{"id":5950,"date":"2023-06-29T13:10:38","date_gmt":"2023-06-29T13:10:38","guid":{"rendered":"https:\/\/www.caindelhiindia.com\/blog\/?p=5950"},"modified":"2025-06-03T19:44:31","modified_gmt":"2025-06-03T19:44:31","slug":"deductions-u-s-80c","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/deductions-u-s-80c\/","title":{"rendered":"Deductions U\/S 80C under Schedule VI of Income Tax"},"content":{"rendered":"<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5890\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/07\/80c.jpg\" alt=\"80c\" width=\"1280\" height=\"1170\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/07\/80c.jpg 1280w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/07\/80c-300x274.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/07\/80c-1024x936.jpg 1024w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/07\/80c-768x702.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/07\/80c-800x731.jpg 800w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/h2>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dceeade5267\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dceeade5267\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/deductions-u-s-80c\/#INCOME_TAX_DEDUCTIONS_UNDER_SECTION_80C\" title=\"INCOME TAX DEDUCTIONS UNDER SECTION 80C: \">INCOME TAX DEDUCTIONS UNDER SECTION 80C: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/deductions-u-s-80c\/#DEDUCTIONS_UNDER_SCHEDULE_VI\" title=\"DEDUCTIONS UNDER SCHEDULE VI\">DEDUCTIONS UNDER SCHEDULE VI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/deductions-u-s-80c\/#DEDUCTIONS_UNDER_SCHEDULE_VI-_OTHER_THAN_SECTION_80C\" title=\"DEDUCTIONS UNDER SCHEDULE VI- OTHER THAN SECTION 80C\">DEDUCTIONS UNDER SCHEDULE VI- OTHER THAN SECTION 80C<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/deductions-u-s-80c\/#Income_Tax_Slab_Rate_for_AY_2025-26_for_Individual\" title=\"Income Tax Slab Rate for AY 2025-26 for Individual\">Income Tax Slab Rate for AY 2025-26 for Individual<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/deductions-u-s-80c\/#Additional_Details_Now_Mandatory_for_claiming_the_Deduction_in_ITR\" title=\"Additional Details Now Mandatory for claiming the Deduction in ITR\u00a0\">Additional Details Now Mandatory for claiming the Deduction in ITR\u00a0<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/deductions-u-s-80c\/#House_Rent_Allowance_HRA\" title=\"House Rent Allowance (HRA):\">House Rent Allowance (HRA):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caindelhiindia.com\/blog\/deductions-u-s-80c\/#Insurance_Sections_80C_80D\" title=\"Insurance (Sections 80C, 80D):\">Insurance (Sections 80C, 80D):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.caindelhiindia.com\/blog\/deductions-u-s-80c\/#Loan_Deductions_80E_80EE_80EEA_80EEB\" title=\"Loan Deductions (80E, 80EE, 80EEA, 80EEB):\">Loan Deductions (80E, 80EE, 80EEA, 80EEB):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.caindelhiindia.com\/blog\/deductions-u-s-80c\/#EV_Loan_Deduction_80EEB\" title=\"EV Loan Deduction (80EEB):\">EV Loan Deduction (80EEB):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.caindelhiindia.com\/blog\/deductions-u-s-80c\/#What_Taxpayers_Should_Do\" title=\"What Taxpayers Should Do:\">What Taxpayers Should Do:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.caindelhiindia.com\/blog\/deductions-u-s-80c\/#New_Income_tax_Section_80JJAA\" title=\"New Income tax Section 80JJAA \">New Income tax Section 80JJAA <\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"INCOME_TAX_DEDUCTIONS_UNDER_SECTION_80C\"><\/span><span style=\"color: #000080;\"><strong>INCOME TAX DEDUCTIONS UNDER SECTION 80C: <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Under section 80C, every individual and HUF, is provided with a deduction of amount up to Rs.1,50,000. To avail such deductions, the prescribed taxpayers, need to invest in any of the following options \u2013<\/p>\n<ul>\n<li>Life insurance premium payment<\/li>\n<li>Annuity plan of LIC or any other notified insurers.<\/li>\n<li>Unit Linked Insurance Plan (ULIP) of UTI or ULIP of LIC mutual fund u\/s 10(23D) contribution<\/li>\n<li>PPF (Public Provident Fund) contribution<\/li>\n<li>Non-commuted deferred annuity plan payment<\/li>\n<li>Amount deducted from government employee salary for the purpose of securing him of deferred annuity<\/li>\n<li>SRF\/RPF contribution<\/li>\n<li>Tuition fees payment<\/li>\n<li>Repayment of housing loan<\/li>\n<li>Superannuation Fund contribution<\/li>\n<li>Senior Citizen Scheme investment<\/li>\n<li>PPF investment<\/li>\n<li>5-year FD investment<\/li>\n<li>Sukanya Samridhi Yojana investment<\/li>\n<li>Mutual Funds (Equity Linked Saving Scheme) investment<\/li>\n<li>Subscription to any deposit scheme\/pension fund of National Housing Bank (NHB)<\/li>\n<li>the Subscription to bonds issued under the scheme of National Bank for Agriculture and Rural Development (NABARD)<\/li>\n<li>Subscription to notified deposit scheme of Public Sector Housing Finance Company and Housing Development Authority of cities, towns and villages<\/li>\n<li>Subscription to equity shares or debentures of a Company or any Public financial institution, where the proceeds are utilized for infrastructure purpose.<\/li>\n<li>Stamp duty, registration fee incurred for the purpose of transfer of such house property to the assessee.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"DEDUCTIONS_UNDER_SCHEDULE_VI\"><\/span><span style=\"color: #000080;\"><strong>DEDUCTIONS UNDER SCHEDULE VI<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5993\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Deducion-.jpg\" alt=\"DEDUCTIONS UNDER SCHEDULE VI\" width=\"1065\" height=\"1103\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Deducion-.jpg 1065w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Deducion--290x300.jpg 290w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Deducion--989x1024.jpg 989w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Deducion--768x795.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Deducion--800x829.jpg 800w\" sizes=\"(max-width: 1065px) 100vw, 1065px\" \/><\/p>\n<table style=\"height: 6213px;\" width=\"980\">\n<tbody>\n<tr>\n<td width=\"94\"><strong><span style=\"color: #000080;\">SECTIONS<\/span><\/strong><\/td>\n<td width=\"151\"><strong><span style=\"color: #000080;\">PARTICULARS<\/span><\/strong><\/td>\n<td width=\"170\"><strong><span style=\"color: #000080;\">ELIGIBLE PERSONS<\/span><\/strong><\/td>\n<td width=\"246\"><strong><span style=\"color: #000080;\">PRESCRIBED LIMIT OF DEDUCTION<\/span><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80C<\/strong><\/td>\n<td width=\"151\">INVESTMENT IN LIC, PPF, SUKANYA SAMRIDDHI ACCOUNT, MUTUAL FUNDS, FD ETC<\/td>\n<td width=\"170\">INDIVIDUAL<br \/>\nAND<br \/>\nHUF<\/td>\n<td rowspan=\"3\" width=\"246\">UPTO RS 1,50,000<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80CCC<\/strong><\/td>\n<td width=\"151\">INVESTMENT IN PENSION FUNDS<\/td>\n<td width=\"170\">INDIVIDUALS<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80CCD (1)<\/strong><\/td>\n<td width=\"151\">ATAL PENSION YOJANA AND NATIONAL PENSION SCHEME CONTRIBUTION<\/td>\n<td width=\"170\">INDIVIDUALS<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80CCD (IB)<\/strong><\/td>\n<td width=\"151\">ATAL PENSION YOJANA AND NATIONAL PENSION SCHEMECONTRIBUTION<\/td>\n<td width=\"170\">INDIVIDUALS<\/td>\n<td width=\"246\">UPTO RS 50,000<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80CCD (2)<\/strong><\/td>\n<td width=\"151\">NATIONAL PENSION SCHEME, UNDERTAKEN BY THE EMPLOYER<\/td>\n<td width=\"170\">INDIVIDUALS<\/td>\n<td width=\"246\">LOWER OF \u2013<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 AMOUNT CONTRIBUTED<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 14% OF BASIC SALARY + DEARNESS ALLOWANCE, IN CASE OF GOVERNMENT EMPLOYEE.<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10% OF BASIC SALARY+ DEARNESS ALLOWANCE, IN CASE OF OTHER EMPLOYEES<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80D<\/strong><\/td>\n<td width=\"151\">MEDICAL INSURANCE PREMIUM AND MEDICAL EXPENDITURE<\/td>\n<td width=\"170\">INDIVIDUAL<br \/>\nOR<br \/>\nHUF<\/td>\n<td width=\"246\">UPTO RS 25,000 FOR SELF AND FAMILY. MAXIMUM UP TO RS 1,00,000 INCLUDING PARENTS<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80DD<\/strong><\/td>\n<td width=\"151\">MEDICAL TREATMENT OF A DEPENDENT WITH DISABILITY<\/td>\n<td width=\"170\">INDIVIDUAL<br \/>\nOR<br \/>\nHUF<\/td>\n<td width=\"246\">NORMAL DISABILITY: RS 75000\/-<br \/>\nSEVERE DISABILITY: RS 125000\/-<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80DDB<\/strong><\/td>\n<td width=\"151\">SPECIFIED DISEASES<\/td>\n<td width=\"170\">INDIVIDUAL<br \/>\nOR<br \/>\nHUF<\/td>\n<td width=\"246\">SENIOR CITIZENS: UPTO RS 1,00,000<br \/>\nOTHERS: UPTO RS 40,000<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80E<\/strong><\/td>\n<td width=\"151\">INTEREST PAID ON LOAN TAKEN FOR HIGHER EDUCATION<\/td>\n<td width=\"170\">INDIVIDUAL<\/td>\n<td width=\"246\">100% OF THE INTEREST PAID, ALLOWED UPTO 8 ASSESSMENT YEARS<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80EE<\/strong><\/td>\n<td width=\"151\">INTEREST PAID ON HOUSING LOAN<\/td>\n<td width=\"170\">INDIVIDUAL<\/td>\n<td width=\"246\">UPTO RS 50,000 SUBJECT TO SOME CONDITIONS<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80EEA<\/strong><\/td>\n<td width=\"151\">IINTEREST PAID ON HOUSING LOAN<\/td>\n<td width=\"170\">INDIVIDUAL<\/td>\n<td width=\"246\">UPTO RS 1,50,000\/- EXTENDED FOR AY 2021-22<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80EEB<\/strong><\/td>\n<td width=\"151\">INTEREST PAID ON ELECTRIC VEHICLE LOAN<\/td>\n<td width=\"170\">INDIVIDUAL<\/td>\n<td width=\"246\">UPTO RS 1,50,000 SUBJECT TO SOME CONDITIONS<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80G<\/strong><\/td>\n<td width=\"151\">DONATION TO CHARITABLE INSTITUTIONS<\/td>\n<td width=\"170\">ALL ASSESSEE (INDIVIDUAL, HUF, COMPANY ETC)<\/td>\n<td width=\"246\">100% OR 50% OF THE DONATED AMOUNT OR QUALIFYING LIMIT,<br \/>\nALLOWED IN CASH UPTO RS.2000.<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80GG<\/strong><\/td>\n<td width=\"151\">INCOME TAX DEDUCTION FOR HOUSE RENT PAID<\/td>\n<td width=\"170\">INDIVIDUAL<\/td>\n<td width=\"246\">LOWER OF &#8211;<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 RS.60,000<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 25% OF TOTAL INCOME<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 RENT PAID &#8211; 10% OF TOTAL INCOME<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80GGA<\/strong><\/td>\n<td width=\"151\">DONATION TO SCIENTIFIC RESEARCH &amp; RURAL DEVELOPMENT<\/td>\n<td width=\"170\">ALL ASSESSEES EXCEPT THOSE WHO HAVE AN INCOME (OR LOSS) FROM A BUSINESS AND\/OR A PROFESSION<\/td>\n<td width=\"246\">100% OF THE DONATION,<br \/>\nALLOWED IN CASH UPTO RS.10,000.<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80GGB<\/strong><\/td>\n<td width=\"151\">CONTRIBUTION TO POLITICAL PARTIES<\/td>\n<td width=\"170\">COMPANIES<\/td>\n<td width=\"246\">100% OF THE DONATIO, HOWEVER, DONATION IN CASH IS NOT ALLOWED<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80GGC<\/strong><\/td>\n<td width=\"151\">INDIVIDUALS CONTRIBUTION TO POLITICAL PARTIES<\/td>\n<td width=\"170\">INDIVIDUAL<br \/>\nHUF<br \/>\nAOP<br \/>\nBOI<br \/>\nFIRM<\/td>\n<td width=\"246\">100% OF THE DONATIO, HOWEVER, DONATION IN CASH IS NOT ALLOWED<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80IA<\/strong><\/td>\n<td width=\"151\">PROFITS AND GAINS FROM INDUSTRIAL UNDERTAKINGS ENGAGED IN INFRASTRUCTURE DEVELOPMENT, ETC.<\/td>\n<td width=\"170\">INDUSTRIAL UNDERTAKINGS ENGAGED IN SPECIFIED BUSINESSES<\/td>\n<td width=\"246\">100% OF THE PROFIT FOR 10 CONSECUTIVE YEARS OUT OF 15 YEARS FROM COMMENCEMENT<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80IAB<\/strong><\/td>\n<td width=\"151\">PROFITS AND GAINS TO SEZ DEVELOPERS<\/td>\n<td width=\"170\">SEZ DEVELOPERS<\/td>\n<td width=\"246\">100% OF THE PROFIT FOR 10 CONSECUTIVE YEARS OUT OF 15 YEARS FROM COMMENCEMENT<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80IAC<\/strong><\/td>\n<td width=\"151\">ELIGIBLE STARTUPS<\/td>\n<td width=\"170\">COMPANY OR LLP ENGAGED IN ELIGIBLE BUSINESS SUBJECT TO SOME CONDITIONS<\/td>\n<td width=\"246\">100% OF THE PROFIT FOR 3 CONSECUTIVE YEARS OUT OF 7 YEARS FROM COMMENCEMENT.<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80IB<\/strong><\/td>\n<td width=\"151\">PROFITS AND GAINS FROM CERTAIN INDUSTRIAL UNDERTAKINGS OTHER THAN INFRASTRUCTURE DEVELOPMENT UNDERTAKINGS<\/td>\n<td width=\"170\">SPECIFIED INDUSTRIAL UNDERTAKINGS<\/td>\n<td width=\"246\">25%, 30% OR 100% OF THE PROFIT DEPENDING ON THE PERIOD.<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80IBA<\/strong><\/td>\n<td width=\"151\">PROFITS FROM HOUSING PROJECTS<\/td>\n<td width=\"170\">INDIVIDUAL<br \/>\nHUF<br \/>\nAOP<br \/>\nBOI<br \/>\nCOMPANY<br \/>\nFIRM<br \/>\nANY OTHER PERSON ENGAGED IN THE BUSINESS OF HOUSING PROJECTS AS MAY BE SPECIFIED<\/td>\n<td width=\"246\">100% OF THE PROFIT<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80IC<\/strong><\/td>\n<td width=\"151\">CERTAIN UNDERTAKINGS IN SPECIAL CATEGORY STATES<\/td>\n<td width=\"170\">CERTAIN INDUSTRIAL UNDERTAKINGS<\/td>\n<td width=\"246\">FOR SIKKIM &#8211; 100% OF PROFIT FOR 10 YEARS.<\/p>\n<p>FOR HIMACHAL PRADESH\/ UTTARANCHAL<br \/>\n100% OF THE PROFIT FOR FIRST 5 YEARS AND THEN 25%FOR NEXT 5 YEARS.<\/p>\n<p>FOR NORTHEASTERN STATES &#8211; 100% OF THE PROFIT FOR 10 YEARS<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80ID<\/strong><\/td>\n<td width=\"151\">PROFITS AND GAINS OF HOTELS\/CONVENTION CENTRES IN SPECIFIED AREA<\/td>\n<td width=\"170\">HOTEL OR CONVENTION CENTRE<\/td>\n<td width=\"246\">100% OF THE PROFIT FOR 5 CONSECUTIVE YEARS FROM THE COMMENCEMENT.<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>Under Section 80IE<\/strong><\/td>\n<td width=\"151\">CERTAIN UNDERTAKINGS IN NORTH EASTERN STATES<\/td>\n<td width=\"170\">UNDERTAKINGS ENGAGED IN MANUFACTURE\/ PROVISION OF SPECIFIED GOODS\/ SERVICES OR UNDERTAKE SUBSTANTIAL EXPANSION, IN NORTH EASTERN STATES<\/td>\n<td width=\"246\">100% OF THE PROFIT FOR 10 CONSECUTIVE YEARS FROM THE COMMENCEMENT.<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80JJA<\/strong><\/td>\n<td width=\"151\">PROFITS AND GAINS OF SPECIFIED BUSINESS<\/td>\n<td width=\"170\">SPECIFIED BUSINESS<\/td>\n<td width=\"246\">100% OF THE PROFIT FOR 5 CONSECUTIVES FROM THE COMMENCEMENT<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>Under Section 80JJAA<\/strong><\/td>\n<td width=\"151\">EMPLOYMENT OF NEW EMPLOYEES<\/td>\n<td width=\"170\">EMPLOYER WHO WAS SUBJECT TO TAX AUDIT U\/S 44AB<\/td>\n<td width=\"246\">30% OF ADDITIONAL EMPLOYEE COST FOR 3 YEARS STARTING FROM THE DATE OF EMPLOYMENT.<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80LA<\/strong><\/td>\n<td width=\"151\">CERTAIN INCOME OF OFFSHORE BANKING UNITS IN SEZ AND IFSC<\/td>\n<td width=\"170\">OFFSHORE BANKING UNITS IN SEZ OR UNIT OF IFSC<\/td>\n<td width=\"246\">FOR OFFSHORE BANKING UNIT &#8211;<br \/>\n100% OF THE INCOME FOR FIRST 5 YEARS AND 50% FORTHE NEXT 5 YEARS.FOR IFSC &#8211; 100% OF THE INCOME FOR 10 CONSECUTIVE YEARS OUT OF 15 YEARS<br \/>\nFROM THE COMMENCEMENT.<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>Under Section\u00a0 80PA<\/strong><\/td>\n<td width=\"151\">CERTAIN INCOME OF PRODUCER COMPANIES<\/td>\n<td width=\"170\">PRODUCER COMPANIES ENGAGED IN ELIGIBLE BUSINESS<\/td>\n<td width=\"246\">100% OF THE PROFIT<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80RRB<\/strong><\/td>\n<td width=\"151\">ROYALTY ON PATENTS<\/td>\n<td width=\"170\">INDIVIDUALS (INDIAN CITIZEN OR FOREIGN CITIZEN BEING RESIDENT IN INDIA)<\/td>\n<td width=\"246\">LOWER OF \u2013<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 RS.3,00,000<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 INCOME SPECIFIED<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>Under Section 80QQB<\/strong><\/td>\n<td width=\"151\">ROYALTY INCOME OF AUTHORS<\/td>\n<td width=\"170\">INDIVIDUALS (INDIAN CITIZEN OR FOREIGN CITIZEN BEING RESIDENT IN INDIA)<\/td>\n<td width=\"246\">LOWER OF \u2013<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 RS.3,00,000<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 INCOME SPECIFIED<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80TTA<\/strong><\/td>\n<td width=\"151\">INTEREST EARNED ON SAVINGS ACCOUNTS<\/td>\n<td width=\"170\">INDIVIDUAL BELOWTHE AGE OF 60 YEARS<br \/>\nOR<br \/>\nHUF<\/td>\n<td width=\"246\">UPTO RS 10,000<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>Under SECTION 80TTB<\/strong><\/td>\n<td width=\"151\">INTEREST INCOME EARNED ON DEPOSITS (SAVINGS\/ FDS)<\/td>\n<td width=\"170\">INDIVIDUAL OF 60 YEARS AND ABOVE OF AGE<\/td>\n<td width=\"246\">UPTO RS 50,000<\/td>\n<\/tr>\n<tr>\n<td width=\"94\"><strong>SECTION 80U<\/strong><\/td>\n<td width=\"151\">DISABLED INDIVIDUALS<\/td>\n<td width=\"170\">INDIVIDUALS<\/td>\n<td width=\"246\">NORMAL DISABILITY: RS. 75,000\/-<br \/>\nSEVERE DISABILITY: RS. 1,25,000\/-<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"DEDUCTIONS_UNDER_SCHEDULE_VI-_OTHER_THAN_SECTION_80C\"><\/span><span style=\"color: #000080;\"><strong>DEDUCTIONS UNDER SCHEDULE VI- OTHER THAN SECTION 80C<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6237\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Tax-Deduction-other-than-80C.jpg\" alt=\"DEDUCTIONS UNDER SCHEDULE VI - other than 80C\" width=\"1080\" height=\"1258\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Tax-Deduction-other-than-80C.jpg 1080w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Tax-Deduction-other-than-80C-258x300.jpg 258w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Tax-Deduction-other-than-80C-879x1024.jpg 879w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Tax-Deduction-other-than-80C-768x895.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Tax-Deduction-other-than-80C-800x932.jpg 800w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Income_Tax_Slab_Rate_for_AY_2025-26_for_Individual\"><\/span><span style=\"color: #000080;\"><strong>Income Tax Slab Rate for AY 2025-26 for Individual<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-8843\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Income-Tax-Deductions.jpg\" alt=\"Income Tax Deductions\" width=\"1000\" height=\"1000\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Income-Tax-Deductions.jpg 624w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Income-Tax-Deductions-300x300.jpg 300w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Income-Tax-Deductions-150x150.jpg 150w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Additional_Details_Now_Mandatory_for_claiming_the_Deduction_in_ITR\"><\/span><span style=\"color: #000080;\">Additional Details Now Mandatory for claiming the Deduction in ITR\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-9148\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Cross-verification-of-Tax-deduction-claim-.jpg\" alt=\"\" width=\"849\" height=\"1162\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Cross-verification-of-Tax-deduction-claim-.jpg 688w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/Cross-verification-of-Tax-deduction-claim--219x300.jpg 219w\" sizes=\"(max-width: 849px) 100vw, 849px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"House_Rent_Allowance_HRA\"><\/span><strong>House Rent Allowance (HRA):<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Employer details<\/li>\n<li>Rent paid proof<\/li>\n<li><strong>Landlord PAN<\/strong>\u00a0(if annual rent &gt; \u20b91 lakh)<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Insurance_Sections_80C_80D\"><\/span><strong>Insurance (Sections 80C, 80D):<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Policy number<\/li>\n<li>Insurer name<\/li>\n<li>Investment date<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Loan_Deductions_80E_80EE_80EEA_80EEB\"><\/span><strong>Loan Deductions (80E, 80EE, 80EEA, 80EEB):<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Bank name<\/li>\n<li>Loan account number<\/li>\n<li>Sanction date<\/li>\n<li>Balance as on 31st March<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"EV_Loan_Deduction_80EEB\"><\/span><strong>EV Loan Deduction (80EEB):<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Vehicle registration number<\/li>\n<li>Loan details<\/li>\n<li>Verified via\u00a0<strong>mParivahan app<\/strong><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"What_Taxpayers_Should_Do\"><\/span><strong>What Taxpayers Should Do:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Keep documentation ready\u00a0(bills, certificates, proofs)<\/li>\n<li>Ensure PAN\/Aadhaar linkage\u00a0with banks and insurers<\/li>\n<li>Avoid estimation\u00a0or rounded entries<\/li>\n<li>Match claimed amounts with actual records<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"New_Income_tax_Section_80JJAA\"><\/span><span style=\"color: #000080;\"><strong>New Income tax Section 80JJAA <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000080;\"><strong>Income tax Section 80JJAA <\/strong><b>allows eligible enterprises to claim deductions against additional staff costs during AY 2024\u20132025<\/b>.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7864\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/80JJAA.jpg\" alt=\"\" width=\"899\" height=\"1280\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/80JJAA.jpg 899w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/80JJAA-211x300.jpg 211w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/80JJAA-719x1024.jpg 719w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/80JJAA-768x1093.jpg 768w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2023\/06\/80JJAA-800x1139.jpg 800w\" sizes=\"(max-width: 899px) 100vw, 899px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>INCOME TAX DEDUCTIONS UNDER SECTION 80C: Under section 80C, every individual and HUF, is provided with a deduction of amount up to Rs.1,50,000. To avail such deductions, the prescribed taxpayers, need to invest in any of the following options \u2013 Life insurance premium payment Annuity plan of LIC or any other notified insurers. Unit Linked &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[173],"tags":[840],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/5950"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=5950"}],"version-history":[{"count":5,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/5950\/revisions"}],"predecessor-version":[{"id":8845,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/5950\/revisions\/8845"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=5950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=5950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=5950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}