Sections Particulars Assessee to whom allowed Quantum of deduction

80A/AB/AC Basic rules of deductions NA NA

80C Deduction in respect of life insurance premia. deferred annuity,
contributions to provident fund, subscription to certain equity shares
or debentures, a term deposit for a fixed period of not less than 5
years with a scheduled bank, bonds issued by NABARD, Post Office 5
year Time Deposit, Senior Citizen Savings Scheme etc.
Individual or HUF Max. Rs. 1,00.000 .
80CCC Deduction in respect of contribution to certain pension funds Only individuals Max. Rs. 1,00,000
Central
Government or any other employee. From
assessment year 2009-10 benefit extended to
self-employed persons also
80CCE Limit of deduction u/ss. 80C, 80CCC and 80CCD Individual or HUF Max. Rs. 1,00,000
In case of individuals
(/) For individual himself, spouse and dependent
children Rs. 15,00
(//) For parents of the individual, whether dependent
or not Rs. 15,000
In case of HUF Rs. 15,000
Note.Addl. Rs. 5,000 if any of the above person
insured is a senior citizen
Sections Particulars Assessee to whom allowed Quantum of deduction
Individual or HUF resident in India: Rs. 50,000 Rs. 75,000
with disability Increased to Rs. 1,00,000 W.e.f. A.Y. 2010-11
with severe disability
80DDB/ Rule
HDD
Deduction in respect of medical treatment, etc. Individual or HUF resident in India For senior
citizen
Rs. 40,000 Addl. Rs. 20.000
80CCD Deduction in respect of contribution to new pension scheme Employers and employees contribution subject to
maximum of 10% of salary
80D Deduction in respect of medical insurance premia Individual or HUF whether resident or non-
resident
80DD/ Rule 11A Deduction in respect of maintenance including medical treatment of
person with physical disability
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80E Deduction for interest paid on loan taken for pursuing his higher
education or for the purpose of higher education of his relative. W.e.f.
A.Y. 2010-11 meaning of higher education has been enlarged to cover
all post schooling courses Relative means the spouse and children of
the individual.
Individual whether resident or not Actual amount paid
80G/Rules (a) 100% or 50% of eligible
UAA& donations, without applying
18AAA qualifying limit in certain
cases
(b) 100% or 50% of eligible
donations, after applying
Qualifying limit of 10% of
adjusted GTI.
80GG and Rule
1 IB
Deductions in respect of rent paid Individual only Maximum Rs. 2,000 p.m.
80GGA Deduction in respect of certain donations for scientific research or
rural development, etc.
Ail assessees not having business income. 100% of sum donated
Deduction in respect of contribution to political parties.
W..e.f. A.Y. 2010-11, contribution to Electoral Trust also eligible for
deduction.
Deduction in respect of contribution to political parties.
W.e.f. A.Y. 2010-11, contribution to Electoral Trust also eligible for
deduction
Sections Particulars Assessee to whom allowed Quantum of deduction
80-IA/ Rules
18BBA & 18BBE
Deduction in respect of profits and gains from industrial undertakings
or enterprises engaged in infrastructure development, etc.
Industrial undertaking or enterprises engaged in
infrastructure development, etc.
100% of profits for 10 consecutive assessment years in
all cases except in case of telecommunication where it
shall be 100% for first 5 years and 30% for next 5 years
Deduction in respect of donations to certain funds, charitable
institutions, etc.
All assessees
80GGB Indian companies 100% of sum contributed
80GGC All assessees (except local authority and artificial
judicial person)
100% of sum contributed
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80-IAB Deduction in respect of profits and gains by an undertaking a
enterprise engaged in development of Special Economic Zone
an assessee, being a Developer, who derives any
profits and gains from an undertaking or an
enterprise from any business of developing a
Special Economic Zone
100% of the profit for 10 consecutive assessment year
80-IB/ All assesses engaged in the business of Industrial 25% to 100% for prescribed no. of years.
Rules undertakings/hotels/ ships/infrastructure
development/ scientific and industrial research
and development. W.e.f. A.Y. 2009-10, profit
from the business of a hospital in any area other
than specified area
100% of the profit for a period of 5 consecutive
assessment years
18AAB, Production and refining of mineral oil 100% of the profits for a period of 7 consecutive
assessment years
18BBC&
18DA
80-IC Deduction in respect of certain undertakings or enterprises in certain
special category States
All assessees deriving income from an
under-takings or enterprises situated in special
category States which begin manufacturing/
production between specified dates
25% to 100% of profits
80-ID Deduction in respect of profits and gains from business of hotels and
convention centres in specified area
All assessees engaged in the business of hotel or
engaged in the msiness of
100% for 5 consecutive assessment years
Sections Particulars Assessee to whom allowed Quantum of deduction
building, owning and operating a convention
centre
W.e.f. A.Y. 2009-10 hotels located in specified
districts having a World Heritage Site in India
Deduction in respect of profits and gains from certain industrial
undertakings other than infrastructure development, etc.
100% for 5 consecutive assessment years
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80-IE Deduction in respect of profits and gains from an undertaking in any
of the North-Eastern States
Assessees who have begun or begin to
manufacture or produce eligible articles or
things or undertake substantial expansion or
carry on any eligible, business on or after. 1-4-
2007.
100% for 10 consecutive assessment years
80JJA Deduction in respect of profits and gains from business of collecting
and processing of bio degradable waste
All assessees 100% of profit for 5 years
80JJAA/ Rule
19AB
Deduction in respect of employment of new workmen Only Indian companies 30% of additional wages for 3 years
80LA Deduction in respect of certain income of offshore Banking Units Only Scheduled Banks owning etaxindia.org
offshore Banking Units in a special economic
zone
100% for first 5 years and 50% for next 5 years
80P Deduction in respect of income of co-operative societies except in
case of certain co-operative banks.
Co-operative societies 100% of profit but in some eases amount is fixed at RV.
1,00,000/Rs. 50,000
80QQB Deduction in respect of royalty income, etc. of authors of certain
books other than text books
Individuals who are residents in India and are
authors
Actual income or Rs. 3,00,000, whichever is less
100% of such income or
Rs. 3,00,000 whichever is less
Resident individual:
with disability
with severe disability
80RRB Deduction in respect of royalty on patents Individual who is resident in India and is a
patentee
80U/Rule 11D
,
Deduction in the case of permanent physical disability (including
blindness). etaxindiaorg
Rs. 50,000 Rs. 75,000
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