Deductions To Be Made In While Computing Total Income

1. U/S 80 C : Under this section rebate is allowed on the following subject to a maximum of Rs.
150000
(I) Own contribution to R. P. F. /P.P.F./S.P.F.
(II) L. I. C. Premium paid on life of his own/spouse/children ( if the policy has been
taken before 1st April 2012 then maximum rebate is 20% of policy value otherwise
10%)
(III) Investment and interest on N. S. C. 8th and 9th issue
(IV) Investment in Unit Linked Insurance Plan.
2. U/S 80 D : Under this section rebate is available regarding payment of medical or health
insurance for own, parents, spouse or children subject to a maximum of 25000 Rs. (For senior
citizens 50000 Rs.) If payment is made by cheque.
3. U/S 80 DD : If assessee incurred expenses on treatment of any depandant relative who is
physically or mentally disabled or blind then 75000 Rs. Is deductible. In serious condition 125000
Rs. Is deductible.
4. U/S 80 G : This rebate is available regarding donations.
Conditions: 1. Donation should not be in form of any material or article.
2. Donation should not be related to any particular caste or religion. However this restriction is
not applicable for S. C/S.T.
3. Donation more than 1000 Rs. Should not be in cash.
Donations are taken into 2 categories:
A. Donation Without Limit
B. Donation With Limit

A. Donation Without Limit : These are also taken into 2 categories :

(a) 100% Deductible: Donation to followings are 100% deductible:
(I) National Defence Fund
(II) National Relief Fund
(III) Arminia Earthquake Fund
(IV) Africa Fund
(V) National Foundation For Communal Harmony
(VI) University or Educational Institute of National Importance
(VII) C. M. Earthquake Relief Fund (Maharashtra)
(VIII) C. M. Flood Victims Relief Fund (Gujrat)
(IX) District Literacy Society
(X) Army Welfare Fund
(XI) C. M. Cyclone Relief Fund (Andhra Pradesh)
(XII) National Sports Fund And Cultural Fund
(XIII) National Children Fund
(XIV) Donation To Govt. Or Local Authority For Family Planning (Not
more than Q. A.)
(b) 50% Deductible: Donation to followings are 50% deductible:
(I) National Draught Relief Fund
(II) Jawahar Lal Nehru Memorial Trust
 (III) Indira Gandhi Memorials
(IV) Rajeev Gandhi Foundation.
B. Donation With Limit: For donation to followings 50% of Q. A. Or 50% of donation,
whichever is less is deductible:
(I) Donation to any registered charitable trust
(II) Donation to any building of historical importance
(III) Donation to any notified temple, church etc.
(IV) Donation to an educational institute.
5. U/S 80 TTA: Under this section interest on saving account is deductible subject to a maximum of
10000 Rs.
6. U/S 80 TTB: Under this section interest is deductible subject to a maximum of 50000 Rs. For
senior citizens only.
7. U/S 80 U : If assessee is physically or mentally disabled or blind then 75000 Rs. Is deductible. In
serious condition 125000 Rs. Is deductible.