Section 80C to Section 80U guide by H&R Block covers all details that you need to know about deductions that can be claimed while filing your. 4 days ago A complete guide on Income Tax deduction under section 80C, 80CCD, 80CCC. Section 80U – Tax Deduction for Disabled Individuals. Deduction Under Section 80C and 80U: Know more about income tax The extensive list of deductions that an individual can claim under Section 80C has.

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Hence, you can see that there are several tax deductions available for the taxpayers under various sections of the Income Tax Act mentioned above.

Section 80CCD provides deductions for investment in pension schemes notified by the Central Government. Signup to your Account.

Section 80 Deduction : Income Tax Deductions under Section 80C, 80CCD, 80CCC

Paid E-filing by Expert CAs. Deductions under Section 80C Tax deductions under section 80C allow you to claim a deduction of maximum Rs 1. I have been paying life insurance premium to a private insurance company. Here’s how to get a certificate for claiming deduction under section 80DDB in your income tax return. It is proposed to extend similar benefit to Farm Producer Companies FPChaving a total turnover upto Rs Crore, whose gross total income includes any income from.

A certain medical authority to certifies the level of disability in a person. Partial NPS withdrawals will be tax free – Budget Under section 80C, a deduction of Rs 1,50, can be claimed from your total income. Log In Sign Up. Most of these tax saving provisions are covered from section 80C to section 80U of the Income Tax Act Interest earned on saving deposits and fixed deposits both shall be eligible for deduction under this provision.


Deduction from gross total income of an individual or HUF, up to a maximum of Rs. Deduction under Section 80RRB Deduction available for income earned by the way royalty for a patent registered on or after In order to encourage creation of new employment, it is proposed to extend this relaxation to footwear and leather industry.

A glance of deductions available u/s 80C to 80U

However, you can change your cookie settings at any time. Individuals with income from business and professions can claim the same under section Deductions under Section 80G Section 80G provides a deduction on contributions made towards an approved charitable institution.

This deduction can only be claimed when the contribution has been made via cheque or draft or in cash. Sum deducted by the government from the salary of an employee for securing a deferred annuity for self, spouse or children. Deduction under Section 80C is available in respect of life insurance premium paid to any insurer approved by the Insurance Regulatory and Development Authority of India, whether public or private.

Please check your email for guide in PDF format. Deduction under Section 80U An individual suffering from disabilities himself is eligible for tax deductions under section 80U. Section 80DDB is available for treatment of certain specified diseases with a deducctions amount of Rs 40, for people below 60 years of age and Rs 1,00, if the person treated, is ceductions senior citizen.

The maximum limit being Rs 3 lakhs.

The individual should not be an artificial judicial person or a local authority. Deduction under Section ID Section ID Assessees who have earned profits from hotels and convention centres provided their establishments veductions in certain specified areas, can claim deduction under this section.

Those involved in other forms of business other than mentioned above are eligible for deduction ranging between Rs 50, and Rs 1,00, depending on the type of work they are involved in. Any reimbursement of medical expenses by an insurer or employer shall be reduced from the quantum of deduction the taxpayer can claim under this section.


Deduction under Section 80IA Assessees can claim deductions on profit generated through industrial activities relating to telecommunication, power generation, industrial parks, SEZs, etc. For claiming the deduction three documents are required such as stamped receipt, the photocopy of the 80G certificate.

Candidate I want to discover awesome companies. Check out the conditions that must be fulfilled and deductions under this section. The purchase of agricultural implements, seeds, livestock or other articles intended for agriculture for the purpose of supplying them to its members.

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However, even if you miss submitting these proofs to your employer, the claim for such investments made can be done at the time of filing your return of income as long as these investments have been made before the end of the relevant FY. Hence, you can claim both premiums paid as a deduction under Lidt 80D.

The investment should be made in such listed investor as per the requirement specified under the notified scheme. Tax payer is an individual and he is employed by the central government on or after January 1,or employed by any other person or self employed. We use cookies to ensure that we give you the best experience on our website.

The deduction can be claimed for royalty on literary, artistic and scientific books. Get CA Assisted Plan. Section 80DD provides a deduction for medical expenses are taken on to take care a differently abled family member dependent on the taxpayer.