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Section
Deduction on
FY 2016-16
Section 80C
  • Investment in PPF
  • Employee's share of PF contribution
  • NSCs
  • Life Insurance Premium payment
  • Children's Tuition Fee
  • Principal Repayment of home loan
  • Investment in Sukanya Samridhi Account
  • ULIPS
  • ELSS
  • Sum paid to purchase deferred annuity
  • Five-year deposit scheme
  • Senior Citizens savings scheme
  • Subscription to notified securities/notified deposits scheme
  • Contribution to notified Pension Fund set up by Mutual Fund or UTI.
  • Subscription to Home Loan Account Scheme of the National Housing Bank
  • Subscription to deposit scheme of a public sector or company engaged in providing housing finance
  • Contribution to notified annuity Plan of LIC
  • Subscription to equity shares/ debentures of an approved eligible issue
  • Subscription to notified bonds of NABARD
Rs. 1,50,000
80CCD(2)
Employer's contribution to NPS account
Maximum up to 10% of salary
80CCD(1B)
Additional contribution to NPS
Rs. 50,000
80TTA(1)
Interest Income from Savings account
Maximum up to 10,000
80GG
For rent paid when HRA is not received from employer
Least of rent paid minus 10% of total income, Rs. 2000/- per month , 25% of total income
80E
Interest on education loan
Interest paid for a period of 8 years
80CCG
Rajiv Gandhi Equity Scheme for investments in Equities
Lower of - 50% of amount invested in equity shares or Rs 25,000
80D
Medical Insurance - Self, spouse, children
Medical Insurance - Parents more than 60 years old or (from FY 2015-16) uninsured parents more than 80 years old
Rs. 25,000

Rs. 30,000







80DD


Medical treatment for handicapped dependent or payment to specified scheme for maintenance of handicapped dependent
  • Disability is 40% or more but less than 80%
  • Disability is 80% or more

  • Rs. 75,000

  • Rs. 1,25,000
80DDB
Medical Expenditure on Self or Dependent Relative for diseases specified in Rule 11DD
  • For less than 60 years old
  • For more than 60 years old
  • For more than 80 years old
  • Lower of Rs 40,000 or the amount actually paid
  • Lower of Rs 60,000 or the amount actually paid
  • Lower of Rs 80,000 or the amount actually paid
80U
Self suffering from disability:
  • An individual suffering from a physical disability (including blindness) or mental retardation.
  • Individual suffering from severe disability

  • Rs. 75,000
  • Rs. 1,25,000
80GGB
Contribution by companies to political parties
Amount contributed (not allowed in cash)
80GGC
Contribution by individuals to political parties
Amount contributed (not allowed in cash)