Deductions From Total Income
Home / Deductions From Total Income| Assessment Year : 2019-20 Financial Year : 2018-19 | ||
| Particulars | ||
| Section | ||
| LIC/NSC/PF/Tuition fee/ULIP/ELSS MF/Bank FDR (5yrs)/H.Loan Repayment/EPF/Stamp duty on Residential Housing Loan Sukanya Samridhi Scheme |
80C |
150000 |
| Pension Fund | 80CCC | 150000 |
| Long Term Infra Bond | 80CCF | 0 |
Mediclaim * Additional deduction for any payment of Mediclaim for # Preventive health check-up of self, spouse, dependent |
80D | 25000* 50000* |
| Maintenance of Dependent - with Disability - with severe disability |
80DD | 75000 125000 |
| Medical Treatment of Dependent/ Senior citizen/ Very Senior Citizen |
80DDB | 40000 100000 |
| Interest on Loan on Higher Education | 80E | The amount of interest paid during
the previous year upto 8 A.Y. or until The interest referred is paid full, whichever is earlier. |
| Interest on loan for Residential House Property | 80EE | Upto Rs. 50000/- subject to specified conditions (w.e.f AY 2017-18) (The limit is over & above Rs.2 lakh u/s 24) |
| Donation | 80G | 50% /100% of Donation or 10% of adjusted GTI, whichever is lower (No deduction if donation in cash exceeds of Rs. 2,000 w.e.f. A.Y. 2018-19) |
| Rent paid | 80GG | Lower of (i) Rent paid - 10% of Adjusted Total Income, (ii) 25% of the Adjusted Total Income (iii) Rs. 5000/- per month |
| Person with Disability - with Disability - with severe disability |
80U | 75000 125000 |
| Interest on Deposit in Saving Bank A/c | 80TTA | Upto Rs. 10,000/- shall be allowed to individual & HUF. |