| Sl. No. | Sections | Description of Deduction | Who can Invest? | Limit for FY 2019-20 (AY 2020-21) |
| 1 | 80C | Investing into very common and popular investment options like: » Deduction on premium paid for a life insurance policy, ELSS (Mutual Fund), PPF
» EPF
» FD for 5 years
» Pension Plans
» NSC
» Sukanya Samriddhi Account
» Infrastructure Bonds
» Expenditure on Children Education
» Tuition fees
» Housing Loan Principal Repayment
» Deferred Annuity
» Approved Super Annuation Fund
» NABARD Rural Bond
» Stamp Duty for Purchase of New \House
| Individual Or HUF | Sum paid or deposited, subject to a maximum of Rs.1,50,000 |
| 2 | 80CCC | Deduction in respect of contribution to certain pension funds | Individuals | Actual amount paid or deposited
(excluding any bonus accrued or interest credited to assessee account) or
Rs. 150,000/-
(whichever is lower) |
| 3 | 80CCD (1) | Contribution to National Pension Scheme (NPS) notified under Central Govt. | Individuals | For Employees- 10% of Basic Salary
For Other individual-20% of GTI or
Actual amount deposited or paid
(whichever is lower) |
| 4 | 80CCD (1B) | Additional Deduction for Contribution to NPS | Individuals | Upto Rs. 50,000/- |
| 5 | 80CCD (2) | Deduction in respect of contribution to pension scheme of central government | Individuals | Amount Contributed by Employer or 14% of salary if employer is CG or 10% other employer (whichever is lower) |
| 6 | 80CCE | The aggregate amount of deductions under section 80C, section 80CCC and sub-section (1) of section 80CCD | Individuals | Shall not Exceed Rs. 1,50,000 and additional Rs.50,000 for section 80CCD(1B) over and above 1.5 lakh. |
| 7 | 80D | Deduction for Payment of medical insurance premium | Individual
Or
HUF | Rs.25,000/ for self/ family
Rs.50,000/-for senior citizen
Rs.50,000/-for very senior citizen
(Payment should be by any mode other than Cash) |
| 8 | 80DD | Deduction in respect of maintenance including medical treatment of a dependent who is a person with disability. | Individual
Or
HUF | Normal Disability: Rs. 75,000/ Severe disability: Rs.1,25,000/- |
| 9 | 80DDB | Medical Expense on Self / Dependent relative for Specified disease or ailments | Individual
Or
HUF | Actual sum paid or Rs.40,000/- (Rs.1,00,000/- if medical treatment of a senior citizen) whichever is lower Dependent means: (a) in the case of an individual, the spouse, children, parents, brothers and sisters of the individual or any of them,
(b) in the case of a Hindu undivided family, a member of the Hindu undivided family, dependant wholly or mainly on such individual or Hindu undivided family for his support and maintenance; |
| 10 | 80E | Deduction in respect of interest on loan taken for higher education | Individual | 100% of the interest paid upto 8 assessment years
or
until the interest is paid in full by the assessee
(whichever is earlier) |
| 11 | 80EE | Deduction in respect of interest on loan taken for residential house property | Individual | Upto Rs 50,000 subject to some conditions Conditions:
» The home loan should have been sanctioned during / after FY 2016-17.
» Loan amount should be less than Rs 35 Lakh.
» The value of the house should not be more than Rs 50 Lakh &
» Home buyer should not have any other existing residential house in his name. |
| 12 | 80EEA | Deduction in respect of interest payable on loan taken from a FI (bank or HFC) for acquisition of residential house property In case the property is self occupied, the deduction would be over and above the deduction of Rs.2 Lakhs u/s 24 | Individual | Upto Rs 1,50,000 subject to some conditions Conditions:
» Loan should be sanctioned by a FI during P.Y. 2019-20.
» Stamp duty value of house should be less than or equal to 45 lakhs
» Home buyer should not have any other existing residential house in his name.
» Individual should not be eligible to claim deduction u/s 80EE. |
| 13 | 80EEB | Deduction in respect of interest payable on loan taken from a FI (bank or certain NBFCs) for purchase of electric vehicle | Individual | Upto Rs 1,50,000 subject to some conditions Conditions: Loan should be sanctioned during April 2019 – March 2023 |
| 14 | 80G | Donation to certain funds, charitable institutions etc. | All Assessee (Individual, HUF, Company etc) | 100% or 50% of the Donated amount or Qualifying limit,
Allowed donation in cash upto Rs.2000/- |
| 15 | 80GG | House rent paid for any furnished or unfurnished accommodation occupied for purpose of his own residence | Individual | Rs.60,000/-
25% of Total Income
Rent paid - 10% of Total Income
(whichever is lower of above) |
| 16 | 80GGA | Deduction in respect of certain donations for scientific research or rural development. | All assessees except those who have an income (or loss) from a business and/or a profession | 100% of the amount donated.
Allowed donation in cash upto Rs.10,000/- |
| 17 | 80GGB | Deduction in respect of contributions given to political parties. | Company | 100% of the amount contributed
No deduction available for contribution made in cash |
| 18 | 80GGC | Deduction in respect of contributions given to political parties. | Individual / HUF / AOP / BOI / Firm | 100% of the amount contributed.
No deduction available for contribution made in cash |
| 19 | 80IA | Profits and Gains from Industrial Undertakings engaged in infrastructure development, etc. | Industrial Undertakings engaged in specified businesses | 100% of the profit for 10 consecutive years out of 15 years beginning from year of commencement |
| 20 | 80IAB | Profits and Gains to SEZ Developers | SEZ Developers | 100% of the profit for 10 consecutive years out of 15 years beginning from year in which SEZ has been notified by CG |
| 21 | 80IAC | Eligible startups | Company or LLP engaged in eligible business | 100% of the profit for 3 consecutive years out of 7 years beginning from the year of commencement |
| 22 | 80IB | Profits and Gains from certain Industrial Undertakings other than infrastructure development undertakings | Specified Industrial Undertakings | 25%, 30% or 100% of the profit for such periods as may be specified subject to certain conditions |
| 23 | 80IBA | Profits from Housing Projects | Individual / HUF / AOP / BOI / Company / Firm
Any other person engaged in the business of Housing Projects | 100% of the profit |
| 24 | 80IC | Certain Undertakings in Special Category States | Certain Industrial Undertakings | Sikkim - 100% of profit for 10 years
Himachal Pradesh/ Uttaranchal
100% of the profit (For first 5 years)
25% (For next 5 years), (30% in case of Companies)
North Eastern States - 100% of the profit for 10 years |
| 25 | 80JJA | Profits and Gains from Business of collecting & processing of bio-degradable waste | Specified Business | 100% of the profit for 5 consecutive years beginning from the year of commencement |
| 26 | 80JJAA | Deduction in respect of employment of new employees | Employer subject to tax audit u/s 44AB | 30% of additional employee cost for 3 years including the year in which employment is provided |
| 28 | 80PA | Certain income of Producer Companies | Producer Companies engaged in eligible business | 100% of the profit |
| 29 | 80RRB | Royalty on Patents | Individuals (Indian or foreign citizen being resident in India) | Rs. 3 lacs or the income received (whichever is lower) |
| 30 | 80QQB | Royalty Income of Authors | Individuals (Indian or foreign citizen being resident in India) | Lumpsum Payment: Income received subj. to maximum of Rs. 3 Lacs Others: Income received subj. to maximum of 15% of value of books sold |
| 31 | 80TTA | Interest earned on Savings Accounts | Individuals (except Senior Citizen) or HUF | Actual amount of Interest or Rs.10,000 p.a
(whichever is lower) |
| 32 | 80TTB | Interest Income earned on deposits (Savings/ FDs) | Individuals (60 Years or above) | Actual amount of Interest or Rs.50,000/- p.a
(whichever is lower) |
| 33 | 80U | Deductions for Disabled Individuals | Individuals | Normal Disability: Rs. 75,000/ Severe disability: Rs.1,25,000/- |