{"id":7,"date":"2021-04-15T12:25:21","date_gmt":"2021-04-15T12:25:21","guid":{"rendered":"https:\/\/www.loan4fauji.com\/blog\/?p=7"},"modified":"2023-02-08T18:12:31","modified_gmt":"2023-02-08T18:12:31","slug":"income-tax-section-80-deduction-table","status":"publish","type":"post","link":"https:\/\/www.loan4fauji.com\/blog\/income-tax-section-80-deduction-table\/","title":{"rendered":"INCOME TAX \u2013 SECTION 80 DEDUCTION TABLE"},"content":{"rendered":"\n

We www.Loan4fauji.com provides Income Tax Return (ITR) filing services for all the Defence Personnel i.e. (Indian Army, Indian Navy & Indian Airforce), Paramilitary Soldiers i.e (CISF, CRPF, ITBP, SSB, BSF, Indian Coast Guard & Assam Riles) & Ex-servicemen. It is completely online process wherein soldiers don\u2019t need to go anywhere, they just need to upload the required documents and then our team of qualified CA\u2019s will evaluate & file accurate ITR according to information you provide  at the earliest.<\/strong><\/p>\n\n\n\n

Section<\/strong><\/th>Deduction On<\/strong><\/th>Allowed Limit<\/strong><\/strong><\/th><\/tr><\/thead>
80 C<\/td>i)   Investment in PPF
ii) NSC
iii) VLTRS
iv) LIC Premium
v) Children Tuition Fees
vi) Principal prepayment of Home Loan
vii) Investment in Sukanya Samridhi
viii) SSSC
ix) ELSS
x) Five year deposit Scheme
xi) Subscription to Equity shares\/debentures (notified bonds of NABARD
xii)  Annuity Plan of LIC<\/td>



Rs 1,50,000<\/td><\/tr>
80 CCC<\/td>For amount deposited in annuity
plan of LIC or any other insurer for a pension from a fund referred to in section 10 (23 AAB)<\/td>		–<\/td><\/tr>
80 CCO (1)<\/td>Employee Contribution to NPS account (max upto Rs 1,50,000)<\/td>–<\/td><\/tr>
80 CCO (2)<\/td>Employee Contribution to NPS Account<\/td>Max upto 10% salary<\/td><\/tr>
80 CCO (1B)<\/td>Additional Contribution to NPS<\/td>Rs. 50,000<\/td><\/tr>
80 TTA (G)<\/td>Interest Income from Saving Account<\/td>Max upto 10,000<\/td><\/tr>
80 TTB<\/td>Exemption of Interest from banks post office etc applicable only to senior citizens<\/td>Max 50,000<\/td><\/tr>
80 GG<\/td>For rent paid when HRA not received from employer<\/td>Last of : – rent paid income 10% of total income
Rs 55000\/month<\/td><\/tr>
80 E<\/td>Interest on education Loan interest paid upto 8 Lacs<\/td>25% of total income<\/td><\/tr>
80 EE<\/td>Interest on Home Loan for first time Home owner<\/td>Rs 50,000<\/td><\/tr>
80 CCG<\/td>Rajiv Gandhi Equity Scheme for investments in Equities<\/td>Lower of 50 % amount or Rs 25,000
 <\/td><\/tr>

80 D<\/td>
Medical Insurance \u2013 Self , spouse, Children
 
Medical insurance \u2013 Parents more than 60 yrs or uninsured parents more than 80 yrs of age<\/td>		Rs 25,000
 
Rs 50,000<\/td><\/tr>

80 DDD<\/td>		Medical treatment for handicapped dependents or payment to specified scheme for maintenance fo handicapped dependents
\u00b7         Disability is 40 % or more but less than 80 %
\u00b7         Disability is 80 % or more<\/td>		Rs 75,000
Rs 1,25,000<\/td><\/tr>
80 DDB<\/td>
Medical Expenditure or self or Dependents or relative for disceases specified in Rule 1100
\u00b7         For less than 60 yrs old
\u00b7         For more than 60 yrs old
 <\/td>		Lower of Rs 40000 or amount naturally paid
 
Lower fo Rs 100000 or amount actually paid<\/td><\/tr>
80 U<\/td>Self-Suffering from disability
\u00b7         An individual suffering from a physical disability (in blindness) or mental retardation
An individual suffering from lower disability<\/td>		Rs 75,000
 
Rs 1,25,000<\/td><\/tr>
80 GGB<\/td>Contribution by companies to political parties<\/td>Amount contributed (not allowed if paid in cash)<\/td><\/tr>
80 GGC<\/td>Contribution by individual to political parties<\/td>Amount contributed (not paid in cash)<\/td><\/tr>
80 RRB<\/td>Deductions or income by way of royalty of a patent<\/td>Lower of Rs 2,00,000 or income received<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

We www.Loan4fauji.com provides Income Tax Return (ITR) filing services for all the Defence Personnel i.e. (Indian Army, Indian Navy & … <\/p>\n

Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[12],"tags":[],"class_list":["post-7","post","type-post","status-publish","format-standard","hentry","category-itr-for-defence-personnel-exservicemen"],"_links":{"self":[{"href":"https:\/\/www.loan4fauji.com\/blog\/wp-json\/wp\/v2\/posts\/7","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.loan4fauji.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.loan4fauji.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.loan4fauji.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.loan4fauji.com\/blog\/wp-json\/wp\/v2\/comments?post=7"}],"version-history":[{"count":4,"href":"https:\/\/www.loan4fauji.com\/blog\/wp-json\/wp\/v2\/posts\/7\/revisions"}],"predecessor-version":[{"id":31,"href":"https:\/\/www.loan4fauji.com\/blog\/wp-json\/wp\/v2\/posts\/7\/revisions\/31"}],"wp:attachment":[{"href":"https:\/\/www.loan4fauji.com\/blog\/wp-json\/wp\/v2\/media?parent=7"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.loan4fauji.com\/blog\/wp-json\/wp\/v2\/categories?post=7"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.loan4fauji.com\/blog\/wp-json\/wp\/v2\/tags?post=7"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}