Section 80 Deduction Table

Section 80 Deduction Table

SectionDeduction on
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
  • 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

80CCFor 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
80CCD(1B)Additional contribution to NPS
80TTA(1)Interest Income from Savings account
80GGFor rent paid when HRA is not received from employer
80EInterest on education loan
80EEInterest on home loan for first time home owners
80CCGRajiv Gandhi Equity Scheme for investments in Equities
80DMedical Insurance – Self, spouse, children
Medical Insurance – Parents more than 60 years old or (from FY 2015-16) uninsured parents more than 80 years old

80DDMedical treatment for handicapped dependant or payment to specified scheme for maintenance of handicapped dependant
  • Disability is 40% or more but less than 80%
  • Disability is 80% or more

80DDBMedical Expenditure on Self or Dependent Relative for diseases specified in Rule 11DD
  • For less than 60 years old
  • For more than 60 years old
  • For more than 80 years old

80USelf suffering from disability:
  • Individual suffering from a physical disability (including blindness) or mental retardation.
  • Individual suffering from severe disability

80GGBContribution by companies to political parties
80GGCContribution by individuals to political parties
80RRBDeductions on Income by way of Royalty of a Patent

Jack Elixir

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