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Deductions to be made under Income Tax Act, 1961

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Deductions to be made in computing total income (Section 80c to 80u)

Deductions to be made in computing total income (Section 80c to 80u)

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  • 1. Deductions To Be Made In Computing Total Income
  • 2. Gross Total Income means the total income computed in accordance with the provisions of Income Tax Act, 1961, before making any deduction under chapter VI, i.e. u/s 80. Thus, the aggregated income from all the heads of income (after applying the provisions of clubbing of income and set-off of losses) is known as Gross Total Income.
  • 3. Deduction u/s 80C Deduction u/s 80C shall be allowed only to an Individual and a Hindu Undivided Family (HUF). 2. Total amount deposited in various approved saving schemes or 1,00,000 p.a. whichever is less shall be allowed as deduction. 3. The limit of 1,00,000 also includes the amount of deduction allowable to assessee u/s 80CCC and 80CCD. 1.
  • 4. Following are the qualifying amount for deduction u/s 80C : 1) Deposits made in Provident Funds  Deposits in Statutory Provident Fund – fully qualifies  Deposits in Recognised Provident Fund – fully qualifies  Deposits in Public Provident Fund – fully qualifies  Deposits in Unrecognised Provident Fund – does not qualify 2) Payment of Life Insurance Premium  Life insurance policies can be obtained in the name of the assessee, spouse and children and in case of HUF in the name of any or all the co-parceners of the HUF.
  • 5. Limit on LIC Premium for deduction u/s 80c For insurance Policy issued before 1-4-2012 For Insurance Policy issued on or after 1-42012 • Actual premium paid or 20% of actual capital sum assured whichever is less • Actual premium paid or 10% of actual capital sum assured whichever is less
  • 6. 3) Amount deducted out of Govt. Employee’s salary towards 4) 5) 6) 7) 8) 9) 10) deferred annuity (subject to a maximum of 20% of salary) Payment made towards Group Insurance Deposits made in Approved Superannuation Fund Deposits made in Unit Linked Insurance Plan (ULIP) Amount invested in National Savings Certificates-VIII or IX issues Amount invested in National Saving Scheme (NSS)-1992 Amount paid to LIC under Jeevan Dhara, Jeevan Akshay, etc. Amount deposited with National Housing Bank
  • 7. 11) Amount invested in notified Pension Fund set up by 12) 13) 14) 15) Mutual Funds or UTI Amount deposited or invested in Equity Linked Saving Scheme (ELSS) Term Deposits with certain banks (not less than 5 years duration and as per scheme framed by Central Govt.) Payment of Tuition Fees of Children to any school, college, university or educational institutions situated in India for full time education of any two children Amount invested in Equity Shares or Debentures of a public company or a public financial institution (issue must be notified by CBDT)
  • 8. 16) Amount invested in Units of Mutual Funds (unit scheme must be notified by CBDT) 17) Subscription to Bonds of NABARD 18) Amount deposited with an authority engaged in Housing Development or Town or Rural Development 19) Repayment of Housing Building loan  Any amount repaid under house building loan taken from Govt., LIC, Bank, HDFC, HUDCO or other housing finance institutions or employer OR  Amount repaid as full price or instalment of price of a house purchased from Govt. or an approved agency (The amount repaid must not include interest on loan or ground rent but shall include stamp duty and registration charges)
  • 9. 20) Deposits in Post Office Time Deposit and Senior Citizen Savings Scheme i. Five year time deposit in an account under Post Office Time Deposit Rules 1981 ii. Deposit in an account under the Senior Citizen Savings Scheme Rules 2004 These deposits are for 5 years and if withdrawn before the expiry of the period of 5 years, the amount so withdrawn shall be deemed to be income of the assessee of the year in which withdrawn. Not taxable if withdrawn by legal heir.
  • 10. Deduction in respect of contribution to Pension Fund [Section 80CCC] If the following conditions are fulfilled an assessee may claim deduction under this section:  The taxpayer is an individual  During the previous year, he had paid/deposited a sum under an annuity plan of the Life Insurance Corporation of India or any other insurer for receiving pension  If deduction has not been claimed u/s 80C
  • 11. Deduction in respect of contribution to pension scheme of Central Government [Section 80CCD] This section is for allowing deduction to new Central Government employees, if the following conditions are satisfied:  The taxpayer is an individual  He is employed by the Central Government or by any other employer on or after January 1, 2004 or self occupied individual  He has in the previous year paid or deposited any amount in his account under a pension scheme notified by the Central Government
  • 12. The amount of deduction shall be as follows: i. For employees (Central Govt. Or Non-Govt.) Contribution by employee or contribution by employer or 10% of salary*, whichever is less. ii. For other individuals (Self employed) Depositor’s own contribution or 10% of gross total income, whichever is less. *Salary means basic salary including dearness allowance if under the terms of employment.
  • 13. Restriction on total amount of deduction u/s 80C, 80CCC and 80CCD [Section 80CCE] If an assessee is having/claiming deduction u/s 80C, 80CCC and 80CCD, then the provisions of Section 80CCE is to be applied. According to this section, the deduction is least of the following two amounts: i. Aggregates of the gross qualifying amount u/s 80C, 80CCC and 80CCD. ii. ₹ 1,00,000
  • 14. Deduction in respect of investment in Long-term Infrastructure bonds [Section 80CCF] Discontinued from Assessment Year 2013-14, deduction in respect of investment in Long Term Infrastructure Bonds u/s 80CCF of Income Tax Act and maximum deduction under this section was 20,000.
  • 15. Deduction in respect of investment made in any notified equity saving scheme [Section 80CCG] The deduction under this section is available if following conditions are satisfied: i. The assessee is a resident individual (may be ordinarily resident or N.O.R.) ii. His gross total income does not exceed 10 lakhs. iii. He has acquired listed shares in accordance with a notified scheme. iv. The assessee is a new retail investor as specified in the above notified scheme. v. The investment is locked-in for a period of 3 years from the date of acquisition in accordance with the above scheme. vi. The assessee satisfies any other condition as may be prescribed. Amount of deduction – 50% of the amount of investment or ₹ 25,000, whichever is less.
  • 16. Deduction in respect of medical Insurance Premium, Preventive health check up and Contribution made to the Central Govt. Health Scheme (CGHS) [Section 80D] Tax Payer Insured Person Amount of deduction Individual On the health of the taxpayer, spouse, parents (whether dependent or not) or dependent children of the taxpayer Actual amount paid or ₹ 15000 (₹ 20,000 in case of senior citizen) whichever is less. Hindu Undivided Family (HUF) On the health of any member of the family Actual amount paid or ₹ 15,000 (₹ 20,000 in case of senior citizen) whichever is less. Note – In case of health check-up, up to ₹ 5000 shall be allowed.
  • 17. Deduction in respect of maintenance including medical treatment of a dependent that is person with disability [Section 80DD] Following are the provisions under this section : i. This deduction is allowed to an individual who is resident of India or HUF. ii. This deduction is given to the assesse if a person with disability is dependent upon him. iii. A person with disability means disabilities like autism, cerebral palsy, mental retardation, etc. As specified in Persons with Disabilities Act, 1995. iv. The assesse has incurred expenditure by way of medical treatment (including nursing), training and rehabilitation of a disabled dependent.
  • 18. He has paid or deposited any amount under any scheme framed by LIC of India or any other insurer or the Administrator or the specified and approved by the Board in this behalf for the maintenance of a dependent, being a person with disability. vi. For claiming the deduction, the assesse shall have to furnish a certificate by the prescribed medical authority with the return of income. If the above mentioned conditions are satisfied the amount of deduction is fixed at a. ₹ 50,000 irrespective of actual expenditure b. ₹ 1,00,000 in case of a person with severe disability (over 80%) irrespective of actual expenditure v.
  • 19. Deduction in respect of medical treatment, etc. [Section 80DDB] Deduction is available if following are satisfied : i. Assessee is an individual or HUF who is resident in India only. ii. The assessee has actually paid for the medical treatment of specified disease or ailment, for himself or any dependent or in case of HUF, any member of the family. iii. The assessee furnishes a certificate, in the prescribed form from prescribed authority along with the return of income. Amount of deduction (a) Actual expenditure or (b) ₹ 40,000 (₹ 60,000 in case of senior citizen) Whichever is less.
  • 20. Deduction in respect of interest on loan taken for studies [Section 80E] If the following conditions are fulfilled an assessee may claim deduction under this section:  Assessee is an individual  Loan is taken for the purpose of pursuing his higher education  Loan has been taken from any financial institution or an approved charitable institution  Assessee has paid interest on such loan during the previous year  Assessee has paid interest out of his taxable income of that year
  • 21. Deduction u/s 80E shall be allowed for the previous year in which the assessee starts repaying the loan or interest thereon and seven previous years immediately succeeding it or until the loan together with interest thereon is paid by the assessee in full, whichever is earlier.
  • 22. Deduction in respect of donations to certain Funds, Charitable Institutions etc. [Section 80G] Donation Qualifying Amount Rate A. No limit donations 100% 100% 1. 100% 100% 2. To Africa Fund 100% 100% 3. To Armenia Earthquake Relief Fund 100% 100% 4. To University or institution of National Eminence (so notified) 100% 100% 5. To National Foundation for communal harmony 100% 100% 6. To the Chief Minister’s Earthquake Relief Fund, Maharashtra 100% 100% 7. To Zila Saksharta Samiti 100% 100% 8. To National Blood Transfusion Council or State Blood Transfusion Council 100% 100% 9. To any fund set up by the State Govt. To provide medical relief to poor 100% 100% 10. To Army Central Welfare Fund, Indian Naval Benovelont Fund or Air Force Central Welfare Fund 100% 100% 11. To National Illness Assistance Fund 100% 100% To P.M. National Relief Fund
  • 23. Donation Qualifying Amount Rate 12. To Chief Minister’s Relief Fund ;or Lieutenant Governor’s Relief Fund 100% 100% 13. To Andhra Pradesh Chief Minister’s Cyclone Relief Fund 100% 100% 14. To National Sports Fund 100% 100% 15. To National Cultural Fund 100% 100% 16. To Technology Development and Application Fund 100% 100% 17. To National Defence Fund 100% 100% 18. Any fund set up by the State Government of Gujarat exclusively for providing relief to the victims of Earthquake in Gujarat 100% 100% 19. Any sum paid by the assessee during the period beginning on the 26th day of January 2001 and ending on 30th day of Sept. 2001 to any trust, institution or fund to which this section applies for providing relief to the victims of Earthquake in Gujarat 100% 100% 20. To the National Trust for Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities 100% 100% 21. To P.M. National Drought Relief Fund 100% 50% 22. To National Children’s Fund 100% 50% 23. To Jawaharlal Nehru Memorial Fund 100% 50% 24. To Indira Gandhi Memorial Trust 100% 50% 25. To Rajiv Gandhi Foundation 100% 50%
  • 24. Donation Qualifying Amount Rate Actual total of 1 to 10 or 10% of gross taxable income whichever is less is Q.A. Out of Q.A. :– 100% of donation for Family Planning + by a company to Indian Olympics Association and balance 50% B. With limit donations 1. To State Govt. 2. To Local Authority 3. To Educational Institutions 4. To Charitable Institutions 5. To Sports Institutions 6. To a corporate set up to protect the interests of minorities 7. To an authority constituted for development of housing and planning of cities and towns 8. To a place of art, public worship or historical importance (so notified) 9. To an institution or association engaged in promotion of family planning in India 10. Any sum paid by a company to Indian Olympic Association for development of infrastructure and sponsorship of sports and games in India Gross Taxable Income = Gross Total Income – [Long term capital gain + All deductions u/s 80 except 80G + Rebateable Income, if any + Short term capital gain on shares which are subject to STT ] Rebateable Income = Share of income from AOP provided total income of such AOP exceeds the exempted limit i.e. 2,00,000.
  • 25. Deduction in respect of Expenditure Incurred on Payment of House Rent [Section GG]  This deduction is allowed to individual only for rent paid  The assessee must be living in a rented house due to his employment, business or profession  He does not have a self occupied house any where in India and in that town on his own name or on the name of any member of his family or HUF  He should not be getting any HRA  Rate of deduction (a) Statutory limit 2,000 p.m. (b) Rent paid – 10% of Adjusted G. T. I.* (c) 25% of Adjusted G. T. I.* *Adjusted Gross Total Income = Gross Total Income – [LTCG + STCG on shares covered under Securities Transaction Tax + Income referred to in Sec. 115A + All other deductions u/s 80 except 80 GG]
  • 26. Deduction in respect of any payment made to certain scientific institutions or an institution having rural development programme as its object [Section 80GGA]  Applicable to all assessees except those who have any income or loss under the head Profits and Gains of Business or Profession.  Following are the qualifying amounts under this section : i. Donation given to institution or association engaged in scientific research and approved for the purpose. ii. Donation given to institution or association engaged in approved rural development programme or conservation of natural resources or afforestation. iii. Donation given to institution engaged in training of persons for rural development programme. iv. Any amount given to a Rural Development Fund (from 1-4-83 onwards).
  • 27. Any amount given to fund for afforestation. vi. Any amount given by assessee to a University, College or other institution (so notified) for research in social science or statistical research. vii. Any amount paid by assessee to a public sector company or a local authority or to an institution or association approved by the National Committee for carrying out any eligible project or scheme. viii. Fund set up for eradication of poverty.  Amount of deduction – 100% of the amount paid to the above institutions/funds.  In case, the donation exceeds ₹ 10,000 then it must be given by any mode other than cash otherwise deduction u/s 80GGA shall not be allowed. v.
  • 28. Deduction in respect of Contributions given by Companies to Political Parties and Electoral Trust [Section 80GGB] In case a company is donating or contributing any amount to any Political Party and Electoral Trust, a deduction @ 100% of such donation shall be allowed.
  • 29. Deduction in respect of Contributions given by any person to Political Parties and Electoral Trust [Section 80GGC]  The assessee is any person except local authority and every artificial juridical person.  If donation is given to registered political party in India or donation to electoral trust , then 100 % deduction is allowed.
  • 30. Deduction for Infrastructure Projects [Section 80IA] The deduction is allowed to undertakings engaged in Category I Carrying on the business of a) Developing b) Operating and maintaining, or c) Developing, operating and maintaining any infrastructure facility [Simply stated Infrastructure facility] Category II Providing telecommunication services [Simply stated Telecommunication services] Category III Developing, operating or maintaining an industrial park or special economic zone (SEZ) notified by the Central Govt. [Simply stated Industrial park] Category IV a) b) c) d) Category V Undertaking set up for reconstruction or revival of power generating plant Generation Generation and Distribution of power Laying of new transmission lines for power distribution Undertakes substantial renovation and modernisation of the existing transmission or distribution lines [Simply stated Power Generation]
  • 31. Nature of the industries Commencement of business Rate of deduction Company 1. Infrastructure facility (a) In case of port, airport, inland water way or inland port (b) In case of other infrastructure facilities Others 3. Developing, operating or maintaining (a) Industrial park (b) Special Economic Zone 1.4.95 onwards 100% - 1.4.95 onwards 100% - 1.4.95 to 31.3.05 100% 100% 30% 2. Telecommunication services 30% 1.4.2006 to 31.3.11 1.4.97 to 31.3.05 100% Period of Deduction 100% For 10 consecutive years out of first 20 years. For 10 consecutive years out of first 15 years. For first 5 consecutive years out of first 15 years. For next 5 consecutive years out of first 5 years. For 10 consecutive years out of first 15 years.
  • 32. 4. (a) Generation or generation and distribution of power (b) Laying of new transmission lines for power distribution or undertakes substantial renovation and modernisation of the existing transmission or distribution lines (c) Undertakes substantial renovation and modernisation of existing network of transmission or distribution lines 1.4.1993 to 31.3.2013 100% - For 10 consecutive years out of first 15 years. 1.4.1999 to 31.3.13 100% - For 10 consecutive years out of first 15 years. 1.4.2004 to 31.3.2013 100% - For 10 consecutive years out of first 15 years. 5. An undertaking 1.4.2004 to owned by an Indian 31.3.2011 Company and set up for reconstruction or revival of power generating plant 100% - For 10 consecutive years out of first 15 years.
  • 33. Deduction to developers of Special Economic Zones [Section 80IAB] Deduction under this section shall be allowed only if following conditions are fulfilled : i. This deduction is available only to those undertaking who are engaged in the business of developing Special Economic Zones ii. The Special Economic Zone is notified on or after 1.4.2005. iii. The undertaking must have some income from Special Economic Zones which is taxable under the head “Profits and gains of Business or Profession”. iv. The accounts of undertaking must be audited. v. It must fulfill any other condition which may be notified.  This deduction is allowed @ 100% of profits  The undertaking can claim this deduction for a total period of 10 previous years out of first 15 years previous years beginning with the year in which such Special Economic Zone is notified. 
  • 34. Deduction for Setting up new Undertakings [Section 80IB] Deduction u/s 80IB is available to different industrial undertaking as follows : a) Operation of ship b) Hotels c) Industrial Research d) Production of Mineral Oil e) Developing and building housing projects f) The business of processing, preservation and packing of fruits or vegetables or integrated, handling, storage and transportation of food grain units g) Multiplex theater h) Convention Centre i) Hospitals
  • 35. Industrial Undertaking (set up in a backward state) Industrial Undertaking (set up in Category A notified backward state) Industrial Undertaking (set up in Category B notified backward state ) Cold chain facility for agriculture produce Any other undertaking including small scale undertaking 1.4.1993 to 1.3.2004 1.10.1994 to 1.3.2004 1.10.1994 to 1.3.2004 1.4.1999 to 1.3.2004 1.4.1991 to 1.3.2005 Owned by a company 100% for first 5 years and 30% for next 5 years. 100% for first 5 years and 30% for next 5 years. 100% for first 3 years and 30% for next 5 years. 100% for first 5 years and 30% for next 5 years. 30% for 10 years. Owned by a Co-operative Society 100% for first 5 years and 25% for next 7 years. 100%for first 5 years and 25% for next 7 years. 100% for first 3 years and 25% for next 9 years. 100% for first 5 years and 25% for next 7 years. 25% for 12 years. Owned by any other person 100 % for first 5 years and 25% for next 5 years. 100% for first 5 years and 25% for next 5 years. 100% for first 3 years and 25% for next 5 years. 100% for first 5 years and 25% for next 5 years. 25% for 10 years. Time Limit Amount of Deduction :
  • 36. Deduction for setting up industries in backward states [Section 80IC] State in which the Industrial undertaking is set up Time Limit for commencement of production or substantial expansion Amount deductible Sikkim December 23, 2002 to March 31, 2007 100% of profit and gain for 10 years commencing from initial assessment year. Himachal Pradesh and Uttaranchal January 7, 2003 to March 100% of profits and gains 31, 2012 for 5 years commencing with the initial assessment year and 25% (30% in case of a company) for the next 5 years. North-Eastern State (i.e. Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura ) December 24, 1997 to March 31,2007 100% of profit and gain of industrial undertaking for 10 years commencing from the initial assessment year.
  • 37. Deduction in respect of profit and gains from Business of hotels in specified area/World Heritage Site and convention centres in specified area [Section 80ID] The deduction is allowed to undertakings engaged in the business of i. Hotels in the specified area ii. Owing and operating a convention centre in the specified area iii. Hotel located in the specified district having a World Heritage Site  The deduction is available to all undertakings irrespective of any specific form of business i.e. Sole proprietor, partnership firm etc.  Undertakings Time limit for construction/commencement of hotel/convention centres For Hotels 1.4.2007 to 31.7.2010 For Convention Centres 1.4.2007 to 31.7.2010 For hotel at World Heritage Site 1.4.2008 to 31.32013
  • 38.      The amount of deduction is equal to 100% of profits and gains of such business of operating and maintaining a hotel or a convention centre. The deduction is available for a period of 5 consecutive assessment years beginning the initial assessment year. Specified area means the National Capital Territory of Delhi and Districts of Faridabad, Gurgaon, Gautam Budh Nagar and Ghaziabad. Hotel means a hotel of Two-star and Four-star category as classified by the Central Govt. Convention Center means a building of a prescribed area comprising of convention halls to be used for the purpose of conference and seminars being of such size and number and having such other facilities and amenities, as may be prescribed.
  • 39. Special provisions in respect of certain undertakings in North-Eastern states [Section 80IE]  The object of this deduction is to promote socio-economic development of North-eastern states i.e. Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura.  This deduction is allowed to undertaking manufacturing or producing any eligible article or thing or undertake substantial expansion or carry on any eligible business from April 1, 2007 to March 31, 2017.  The amount of deduction is equal to 100% of profit and gains derived from such business.  The deduction is available for 10 consecutive assessment years beginning with the initial assessment year.
  • 40. Deduction in respect of Profits and Gains from business of collecting and processing of bio-degradable waste [Section 80JJA] This is available to all Industrial undertakings/ enterprises engaged in collection and processing or treatment of bio-degradable waste for generating power or producing bio-fertilisers, bio-pesticides or making pellets or briquettes for full or organic manure.  Rate of deduction – 100% of profits and gains from such business  Period of deduction – The deduction is available for a period of 5 years beginning with assessment year relevant to the previous year in which such business commences. 
  • 41. Deduction in respect of wages paid for additional company jobs [Section 80JJAA]  This deduction is allowed to Indian company engaged in the manufacture or production of article or thing.  No deduction shall be allowed : i. If the industrial undertaking is formed by splitting up or reconstruction of an existing undertaking or amalgamation with another industrial undertaking ii. Unless the assessee furnishes along with the return of income the report of the accountant to claim this deduction  The amount of deduction is equal to 30% of “Additional Wages” paid to the new “regular workman” employed by the assessee in the previous year.  This deduction shall be allowed for a period of three previous years in which employment is provided.
  • 42.   “Additional wages” means the wages paid to the new regular workmen in excess of one hundred employed during the previous year. “Regular workman” does not include a casual workman or a workman employed through contract labour or any other workman employed for a period of less than 300 days during the previous year.
  • 43. Deduction in respect of certain Incomes of offshore banking units and International Financial Services Centre [Section 80LA]  Assessee entitled – A scheduled bank or any bank incorporated by or under the laws of a country outside India, having an offshore banking unit in a special economic zone, or b) A unit of an International financial services centre. a) Amount of deduction Period of deduction 100% of profits For 5 consecutive assessment years relevant to the previous year in which the permission for such business is obtained from appropriate authority. 50% of profits For next 5 consecutive assessment years .
  • 44. Deduction in respect of income of Co-operative Societies [Section 80P] In the case of co-operative society engaged in following activities can apply for deduction under this section : i. Carrying on the business of banking or providing credit facilities to its members; or ii. A cottage industry; or iii. The marketing of agricultural produce grown by its members; or iv. The purchase of agricultural implements, seeds, livestock or other articles intended for agriculture for the purpose of supplying them to its members; or v. The processing, without the aid of power, of the agriculture produce of its members; or vi. Fishing and allied activities.  The amount of deduction shall be 100% of the profits from these activities.  The amount of deduction shall not exceed – (a) 1,00,000 in case of consumers’ co-operative society and (b) 50,000 in any other case. 
  • 45. Deduction in respect of royalty income, etc., of author of certain books [Section 80QQB]  This deduction is allowed to an individual resident in India includes authors and co-authors only  His gross total income includes any income derived by him in the exercise of his profession, in the copyright of any book being a work of literary, artistic or scientific nature, or of royalty or copyright fees (whether receivable in lump sum or otherwise) in respect of such book  The amount of deduction shall be : (a) Income from royalty from books or (b) ₹ 3,00,000 Whichever is less.
  • 46. Deduction in respect of royalty on patents [Section 80RRB] This deduction is allowed to an assessee : who is an individual (whether resident or N.O.R.) who is a patentee who is in receipt of any income by way of royalty in respect of a patent registered on or after April 1, 2003 under the Patents Act, 1970.  His gross total income of the previous year includes royalty.  The amount of deduction shall be (a) Income from royalty or (b) ₹ 3,00,000 Whichever is less.  i. ii. iii.
  • 47. Deduction in respect of interest on deposits in saving account [Section 80TTA]  This deduction shall be allowed to an individual and a HUF  Eligible income - Interest on deposits (not being time deposits) in a saving account with : i. A banking company to which the Banking Regulation Act, 1949, applies ii. A co-operative society engaged in carrying on the business of banking iii. A post office as defined in Section 2(k) of the Indian Post Office Act, 1898  Amount of deduction : (a) Actual amount of interest or (b) ₹ 10,000 Whichever is less.
  • 48. Deduction in case of a person with disability [Section 80U] To help a disabled person by reducing his tax burden, this section has been incorporated. Following are the provisions :  The assessee is an individual being a resident  He is a person with disability  He is certified by the medical authority to be a person with disability, at any time during the previous year  He furnishes a certificate issued by the medical authority in the prescribed form along the return of income  A fixed deduction of ₹ 50,000 in case of a person with disability ₹ 1,00,000 in case of a person with severe disability (having any disability over 80%)
  • 49. Thank You