DEDUCTIONS FROM GTI- Section 80

Sec. Available Condition Deduction

to

Subscription to notified bond of NABARD

>5 Year term deposit in bank / post office
LIP – Self , spouse, children(Dependent ,
independent , Married , Unmarried )
 Contribution to provident fund , Superannuation
Individual Fund
80C / HUF  NSC
 Tuition Free (for full time education of children in
India)
 15 year PPF(self, spouse , children (minor))
 Payment towards cost of purchase / construction of
Residential property including Repayment of
Up to Rs.
housing loan (Only Principal Component )
1,50,000
 Notified Unit of UTI , Mutual fund , LIC (sec.80CCE
 Subscription to public Deposit Scheme of HUDCO )
(Housing &Urban Development Corporation Ltd.)
 Senior Citizen Saving Scheme
Maximum Rs.1,50,000

80CCC Individual Deposit to pension fund of LIC or other insurer ( maximum

Rs.1,50,000)
Deposit to pension Fund Scheme Notified by CG(Employed
by CG or other Employer )NPS contribution . National
80CCD(1) Individual pension scheme (NPS) is a retirement benefit scheme . It is
applicable in the case of an employee who joins the Central
Government on or after jan 1, 2004.

Up to 10% of salary (Employee Contribution ) Or

Rs.1,00,000 which ever is lower
- salary means Basic and DA

Deposit to pension Fund Scheme Notified by CG(Employed

by CG or other Employer )NPS contribution . National
80CCD(2) Individual pension scheme (NPS) is a retirement benefit scheme . It is
applicable in the case of an employee who joins the Central
Government on or after jan 1, 2004. 10% of
salary or
amount
deposited
whichever is
Up to 10% of salary (Employer Contribution ) lower
--salary means Basic and DA

80CCD(1B Individual Additional Deduction in respect of any amount paid upto Any
) Rs.50,000 for contribution for NPS amount

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 For This section Ceiling of Rs.150 000 is not applicable. upto
Rs.50,000

Investment under Equity Savings Scheme

 GTI does not exceed Rs12 lakh 50%
 Acquired listed shares or listed units in accordance invested
with a notified scheme . amount or
80CCG Individual  The assessee is a new retail investor as specified in 25,000
the about notified scheme . wherever is
 The investment is locked –in for a period of 3 years less
 The assessee satisfied any other condition as may be
prescribed
This deduction is available only Upto A.Y 2017-2018

Mediclaim policy ( Medical Insurance Policy ) paid by any Up to Rs.

mode other than cash or central Government Health Scheme. 25,000
Additional
80D  Insurance can be taken on the health of Self, Spouse Rs.25,000(if
Individual and Dependent Children. anyone is
/ HUF Senior
Citizen )
Up to Rs.
 Insurance can be taken on the health of parents 25,000
(Father & Mother whether dependent or not ) Additional
Rs.25,000(if
anyone is
Senior
Citizen )

Maintenance including Medical Treatment of dependent Fixed

with disability. Deduction
Resident  Medical Treatment Rs.75,000 or
80DD individual/  Deposit in scheme of LIC or other insurance in this 1,25,000(if
HUF behalf disability >
 Disable dependent must not claim Deduction u/s 80u 80%)
 Spouse , parent, children .brother ,sister
 For claiming the assessee must have the Certificate
issued by medical authority

Medical Treatment of specified disease of Self , spouse , UP to Rs

Resident parent , Children , Brother , Sister 40,000 or up
80DDB Individual  Amount received from insurance company shall be to
/ HUF deducted from Rs 40,000/60,000/80,000 Rs1,000,000
 Deduction under this section shall be reduced by if incurred in
the amount received from Insurance company or respect of
reimbursed by the employer Senior
citizen
Payment of interest on loan taken for higher studies Amount of
 Self , Spouse , Children (Dependent , independent , interest paid
(Not the
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80E Individual Married , Unmarried ) principal
 Available for 8 AY beginning with AY year in sum )
which payment of interest begin
 Any Studies after passing Xth including Vocational
Studies

80EE Individual Interest on Loan for residential HP Rs.50000 or

 Loan is sanctioned between 1.4.2016-31.03.2017 interest
 Assessee does not own any other Res. HP on the component
date of sanction for AY
 Amount of loan does not exceed Rs.35 lakh which ever
 Value of Res. HP does not exceed Rs.50lakh is low
 No double deduction under any other provision of
the IT Act

80EEA Interest on Loan for residential HP Interset

Individual payable on
 Loan is sanctioned between 1.4.2019 ----31.03.2022
 Assessee does not own any other Res. HP on the loan or Rs
date of sanction 80EE 1,50,000
 Not eligible to claim exemption whichever is
 Stamp duty value of Res. HP does not exceed less
Rs.45lakh
 No double deduction under any other provision of
the IT Act like u/s 24(b)

Donation

GTI( gross total income )

XXXX
Any Less: LTCG, STCG U/S 111A See note
80G assessee XXXX after the
Less: Exempted income chart
XXXX
Less : All deduction u/s 80C to 80U except 80G
XXXX
Adjusted GTI
XXXX

Step I – gross qualifying Amount

Step 2 – net Qualifying Amount

Step -3 - Amount of Deduction

80GG Individual Deduction amount for Rent Paid

(Self- (a) Rs. 5,000 per month
employed ) (b) 25% of “total income”
(c) The excess of actual rent paid over 10% of “total
income”
Here alsoTotal Income is Adjusted GTI like sec 80 G
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80GGA Any one 100% of the
without donation or
having Contribution
Donation and contribution to any approved Research
PGBP ( no
Association, University, Colleges or Other Institution to
deduction if
be used for Scientific research or rural development.
paid in cash
exceeding
Rs.2000)

80QQB Resident Royalty income of author

individual Case 1 : Copy right transferred for lump sum consideration
Case 2: Copy right not transferred , Royalty Received
whether in Lump sum or otherwise
 For the purpose of Deduction in case 2 , royalty
received not to exceed 15% of value of book sold .
 Amount Received in india in convertible foreign
exchange within 6 month from end of py shall be
taken as Royalty received

80RRB Resident Royalty on patent

individual  Amount Received in India in convertible foreign Royalty
exchange within 6 month for end of shall be taken as Received
Royalty received less
expenses or
3,00,000
whichever
is lower
80TTA Individual Interest on Savings Accounts with a bank , PO etc. Upto
/HUF Rs.10000
Not available if 80TTB is claimed

80TTB Individual Interest on Deposit with bank, Co-op Bank/PO Upto

Senior Rs.50000
Citizen
Suffering from disability ( Blindness , Low vision , Fixed
leprosy-cured, hearing impairment , locomotors disability, Deduction
80U Individual Mental retardation , mention illness ) Rs.75,000 or
Rs 1,25,000
(if disability
>80%)

Amount deductible under section 80 (G)

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The deductions are classified in two tables.The first table consists of 100% and the second for 50% of
deduction under section 80(G).

1. DEDUCTION OF 100% OF NET QUALIFYING AMOUNT UNDER SECTION

80(G):

A. National Defence Fund set up by the Central Government.

B. Prime Minister’s National Relief Fund.
C. Prime Minister’s Armenia Earthquake Relief Fund.
D. Africa(Public Contributions-India) Fund.
E. National Foundation for Communal Harmony.
F. An approved university/educational institution.
G. The Maharashtra Chief Minister’s Relief Fund during October 1,1993 and October 6,1993 and
the Chief Minister’s Earthquake Relief Fund.
H. Any Fund set up by the Government of Gujrat for providing relief to victims of earthquake in
Gujrat.
I. Zila SakshartaSamiti.
J. National Blood Transfusion Council and State Council for Blood Transfusion.
K. Fund set up by a State Government for the medical Relief to the poor.
L. Central Welfare Fund of the Army and Air Force and the Indian Naval Benevolent Fund.
M. Andhra Pradesh Chief Minister’s Cyclone Relief Fund.
N. National Illness Assistance Fund.
O. Chief Minister’s Relief Fund or Lieutenant Governor’s Relief Fund.
P. National Sports Fund or National Cultural Fund or Fund for Technological Development and
Application.
Q. Government or any approved local authority ,institution or association to be utilized for
the purpose of promoting family planning.
R. The Indian Olympic Association or to an institute notified by the Central Government for
the development of the infrastructure for the sports and games in India ;or the
sponsorship of sports and games in India(only donation by a company).
S. Any trust ,institution or fund to which section 80G(5C) applies for providing relief for victims
of earthquake in Gujrat(contribution could be made during January 26,2001 and
september30,2001
T. National Trust for Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and
Multiple Disabilities.
Point no P & Q are subject to a maximum qualifying amount which is 10% of Adjusted Gross Total
Income

2. DEDUCTION OF 50% OF NET QUALIFYING AMOUNT UNDER

SECTION 80(G):
A. Jawaharlal Nehru Memorial Fund.
B. Prime Minister’s Drought Relief Fund.

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 C. National Children’s Fund.
D. Indira Gandhi Memorial Trust.
E. Rajiv Gandhi Foundation.
F. Any other approved fund or any institution which satisfies conditions mentioned in
section 80G(5).
G. Government or any other local authority to be utilised for any charitable purpose other
than of promoting family planning.
H. Any authority constituted in India by any law enacted either for the purpose of dealing
with and satisfying the need for housing accommodation or for the purpose of planning ,
development or improvement of cities, towns and villages or for both.
I. Any corporation specified in section 10(26BB) for promoting interest of minority
community.
J. Any notified temple, mosque ,gurdwara, church or other place(for renovation or
repair).
Point no F,G,H,I & J ( aggregate of the sum ) are subject to a maximum qualifying amount which is
10% of Adjusted Gross Total Income

SEC 80IA DEDUCTIONS

Available to Condition Project to Deduction

be
completed

INDIAN Developing ,operating ,Maintaining, 100% for

COMPANY Infrastructure Facility 10 AY out
 Road, toll road ,bridge or a rail system of 20AY
 Highway Project including housing
 Water supply Project ,Solid waste
management System

INDIAN  A Port, Airport ,Inland water ways, inland 100% for

COMPANY Port or navigational channel in the sea 10 AY out
of 15AY
ANY ASSESSEE Providing Telecommunication Service 31.3.05 100% for
5 AY
30% for 5
AY
Maintains & Operates Industrial Park or SEZ. 31.3.05
100% for
10 AY

Generation or distribution of power(Includes

Substantial Renovation)
INDIAN Laying and operating cross-country natural gas 100% for
COMPANY distribution network 10 AY out
of 15AY

SEC.80IAB

Available to Condition Deduction

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ANY ASSESSEE Maintains & Operates 100% for 10 AY out of 15AY
Industrial Park or SEZ(after
1.4.05)
Development of SEZ begins on
or before 31.03.2017
SEC.80IAC

Available to Condition Deduction

A company or LLP Engaged in Eligible Business 100% of profit in any 3
involves innovation,development consecutive AY out of
commercialization of new 5yearof starting
product,process or service

Annual turnover should not exceed

Rs.25 crore in any 5years starting from
01.4.2016

SEC80IB

Available to Condition Project to be Deduction

completed

ANY ASSESSEE Industrial undertaking in 31.3.04(31.3.1 100%-5AY

Backward area(Production of 2 for J&K) 25%-5AY
alcohol,cigarettes Prohibited) (30% in case of
company)

Cold chain facility

SSI in any area 25%-10AY

(30% in case of
company)
Construction and development 4 years from 100% till sold
of housing projects end of FY in
which
approved
Production or Refining of 31.3.2012 100%-7AY
mineral oil and natural gas
Handling ,Storage and 100%-5AY
transportations of food grains 25%-5AY
(30% in case of
company)
Processing, Reservation and
packaging of fruits&
vegetables

Hospital in Rural areas(at least 100%-5AY

100 beds)

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Rebate U/s 87A

Rs.2500 or 100% income tax payable whichever is less

Conditions.

i. Taxpayer is a resident individual

ii. His total income or net income or taxable income (GTI-deduction u/s 80C to 80U) is
Rs.3.5lakhs or less.