List of Income Tax Deductions Under Chapter VI-A

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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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SectionEligible AssesseeEligible PaymentsPermissible Deductions
80CIndividual or HUFInvestment or Contribution
to LIP/PPF/SPF/RPF/NSC/
Tution Fees, UTI/MF/Annuity
Plan/NABARD/Loan
Repayment for House
Construction or Purchase/
Rs. 1,50,000/-*
80CCCIndividualPension Funds/Annuity Plan of LICRs. 1,50,000/-*
80CCDIndividualsContribution 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
80CCGIndividualsInvestment to notified equity saving scheme50% of amount invested
or Rs.25,000/- Whichever
is lower.***
80DIndividual or HUFMedical Insurance PremiumRs. 25,000 (Rs.30,000/- for Senior Citizens)
80DDIndvidual or HUFMaintenance inclduing medical treatment of a depended disabledServere Disability Rs. 1,25,000
Other cases - Rs.75,000
80DDBIndividual or HUFDeduction for medical treatment of specified diseases or ailmentsActual sum paid or Rs.40,000/-** whichever is lower minus amount reimbursed
80EIndividualInterest on loan taked for higher educationDeduction available for initiial 8 assessment year or until the interest is paid in full, whichiver is earlier.
80EEIndividualAdditional deduction for interest on loan borrowed for acquistion of self-occupied house propertyRs.50,000
80GAll AsseseeDonation 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
80GGIndividualsRent PaidLeast is available for deduction -
1) 25% of total income
2) Rent paid - 10% of total income
3) Rs. 5000 p.m.
80GGBAny CompanyContribution to political partiesActual Contribution (if made by other than cash)
80GGCAny person other than local authroity and AJP funded by GovtContribution to politicial partiesActual Contribution (if made by other than cash)
80TTAIndividual or HUFInterest 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.

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