This document discusses various tax deductions available under Sections 80C to 80U of the Indian Income Tax Act. Key deductions include: - Investments in retirement funds, life insurance, tuition fees, home loans (Section 80C, up to Rs. 150,000) - Contributions to pension funds (Section 80CCC, up to Rs. 150,000) - Medical insurance premiums for self, spouse, dependents and parents (Section 80D, up to Rs. 50-75,000) - Interest on education loans and home loans (Section 80E and 80EE, up to Rs. 50,000 each) - Donations to charitable organizations (Section 80G, tax deductible

1. Section 80C to 80U
[Tax Saving Instruments,
Investment and Opportunities]

2. Computation of total income and tax payable
Income from salary xx
Income from house property xx
Income from capital gain xx
Profits and gains from business or profession xx
Income from other source xx
Gross total income xx
Less: deduction under chapter VIA xx
(section 80C to 80U)
Total Taxable income xx
2
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3. Section 80C to 80U:
Section
 80C- Investment in LIP, FD, PPF,
Repayment of housing loan, Tuition fee, Mutual fund etc
 80CCC- Contribution to certain Pension scheme
 8CCD- Contribution to Pension scheme of Central Govt.
 80D- Medical insurance premium
 80DD- Medical treatment of dependent relatives
 80DDB- Medical treatment of prescribed disease
 80E- Interest on loan for higher education
 80EE- Interest on loan for house property by an Individual
 80G- Donations
 80GG- Rent paid
 80GGA- Donation for scientific research and rural development
 80GGB- Contribution by companies to political parties
 80GGC- Contribution by any person to political parties
 80TTA- Interest on deposits in saving accounts
 80TTB- Interest on deposits in case of senior citizens
 80U- Person with disability (self)

4. Deduction under section 80C:
Deduction in respect of life insurance premium, on
the life of self, spouse and children. Such deduction
shall be available to the extent of amount of
premium paid or 10% of capital sum assured,
whichever is lower.
However it shall be limited to 15% of capital sum assured
if policy is taken after 1st April 2013 on any person who
is-
(a) A person with disability or severe disability as
referred to in section 80U
(b) Suffering from ailment or disease as specified in rule
made under section 80DDB.
Note-Exemption under section 10 (10D):

5. Fixed deposits, if made for 5 years or more,
Repayment of principal amount of housing loan taken
for construction or acquisition of any residential
house,
Investment in public provident fund,
Employee contribution to recognized provident fund,
Tax saving bonds covered under section 80C,
Tuition fee paid for full time course of secondary or
senior secondary or graduation level,
Any amount deposited in Sukanya Samridhi yojna.
Subscription to National Saving Certificate VIII issue
Note: Such deductions shall be allowed on the basis of
investment made during the relevant previous year.
However, such deduction shall not exceed Rs. 1,50,000.

6. Deduction in respect of certain pension funds:
[Section 80CCC]
Maximum permissible deduction is Rs. 1,50,000.
Deduction in respect of contribution to pension scheme
notified by the Central Government: [Section 80CCD]
“Atal Pension Yojna”
A person working under Central Government has to
contribute 10% of salary towards their pension account.
The deduction in case of self- employed individual would
be limited to 20% of gross total income in the previous
year.
Additional deduction of Rs. 50,000 in respect of amount
deposited towards NPS. [Section 80CCD(1B)]

7. Limit on deduction under section 80C, 80CCC &
80CCD: [Section 80CCE]
This section restricts the aggregate amount of deduction
under section 80C + 80CCC + 80CCD to Rs. 1,50,000.
It is to be noted that deduction of Rs. 50,000 u/s 80CCD
(1B) and employer’s contribution to pension scheme
(allowable as deduction u/s 80CCD(2) in the hands of
employee) shall be outside the overall limit of Rs.
1,50,000.

8. Deduction for Health/ Medical insurance premium:
[Section 80D]
 Deduction in respect of medical insurance or health
insurance including preventive health check up on the
health of individual self, spouse, dependent children and
parents, and medical expenditure in respect of very senior
citizen
 In case of HUF- any member thereof.
Such deduction shall be limited to-
 On the health of self, spouse and dependent children Rs.
25,000
 On the life of parent or parents Rs. 25,000 , if one is senior
citizen Rs. 50,000
 Amount paid on medical expenditure of very senior citizen,
who is a resident in India,
 Contribution to CGHS/ Preventive health check up
maximum Rs. 5,000

10. Deduction in respect of medical treatment of
dependent disabled relatives: [Section 80DD]
The quantum of deduction shall be limited to Rs. 75,000
and in case of severe disability Rs. 1,25,000.
Relatives means in case of individual the spouse,
children, parents, brother and sister of the
individual who is wholly or mainly dependant on such
individual.
Incase of HUF, any member there of.

11. Deduction in respect of medical treatment of
certain prescribed disease:[Section 80DDB]
Maximum amount of deduction allowed shall be Rs.
40,000 or actual amount paid whichever is less.
Incase of senior citizen =Rs. 1,00,000

12. Deduction in respect of interest on loan taken
for higher education: [Section 80E]
Maximum allowed deduction shall be “actual amount
paid” in relation with interest on loan taken for
higher education.
Deduction in respect of interest on loan for construction
or acquisition of house: [Section 80EE]
Maximum deduction of Rs. 50,000

13. The maximum allowed deduction is Rs. 1,50,000 over and
above u/s 24(b).

14. Deduction in relation with donation [Section 80G]
A. 100% deduction without qualifying limit
B. 50% deduction without qualifying limit
C. 100% deduction with qualifying limit
D. 50% deduction with qualifying limit
Qualifying limit = 10% of adjusted total income
Adjusted total income = Gross total income – Deduction
other than section 80G

17. Deduction in respect of interest on savings account
[Section 80TTA]
Firstly income from interest shall be disclosed under the
head income from other source.
Afterwards, allowed as deduction from gross total
income.
Maximum allowed deduction is Rs. 10,000.

18. Other deductions:
80U
80GG
80P
80QQB
80RRB