government
or
produce schedule before for and
enterprise
801C(2)) any Govenment the
Industrial gains
operation ending gains gains gains
by and ending by the thereafter,
profits
anyproduces
and and by Uttranchal. ending
notified notified of and and thing and endingand and
beingSchedule andIntegrated profits notified or
2002. or and Integrated profits
and company) Integrated profits and
or
[Section
INCOME
Estate Central
or Uttarakhand. 1997, or manufacture
any or
that
commences
profits profits theand profits
undertaking is such 2003 Estate Central year Estate Central 2002 and and of
notor
manufacturesDecember, Park, year.
as
Park,
such
December
is
Park, suchyear.
in
article
specified such of such
1997
company)such
thing, Thirteenth or Industrial or December 2003
year. year year.
TOTAL deduction theofl100% or Industrial
January,
assessment the 100% of assessment
a ZoneIndustrial
the of
State
December
Zone Theme Zone theme is to any of of States.
of:
assessment assessment
GROSS article
anyor
of Processing
by
notified
byof assessee
Statededuction. of
Theme 100%
Processing by
assessment
begins produces
:
beginning 100% January
assessment
the100% 100%
appliewhis ch begìperniniodng
to the day or of
deduction,
of Processing
day orCentre
or notified notified
deduction.Schedule
or
operation
Fourtecnth of Sikkim or a
is Eastern
specified Industrial
MOUCIONESlgibYy.
of any in 23rd Centre Area or or deduction.
ofRate of Pradeshdeduction.
initial Area the initial the day Centre Area States. or day where
the of Rate
assessee of
deduction.
OF ratesetion and Eastern initial day day
OUT and protSchedul
uce e, Export begun or anyperiod initial initial
or 7th andor where 24thExport and 23rdof initial
the Growthamed of the theEenort Industrial
Pradesh Industrial 7th North
Crowthfrmed of the the Growthframedof thehas Inanufactures State the Himachal
24th
commences the
This thing On with On Retewithcent years. any
On Rate the the the or thethe
the

r
() (i) i)
with
Which On
during the with On KateWin
On of
With
A. ) ) (iii)
B.
 the used notHowever.
2.549
Deduction
of
Perod
yearsyeTS ssessment
years
years havingany a in of and
result
aiready
ofin during the cCunstances has
assessnent specified
ssessment
assessment India centre irespective 80D(2)} (Le.,
previously
the business
in fulfill district all etc. on The a
ending as business
in its convention to im starts ime
31.7.20I0,to starts 8OD3))}.business
hotels held
and I42007 formed [Section
l0 05 05 i0 Pirst
to Dehi available :Section
parmershup buitingeligibie
S0CN¯TSHELL
Fist First
Pirst
be
specified
andertakings or any or and
hotels area strted started the
a iertakingBuilding oher
of in at
centres to
Busínessof games
in on constructed
during 2008 ot m
rRcOnsTcion The y
centres Specified
aoperating
the is Centres ending bas (Section uncertng
2
of
number proprietor,.
eiucion has April
25%
cOmmonwealth in and (~eand
tor Coaventie
busNESSD3n
convenúon
convetíon beatedall and
Hotek/Convention constucted
oe
31.7201IO Basiness an uset
from adequate the to arezs is day
L42007cente of suct
in
and avilable
he SOle Ist ESpect aew previDusly
SECTIONCompay specified he
gans ownghotel words,
hotes of and chiery
prorideofnunber Le on is the eitngg
coaveaúon
od or buses
On
he 1D21
of of ofbusessis sECIO beginning entngon m naocy Hote-Bajding
tratser attery
andand for deducáon
ofer n
OASrctd bezinning spiing
NC ENbER busiess
busness fofed: Sch
f
proft t) wKhe of 3B
Ocios
in and
TOTAL Site is mIESE(Secton n DO-OOTZ of Contruction/Conencement
GrgsaioL period 142T Sachd Ste reconstrctios
t ewz the
pastad
DEUCTON dedutos Be tie Se Te period e ta
Hitae by
OFGROSS of Hertage
respet To
te
in in is
undertakángs
engged be botels Centres
31.7.2010).
JA.2007
to condtáon
or
fored piant
requirenet enggd
eggd undetaking
World I to the the b re-coRStructáon

DEDUTIOMS
OUT
ki

in
BIDareaWorld
educt801D)(Secionion
thÍs iú)
an4
ofsbiesive ares
speifed
2010),
area
Se.
Hertage
Specified seiT
conditions
business
undestakings Corpore tie
undertaking
undetaking
Sch
Hotelk.
on
uring Conmention Word
beginong
at tine
2013. fomed speced
during
March
or
up been
hás
f
se DOA Se
f od

on S COVetacs
Kestictin o
28 buunesstctioe
of
transfer
Speife hotel Split Howeve,
mdtion Eizible f of
Form ay period aryof not 16-ESbhshmest.perod
áp foro For For For day by
The pthi in at a has
b) tEsst2.
thgtbje srned
L à (i) (iú) 2. seific 3. (a) ij
whether (äy i) te )
wittus
2.554 INCOME TAX L
LAW AND
"Initial ASsessment year means
Meaning of Initial Assessment Year
(D In the case of a hotel, means the assessment year relevant to the
the business of the hotel starts functioning. previous
PRACTE
iD In the case. of the convention centre, means the
assessment
year relevant
year in which the convention centre starts operating on commercial 1o
basi s. he
7. Not withstanding anything contained in this Act. No deduction
shall be
previo
undertaking under this section, where the total period of deduction inclusive of the allowed
(4)periodof
under the section or under section 801C or under the second proviso to of
or under section 801C or as the case may be, exceeds ten assessment sub-section

B-9. Deduction in respect of Profits and gains from business of secçon 8o%
years.
de ucisa
processing of bio-degradable waste : (Section 80JJAJ
1. Eligible business. Collection and processing or treating of biodegradable
power or producing bio-fertilisers, bio-pesticides or making pellets or waste for
col ecting ang
manure. briquettes
2. Form of organisation. The deduction is available to all Industrial
for full of
generaling
organic
whether in corportate sector or Non-corporate sector i.e., sole undertakings/EEnterprises
3. Rate of deduction or quantum of deduction. 100% ofproprietor, partnership firm ete
Profits and gains from
as included in groSs total income.
4. Period of deduction. The deduction is
such busines
available for a
assessment year relevant to the previous year in which such period of five years beginning mis
business commences.
B-10. Deduction in respect of employment of new or
80 JJAAJ) additional employees (Sectinn
1. Eligible Business: Any
2. Eligible assessee : Any assessee
get his/its accounts audited u/s 44AB (Individual, H.U.F., Firm, Company etc.) who is required th
3. Conditions to be satisfied:
(a) Nosplit up or reconstruction or
Amalgamation
not been formed by splitting up or (Section
the reconstruction of a80JJAA(2)]. The undertaking has
business
amalgamation with another undertaking. However, this condition shallalready in existence or
of an undertaking formed as a not apply in respect
business of such undertaking, result
in the
of the
re-establishment, reconstruction or revival of the
section 33B. circumstances and within the period as specified in
(b) No acquisition of business by
have been acquired through way of business re-organisation. The business should not
organisation. transfer from any other person or as a
result of business re
(c) Employment of
additional employeelemplyear.
oyees.ForThethisbusiness must employ additonal
empl
meansoyeel employeeswhoduring
an employee the previous
has been purpose, "additional
has the effect of increasing the employed during the previous year and whose employe
the last day of the total number of employees employme
preceding year. The following employed by the employer
respect :
(i) The total conditions must be fulfilled inasnso
(ii) The entireemoluments of such an additional
employee must not exceed 25,000 p.m.
contribution in respect of such employee
under the Employees'
Provident Fund and Pension Scheme notified in is not paid with by the Government
(iil) Such an Miscellaneous accordance the Employees'
additional Provisions Act, 1952.
the previous
year.employee
However,
must be employed for a
period of 240 days or more during
manufacturing apparel,
employed for 150 days orfootwear
in case of an
and assessee engaged in the business beof
more duringleather indutry,
the previous an additional employee
must
year.