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You are here: Home Deductions Deduction u/s 80C, 80CCC, 80CCD, 80CCE, 80D, 80DD, 80DDB, 80E, 80G etc.

Deduction u/s 80C, 80CCC, 80CCD, 80CCE, 80D, 80DD, 80DDB, 80E, 80G etc.
The following Table all about deduction from income under all section 80A/AB/AC, 80c,80CCC, 80CCD, 80CCE, 80D,80DD, 80DDB, 80E, 80G, 80GG, 80GGA, 80GGB, 80GGC, 80-IA, 80IAB,80IB, 80IC, 80ID, 80IE, 80JJA, 80JJAA, 80LA, 80P, 80QQB, 80RRB, 80U. One can easily find the provision of any above deduction like for whom the particular deduction is allowed and for what quantum of deduction is allowed. 80DDB Quantum of deduction Sections Particulars Assessee to whom allowed

80A/AB/AC Basic rules of deductions NA NA 80C Deduction in respect of Individual or HUF Max. R1,00.000 . s . life insurance premia. deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, a term deposit for a fixed period of not less than 5 years with a scheduled bank, bonds issued by NABARD, Post Office 5 year Time Deposit, Senior Citizen Savings Scheme etc. 80CCC Deduction in respect of Only individuals Max. R1,00,000 s . contribution to certain

contribution to certain
pension funds

80CCD

Deduction in respect of contribution to new

pension sc heme

Central Government or any other employee. From assessment year 2009-10 benefit extended to selfemployed persons also

Employers and employees contribution subject to maximum of 10% of salary

80CCE

80D

Limit of deduction u/ss. Individual or HUF Max. R1,00,000 s . 80C, 80CCC and 80CCD Deduction in respect of Individual or HUF In case of individuals medical insurance premia whether resident or non-resident (/) For individual himself, spouse and dependent children R15,00 s . (//) For parents of the individual, whether dependent or not R15,000 s . In case of HUF R15,000 s .

Note.Addl. R5,000 if any s . of the above person insured is a senior citizen

Sections

Particulars

Assessee to whom allowed

Quantum of deduction

80DD/ Rule Deduction in respect of 11A maintenance including medical treatment of person with physical disability

Individual or HUF R50,000 R75,000 s . s . resident in India: Increased to R1,00,000 s . with W.e.f. A.Y. 2010-11 disability with severe disability

Deduction in respect of 80DDB/ medical treatment, etc. Rule HDD

Individual or HUF R40,000 Addl. R20.000 s . s . resident in India For senior citizen

For senior citizen Deduction for interest Individual whether Actual amount paid paid on loan taken for resident or not pursuing his higher education or for the purpose of higher education of his relative. W.e.f. A.Y. 2010-11 meaning of higher education has been enlarged to cover all post schooling courses Relative means the spouse and children of the individual. (a) 100% or 50% of 80G/Rules Deduction in respect of All assessees donations to certain eligible UAA& funds, charitable donations, without applying institutions, etc. 18AAA qualifying limit in certain cases (b) 100% or 50% of eligible donations, after applying Qualifying limit of 10% of adjusted GTI. 80GG and Deductions in respect of Individual only Maximum R2,000 p.m. s . Rule 1 IB rent paid 80GGA Deduction in respect of Ail assessees not 100% of sum donated having business certain donations for scientific research or rural income. development , etc. 80GGB Deduction in respect of Indian companies 100% of sum contributed contribution to political parties. W..e.f. A.Y. 2010-11, contribution to Electoral Trust also eligible for deduction. 80E

80GGC

Deduction in respect of contribution to political parties. W.e.f. A.Y. 2010-11, contribution to Electoral Trust also eligible for deduction

All assessees (except local authority and artificial judicial person)

100% of sum contributed

Sections

Particulars

Assessee to whom Quantum of deduction allowed Industrial 100% of profits for 10 undertaking or consecutive assessment enterprises engaged years in all cases except in in infrastructure case of telecommunication development, etc. where it shall be 100% for first 5 years and 30% for next 5 years an assessee, being 100% of the profit for 10 a Developer, who consecutive assessment derives any profits year and gains from an undertaking or an enterprise from any business of developing a Special Economic Zone All assesses 25% to 100% for engaged in the prescribed no. of years. business of 100% of the profit for a Industrial period of 5 consecutive undertakings/hotels/ assessment years ships/infrastructure 100% of the profits for a development/ period of 7 consecutive scientific and industrial research assessment years and development . W.e.f. A.Y. 200910, profit from the business of a hospital in any area

80-IA/ Rules 18BBA & 18BBE

Deduction in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc. Deduction in respect of profits and gains by an undertaking a enterprise engaged in development of Special Economic Zone

80-IAB

80-IB/ Rules 18AAB, 18BBC& 18DA

Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development, etc.

other than specified area Production and refining of mineral oil All assessees 25% to 100% of profits deriving income from an undertakings or enterprises situated in special category States which begin manufacturing/ production between specified dates 100% for 5 consecutive All assessees assessment years engaged in the business of hotel or engaged in the msiness of Assessee to whom allowed Quantum of deduction

80-IC

Deduction in respect of certain undertakings or enterprises in certain special category States

80-ID

Deduction in respect of profits and gains from business of hotels and convention centres in specified area Particulars

Sections

building, owning 100% for 5 consecutive and operating a assessment years convention centre W.e.f. A.Y. 2009-10 hotels located in specified districts having a World Heritage Site in India 80-IE Deduction in respect of profits and gains from an undertaking in any of the North-Eastern States Assessees who 100% for 10 consecutive have begun or assessment years begin to manufacture or produce eligible articles or things or undertake substantial

expansion or carry on any eligible, business on or after. 1-42007. Deduction in respect of All assessees profits and gains from business of collecting and processing of bio degradable waste 80JJAA/ Deduction in respect of Only Indian Rule 19AB employment of new companies workmen 80LA Deduction in respect of Only Scheduled certain income of offshore Banks owning Banking Units etaxindia.org offshore Banking Units in a special economic zone 80P Deduction in respect of Co-operative income of co-operative societies societies except in case of certain co-operative banks. 80QQB Deduction in respect of Individuals who royalty income, etc. of are residents in authors of certain books India and are other than text books authors 80RRB Deduction in respect of Individual who is royalty on patents resident in India and is a patentee 80JJA 100% of profit for 5 years

30% of additional wages for 3 years 100% for first 5 years and 50% for next 5 years

100% of profit but in some eases amount is fixed at RV. 1,00,000/Rs. 50,000

Actual income or R s . 3,00,000, whichever is less

100% of such income or R3,00,000 whichever is less s .

80U/Rule Deduction in the case of Resident R50,000 R75,000 s . s . 11D , permanent physical individual: disability (including blindness). etaxindiaorg with disability with severe disability Related posts: 1. Deduction u/s 80DDB of Medical Treatment 2. Tax Deduction on Education Loan 3. Deduction u/s 80G | Tax Deduction for Donations made to Charities

4. Minimum Holding Time Limit for Claiming Deduction u/s 80C of Some Investments 5. Things You Must Know Before You Carry Forward and Set Off of Business Losses
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{ 14 comments read them below or add one }

mahesh deduction detail for income tax

vijayanp On a New Slab 80c maximum allowed details needed..

KRISHNA GAHALAUT I would like to know the taxability of Employers contribution towards New Pension Scheme for Central Govt. employees who have joined after 1st April 2004

pankajboricha very nice and usefull for needfull person

srinivas sir salary includes basic+da? or allowances like family planning,construction and additional house rent are to be included in salary? please clarify

srinivas

SRIKANTH KANDUKURI Sir, My totla savings under 80C is 76,910. But the the total taxable income is 16,900. Is there any other saving with minimum locking period to avoid tax? please claify.

kunal nath Clarification and exemption criteria illaborately of U/S 80 u is highly required

RAMESH u\s 80c insurance premia paid to mother and father .Is coming under deduction u\s 80c ,cc,ccd 1,00,000. may we claim it as a deduction

dnkapadia I want to know the % for single eye blindness and other eye poor vision for dependent father under section 80dd.

satbir I am 100% physically handicapped due to polio that is why been paid the fixed conveyance allowance 1000 per month in my salary. Is it tax free even when Ihave been allowed deduction of R75000 under . s 80U/ rule 11 D due to sever disability.

AMRENDRA KUMAR TAXABILITY OF EMPLOYERS CONTRIBUTION TO EMPLOYEE PROVIDENT FUND UP TO 12% OF THE BASIC GROSS SALLERY FOR AY 2010-2011

G.S. Luther Sir, I am a Banker and I had availed Housing loan for construction on Ground floor which I completed during the year 1998 for which I pay yearly interest of R16000/ and installment R22000/-. Again I s . s .

borrowed capital for extension of my house on First floor which I completed during the year 2009 and yearly interest for the second construction comes to 32000/- and installments R70000/- Please let me s . know the total interest deduction and principal amount. Shall I get the benefit of interest/installment on Second construction.

bhavesh Sir, I sold my property (flat) for R10,00,000/- (Ten lacs) & this amount i want to deposit in Bank as a fix . s deposit, in this deposit need to pay any tax ?

piyu Deductions in case of partnership firm.???????? Leave a Comment Name * E-mail * Website

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