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ALL SECTION 80C 80 DEDUCTIONS

Section 80 Deduction Table

Section Deduction on FY 2018-19
Section 80C – Investment in PPF
– 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
Rs. 1,50,000
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)
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
80TTB Exemption of interest from banks, post office, etc. Applicable only to senior citizens Maximum up to 50,000
80GG For rent paid when HRA is not received from employer

Least of :

 

– 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 owners Rs 50,000
80CCG Rajiv Gandhi Equity Scheme for investments in Equities

Lower of

 

– 50% of amount invested in equity shares; or
– Rs 25,000

80D Medical Insurance – Self, spouse, children
Medical Insurance – Parents more than 60 years old or (from FY 2015-16) uninsured parents more than 80 years old
 – Rs. 25,000
– Rs. 50,000
80DD

Medical treatment for handicapped dependent or payment to specified scheme for maintenance of handicapped dependent

 

– Disability is 40% or more but less than 80%
– Disability is 80% or more

 – Rs. 75,000
– Rs. 1,25,000
80DDB

Medical Expenditure on Self or Dependent Relative for diseases specified in Rule 11DD

 

– For less than 60 years old
– For more than 60 years old

 – Lower of Rs 40,000 or the amount actually paid
– Lower of Rs 1,00,000 or the amount actually paid
80U

Self suffering from disability:

 

– Individual suffering from a physical disability (including blindness) or mental retardation.
– Individual suffering from severe disability

 – Rs. 75,000
– Rs. 1,25,000
80GGB Contribution by companies to political parties Amount contributed (not allowed if paid in cash)
80GGC Contribution by individuals to political parties Amount contributed (not allowed if paid in cash)
80RRB Deductions on Income by way of Royalty of a Patent Lower of Rs 3,00,000 or income received