2/2/2017 GuidetoSection80Deductions

TAX SAVINGS (/HELP/INCOME-TAX-SAVINGS) ALL ABOUT TAX SAVINGS (OR DEDUCTIONS)

GuidetoSection80Deductions
Forfinancialyear201415&201516(withchangeslistedforFY201617)

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DeductionsonSection80C,80CCC&80CCD
Section80C
Undersection80C,adeductionofRs1,50,000canbeclaimedfromyourtotalincome.Insimpleterms,youcanreduceuptoRs1,50,000fromyourtotaltaxableincome
throughsection80C.ThisdeductionisallowedtoanIndividualoraHUF.

AmaximumofRs1,50,000canbeclaimedforfinancialyear201415.Thelimitforfinancialyear201516andfinancialyear201617isalsoRs1,50,000.

Ifyouhavepaidexcesstaxes,buthaveinvestedinLIC,PPF,Mediclaimetc.youcanfileyourIncomeTaxReturnandgetarefund.ClickheretostartfilingyourI
TReturn(https://cleartax.in/)andgetarefund.

Clickheretoseealltheinvestmentoptionstosave

Eligibledeductionsundersection80C
Severalinvestments,expensesandpaymentsareallowedtobeclaimedundersection80C.MaximumdeductioncannotexceedRs1,50,000.

EligibleInvestments

1.InvestmentinPPFYoucanopenaPPFaccountandclaimdeductiononthedepositsmade.AmaximumofRs1,50,000isallowedtobeinvestedinonefinancial
year.TheminimuminvestmentrequiredeachyearisRs500.Interestiscompoundedannuallyandisresetquarterly.InterestonPPFaccountisfullytaxfree.The
PPFaccountmaturesafter15years.Receiptsonmaturityorwithdrawalsaretaxfree.Moneyisallowedtobewithdrawnafter5years.YoucanopenaPPFaccount
foryourspouseorchildandclaimataxdeductioninyourtaxreturnfordepositsmade.ForaHUF,itcanbeinthenameofanymemberofthefamily.
2.PurchaseofNSCsNationalSavingsCertificateorNSCareeligiblefordeductionintheyeartheyarepurchased.ThesecanbeboughtfromdesignatedPost
Office.Theirtermisfor5yearsandinterestearnediscompoundedannually.Interestearnedistaxable.Interestisalsoeligiblefordeductionundersection80C
duringthetermoftheNSCs(exceptthelastyear).
3.InvestmentinSukanyaSamridhiaccountAmaximumofRs1,50,000canbedepositedintheSukanyaSamridhiAccountforagirlchild.Interestrateis
compoundedannually.Thisinterestisfullyexemptfromtax.AminimumofRs1,000mustbedepositedinayear.Receiptsonmaturityfromtheaccountaretax
free.
4.InvestmentinELSSELSSorEquityLinkedSavingsSchemeisatypeofamutualfundinvestment.InvestmentsmadeinELSSfundsduringthefinancialyearare
eligiblefordeductionundersection80C.Thesefundshavea3yearlockinperiod.
5.ULIPSorUnitLinkedInsurancePlanULIPSsoldwithlifeinsurancearealsoeligiblefordeductionundersection80C.IncludesContributiontoUnitLinked
InsurancePlanofLICMutualFunde.g.Dhanraksha1989andcontributiontoOtherUnitLinkedInsurancePlanofUTI.
6.SumdepositedinFiveYearDepositSchemeinPostOffice.
7.5yearfixeddepositwithabank.
8.AmountdepositedunderSeniorCitizensSavingScheme.
9.Subscriptiontoanynotifiedsecurities/notifieddepositsscheme.e.g.NSS
10.ContributiontonotifiedPensionFundsetupbyMutualFundorUTI.
11.SumpaidassubscriptiontoHomeLoanAccountSchemeoftheNationalHousingBankorcontributiontoanynotifieddepositscheme/pensionfundsetupby
NationalHousingBank.
12.Subscriptiontodepositschemeofapublicsector,companyengagedinprovidinghousingfinance(publicdepositschemeofHUDCO).
13.ContributiontonotifiedannuityPlanofLIC(e.g.JeevanDharaandJeevanAkshay)orUnitsofUTI/notifiedMutualFunds.
14.Subscriptiontoequityshares/debenturesformingpartofanyapprovedeligibleissueofcapitalmadebyapubliccompanyorpublicfinancialinstitutions.
15.SubscriptiontoanynotifiedbondsofNABARD(NationalBankforAgricultureandRuralDevelopment).

EligibleExpenses

1.EPForEmployee'sshareofPFContributionEmployeecontributiontoEPFisalsoeligiblefordeductionundersection80C.12%ofyourbasic+DAisdeducted
bytheemployeranddepositedasyourcontributioninEmployee'sProvidentFundSchemeorRecognizedProvidentFund.
2.LifeInsurancePremiumPaymentThepolicymustbeinthetaxpayer'snameorspouse'soranychild'sname(childmaybedependent/independent,
minor/major,ormarried/unmarried).ForaHUF,itmaybeonlifeofanymemberofHUF.The80Cdeductionisvalidoninsurancepoliciespurchasedafter1stApril,
2012onlyifthepremiumislessthan10%ofsumassured.Benefitsforexistingpurchasedpoliciescontinue.Thedeductionisalsoallowedonpaymentsmadeby
GovernmentemployeestoCentralGovernmentEmployeesInsuranceScheme.
3.Children'sTuitionFeePaymentTuitionfeespaidtoanyschool,college,universityorothereducationalinstitutionsituatedwithinIndiaforthepurposeoffulltime
educationofanytwochildren(includingpaymentsforplayschool,prenurseryandnursery).
4.PrincipalRepaymentsonLoanforpurchaseofHousePropertyPrincipalrepaymentofloantakenforbuyingorconstructingaresidentialhousepropertyis

?
alsoeligible.Deductionisalsoallowedforstampduty,registrationfeesandotherexpensesoftransferofsuchpropertytothetaxpayer.However,ifthepropertyis
transferredorsoldbeforetheexpiryof5yearsfromtheendofthefinancialyearinwhichitspossessionwastakenthetotaldeductionallowedforvariousyears
shallbetaxedinthatyear.

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5.SumpaidforsecuringDeferredAnnuitySumpaidundernoncommutabledeferredannuityforanindividualonthelifeofthetaxpayer,spouseoranychild.Also
allowedonsumdeductedfromsalarypayabletoGovt.Servantforsecuringdeferredannuityforselfspouseorchild.Paymentlimitedto20%ofsalary.

Notenough80CdeductioninyourForm16?
IfyouneedhelpclaimingSection80Deductionslike80C,investments,mediclaim,orcalculatingHRAtosaveontaxes,cleartaxsCAscanhelpyouclaimarefund(if
applicable)andefilein48hours.

StartfilingyourIncomeTaxReturn>(https://cleartax.in/)

GetsavingsonIncomeTaxeswithaCAtohelpyoufile.
Sometimes,youmayhavedeductionsorinvestmentseligiblefor80C,butyoumaynothavesubmittedproofstoyouremployer,soexcessTDSmaybededucted.Youcan
stillclaimthesedeductionswhileefilingaslongasyouhavetheproofswithyou.

Iwantanexperttohelpmefile>(https://cleartax.in/Meta/CharteredAccountant)

Section80CCC:DeductionforPremiumPaidforAnnuityPlanofLICorOtherInsurer
ThissectionprovidesdeductiontoanIndividualforanyamountpaidordepositedinanyannuityplanofLICoranyotherinsurer.Theplanmustbeforreceivingpension
fromafundreferredtoinSection10(23AAB).

Iftheannuityissurrenderedbeforethedateofitsmaturity,thesurrendervalueistaxableintheyearofreceipt.

Section80CCD:DeductionforContributiontoPensionAccount
Employee'scontributionSection80CCD(1)AllowedtoanIndividualwhomakesdepositstohis/herPensionaccount.Maximumdeductionallowedis10%ofsalary(in
caseoftaxpayerbeinganemployee)or10%ofgrosstotalincome(incaseoftaxpayerbeingselfemployed)orRs1,00,000whicheverisless.ThelimitofRs1,00,000
hasbeenincreasedtoRs1,50,000startingfinancialyear201516(assessmentyear201617).

DeductionforselfcontributiontoNPSsection80CCD(1B)Anewsection80CCD(1B)hasbeenintroducedforadditionaldeductionforamountdepositedbya
taxpayertotheirNPSaccount.ContributionstoAtalPensionYojanaarealsoeligible.DeductionisallowedoncontributionuptoRs50,000.

Employer'scontributionSection80CCD(2)Deductionisallowedforemployer'scontributiontoemployeespensionaccountupto10%ofthesalaryoftheemployee.
Thereisnomonetaryceilingonthisdeduction.

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DeductionsonInterestonSavingsAccount
Section80TTA:DeductionfromgrosstotalincomeforInterestonSavingsbankaccount
AdeductionofmaximumRs10,000canbeclaimedagainstinterestincomefromasavingsbankaccount.Interestfromsavingsbankaccountshouldbefirstincludedin
otherincomeanddeductioncanbeclaimedofthetotalinterestearnedorRs10,000,whicheverisless.ThisdeductionisallowedtoanindividualorHUF.Anditcanbe
claimedforinterestondepositsinsavingsaccountwithabank,cooperativesocietyorpostoffice.Section80TTAdeductionisnotavailableoninterestincomefromfixed
depositsorrecurringdepositsorinterestincomefromcorporatebonds.

DeductionsonHouseRent
Section80GG:DeductionforHouseRentPaidwhereHRAisnotreceived
ThisdeductionisavailableforrentpaidwhenHRAisnotreceived.Taxpayerorhisspouseorminorchildshouldnotownresidentialaccommodationattheplaceof
employment.
Taxpayershouldnothaveselfoccupiedresidentialpropertyinanyotherplace.
Taxpayermustbelivingonrentandpayingrent.

Deductionavailableistheminimumof

1.Rentpaidminus10%oftotalincome
2.Rs.2000/permonth
3.25%oftotalincome

ForFinancialyear201617Forcalculatingdeductionabove,Rs2,000permonthhasbeenraisedtoRs5,000permonth.ThereforeamaximumofRs60,000per
annumcanbeclaimedasadeduction. ?

DeductionsonEducationLoanforHigherStudies
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DeductionsonEducationLoanforHigherStudies
Section80E:DeductionforInterestonEducationLoanforHigherStudies
Deductionisallowedforinterestonloantakenforpursuinghighereducation.Thisloanmayhavebeentakenforthetaxpayer,spouseorchildrenorforastudentfor
whomthetaxpayerisalegalguardian.Thedeductionisavailableforamaximumof8yearsortilltheinterestispaid,whicheverisearlier.Thereisnorestrictiononthe
amountthatcanbeclaimed.

DeductionforFirstTimeHomeOwners
Section80EE:DeductionsonHomeLoanInterestforFirstTimeHomeOwners
ForFinancialYear201314andFinancialYear201415

ThissectionprovideddeductionontheHomeLoanInterestpaid.ThedeductionunderthissectionisavailableonlytoIndividualsforfirsthousepurchasedwherethe
valueofthehouseisRs40lakhsorlessandloantakenforthehouseisRs25lakhsorless.AndtheLoanhasbeensanctionedbetween01.04.2013to31.03.2014.The
aggregatedeductionallowedunderthissectioncannotexceedRs1,00,000andisallowedforfinancialyears201314&201415(Assessmentyear201415and2015
16).

Thisdeductionisnotavailableforfinancialyear201516(assessmentyear201617).

ForFinancialYear201617

ThissectionwasrevivedinBudget2016andisapplicablestartingFY201617.ThedeductionunderthissectionisavailableonlytoanIndividualwhoisafirsttimehome
owner.ThevalueofthepropertypurchasedmustbelessthanRs50LakhsandhomeloanmustbelessthanRs35lakhs.AndtheLoanmustbetakenfromafinancial
institutionandmustbesanctionedbetween01.04.2016to31.03.2017.Underthissection,anadditionaldeductionofRs50,000canbeclaimedonhomeloaninterest.
ThisisinadditiontodeductionofRs2,00,000allowedundersection24oftheincometaxactforaselfoccupiedhouseproperty.Thereisnorestrictiononthenumberof
yearsforwhichthisdeductioncanbeclaimed.

DeductionsonRajivGandhiEquitySavingScheme(RGESS)
Section80CCG:RajivGandhiEquitySavingScheme(RGESS)
TheRajivGandhiEquitySavingScheme(RGESS)waslaunchedafterthe2012Budget.InvestorswhosegrosstotalincomeislessthanRs.12lakhscaninvestinthis
scheme.Uponfulfilmentofconditionslaiddowninthesection,thedeductionislowerof,50%ofamountinvestedinequitysharesorRs25,000.

DeductionsonMedicalInsurance
Section80D:DeductionforpremiumpaidforMedicalInsurance
Forfinancialyear201415DeductionisavailableuptoRs.15,000/toataxpayerforinsuranceofself,spouseanddependentchildren.Ifindividualorspouseismore
than60yearsoldthedeductionavailableisRs20,000.Anadditionaldeductionforinsuranceofparents(fatherormotherorboth)isavailabletotheextentofRs.15,000/
iflessthan60yearsoldandRs20,000ifparentsaremorethan60yearsold.Therefore,themaximumdeductionavailableunderthissectionistotheextentofRs.
40,000/.(FromAY201314,withintheexistinglimitadeductionofuptoRs.5,000forpreventivehealthcheckupisavailable).

Forfinancialyear201516DeductionisraisedfromRs15,000toRs25,000.ThedeductionforseniorcitizensisraisedfromRs20,000toRs30,000.Foruninsured
superseniorcitizens(morethan80yearsold)medicalexpenditureincurreduptoRs30,000shallbeallowedasadeductionundersection80D.However,totaldeduction
forhealthinsurancepremiumandmedicalexpensesforparentsshallbelimitedtoRs30,000.

DeductionsonMedicalExpenditureforaHandicappedRelative
Section80DD:DeductionforRehabilitationofHandicappedDependentRelative
Deductionisavailableon:

1.Expenditureincurredonmedicaltreatment,(includingnursing),trainingandrehabilitationofhandicappeddependentrelative
2.Paymentordeposittospecifiedschemeformaintenanceofdependenthandicappedrelative.

Wheredisabilityis40%ormorebutlessthan80%fixeddeductionofRs50,000.

Wherethereisseveredisability(disabilityis80%ormore)fixeddeductionofRs1,00,000.Acertificateofdisabilityisrequiredfromprescribedmedicalauthority.
?
Note:Apersonwith'severedisability'meansapersonwith80%ormoreofoneormoredisabilitiesasoutlinedinsection56(4)ofthe'Personswithdisabilities(Equal
opportunities,protectionofrightsandfullparticipation)'Act.

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CertificatecanbetakenfromaSpecialistasspecified.
Patientsgettingtreatedinaprivatehospitalarenotrequiredtotakethecertificatefromagovernmenthospital.
Patientsreceivingtreatmentinagovernmenthospitalhavetotakecertificatefromanyspecialistworkingfulltimeinthathospital.Suchspecialistmusthaveapost
graduatedegreeinGeneralorInternalMedicineoranyequivalentdegree,whichisrecognisedbytheMedicalCouncilofIndia.
CertificateinForm10Iisnolongerrequired.Thecertificatemusthavenameandageofthepatient,nameofthediseaseorailment,name,address,registration
numberandthequalificationofthespecialistissuingtheprescription.IfthepatientisreceivingthetreatmentinaGovernmenthospital,itshouldalsohavename
andaddressoftheGovernmenthospital.

Forfinancialyear201516ThedeductionlimitofRs50,000hasbeenraisedtoRs75,000andRs1,00,000hasbeenraisedtoRs1,25,000.

DeductionsonMedicalExpenditureonSelforDependentRelative
Section80DDB:DeductionforMedicalExpenditureonSelforDependentRelative
AdeductionRs.40,000/ortheamountactuallypaid,whicheverislessisavailableforexpenditureactuallyincurredbyresidenttaxpayeronhimselfordependentrelative
formedicaltreatmentofspecifieddiseaseorailment.

ThediseaseshavebeenspecifiedinRule11DD.Acertificateinform10IistobefurnishedbythetaxpayerfromanyRegisteredDoctor.

IncaseofseniorcitizenthedeductioncanbeclaimeduptoRs60,000oramountactuallypaid,whicheverisless.

Forfinancialyear201516forveryseniorcitizensRs80,000isthemaximumdeductionthatcanbeclaimed.

DeductionsforPersonsufferingfromPhysicalDisability
Section80U:DeductionforPersonsufferingfromPhysicalDisability
DeductionofRs.50,000/toanindividualwhosuffersfromaphysicaldisability(includingblindness)ormentalretardation.Incaseofseveredisability,deductionofRs.
100,000canbeclaimed.CertificateshouldbeobtainedfromaGovt.Doctor.TherelevantruleisRule11D.Thisisafixeddeductionandnotbasedonbillsorexpenses.

Forfinancialyear201516ThedeductionlimitofRs50,000hasbeenraisedtoRs75,000andRs1,00,000hasbeenraisedtoRs1,25,000.

DeductionfordonationstowardsSocialCauses
Section80G:DeductionfordonationstowardsSocialCauses
ThevariousdonationsspecifiedinSec.80Gareeligiblefordeductionuptoeither100%or50%withorwithoutrestrictionasprovidedinSec.80G.80Gdeductionnot
applicableincasedonationisdoneinformofcashforamountoverRs10,000.

Donationswith100%deductionwithoutanyqualifyinglimit:
NationalDefenceFundsetupbytheCentralGovernment
PrimeMinister'sNationalReliefFund
NationalFoundationforCommunalHarmony
Anapproveduniversity/educationalinstitutionofNationaleminence
ZilaSakshartaSamiticonstitutedinanydistrictunderthechairmanshipoftheCollectorofthatdistrict
FundsetupbyaStateGovernmentforthemedicalrelieftothepoor
NationalIllnessAssistanceFund
NationalBloodTransfusionCouncilortoanyStateBloodTransfusionCouncil
NationalTrustforWelfareofPersonswithAutism,CerebralPalsy,MentalRetardationandMultipleDisabilities
NationalSportsFund
NationalCulturalFund
FundforTechnologyDevelopmentandApplication
NationalChildren'sFund
ChiefMinister'sReliefFundorLieutenantGovernor'sReliefFundwithrespecttoanyStateorUnionTerritory
TheArmyCentralWelfareFundortheIndianNavalBenevolentFundortheAirForceCentralWelfareFund,AndhraPradeshChiefMinister'sCycloneReliefFund,
1996
TheMaharashtraChiefMinister'sReliefFundduringOctober1,1993andOctober6,1993
ChiefMinister'sEarthquakeReliefFund,Maharashtra
AnyfundsetupbytheStateGovernmentofGujaratexclusivelyforprovidingrelieftothevictimsofearthquakeinGujarat
Anytrust,institutionorfundtowhichSection80G(5C)appliesforprovidingrelieftothevictimsofearthquakeinGujarat(contributionmadeduringJanuary26,2001
andSeptember30,2001)or

?
PrimeMinister'sArmeniaEarthquakeReliefFund
Africa(PublicContributionsIndia)Fund
SwachhBharatKosh(applicablefromfinancialyear201415)
CleanGangaFund(applicablefromfinancialyear201415)

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NationalFundforControlofDrugAbuse(applicablefromfinancialyear201516)

Donationswith50%deductionwithoutanyqualifyinglimit.
JawaharlalNehruMemorialFund
PrimeMinister'sDroughtReliefFund
IndiraGandhiMemorialTrust
TheRajivGandhiFoundation

Donationstothefollowingareeligiblefor100%deductionsubjectto10%ofadjustedgrosstotalincome
Governmentoranyapprovedlocalauthority,institutionorassociationtobeutilisedforthepurposeofpromotingfamilyplanning
DonationbyaCompanytotheIndianOlympicAssociationortoanyothernotifiedassociationorinstitutionestablishedinIndiaforthedevelopmentofinfrastructure
forsportsandgamesinIndiaorthesponsorshipofsportsandgamesinIndia.

Donationstothefollowingareeligiblefor50%deductionsubjectto10%ofadjustedgrosstotalincome
AnyotherfundoranyinstitutionwhichsatisfiesconditionsmentionedinSection80G(5)
Governmentoranylocalauthoritytobeutilisedforanycharitablepurposeotherthanthepurposeofpromotingfamilyplanning
AnyauthorityconstitutedinIndiaforthepurposeofdealingwithandsatisfyingtheneedforhousingaccommodationorforthepurposeofplanning,developmentor
improvementofcities,towns,villagesorboth
AnycorporationreferredinSection10(26BB)forpromotinginterestofminoritycommunity
Forrepairsorrenovationofanynotifiedtemple,mosque,gurudwara,churchorotherplace.

DeductionsonContributionbyCompaniestoPoliticalParties
Section80GGB:DeductiononcontributionsgivenbycompaniestoPoliticalParties
DeductionisallowedtoanIndiancompanyforamountcontributedbyittoanypoliticalpartyoranelectoraltrust.Deductionisallowedforcontributiondonebyanyway
otherthancash.

Politicalpartymeansanypoliticalpartyregisteredundersection29AoftheRepresentationofthePeopleAct.Contributionisdefinedaspersection293Aofthe
CompaniesAct,1956.

DeductionsonContributionbyIndividualstoPoliticalParties
Section80GGC:DeductiononcontributionsgivenbyanypersontoPoliticalParties
Deductionisallowedtoataxpayerforanyamountcontributedtoanypoliticalpartyoranelectoraltrust.Deductionisallowedforcontributiondonebyanywayotherthan
cash.

Politicalpartymeansanypoliticalpartyregisteredundersection29AoftheRepresentationofthePeopleAct.

DeductionsonIncomebywayofRoyaltyofaPatent
Section80RRB:DeductionwithrespecttoanyIncomebywayofRoyaltyofaPatent
Deductionforanyincomebywayofroyaltyforapatentregisteredonorafter01.04.2003underthePatentsAct1970shallbeavailableuptoRs.3lakhsortheincome
received,whicheverisless.ThetaxpayermustbeanindividualresidentofIndiawhoisapatentee.Thetaxpayermustfurnishacertificateintheprescribedformduly
signedbytheprescribedauthority.

DeductionsonInvestmentinLongTermInfrastructureBonds[REMOVED]
Section80CCF:InvestmentinLongTermInfrastructureBonds
ThissectionisnolongervalidfromAY201213.

?
Section80DeductionTable

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Section Deductionon FY201516

Section80C InvestmentinPPF Rs.1,50,000

Employee'sshareofPFcontribution
NSCs
LifeInsurancePremiumpayment
Children'sTuitionFee
PrincipalRepaymentofhomeloan
InvestmentinSukanyaSamridhiAccount
ULIPS
ELSS
Sumpaidtopurchasedeferredannuity
Fiveyeardepositscheme
SeniorCitizenssavingsscheme
Subscriptiontonotifiedsecurities/notifieddepositsscheme
ContributiontonotifiedPensionFundsetupbyMutualFundorUTI.
SubscriptiontoHomeLoanAccountSchemeoftheNationalHousingBank
Subscriptiontodepositschemeofapublicsectororcompanyengagedinprovidinghousingfinance
ContributiontonotifiedannuityPlanofLIC
Subscriptiontoequityshares/debenturesofanapprovedeligibleissue
SubscriptiontonotifiedbondsofNABARD

80CC ForamountdepositedinannuityplanofLICoranyotherinsurerforpensionfromafundreferredtoinSection10(23AAB).

80CCD(1) Employee'scontributiontoNPSaccount(maximumuptoRs1,00,000forFY201415)

80CCD(2) Employer'scontributiontoNPSaccount Maximumupto10%

ofsalary

80CCD(1B) AdditionalcontributiontoNPS Rs.50,000

80TTA(1) InterestIncomefromSavingsaccount Maximumupto

10,000

80GG ForrentpaidwhenHRAisnotreceivedfromemployer Leastofrentpaid

minus10%oftotal
incomeRs.2000/per
month25%oftotal
income

80E Interestoneducationloan Interestpaidfora

periodof8years

80EE Interestonhomeloanforfirsttimehomeowners Nil

80CCG RajivGandhiEquitySchemeforinvestmentsinEquities Lowerof50%of

amountinvestedin
equitysharesorRs
25,000

80D MedicalInsuranceSelf,spouse,children Rs.25,000

MedicalInsuranceParentsmorethan60yearsoldor(fromFY201516)uninsuredparentsmorethan80yearsold
Rs.30,000

80DD Medicaltreatmentforhandicappeddependantorpaymenttospecifiedschemeformaintenanceofhandicappeddependant
Disabilityis40%ormorebutlessthan80%
Disabilityis80%ormore

Rs.75,000

Rs.1,25,000

80DDB MedicalExpenditureonSelforDependentRelativefordiseasesspecifiedinRule11DD LowerofRs

Forlessthan60yearsold 40,000orthe
Formorethan60yearsold amount
Formorethan80yearsold actuallypaid
LowerofRs
60,000orthe
amount
actuallypaid
LowerofRs
80,000orthe
amount
actuallypaid

80U Selfsufferingfromdisability:
Individualsufferingfromaphysicaldisability(includingblindness)ormentalretardation. Rs.75,000
Individualsufferingfromseveredisability

?
Rs.1,25,000

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Section Deductionon FY201516

80GGB Contributionbycompaniestopoliticalparties Amountcontributed

(notallowedincash)

80GGC Contributionbyindividualstopoliticalparties Amountcontributed

(notallowedincash)

80RRB DeductionsonIncomebywayofRoyaltyofaPatent LowerofRs3,00,000

orincomereceived

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