Income Tax Deductions List - Deductions on Section 80C, 80CCC, 80CCD & 80D - FY 2024-25 (AY 2025-26)

Section 80C – Deductions on Investments

Section 80C is one of the most popular and favorite sections amongst taxpayers as it allows them to reduce taxable income by making tax-saving investments or incurring eligible expenses. 

• Who can claim Section 80C deduction: Section 80C deduction can be claimed by Individuals and HUFs
• Maximum deduction allowed under section 80C: Up to Rs.1.5 lakh can be claimed as a deduction every year from the Gross total income. 
• This deduction is only for individuals and HUFs.
• Companies, partnership firms, and LLPs cannot avail the benefit of this deduction.
• The following table presents a comprehensive table comprising of list of deductions available under section 80C  

Deduction Limits Under Section 80C, 80CCC, 80CCD(1), 80CCE, 80CCD(1B)

Section 80CCC and Section 80CCD provide deductions for the investments in the pension scheme either by yourself or by way of the employer’s contribution.

The maximum deduction under Section 80C, 80CCC and 80CCD(1) put together is Rs 1.5 lakhs. However, you may claim an additional deduction of Rs 50,000 allowed u/s 80CCD(1B) for contributions made to NPS(National Pension Scheme). Thus, the maximum deduction limit is Rs 2 lakhs under Section 80C+80CCC+80CCD(1) + Section 80CCD(1B).

Section 80TTA – Interest on Savings Accounts

• Who can claim Section 80TTA deduction: Section 80TTA deduction can be claimed by an individual or HUF. 
• Maximum deduction allowed under section 80TTA: Rs 10,000

Section 80TTB – Interest From Deposits Held by Senior Citizens

• Who can claim Section 80TTB deduction: Section 80TTB deduction can be claimed by a resident senior citizen aged 60 years and above at any time during the financial year.
• Maximum deduction allowed under section 80TTB: Rs 50,000 

Section 80GG – Income Tax Deduction on House Rent Paid

• Who is eligible to claim deduction under Section 80GG: Those who do not receive HRA in their salary structure but live in rented accommodations. 
• Conditions for claiming Section 80GG: 
  • Taxpayer must be self-employed or salaried individual who does not receive HRA
  • Taxpayer must be paying rent for residential purpose only
  • The taxpayer should not have self-occupied residential property in any other place. Also, the taxpayer, their spouse or minor child or their HUF should not own any residential accommodation in the place where they currently reside.
  • File Form 10BA - 
• How much deduction is available Under Section 80GG:   
  The least of the following is available as deduction:
  • Rent paid (-) 10% of adjusted total income*
  • Rs 5,000/- per month
  • 25% of adjusted total income*   
    
    *Adjusted Gross Total Income =    
    Gross Total Income    
    Less:   
    - LTCG, if any, included in total gross income   
    - STCG u/s 111A   
    - Deductions u/s 80C to 80U except deduction under section 80GG   
    - Incomes of NRIs and foreign companies are taxed at a special tax rate, such as incomes u/s 115A, 115AB, 115AC, or 115AD.

An online ITR e-filing software like that of ClearTax is extremely easy as the limits are auto-calculated. So you do not have to worry about making complex calculations.

Section 80E – Interest on Education Loan

• Who is eligible to claim deduction under Section 80E: An individual can claim a deduction of interest paid on an education loan taken for pursuing higher education. 
• The education loan can be taken for the taxpayer, their spouse or children or for a student for whom the taxpayer is a legal guardian.
• 80E deduction is available for a maximum of 8 years (beginning the year in which the interest starts getting paid) or till the entire interest is paid, whichever is earlier. There is no ceiling limit on the amount of interest that can be claimed.

Section 80EEA – Interest on Home Loan For First-Time Home Owners

Section 80EEA, which provides taxpayers with an extra deduction for paying interest on a house loan. Whereas Section 24 exempted interest on home loans up to Rs.2 lakhs, this section provides a tax exemption of up to Rs1.5 lakhs per financial year to individuals on the interest paid on home loans for purchasing/constructing an affordable house. Deduction can be claimed for the housing loan taken between 1st April 2019 to 31st March 2022. Read in detail here.

80EE- Interest on Home Loan For First-Time Home Owners

This deduction can be claimed from FY 2016-17 and onwards only if the loan has been taken in FY 2016-17.

The deduction under section 80EE is available only to home-owners (individuals) having only one house property on the date of sanction of the loan. The value of the property must be less than Rs 50 lakh and the home loan must be less than Rs 35 lakh. The loan taken from a financial institution must have been sanctioned between 1 April 2016 and 31 March 2017.

There is an additional deduction of Rs 50,000 available on your home loan interest on top of the deduction of Rs 2 lakh (on the interest component of home loan EMI) allowed under section 24.

Click here know more about section 80EE

Section 80EEB - Interest paid on Electric Vehicle Loan

To encourage the purchase and usage of electric vehicles, deduction is allowed for interest paid on vehicle loan availed to purchase the electric vehicles up to Rs.150,000.

Click here to know more on the condition specified for claiming deduction.

Section 80D – Deduction on Medical Insurance Premium

You (as an individual or HUF) can claim a deduction of Rs.25,000 under section 80D on insurance for self, spouse and dependent children. An additional deduction for insurance of parents is available up to Rs 25,000, if they are less than 60 years of age. If the parents are aged above 60, the deduction amount is Rs 50,000.

In case, both taxpayer and parent(s) are 60 years or above, the maximum deduction available under this section is up to Rs.1 lakh.

In case of senior citizens, the amount paid on account of medical expenditure incurred is allowed as deduction under Section 80D provided health insurance is not taken on them.

MODE OF PAYMENT

Premium Payment to be made in any mode other than cash, however for preventive health check-up cash payments are acceptable.

Example: Rohan’s age is 65 and his father’s age is 90. In this case, the maximum deduction Rohan can claim under section 80D is Rs. 100,000.

From FY 2015-16 a cumulative additional deduction of Rs. 5,000 is allowed for preventive health check but within the specified limit.

Section 80DD – Deduction for Medical Treatment of a Dependent with Disability

• Section 80DD deduction is available to a resident individual or a HUF
• Deduction: Expenditure incurred on medical treatment (including nursing), training and rehabilitation of specially-abled (handicapped) dependent relative

• To claim this deduction a certificate of disability is required from the prescribed medical authority.

Note: Dependant means the spouse, children, parents, brothers and sisters of the individual in case of Individuals, a member of the Hindu undivided family in the case of HUF and such dependent should not claim deduction under section 80U in his/her income tax return.

Section 80DDB – Deduction for Medical Treatment etc

• Who is eligible to claim Section 80DDB deduction: 80DDB deduction is available to a resident individual or a HUF. You can get a deduction for any money you spend on medical treatments for yourself or your dependents 
• Quantum of deduction under 80DDB:

• For reimbursement claims: Any reimbursement of medical expenses by an insurance company or employer shall be reduced from the quantum of deduction the taxpayer can claim under this section. Also, remember that you need to get a prescription for such medical treatment from the concerned specialist to claim such a deduction. Read our detailed article on Section 80DDB. 

Section 80U – Deduction for Disabled Individuals

A deduction of Rs.75,000 is available to a resident individual who suffers from a physical disability (including blindness) or mental retardation. In case of severe disability, one can claim a deduction of Rs 1,25,000.

Click here to know more about the types of disability covered u/s 80U and how to claim it.

Section 80G – Income Tax Benefits Towards Donations for Social Causes

The various donations specified in u/s 80G are eligible for deduction up to either 100% or 50% with or without restriction.

From FY 2017-18, any donations made in cash exceeding Rs 2,000 will not be allowed as a deduction. Donations above Rs 2000 should be made in any mode other than cash to qualify for an 80G deduction.

a. Donations with 100% Deduction Without any Qualifying Limit

b. Donations with 50% Deduction without any Qualifying Limit

c. Donations to the following are Eligible for 100% Deduction Subject to 10% of Adjusted Gross Total Income

d. Donations to the following are Eligible for 50% Deduction Subject to 10% of Adjusted Gross Total Income

Section 80GGB – Company Donation to Political Parties

Section 80GGB deduction is allowed to an Indian company for the amount contributed by it to any political party or an electoral trust. A deduction is allowed for donations done by any mode of payment other than cash.

Section 80GGC – Deduction on Donations By a Person to Political Parties

• What is Section 80GGC Deduction: 80GGC provides deduction for any amount donated to a political party or an electoral trust. You can avail this deduction only if you pay by any mode other than cash. 
• Who can claim deduction under section 80GGC: Only an individual taxpayer can claim deduction under section 80GGC. It is not available for companies, local authorities and an artificial juridical person wholly or partly funded by the government. They may claim the deduction under Section 80GGB.

Section 80RRB – Deduction on Income via Royalty of a Patent

80RRB Deduction for any income by way of royalty for a patent, registered on or after 1 April 2003 under the Patents Act 1970, shall be available for up to Rs.3 lakh or the income received, whichever is less. The taxpayer must be an individual patentee and an Indian resident. The taxpayer must furnish a certificate in the prescribed form duly signed by the prescribed authority.

Section 80QQB – Deduction on Royalty Income of Authors

Authors of India who are earning royalty or copyright income are eligible to claim deduction under section 80QQB of  up to Rs.3 lakh or the income received, whichever is less . There are certain conditions that must be satisfied to be eligible for this tax deduction. Click here to know more

Section 80 Deductions Summary Table

Final Word

While there are several tax-saving deductions under Chapter VI-A, taxpayers should carefully select the options that best align with their financial goals, ensuring both tax efficiency and long-term benefits