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Income Tax Deductions Under Section 80C to 80U.
Income Tax Deductions Under Section 80C
Maximum 1,50,000 (aggregate of 80C, 80CCC and 80CCD) PPF, EPF, Bank FD's, NSC, LIC premium, tuition fees (Individuals, HUFs)
Income Tax Deductions Under Section 80CCC
Maximum 1,50,000 (aggregate of 80C, 80CCC and 80CCD) Pension funds (Individuals)
Maximum 1,50,000 (aggregate of 80C, 80CCC and 80CCD) Pension funds (Individuals)
Income Tax Deductions Under Section 80CCD
Maximum 1,50,000 (aggregate of 80C, 80CCC and 80CCD) Pension fund initiated by central government (Individuals)
Maximum 1,50,000 (aggregate of 80C, 80CCC and 80CCD) Pension fund initiated by central government (Individuals)
Income Tax Deductions Under Section 80TTA
Up to 10,000 per year Interest on a bank savings account (Individuals and HUFs)
Up to 10,000 per year Interest on a bank savings account (Individuals and HUFs)
Income Tax Deductions Under Section 80CCF
Up to 20,000 Long term infrastructure bonds (Individuals and HUFs)
Income Tax Deductions Under Section 80D
For individual taxpayers- Premium up to 25,000 in case of individuals
and up to 50,000 for senior citizens
For HUFs- Premium up to 25,000 and up to 50,000 in case the member insured is a senior citizen or super senior, citizen
Medical insurance premium and Health checkup (Individuals and HUFs)
Medical insurance premium and Health checkup (Individuals and HUFs)
Income Tax Deductions Under Section 80E
No limit defined Interest on repayment of Education loan (Individuals)
Income Tax Deductions Under Section 80EE
Maximum 50,000 Interest on loan payable for acquiring a residential house property
Income Tax Deductions Under Section 80G
Differs with the amount of donation General donations of any recognized society
Income Tax Deductions Under Section 80GGA
Depends on the quantum of donation Donations to Scientific Research or Rural Development (Those who do not have income from business or profession)
Income Tax Deductions Under Section 80GGB
Depends on the quantum of donation Donations to political parties (Indian companies)
Income Tax Deductions Under Section 80GG
5,000 per month or 25% of total income whichever is less Rent paid if HRA is not received (Individuals not receiving HRA)
5,000 per month or 25% of total income whichever is less Rent paid if HRA is not received (Individuals not receiving HRA)
