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Chapter VIA List of All Deductions at a Glance

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

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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.

SectionsParticulars Allowed toQuantum of deduction
80CDeduction in respect of Life Insurance Premium, Contribution to Provident Fund, etc.

Deduction in respect of contribution to certain pension funds

Individual and HUFMax. Rs.1,50,000
80CCCDeduction in respect of contribution to certain pension fundsOnly individualsMax. Rs.1,50,000
80CCDDeduction in respect of contribution to notified pension scheme of Central GovernmentSalaried employee or self employed individualEmployer 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
80CCELimit on deductions under sections 80C, 80CCC and 80CCD (1)N.A.Rs.1,50,000
80CCGDeduction in respect of investment made in an equity saving schemeIndividual who is resident in India50%  of the amount invested or Rs.25,000 whichever is less
80DDeduction in respect of medical insurance premiumIndividual or HUF whether resident or non – residentIn case of individual – Maximum Rs.25,000
80DDDeduction in respect of maintenance including medical treatment of dependant who is a person with disabilityFor 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

80DDBDeduction in respect of medical treatment, etc.Individual or HUF resident in IndiaMax.Rs.40,000
80EDeduction for interest paid on loanFor senior citizen

Individual whether resident or not

Addl. Rs.20,000

Actual amount paid

80EEDeduction in respect of interest on loan sanctioned during financial year 2013 – 14 for acquiring residential house propertyIndividual onlyMaximum Rs. 50,000
80GDeduction 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
80GGDeductions in respect of rent paidIndividual only(b)    100% or 50% of eligible donations, after applying – Qualifying limit of 10% of adjusted GTI, Maximum Rs.2,000 p.m.
80GGADeduction in respect of certain donations for scientific research or rural development, etc.All assesses not having business income100% of sum donated
80GGBDeduction in respect of contributions given by companies to political partiesCompany assesseeAmount so contributed
80GGCDeduction in respect of contributions given by any person to political partiesAny assessee other than local authority and every artificial juridical person wholly or partly funded by the GovernmentAmount so contributed
80 – IADeduction 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 – IABDeduction in respect of profits and gains by an undertaking a enterprise engaged in development of Special Economic ZoneUndertaking/enterprises engaged in development of Special Economic Zone100% of profits for 10 consecutive assessment years
80- IBDeduction 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 development25% to 100% for prescribed no. of years
80-ICDeduction in respect of certain undertakings or enterprises in certain special category StatesAll assesses deriving income from an under takings or enterprises situated in special category States which begin manufacturing/production between specified dates25% to 100% of profits
80 –IDDeduction in respect of profits and gains from business of hotels in specified area or world heritage site and convention centres in specified areaAll assesses deriving income from the business of hotels and convention centres in specified area100% of the profit for 5 consecutive years
80-IESpecial provisions in respect of certain undertakings in North Eastern StatesAll assesses deriving income from eligible undertaking in any North Eastern States100% of the profit for 10 consecutive years
80JJADeduction in respect of profits and gains from business of collecting and processing of bio degradable wasteAll assesses100% of profit for 5 years
80JJAADeduction in respect of employment of new workmenOnly Indian companies30% of additional wages for 3 years
80LADeduction in respect of certain incomes of Offshore Banking UnitsOnly Scheduled Banks owing offshore banking units in a special economic zone100% of income for first 5 years and 50% for next five years
80QQBDeduction in respect of royalty income, etc., of authors of certain books other than text booksIndividuals100% of such income or Rs.3,00,000, whichever is lower.
80RRBDeduction in respect of royalty on patentsIndividual who is resident in India and is a patentee100% of such income or Rs.3,00,000 whichever is less
80TTADeduction in respect of interest on deposits in saving accountsIndividual or HUFMaximum Rs.10,000
80UDeduction in the case of a person with disabilityResident individualsRs.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 ca.ridhidhoot@gmail.com

2 comments

  1. lot of thanks mam…..

  2. Really helpful! Thanks mam.

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