Here is the table of deduction in respect of payment under Chapter VI-A.
Download Income Tax Deduction Under Chapter VI-A
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|Section||Eligible Assessee||Eligible Payments||Permissible Deductions|
|80C||Individual or HUF||Investment or Contribution |
Tution Fees, UTI/MF/Annuity
Repayment for House
Construction or Purchase/
|80CCC||Individual||Pension Funds/Annuity Plan of LIC||Rs. 1,50,000/-*|
|80CCD||Individuals||Contribution to Pension |
Scheme of Central Government
|1) Salaried Employee Max 10% of Salary|
1A) Additional deduction of Rs. 50,000/-
2) Other case - Max 20% of GTI
|80CCG||Individuals||Investment to notified equity saving scheme||50% of amount invested|
or Rs.25,000/- Whichever
|80D||Individual or HUF||Medical Insurance Premium||Rs. 25,000 (Rs.30,000/- for Senior Citizens)|
|80DD||Indvidual or HUF||Maintenance inclduing medical treatment of a depended disabled||Servere Disability Rs. 1,25,000|
Other cases - Rs.75,000
|80DDB||Individual or HUF||Deduction for medical treatment of specified diseases or ailments||Actual sum paid or Rs.40,000/-** whichever is lower minus amount reimbursed|
|80E||Individual||Interest on loan taked for higher education||Deduction available for initiial 8 assessment year or until the interest is paid in full, whichiver is earlier.|
|80EE||Individual||Additional deduction for interest on loan borrowed for acquistion of self-occupied house property||Rs.50,000|
|80G||All Assesee||Donation to certain funds, charitable institution etc.||1) 100% deduction without any qualifying limit|
2) 50% deduction without any qualifying limit
3) 100% deduction with qualifying limit
4) 50% deduction with qualifying limit
|80GG||Individuals||Rent Paid||Least is available for deduction -|
1) 25% of total income
2) Rent paid - 10% of total income
3) Rs. 5000 p.m.
|80GGB||Any Company||Contribution to political parties||Actual Contribution (if made by other than cash)|
|80GGC||Any person other than local authroity and AJP funded by Govt||Contribution to politicial parties||Actual Contribution (if made by other than cash)|
|80TTA||Individual or HUF||Interest on deposites(not being time deposit) in a saving account with banks, cooperative society and post office.||Interest Received or 10,000 whichever is lower|
*The aggregate amount of deduction under section 80C, 80CCC and 80CCD (1) cannot exceed Rs. 1,50,000. There is additional deduction Rs.50000 u/s 80CCD (1B) is allowed.
** The deduction is Rs.60,000/- for Senior Citizens (60 to 80 Years of age) and Rs. 80,000 for Super Senior Citizens (Above 80 years of age).
***No deduction under section 80CCG is allowed from AY 2018-19. However if an assessee who has claimed deduction for AY 2017-18 and earlier assessment year then he is allowed for deduction till 2019-20.