Common Deduction of Income Tax Chapter VIA, At a Glance Chapter VIA Deduction, List of all
Therefore, income tax deductions from 80C to 80U. Chapter VIA List of all cuts at a glance, cut under Chapter VI-A. In other words, Here we provide a list of all deductions covered under section VIA of the Income Tax Act. In this article, we provide a complete list of cuts, including the name of the section, a brief description of the section, a list of evaluators who may receive this discount, the amount of the cut, and so on. However,
Chapter VIA Deduction at a Glance
For instance, In this article, we provide a list of all deductions available under the Income Tax Chapter VIA. In this article, we provide a list of all the cuts by chapter under section VIA. Now take a look at the table below for a VIA chapter listing all the cuts.
Above all,Quantum allowed cutting paragraph descriptions
In addition,80C discount on life insurance premium, contribution to provident fund etc.
Deduction in case of a maximum contribution of fixed pension fund person and HUF. 1,50,000/- After that,
Similarly, 80CCC exemption is only maximum for individuals contributing to the fixed pension fund. 1,50,000
The contribution of salaried employees or self-employed persons and employees of the Central Government is not more than 10% of the salary in each case, 80CCD deduction in case of contribution to the advertised pension scheme. Maximum discount to an employee or self-employed person for limited contribution up to Rs.1,00,000
80CCE Limits 80C, 80CCC and 80CCD (1) N.A. 1,50,000
80CCG discount on investments made in an equity savings scheme
80D– Medical insurance premium deduction in case of individual or HUF whether residential or non-resident – in case of a person – maximum Rs. 25,000 & Senior Citizen Rs. 50,000/-
In conclusion, 80DD deduction for maintenance including medical treatment of a disabled person for senior citizen
Individual or HUF resident extra in India. 5,000
Rs.50,000 or Rs.1,00,000 in case of severe disability
80DDB deduction in case of medical treatment etc. India has the highest number of private or HUF residents. 40,000
80E deduction for loan interest for senior citizens
Extra-person or not. 20,000
Actual payment has been made
80EE Deduction only for personal maximum Rs. 50,000
80G discount on grants to certain funds, charities etc.
In case of paid rent 80GG deduction only individually (b) 100% or 50% of the eligible grant, after application – 10% eligibility limit of compatible GTI, maximum Rs.2,000 p.m.
80GGA discount on specific grants for scientific research or rural development
In case of interest on deposit in savings account 80TTA deduction person or HUF maximum Rs.10,000/-
80U deduction in case of disabled person Rs. 75,000 in case of residential person disabled and Rs.1.5 Lakh
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