Deductions

Deductions from Gross Total Income available under chapter VIA are as follows:

Sec.	Applicable to	Condition(s)	Deduction
80C	Individual and HUF	Investment in LIC, PPF, NSC, etc. (Click here)	Maximum Rs.100000
80CCC	Individual	Deposit in LIC or other insurer's annuity plan	Maximum Rs.100000
80CCD	Individual	Assessee has in the previous year paid or deposited any amount in his account under a pension scheme notified by the Central Government.	In case of salaried individual: Aggregate of the amount paid or deposited in such pension scheme: By himself (to the maximum of 10% of salary). By the employer (to the maximum of 10% of salary) Salary means Basic + DA, if the terms of employment so provide. In other cases: 10% of GTI
80CCE	Max. deduction u/s 80C, 80CCC and 80CCD, in aggregate, cannot exceed Rs.100000. For A.Y. 2012-13, the limit is further enhanced by employer's contribution eligible for deduction u/s 80CCD(2). In other words, maximum deduction u/s 80C, 80CCC and 80CCD, in aggregate, cannot exceed [Rs.1,00,000 + Employer's Contribution to pension scheme referred u/s 80CCD (Subject to maximum of 10% of salary)]
80CCF	Individual and HUF	Investment in long term infrastructure bond	Maximum Rs.20000
80D	Individual & HUF	Paid medical insurance for relative by any mode other than cash from taxable income. Note: Individual can also contribute to the Central Government Health Scheme for himself / spouse / dependent children	Maximum Rs.15000 / Rs.20000 (in case insured is a senior citizen)
80D	Individual & HUF		(Additional Rs.15000 / Rs.20000 for parents)
80DD	Resident individual & resident HUF	Assessee has disable dependant relative. Assessee deposited medical certificate along with return.	Rs.100000 for severe disability. Rs.50000 for non-severe disability
80DDB	Resident individual & resident HUF	Assessee himself or his relative is suffering from specified diseases Assessee deposited medical certificate along with return.	Maximum [Rs.40000 - Mediclaim received or Amount reimbursed by employer]
80DDB	Resident individual & resident HUF	Where the patient is a senior citizen	Maximum [Rs.60000 - Mediclaim received or Amount reimbursed by employer]
80E	Individual	Assessee is repaying the interest on loan (taken for higher education).	Interest paid during the year for a maximum period of 8 years
80G	All assessee	Assessee donated an amount (otherwise than in kind) to specified organisations or funds.	50% or 100% of amount donated (subject to limit applicable, if any, on amount of donation)
80GG	Individual	Assessee is paying rent. He or his relative has no house at the place of employment of the assessee. He is neither receiving HRA nor has claimed any benefit for self occupied property. Assessee submitted Form 10BA along with return of income.	Minimum of the following: Rs.2000 p.m. 25% of Adjusted GTI Rent paid - 10% of adjusted GTI
80GGA	Any assessee not having income under the head "Profits & gains of business or profession"	Assessee has contributed certain amount for rural development, scientific research, etc.	Amount so contributed.
80GGB	Indian Company	Assessee contributed an amount to political party or an electoral trust	Amount so contributed
80GGC	All assessee other than local authority or artificial juridical person, which is wholly or partly financed by Govt.		Amount so contributed
80-IA	Specified Assessee	Engaged in specified business and subject to other conditions	100% / 50% of profit of such business for certain years.
80-IAB	All assessee	Engaged in the business of developing SEZ	100% of profit of such business
80-IB	Specified Assessee	Engaged in specified business and subject to other conditions	100% / 50% of profit of such business for certain years.
80-IC	All assessee	Engaged in production of specified article in Sikkim, Himachal Pradesh, Uttaranchal and North-Eastern States	100% / 25% / 30% of profit of from such unit for certain years.
80-ID	All assessee	Engaged in the business of hotel or convention centre in Delhi and nearby	100% of profit of such business
80-ID	All assessee	Engaged in the business of hotel in specified world heritage site	100% of profit of such business
80-IE	All assessee	Engaged in the specified business in North-Eastern States	100% of profit of such business
80JJA	All assessee	Assessee engaged in the business of processing of bio-degradable waste	100% of profit of such business for 5 years.
80JJAA	Indian company being a new industrial undertaking engaged in production of article or thing.	Assessee employed more than 100 new workmen in the first year and increased 10% worker in 2nd and 3rd year. A certificate (in Form 10DA) of chartered accountant is to be submitted signifying that deduction has been correctly claimed.	30% of salary paid to new workmen during such years.
80LA	- A scheduled bank - Any other bank incorporated by or under the laws of a country outside India. - Unit of an International Financial Services Center.	Assessee has a branch in SEZ. A certificate of chartered accountant is to be submitted signifying that deduction has been correctly claimed.	100% of income of such branch for 5 years; and 50% of income of such branch for next 5 years.
80QQB	Resident Individual	Assessee is author of the specified book. He earned royalty income (whether received in lump sum or otherwise). A certificate from the payer in Form 10CCD is to be submitted along with return of income. In case income is earned outside India, money must be brought into India in convertible foreign exchange and a certificate must be obtained from the prescribed authority.	Minimum of the following (as the case may be): Royalty fee (to the maximum of 15% of the value of the book sold; or Lump sum fee; Income brought into India in convertible foreign exchange; or Rs.300000
80RRB	Resident Individual	Assessee is a patentee. He earned royalty income (whether received in lump sum or otherwise). A certificate from the payer in Form 10CCE is to be submitted along with return of income. In case income is earned outside India, money must be brought into India in convertible foreign exchange within 6 months from the end of the P.Y. and a certificate must be obtained from the prescribed authority.	Minimum of the following (as the case may be): Royalty fee or Lump sum fee; Income brought into Indian in convertible foreign exchange; or Rs.300000
80U	Resident Individual	Assessee himself suffering from disabilities. Medical certificate submitted along with return of income.	For severe disability Rs.100000 For non-severe disability Rs.50000

General Points

Deductions under chapter VIA are not available from long-term capital gain, short term capital gain covered u/s 111A (i.e., STCG on which STT is charged); and casual income like winning from lotteries, races, etc.
The aggregate amount of deduction under chapter VIA cannot exceed Gross Total Income of the assessee excluding long-term capital gain, short term capital gain covered u/s 111A (i.e., STCG on which STT is charged); and casual income like winning from lotteries, races, etc.
Deduction under chapter VIA shall be available only if the assessee claims for it.
Where deduction under any section of chapter VIA has been claimed then the same shall not qualify for deduction in any other section.