Gaurav Kashyap
Finance Executive
Officer ( Accounts & Finance )
+1 Other

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hi friends, plz tell me that what are the deductions under chapter vi a and what is the limit of deduction amount. thanks. [email protected]
From India , Chandigarh
Hi Ankit,

Deductions under Chapter VI A are:

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)

Deduction Limits are as follows:

The total deduction under the section (section 80C, 80CCC and 80CCD) is limited to Rs. 1 lakh only. It covers PPF (Rs 70,000/-), NSC, ELSS, Mutual Fund (Tax Saver), Fixed deposit in scheduled bank, Education expenditure(children), Infrastructure bonds, Principle amount of housing loan.

u/s 80D (Deduction in respect of Medical Insurance is available upto Rs. 15,000/-)
u/s 80G (The various donations specified in Sec. 80G are eligible for deduction upto either 100% or 50%).

Do let me know if this information is useful for you.

From India , Chandigarh
May I know what is changes as of this year 2018-19
From India, Hyderabad
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