| Section | Details |
|---|---|
| 80C | Avilable for: 1.Life insurance premium for policy: a) in case of individual, on life of assessee, assessee's spouse and any child of assessee b) in case of HUF, on life of any member of the HUF 2.Sum paid under a contract for a deferred annuity: a) in case of individual, on life of the individual, individual's spouse and any child of the individual (however, contract should not contain an option to receive cash payment in lieu of annuity) b) in case of HUF, on life of any member of the HUF 3.Sum deducted from salary payable to Government servant for securing deferred annuity or making provision for his wife/children [qualifying amount limited to 20% of salary] 4.Contributions by an individual made under Employees' Provident Fund Scheme 5.Contribution to Public Provident Fund Account in the name of: a) in case of individual, such individual or his spouse or any child of such individual b) in case of HUF, in the name of any member there of 6.Contribution by an employee to a recognized provident fund 7.Contribution by an employee to an approved superannuation fund |
| 80CCC | Contribution to certain specified Pension Funds of LIC/other insurer (Subject to certain conditions). |
| 80CCD(1) | Exemption : 10% of salary in case of employees 10% of gross total income in case of others(Subject to overall limit of Rs. 1,50,000 under Section 80C, 80CCC and 80CCD(1)). Avilable to:Individual |
| 80CCD(1B) | Exemption : Up to Rs 50,000. This deduction shall be in addition to deduction of Rs. 1,50,000 under Section 80C, 80CCC and 80CCD(1) Available to : Individual |
| 80CCD(2) | Exemption : (a) fourteen per cent., where such contribution is made by the Central Government (New) (b) ten per cent., where such contribution is made by any other employer Available to : Individual |
| 80 CCG | Amount invested by specified resident individuals in listed shares or listed units in accordance with notified scheme for a lock-in period of 3 years (Subject to certain conditions). |
| 80D | Amount paid (in any mode other than cash) by an individual or HUF to LIC or other insurer to effect or keep in force an insurance on the health of specified person*. An individual can also make payment to the Central Government health scheme and/or on account of preventive health check-up. * specified person means: - In case of Individual,self, spouse, dependent children or parents - In case of HUF - Any member thereof |
| 80DD | a) Any expenditure incurred for the medical treatment (including nursing), training and rehabilitation of a dependent, being a person with disability b) Any amount paid or deposited under an approved scheme framed in this behalf by the LIC or any other insurer or the Administrator or the specified company for the maintenance of a dependent, being a person with disability (Subject to certain conditions). |
| 80DDB | Expenses actually paid for medical treatment of specified diseases and ailments for: a) In case of Individual: Assessee himself or wholly dependent spouse, children, parents, brothers and sisters b) In case of HUF: Any member of the family who is wholly dependent upon the family (Subject to certain conditions). |
| 80E | Amount paid out of income chargeable to tax by way of payment of interest on loan taken from financial institution/approved charitable institution for pursuing higher education (Subject to certain conditions). |
| 80EE | Interest payable on loan taken up to ₹ 35 lakhs by taxpayer from any financial institution, sanctioned during the FY 2016-17, for the purpose of acquisition of a residential house property whose value doesn't exceed Rs 50 lakhs. |
| 80EEA | (i) the loan has been sanctioned by the financial institution during the period beginning on the 1st day of April, 2019 and ending on the 31st day of March, 2020; (ii) the stamp duty value of residential house property does not exceed forty-five lakh rupees; (iii) the assessee does not own any residential house property on the date of sanction of loan. (iv) The deduction is available from Assessment Year 2020-21 and subsequent assessment years. |
| 80EEB | (i) 'Electric Vehicle' means a vehicle which is powered exclusively by an electric motor whose traction energy is supplied exclusively by traction battery installed in the vehicle and has such electric regenerative braking system, which during braking provides for the conversion of vehicle kinetic energy into electrical energy; (ii) The deduction is available from Assessment Year 2020-21 and subsequent assessment years. |
| 80G | Exemption : Deduction upto 100% / 50% of the aggregate amount of donation. Available to : All assessees |
| 80GG | Rent paid for furnished/unfurnished residential accommodation (Subject to certain conditions) |
| 80QQB | ARoyalty income of authors of certain specified category of books other than text books |
| 80RRB | Royalty in respect of patents registered on or after 01.04.2003 (subject to certain conditions) |
| 80 TTA | Interest on deposits in saving account with a banking company, a post office, co-operative society engaged in banking business, etc. (Subject to certain conditions) |
| 80 TTB | Interest on deposits in saving account with a banking company, a post office, co-operative society engaged in banking business, etc. (Subject to certain conditions) |
| 80U | A resident individual who, at any time during the previous year, is certified by the medical authority to be a person with disability [as defined under Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995] |
| 16(ia) | Exemption : Rs 40,000 in lieu of Transport allowance and Reimbursement of Misc. Medical Expenditure. Increased to Rs 50,000/- for AY 2020-21. Available to : Salaried Tax Payers w.e.f. 01.04.2018 |
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