Deduction Under Chapter VI-A

(Sections 80C to 80U) PFM

• Vashist Verma
• Suraj Kumar Jha
• Ravi Pandey
 Salary
Monthly remuneration earned through
employment. Consider all wages (daily, weekly, bi-
weekly) under this head of income.

Gross Total Income

House Property
Any rental income that an individual earns as rent
from a residential or commercial property.

S.H.C.B.O. Capital Gains

Any profit or gain or loss that arises from the sale
or transfer of capital assets (shares, securities,
real estate, mutual funds, etc.) is taxable under
the head capital gains.

Business Profit
The income that one earns through transactions of a
business or setting up a profession.

Income from Other Sources

Consider any income that does not fall under the
above four heads of income (bank interest,
dividends, etc.).
 Salary
Monthly remuneration earned through
employment. Consider all wages (daily, weekly, bi-
weekly) under this head of income.

House Property
Gross Total Income Any rental income that an individual earns as rent
from a residential or commercial property.

S.H.C.B.O. Capital Gains

Any profit or gain or loss that arises from the sale
or transfer of capital assets (shares, securities,
real estate, mutual funds, etc.) is taxable under
the head capital gains.

Business Profit
The income that one earns through transactions of a
business or setting up a profession.

Income from Other Sources

Consider any income that does not fall under the
above four heads of income (bank interest,
dividends, etc.).
 Salary
Monthly remuneration earned through
employment. Consider all wages (daily, weekly, bi-
weekly) under this head of income.

House Property
Gross Total Income Any rental income that an individual earns as rent
from a residential or commercial property.

S.H.C.B.O. Capital Gains

Any profit or gain or loss that arises from the sale
or transfer of capital assets (shares, securities,
real estate, mutual funds, etc.) is taxable under
the head capital gains.

Business Profit
The income that one earns through transactions of a
business or setting up a profession.

Income from Other Sources

Consider any income that does not fall under the
above four heads of income (bank interest,
dividends, etc.).
 Salary
Monthly remuneration earned through
employment. Consider all wages (daily, weekly, bi-
weekly) under this head of income.

House Property
Gross Total Income Any rental income that an individual earns as rent
from a residential or commercial property.

S.H.C.B.O. Capital Gains

Any profit or gain or loss that arises from the sale
or transfer of capital assets (shares, securities,
real estate, mutual funds, etc.) is taxable under
the head capital gains.

Business Profit
The income that one earns through transactions
of a business or setting up a profession.

Income from Other Sources

Consider any income that does not fall under the
above four heads of income (bank interest,
dividends, etc.).
 Salary
Monthly remuneration earned through
employment. Consider all wages (daily, weekly, bi-
weekly) under this head of income.

House Property
Gross Total Income Any rental income that an individual earns as rent
from a residential or commercial property.

S.H.C.B.O. Capital Gains

Any profit or gain or loss that arises from the sale
or transfer of capital assets (shares, securities,
real estate, mutual funds, etc.) is taxable under
the head capital gains.

Business Profit
The income that one earns through transactions of a
business or setting up a profession.

Income from Other Sources

Consider any income that does not fall under the
above four heads of income (bank interest,
dividends, etc.).
 Deduction under
80C
80C
80C
Chapter VI-A
Sections 80C
 80C
DEDUCTION Eligible MAX.
Specified Investments Individual & HUF ₹1,50,000
Made During The PY
 NATIONAL SAVING CERTIFICATE (NSC)

LIFE EXPENSE
INSURANCE HP

80C
80C
FIXED
DEPOSITS
PUBLIC PROVIDENT FUND REPAYMENT OF HOUSING LOAN
 02
POST OFFICE
Five Year Post Office 03
SSS
Sukanya Samridhi Scheme

80C
80C

80C
01
SCSS 04
Senior Citizen Saving Scheme TUTION FEES
Only to an
Individual
 Section 80CCC
Contribution To Pension Fund Of LIC Or Other Insurance Company

Eligible
Individual

80CCC
Max. Deduction
₹ 1,50,000
 Section 80CCD
Contribution To Pension Scheme Of Central Govt./New Pension Scheme/Atal Pension Yojna

Eligible
Individual

80CCD
Max. Deduction
No Limit
 Section 80CCE
Aggregate deduction u/s 80C + 80CCC + 80CCD(1) is restricted to Maximum ₹ 1,50,000.

80C + 80CCC + 80CCD(1)

₹ 1,50,000
 Section 80D
Deduction in respect of Medical Insurance Premium, Central Govt. Health
Scheme, Preventive Health Checkup& Medical Treatment

Eligible
Individual & HUF

80D
Max. Deduction
₹ 25,000
(For Senior Citizen ₹ 50,000)
 Section 80U
Deduction for Handicapped Assesse

Eligible
Individual

80U
Max. Deduction
FLAT DISCOUNT
Normal Disability : ₹ 75,000
Severe Disability : ₹1,25,000
 Section 80DD
Deduction in respect of Medical treatment & Maintenance of Handicapped
dependent relative

Eligible
Individual & HUF

80DD
Max. Deduction
FLAT DISCOUNT
Normal Disability : ₹ 75,000
Severe Disability : ₹1,25,000
 Section 80DDB
Deduction in respect of Medical treatment of Specified Disease

Eligible
Individual & HUF

80DDB
Max. Deduction
Normal : ₹ 40,000
Senior : ₹1,00,000
 Section 80E
Deduction in respect of Interest on Loan for Higher Education in India Or
Abroad [any course after 12th ]

Eligible
Individual

80E
Max. Deduction
Interest Amount for a period of 8
Consecutive Year
 Sections

Deduction in respect of interest Section 80EE

of housing loan Max ₹ 50,000
1

Section 80EE A Deduction in respect of interest of

2 housing loan Max ₹ 1,50,000
Deduction in respect of interest
Section 80EEB
on Electric Vehicle Loan –
Max. ₹ 1,50,000
3

Section 80G Deduction for Donation to Funds

4 & Charitable Institution –
Unlimited Category and Limited
Category

30% Additional employee cost Section 80JJAA

(deduction allowed for 3
consecutive years.)
5
 Other Sections

Section Section Section

80QQB RRB 80TTA

Royalty Royalty Interest On

From Books From Saving
Of Literacy, Patents Account
Artist,
Scientific
Nature
 Other Sections

Section Section Section

80QQ RR 80TTA
B B
Royalty from
Books of literacy,
Royalty Interest on
artist, from Saving
scientific nature
Paatents Account
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