All about Deductions – myITreturn Help Center

Tax deductions under Chapter VIA help the assessee reduce his total income to lower his tax burden.

The conditions for claiming deductions under Chapter VIA are as follows:

Section	Particulars	Limit
80C	Investment in LIC Investment in National Savings Certificate Investment in Provident Fund Tuition Fee ULIP ELSS Mutual Funds Bank Fixed Deposit (More than 5 Year Housing Loan Principal Repayment Investment in Employee Provident Fund Stamp duty Sukanya Samridhi Scheme	The maximum deduction amount in aggregate u/s 80C,80CCC & 80CCD(1) is Rs.1,50,000 or amount eligible, whichever is lower. The maximum deduction amount in aggregate u/s 80C,80CCC & 80CCD(1) is Rs.1,50,000 or amount eligible, whichever is lower. The maximum deduction amount in aggregate u/s 80C,80CCC & 80CCD(1) is Rs.1,50,000 or amount eligible, whichever is lower.
80CCC	Pension Fund
80CCD(1)	Employee's Contribution to Pension Scheme
80CCD(1B)	National Pension Scheme Contribution (additional deduction) and Atal Pension Yojana Contribution	Upto Rs 50000/-
80CCD(2)	Contributions by employers to the National Pension Scheme	If the employer is Central Government - Amount Contributed or 14% of salary, whichever is less. In the case of other employers - The amount Contributed or 10% of salary, whichever is less.
80D	Preventive health checkups and medical expenditures	Rs.25,000 (for self and family) for all taxpayers. Rs.50,000 in the case of Senior Citizen. Rs.25, 000 for parents & Rs. 50,000(For senior citizen parents). Rs. 5,000 is allowed for the preventive health check
80E	Interest on Loan on Higher Education	The amount of interest paid on education loans is not limited (up to eight assessment years)
80G	Donation	50% /100% of Donation (as eligible).
80GG	Rent	Lower of: Rent paid- 10% of Adjusted Total Income 25% of the Adjusted Total Income Rs.5,000/- per month
80TTA	Interest on Deposit in a Saving Bank Account	Up to Rs. 10,000/- for individuals & HUF
80TTB	Interest Income earned on deposits(Savings/ FDs)	Up to Rs. 50,000 shall be allowed to resident individuals who are senior citizens.
80DD	Medical Care for Dependents with Disabilities	Rs.75,000 in case of disability. Rs.1,25,000 in case of severe disability.
80DDB	Medical expenditure for treatment of Specified Diseases	Rs.40,000, in case of Senior Citizen and Very Senior Citizen Rs 100000/-.
80GGA	Deduction in respect of certain donations for scientific research or rural development.	Any amount Paid ( Rs 10000 if paid in cash).
80GGC	Deduction in respect of contributions given by any person to political parties.	100 % (only if paid in a mode other than cash).
80QQB	Deduction in respect of royalty income, etc., of authors of certain books other than textbooks.	Royalty received or Rs 3 lacs whichever is less.
80RRB	Deduction in respect of royalty on patents.	Royalty received or Rs 3 lacs whichever is less.
80U	Person with Disability	Rs 75,000/- in the case of a person with a disability and Rs 1,25,000/- in the case of a person with severe disability.
80EEA	Interest Paid on Housing Loan	Upto Rs 1,50,000 subject to some conditions
80EEB	Interest paid on Electric Vehicle Loan	Upto Rs 1,50,000 subject to some conditions
80EE	Interest paid on Housing Loan	Upto Rs 50,000 subject to some conditions
80CCH	Where an assessee, being an individual enrolled in the Agnipath Scheme and subscribing to the Agniveer Corpus Fund on or after the 1st day of November 2022, has in the previous year paid or deposited any amount in his account in the said fund Where the Central Government makes any contribution to the account of an assessee in the Agniveer Corpus Fund	Allowed a deduction in the computation of total income, of the whole of the amount so paid or deposited Allowed a deduction in the computation of total income of the whole of the amount so contributed

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