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| Section | Deduction On | Allowed Limit |
|---|---|---|
| 80 C | i) Investment in PPF ii) NSC iii) VLTRS iv) LIC Premium v) Children Tuition Fees vi) Principal prepayment of Home Loan vii) Investment in Sukanya Samridhi viii) SSSC ix) ELSS x) Five year deposit Scheme xi) Subscription to Equity shares/debentures (notified bonds of NABARD xii) Annuity Plan of LIC | Rs 1,50,000 |
| 80 CCC | For amount deposited in annuity plan of LIC or any other insurer for a pension from a fund referred to in section 10 (23 AAB) | – |
| 80 CCO (1) | Employee Contribution to NPS account (max upto Rs 1,50,000) | – |
| 80 CCO (2) | Employee Contribution to NPS Account | Max upto 10% salary |
| 80 CCO (1B) | Additional Contribution to NPS | Rs. 50,000 |
| 80 TTA (G) | Interest Income from Saving Account | Max upto 10,000 |
| 80 TTB | Exemption of Interest from banks post office etc applicable only to senior citizens | Max 50,000 |
| 80 GG | For rent paid when HRA not received from employer | Last of : – rent paid income 10% of total income Rs 55000/month |
| 80 E | Interest on education Loan interest paid upto 8 Lacs | 25% of total income |
| 80 EE | Interest on Home Loan for first time Home owner | Rs 50,000 |
| 80 CCG | Rajiv Gandhi Equity Scheme for investments in Equities | Lower of 50 % amount or Rs 25,000 |
80 D | Medical Insurance – Self , spouse, Children Medical insurance – Parents more than 60 yrs or uninsured parents more than 80 yrs of age | Rs 25,000 Rs 50,000 |
80 DDD | Medical treatment for handicapped dependents or payment to specified scheme for maintenance fo handicapped dependents · Disability is 40 % or more but less than 80 % · Disability is 80 % or more | Rs 75,000 Rs 1,25,000 |
| 80 DDB | Medical Expenditure or self or Dependents or relative for disceases specified in Rule 1100 · For less than 60 yrs old · For more than 60 yrs old | Lower of Rs 40000 or amount naturally paid Lower fo Rs 100000 or amount actually paid |
| 80 U | Self-Suffering from disability · An individual suffering from a physical disability (in blindness) or mental retardation An individual suffering from lower disability | Rs 75,000 Rs 1,25,000 |
| 80 GGB | Contribution by companies to political parties | Amount contributed (not allowed if paid in cash) |
| 80 GGC | Contribution by individual to political parties | Amount contributed (not paid in cash) |
| 80 RRB | Deductions or income by way of royalty of a patent | Lower of Rs 2,00,000 or income received |