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Chapter VIA List of All Deductions at a Glance

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Chapter VIA List of 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 List of All Deductions at a Glance

Chapter VIA List of All Deductions at a Glance

In this article we provide list of all Deductions are available under Chapter VIA of Income tax. In this article we provide list of all deductions by section wise covered under Chapter VIA. Now check below table for Chapter VIA List of All Deductions at a Glance.

Sections Particulars  Allowed to 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.1,50,000
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.25,000
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. 50,000
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

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About CA Ridhi Dhoot

The writer is a Chartered Accountant & a Licentiate Company Secretary. You can reach out to her at [email protected]

2 comments

  1. lot of thanks mam…..

  2. Really helpful! Thanks mam.

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