We know that CBDT has extended the time limit to file ITR for non-audit cases up to 15th September 2025. If you have made some investments or incurred expenses during the Financial year 2024-2025 but not sure whether you can claim it in the ITR for the year, read the below detailed list to understand whether your investment or expense is an eligible deduction for your ITR.
Choose wisely while calculating your taxes and don’t miss out on any eligible deduction. This is a informative article and you always have an option to confirm your deductions from your tax expert.
| Section – 80C | ||
| 1 | 1) Life insurance premium for policy:
Individual – on life of assessee, spouse and any child of assessee HUF – on life of any member of the HUF 2) Sum paid under a contract for a deferred annuity: Individual – on life of the individual, spouse and any child of the individual [however, contract should not contain an option to receive cash payment in lieu of annuity] HUF – on life of any member of the HUF 3) Sum deducted from salary payable to Govt. servant for securing deferred annuity or making provision for his wife/children [qualifying amount limited to 20% of salary] 4) Contributions by an individual made under EPF Scheme 5) Contribution to Public Provident Fund Account or for participation in ULIP of UTI or ULIP of LIC Mutual Fund in the name of: Individual – such individual or his spouse or any child of such individual HUF – any member thereof 6) Contribution by an employee to a RPF or SAF 7) Sukanya Samridhi Account notified by Govt. Amount can be deposited by Individual in the name of her girl child or any girl child for whom assessee is a legal guardian 8) Subscription to National Savings Certificates (NSC) and subscription of Home Loan Account Scheme 9) Tuition fees (excluding development fees, donations, etc.) paid by an individual to any university, college, school or other educational institution in India, for full time education of any 2 of his/her children 10) Payments for purchase/construction of residential house property 11) Subscription to schemes of public sector companies providing long-term finance for purchase/construction of residential houses in India 12) Sum paid towards notified annuity plan of LIC or other insurer 13) Subscription to any units of Mutual Fund under 10(23D) or the UTI 14) Contribution by an individual to any pension fund set up by any mutual fund which is referred to in section 10(23D) or by the UTI 15) Subscription to equity shares or debentures or units of any approved Mutual fund being approved eligible issue of capital made by public company or PFI 16) Minimum 5-year term deposit with a scheduled bank or Post office Time Deposit Rules, 1981 17) Subscription to notified bonds issued by the NABARD 18) Deposit in an account under the Senior Citizen Savings Scheme Rules, 2004 19) Contribution to specified account of pension scheme referred to in section 80CCD in case of central Government employee |
Upto Rs.1,50,000 [subject to maximum limit of Rs.1,50,000 combined for sections 80C, 80CCC, 80CCD(1)] |
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| Section – 80CCC | |||||||||||||||||||||||||||||
| 1 | Contribution to certain specified Pension Funds of LIC/other insurer by an Individual | Up to 1,00,000 [Subject to overall limit of Rs. 1,50,000 under Section 80C, 80CCC and 80CCD(1)] | |||||||||||||||||||||||||||
| Section – 80CCD | |||||||||||||||||||||||||||||
| 1 | Contribution to NPS by an Individual
Note:- 1. Deduction under section 80CCD(2) on account of contribution made by the employer to a pension scheme is not subjected to ceiling limit of Rs. 1,50,000 as provided under section 80CCE. 2. Addition deduction of Rs. 50,000 shall not be allowed in respect of contribution which is considered for deduction under section 80CCD(1), i.e., limit of 10% of salary/gross total income |
Lower of:
a) amount contributed to pension scheme or b) 10% of salary/gross total income (GTI) [This is subject to ceiling limit of Rs. 1,50,000 under 80CCE] Additional deduction to the extent of Rs. 50,000 [this is not subject to limit of Rs.1,50,000 under 80CCE] shall also be available to the assessee under section 80CCD(1B). Contribution made by employer shall also be allowed as deduction under section 80CCD(2) while computing total income of the employee. However, amount of deduction could not exceed 14% of salary if contribution is made by Central/State Government and 10% of salary in case of others. |
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| GTI – 10% or 14% as the case may be, of salary in case of employees otherwise 20% of gross total income.
14% in case income of assessee is chargeable to tax under section 115BAC |
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| Section – 80CCH | |||||||||||||||||||||||||||||
| 1 | Individual enrolled in Agnipath Scheme and subscribing to Agniveer Corpus Fund om or after 01.11.2022.
Central Government also contributes any amount to the said fund. |
Full amount contributed by the Individual as well as Central Government is allowed.
[In case of assessee opting 115BAC, deduction is allowed only for the contribution made by the Central Govt. and not of the contribution made by the assessee] |
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| Section – 80D | |||||||||||||||||||||||||||||
| 1 | Amount paid (in any mode other than cash) by an individual or HUF for medical insurance of specified person. An individual can also made payment to the Central Government health scheme and/or on account of preventive health check-up.
[1. Preventive health check-up (can be cash or online) is allowed maximum Rs. 5,000 aggregate. 2. This limit also includes medical expenditure Rs. 50,000 incurred on the health of specified person being senior citizen (60 years or more) and no amount has been paid for medical insurance for the health of such person.] |
In case of Individual
Amount paid: For self, spouse and dependent children: Rs. 25,000 (Rs. 50,000 if specified person is a senior citizen) For parents: additional deduction of Rs. 25,000 shall be allowed (Rs. 50,000 if parent is a senior citizen) In case of HUF Premium up to Rs. 25,000 (Rs. 50,000 if person insured is a senior citizen) paid to insure any member of the family. Examples:
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| specified person means
In case of Individual – Self, Spouse, dependent children or parents In case of HUF – Any member thereof |
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| Section – 80DD | ||
| 1 | Resident Individual and HUF:
a) Any expenditure incurred for the medical treatment (including nursing), training and rehabilitation of a dependent, being a person with disability b) Any amount paid or deposited under an approved scheme framed in this behalf by the LIC or any other insurer or the Administrator or the specified company for the maintenance of a dependent, being a person with disability. |
Rs. 75,000 (Rs. 1,25,000 in case of severe disability) |
| Section – 80DDB | ||
| 1 | Expenses actually paid by resident individual and HUF for medical treatment of specified diseases and ailments of:
In case of Individual: Assesses himself or wholly dependent spouse, children, parents, brothers and sisters In case of HUF: Any member of the family who is wholly dependent upon the family |
Up to Rs. 40,000 (Rs. 1,00,000 in case of senior citizen) |
| Section – 80E | ||
| 1 | Amount paid out of income chargeable to tax by way of interest on loan taken from financial institution/ approved charitable institution for pursuing higher education [maximum period – 8 years starting from the year in which first payment was made]
[Allowed even if paid for relative of any student for whom the said assesses is a guardian] |
Deduction of full amount paid as interest on Loan without any limit |
| Section – 80EE | ||
| 1 | Interest payable on loan taken up to Rs. 35,00,000 by an individual taxpayer from any financial institution, sanctioned during the FY 2016-17, for acquisition of a residential house property whose value is up to Rs. 50,00,000 | Deduction of up to Rs.50,000 towards interest on loan. |
| Section – 80EEA | ||
| 1 | Interest payable on loan taken by an individual taxpayer, who is not eligible to claim deduction under 80EE, from any financial institution, sanctioned during the period beginning on 01-04-2019 and ending on the 31-03-2022; for acquisition of a residential house property whose SDV does not exceed Rs. 45,00,000 | Deduction up to Rs.1,50,000 towards interest on loan. |
| Section – 80EEB | ||
| 1 | Interest payable on loan taken by an individual taxpayer from any financial institution, sanctioned during the period beginning on 01-04-2019 and ending on the 31-03-2023; for purchase of an electric vehicle. | Deduction up to Rs.1,50,000 towards interest on loan. |
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| Section – 80G | |||
| 1 | Donations to National Defence Fund PM National Relief Fund PM Armenia Earthquake Relief Fund CM Relief fund & Lieutenant Governor Relief Fund Zilla Saksharta Samiti National Foundation for Communal Harmony National Sports Development Fund National Children Fund National Cultural Fund Swachh Bharat Kosh Clean Ganga Fund National Fund or control of Drug abuse PM Citizen Assistance and Relief Fund (Care Fund) Any other notified Fund |
Deduction of 100% of the amount contributed without any limits | |
| 2 | Donation to PM Drought Relief Fund | Deduction of 50% of the amount contributed without any limits | |
| 3 | Donations to
Govt., Local authority, approved institution for promotion of family planning Indian Olympics association or any other institution for development of infrastructure for sports [allowed only for Companies] |
Deduction of 100% of the eligible amount contributed subject to the limits
Eligible amount: Lower of Total donation or 10% of the ATI is the eligible donation. ATI = GTI – All deductions except limited category under 80G |
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| 4 | Donations to
Renovation or repair of religious places Public charitable trust Housing development authority For promotion of community of minority in India |
Deduction of 50% of the eligible amount contributed subject to the limits
Eligible amount: Lower of Total donation or 10% of the ATI is the eligible donation. ATI = GTI – All deductions except limited category under 80G |
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| Cash donation is allowed only if it is up to Rs.2,000
In case of donation to trust or institution, donation is allowed it is registered under 80G(5) Donations given in kind are not allowed under this section |
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| Section – 80GG | |||
| 1 | Rent paid by an individual for furnished/ unfurnished residential accommodation if he is not receiving any HRA | Exempt amount is lower of:
a) Rent paid in excess of 10% of total income or b) 25% of the Total Income or c) Rs. 5,000 per month. Total Income = GTI – STCG(111A) – deductions under 80C to 80U (other than 80GG) – income under 115A |
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| Section – 80GGA | |||
| 1 | Deduction in respect of certain donations for scientific, social or statistical research or rural development programme or for carrying out an eligible project or National Urban Poverty Eradication Fund shall be allowed | 100% of donations or contributions made.
No deduction shall be allowed if contribution is paid in cash in excess of Rs.10,000 |
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| Section – 80GGB | |||
| 1 | Sum contributed by any Indian Company to any political party/electoral trust | Deduction is allowed up to the amount so contributed if such contribution is not made in cash mode. | |
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| Section – 80GGC | ||
| 1 | Sum contributed to any political party/electoral trust by all assessee other than local authority and artificial juridical person wholly or partly funded by Government | Deduction is allowed up to the amount so contributed if such contribution is not made in cash mode. |
| Section – 80IA | ||
| 1 | Deduction from profit and gains derived by an eligible business
[Eligible business: a. Development, operation or maintenance of infrastructure facility [infrastructure facility – road including toll road, bridge or rail system | Highway project including any housing activity being integral part of it | Water supply and waste management project | Port, airport, inland port etc b. Development, operation or maintenance of Industrial park or SEZ c. Generation or distribution of power d. Transmission or distribution by laying network of new transmission lines e. Substantial renovation and modernization of existing network [Substantial – Increase of atleast 50% of Book value of Plant & machinery] |
100% deduction is allowed in these cases only if the eligible business in commenced up to 31.03.2017
Deduction is allowed in 2 ways 1.10 consecutive AY out of 20 AY from the year of commencement of business in case of business of road, highway project and water supply and waste management project. 2. 10 consecutive AY out of 15 AY from the year of commencement of business in all other cases |
| Section – 80IAB | ||
| 1 | Deduction from profit and gains derived by the assessee engaged in development, operation or maintenance of Industrial park or SEZ | 100% of the profit is allowed as deduction for 10 consecutive AY out of 15 AY from the year of commencement of business. This deduction is allowed only if business is commenced up to 31.03.2017.
[No deduction will be allowed to demerged or amalgamating company from the year of demerger or amalgamation. The deduction will be allowed to resulting or amalgamated company. |
| Section – 80-IAC | ||
| 1 | Deduction from profit and gains derived by an eligible start-up from a business involving innovation, development, deployment or commercialization of new products, process or services driven by technology or intellectual property rights. Deduction in respect of eligible start-up
[Eligible start-up means a company or a limited liability partnership, incorporated on or after 1/4/2016 but before 1/4/2025 and holds a certificate from Inter-Ministerial Board of Certification] |
100% deduction is available for any 3 consecutive AY out of 10 years beginning from the year of incorporation.
However, total turnover of eligible start-up should not exceed Rs. 100,00,00,000 in previous year in which deduction under section 80-IAC is claimed. |
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| Section – 80-IBA | ||
| 1 | Deductions in respect of profits and gains arising from housing projects | Deduction of 100% of the profits and gains derived by assesses from the business of developing and building affordable housing projects. |
| Section – 80JJA | ||
| 1 | Deduction in respect of profit or gain from business of collecting or processing bio-degradable waste | Whole amount earned shall be allowed as deduction for a period of 5 AY beginning from year of commencement of business.
[Business, here, will mean collecting and processing or treating of bio-degradable waste for generating power or producing bio-fertilizers, bio-pesticides or other biological agents or for producing bio-gas or making pellets or briquettes for fuel or organic manure] |
| Section – 80JJAA | ||
| 1 | Deduction in respect of hiring of new employees [net effect shall be increase in total number of employees] by the assessee on whom sec 44AB apply and emoluments are paid in any mode other than cash. | 30% of the additional employee cost incurred in the course of business is allowed for 3 AY starting from the year in which employment is provided.
Business should not be a part of reconstitution of any existing business. [Additional conditions to claim deduction Salary of new employees shall be up to Rs.25,000 per month. Employee shall be hired for atleast 240 days in the year (for assessee in manufacturing of leather, footwear, apparel it should be 150 days). If not then it should be taken as employment in next year. Any emolument shall not be paid or compensated by Central Govt.] |
| Section – 80M | ||
| 1 | Deduction in respect of inter-corporate dividends by domestic company from any other domestic company or foreign company or business trust | Maximum deduction:
Amount as declared up to 1 month prior to its return filing due date under sec 139(1) by company/ trust distributing such dividend. |
| Section – 80QQB | ||
| 1 | Resident Individual
Royalty income – authors of certain specified category of books other than text books |
Exempt amount is lower of:
In case of Lump sum payment – Amount of royalty income subject to maximum of Rs. 3,00,000 In other cases – amount of such income subject to maximum of 15% of value of books sold during the previous year. |
| Section – 80RRB | ||
| 1 | Resident individual
Royalty in respect of patents registered on or after 01.04.2003 |
100% of royalty subject to maximum of Rs. 3,00,000 |
| Section – 80TTA | ||
| 1 | Interest on deposits in saving account of an Individual or HUF (except senior citizen) with a banking company, a post office, co-operative society engaged in banking business, etc. | 100% of amount of such income subject to maximum of Rs. 10,000 |
| Section – 80TTB | ||
| 1 | Interest on deposit in saving/fixed account of an senior citizen with a banking company, a post office, co-operative society engaged in banking business, etc. | 100% of amount of such income subject to maximum of Rs. 50,000 |
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| Section – 80U | |||
| 1 | Resident Individual
At any time during the PY is certified by the medical authority to be a person with disability [as defined under Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995] |
Rs. 75,000 (Rs. 1,25,000 in case of severe disability) | |
| Section – 80P | |||
| 1 | Maximum amount of deduction available to specified co-operative societies if it is engaged in activities in addition to the prescribed activities | Rs.1,00,000 in case of consumer co-operative society or Rs.50,000 in any other case | |
| 2 | Deduction available to a co-operative society, [not being a housing society or an urban consumers’ society or a society carrying on transport business or a society engaged in the performance of any manufacturing operations with the aid of power] in respect of income by way of interest on securities or any income from house property | 100% deduction if its gross total income does not exceed Rs.20,000 | |
| Section – 80PA | |||
| 1 | Producer company engaged in an eligible business of marketing, purchase or processing of agricultural produce of its members | 100% of profits for a period of 5 years from the FY 2018-19 subject to the condition that the total turnover of company shall be less than Rs. 100,00,00,000 during the FY | |
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