Section 80 Deduction Table

Section Deduction on FY 2016-17

Section 80C  Investment in PPF Rs. 1,50,000

 Employee’s share of PF contribution
 NSCs
 Life Insurance Premium payment
 Children’s Tuition Fee
 Principal Repayment of home loan
 Investment in Sukanya Samridhi
Account
 ULIPS
 ELSS
 Sum paid to purchase deferred annuity
 Five year deposit scheme
 Senior Citizens savings scheme
 Subscription to notified
securities/notified deposits scheme
 Contribution to notified Pension Fund
set up by Mutual Fund or UTI.
 Subscription to Home Loan Account
Scheme of the National Housing Bank
 Subscription to deposit scheme of a
public sector or company engaged in
providing housing finance
 Contribution to notified annuity Plan of
LIC
 Subscription to equity shares/
debentures of an approved eligible issue
 Subscription to notified bonds of
NABARD

80CC For amount deposited in annuity plan of –

LIC or any other insurer for pension from a
fund referred to in Section 10(23AAB).

80CCD(1) Employee’s contribution to NPS account –

(maximum up to Rs 1,50,000)
Section Deduction on FY 2016-17

80CCD(2) Employer’s contribution to NPS account Maximum up to 10% of salary

80CCD(1B) Additional contribution to NPS Rs. 50,000

80TTA(1) Interest Income from Savings account Maximum up to 10,000

80GG For rent paid when HRA is not received Least of :

from employer
 Rent paid minus 10% of
total income
 Rs. 5000/- per month
 25% of total income

80E Interest on education loan Interest paid for a period of 8

years

80EE Interest on home loan for first time home Rs 50,000

owners

80CCG Rajiv Gandhi Equity Scheme for Lower of

investments in Equities
 50% of amount invested in
equity shares or
 Rs 25,000

80D Medical Insurance – Self, spouse, children Rs. 25,000

Medical Insurance – Parents more than 60 Rs. 30,000
years old or (from FY 2015-16) uninsured
parents more than 80 years old

80DD Medical treatment for handicapped o Rs. 75,000

dependant or payment to specified scheme
for maintenance of handicapped  Rs. 1,25,000
dependant

 Disability is 40% or more but less

than 80%
Section Deduction on FY 2016-17

 Disability is 80% or more

80DDB Medical Expenditure on Self or Dependent  Lower of Rs 40,000 or the

Relative for diseases specified in Rule amount actually paid
11DD  Lower of Rs 60,000 or the
amount actually paid
 For less than 60 years old  Lower of Rs 80,000 or the
 For more than 60 years old amount actually paid
 For more than 80 years old

80U Self suffering from disability:

 Individual suffering from a physical o Rs. 75,000

disability (including blindness) or
mental retardation.  Rs. 1,25,000
 Individual suffering from severe
disability

80GGB Contribution by companies to political Amount contributed (not allowed

parties if paid in cash)

80GGC Contribution by individuals to political Amount contributed (not allowed

parties if paid in cash)

80RRB Deductions on Income by way of Royalty Lower of Rs 3,00,000 or income

of a Patent received
 CHAPTER VIA DEDUCTIONS :

Gross Total Income (GTI) means the aggregate of income computed under each head as per

provisions of the Act. GTI is computed after giving effect to the provisions for clubbing of

incomes and set off of losses, but before making any deductions under Chapter VIA of the

Act. In order to compute ‘Total Income or Net Total Income’, deductions under Chapter VIA

are considered and adjusted from GTI. The aggregate amount of deductions under Chapter

VIA cannot exceed GTI of the assesse. For the purpose of calculating Income Tax Total
Income will be considered.

Deductions Available under Chapter VIA

Section Brief Information about the Section Deduction Limit

Amount paid or deposited towards life insurance, contribution to

Provident Fund set up by the Government, recognized Provident Fund,
contribution by the assessee to an approved superannuation fund,
subscription to National Savings Certificates, tuition fees, payment/
80C
repayment for purposes of purchase or construction of a residential
house and many other investments. For full list, please refer to section
80C of the Income-tax Act. ( The aggregate amount of deduction under
section 80C, 80CCC and 80CCD(1) shall not exceed Rs. 1,50,000/- )

80C + 80CCC+ 80CCD(1)

Deduction in respect of Payment of premium for annuity plan of LIC or
should be less than or equal to
any other insurer. Deduction is available upto a maximum of Rs.
Rs. 1,50,000
150,000/-.
80CCC
The premium must be deposited to keep in force a contract for an
annuity plan of the LIC or any other insurer for receiving pension from
the fund.

Deduction for contribution in pension scheme notified by the

80CCD(1) Government to the extent of 10% of salary in case of employees and 10%
of total income in case of others.
 Contribution to National Pension Scheme. The deduction is in addition to
80CCD(1B) the maximum deduction of Rs. 1,50,000/- available under 80C, 80CCC Rs. 50,000
and 80CCD(1).

80CCD(2) Contribution by employer in pension scheme notified by the Government Max 10% of salary.

upto 50% of the amount

80CCG Investment in Rajiv Gandhi Equity Saving Scheme invested
( Max. of Rs. 25,000 )

Medical Insurance Premium for Self and family members.

For self, spouce and children ( any one age < 60 yrs ) Rs. 25,000

80D For Parents - Father or mother or both (any one age < 60 yrs) Rs. 25,000

For self, spouce and children ( any one age > 60 yrs ) Rs. 30,000

For Parents - Father or mother or both (any one age > 60 yrs) Rs. 30,000

Deduction in respect of maintenance including medical treatment of Rs. 1 lac - severe diability
80DD
dependent who is a person with disability. Rs. 50,000 - others

Medical treatment of specified disease or ailment for self or dependent

80DDB Max Rs. 40000
relative.

Interest on loan taken for pursuing higher education of self or family

80E No limit
members or a relative.

upto either 100% or 50% with

80G Eligible Donations
or without restriction

80GG House Rent ( for self employed and emp. Who have not recived HRA ) Rs. 60,000

80TTA Interest on Saving accounts Rs. 10,000

Severe Disability - Rs. 1,00,000

80U Person with disability.
General Disability - Rs. 50,000