Deduction Under Section 80C and 80U: Know more about income tax deduction under section 80c, section 80ccc, section 80ccd, section 80ccf, section 80ccg. Section 80U. Deduction for Person suffering from Physical Disability. A deduction of Rs. By reducing the chargeable income, these provisions reduce the tax liability, increase The aggregate amount of deductions under sections 80C to 80U cannot.

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Premium paid on insurance on life of the Individual or HUF. Find out who should invest in them.

This section provides a deduction for expenses incurred towards medical insurance, preventive health checkup, and other medical expenses. Tax payer is an individual and he is 800u by the central government on or after January 1,or employed by any other person or self employed.

Section 80 Deduction : Income Tax Deductions under Section 80C, 80CCD, 80CCC

Hence, you can see that there are several tax deductions available for the taxpayers under various sections of the Income Tax Act mentioned above.

A certain medical authority to certifies the level of disability in a person.

However, you can claim deduction up to Rs 10, on the interest earned either from your savings bank account or post office savings account or from both. From FY a cumulative additional deduction of Rs. Section 80GG is a provision which allows a sectoin on the rent paid by an individual who is not receiving HRA from his employer in any form or who is a self-employed person.


Any reimbursement of medical expenses by an insurer or employer shall be reduced from the quantum of deduction the taxpayer can claim under this section.

The maximum deduction amount available depends on the nature of disability. It also lays out the difference between section 80DD and Section 80U. Leave a Reply Cancel reply Your email address will not be published. Enter the username or e-mail you used in your profile.

Deductions under Section 80C to Section 80U

Payment of Tuition fees by an Individual Assessee at the time of admission to any university, college, school or other educational institutions within India for the purpose of full time education of any two children.

Why you should file belated ITR before December Get CA Assisted Plan. Loans that are taken from approved charitable organisations and financial institutions only are eligible under this section. Section 80DD Disabled Dependent. Section 80DDB is available for treatment of certain specified diseases with a limited amount of Rs 40, for people below 60 years of age and Rs 1,00, if the person treated, is a senior citizen.

Section 80QQB allows deduction of Rs 3 lakh if you have received lump sum royalty payments on books written by you.

Deductions on Section 80C, 80CCC & 80CCD

The minimum lock in period in respect of such investment is three years from the date of acquisition in accordance with the notified scheme. The premium you have paid on the policy taken for yourself, spouse and children is eligible for a deduction under Section 80D upto a maximum of Rs 25, It’s a secure way to invest in mutual funds. Check out how section 80c offers tax relief on some of your unde. Person with disability If you are suffering from a disability, then you can claim deduction under section 80U.


Wadhwa says, “If you are a self-employed person, living in a rented accommodation, then you can claim deduction under section 80GG. Zero coupon bonds are bonds that don’t offer interest, but can be purchased at a discount on undeer face value. Section IB Assessees who have earned profits from hotels, shops, multiplex theatres, deductiin storage plants, housing project, scientific research and development, etc.

The article gives a detailed understanding on the kinds of disabilities and eligibility for claiming deductions.

An individual suffering from disabilities himself is eligible for tax deductions under section 80U. Wadhwa says, “If you have paid premium for 80v cover for your parents, then you can claim additional deduction of maximum of Rs 25, or Rs 30, depending on the age of your parents. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser seciton.

Here are deductions that can be claimed to lower your tax liability under various sections of the income tax Act. Hence, you can claim both premiums paid as a deduction under Section 80D.