Chapter VIA – All Deductions at a Glance

Chapter VIA – All Deductions at a Glance, List of all Income Tax deductions from u/s 80C to 80U. Hi Friends Here we are providing list of all deductions covered under  Chapter VIA of Income tax act. In this article we provide complete list of deductions with Name of Section, Brief details for Section, List of Assessee’s who can avail that exemption , Amount of Deduction etc. Find Short details for Every Deductions like – Deduction under Section 80C, Maximum Deduction allowed u/s 80C, Deduction u/s 80CCC, Deduction u/s 80G, Deduction u/s 80U, Deduction u/s 80E, Deduction u/s 80D, Deduction u/s 80IA etc. Recently we provide an special article on “Paying Tax is better than Saving Tax!“. Now you can scroll down below and check more details for Chapter VIA – All Deductions at a Glance

Chapter VIA – All Deductions at a Glance

Sections	Particulars	Assessee to whom allowed	Quantum of deduction
80C	Deduction in respect of Life Insurance Premium, Contribution to Provident Fund, etc. Deduction in respect of contribution to certain pension funds	Individual and HUF	Max. Rs.1,50,000
80CCC	Deduction in respect of contribution to certain pension funds	Only individuals	Max. Rs.1,00,000
80CCD	Deduction in respect of contribution to notified pension scheme of Central Government	Salaried employee or self employed individual	Employer and employee contribution not exceeding 10% of salary in each case. Maximum deduction to an employee or self employed person for his contribution limited to Rs.1,00,000
80CCE	Limit on deductions under sections 80C, 80CCC and 80CCD (1)	N.A.	Rs.1,50,000
80CCG	Deduction in respect of investment made in an equity saving scheme	Individual who is resident in India	50%  of the amount invested or Rs.25,000 whichever is less
80D	Deduction in respect of medical insurance premium	Individual or HUF whether resident or non – resident	In case of individual – Maximum Rs.15,000
80DD	Deduction in respect of maintenance including medical treatment of dependant who is a person with disability	For senior citizen Individual or HUF resident in India	Addl. Rs.5,000 Rs.50,000 or Rs.1,00,000 in case of a person with severe disability
80DDB	Deduction in respect of medical treatment, etc.	Individual or HUF resident in India	Max.Rs.40,000
80E	Deduction for interest paid on loan	For senior citizen Individual whether resident or not	Addl. Rs.20,000 Actual amount paid
80EE	Deduction in respect of interest on loan sanctioned during financial year 2013 – 14 for acquiring residential house property	Individual only	Maximum Rs.1,00,000
80G	Deduction in respect of donations to certain funds, charitable institutions, etc.	All assesses	(a)   100% or 50% of eligible donations, without applying qualifying limit in certain cases
80GG	Deductions in respect of rent paid	Individual only	(b)   100% or 50% of eligible donations, after applying – Qualifying limit of 10% of adjusted GTI, Maximum Rs.2,000 p.m.

80GGA	Deduction in respect of certain donations for scientific research or rural development, etc.	All assesses not having business income	100% of sum donated
80GGB	Deduction in respect of contributions given by companies to political parties	Company assessee	Amount so contributed
80GGC	Deduction in respect of contributions given by any person to political parties	Any assessee other than local authority and every artificial juridical person wholly or partly funded by the Government	Amount so contributed
80 – IA	Deduction in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc.	Industrial undertaking or enterprises engaged in infrastructure development, etc.	30% to 100% of profits
80 – IAB	Deduction in respect of profits and gains by an undertaking a enterprise engaged in development of Special Economic Zone	Undertaking/enterprises engaged in development of Special Economic Zone	100% of profits for 10 consecutive assessment years
80- IB	Deduction in respect of profits and gains from certain industrial undertakings other than infrastructure development, etc.	All assesses engaged in the business of industrial undertakings/hotels/ships/ infra – structure development/ scientific and industrial research and development	25% to 100% for prescribed no. of years
80-IC	Deduction in respect of certain undertakings or enterprises in certain special category States	All assesses deriving income from an under takings or enterprises situated in special category States which begin manufacturing/production between specified dates	25% to 100% of profits
80 –ID	Deduction in respect of profits and gains from business of hotels in specified area or world heritage site and convention centres in specified area	All assesses deriving income from the business of hotels and convention centres in specified area	100% of the profit for 5 consecutive years
80-IE	Special provisions in respect of certain undertakings in North Eastern States	All assesses deriving income from eligible undertaking in any North Eastern States	100% of the profit for 10 consecutive years
80JJA	Deduction in respect of profits and gains from business of collecting and processing of bio degradable waste	All assesses	100% of profit for 5 years
80JJAA	Deduction in respect of employment of new workmen	Only Indian companies	30% of additional wages for 3 years
80LA	Deduction in respect of certain incomes of Offshore Banking Units	Only Scheduled Banks owing offshore banking units in a special economic zone	100% of income for first 5 years and 50% for next five years
80QQB	Deduction in respect of royalty income, etc., of authors of certain books other than text books	Individuals	100% of such income or Rs.3,00,000, whichever is lower.
80RRB	Deduction in respect of royalty on patents	Individual who is resident in India and is a patentee	100% of such income or Rs.3,00,000 whichever is less
80TTA	Deduction in respect of interest on deposits in saving accounts	Individual or HUF	Maximum Rs.10,000
80U	Deduction in the case of a person with disability	Resident individuals	Rs.50,000 in case of a person with disability and Rs.1,00,000  in case of a person with severe disability