Allowable Deductions from Gross Total Income
Deductions allowable under various sections of Chapter VIA of Income Tax Act
- Under section 80C (Various investments)
- Under section 80CCC (Premium for Annuity plans)
- Under section 80CCD (Contribution to Pension Account)
- Under section 80D (Medical/ Health Insurance)
- Under section 80DD (Rehabilitation of Handicapped Dependent Relative)
- Under section 80DDB (Medical Expenditure on Self or Dependent Relative)
- Under section 80E (Interest on Loan for Higher Studies)
- Under section 80G (Various Donations)
- Under section 80GG (House Rent Paid)
- Under section 80U (Employee suffering from Physical Disability)
- Under section 80RRB (Royalty of a Patent)