Income Tax Deductions Under Chapter VI A of The Income Tax Act

Following are the Income Tax Deductions Under Chapter VI A of The Income Tax Act :-

U/s 80C – Contribution towards PPF,Voluntary PF, Life Insurance premiums, Tuition fee, Sukanya Samriddhi Scheme, Home loan Principal Repayment, ELSS, NSC,Tax saving FDs,Infrastructure Bonds etc.

For further details on Sec 80 C refer Tax Deduction U/s 80 C – What are Eligible Investments ?

U/s 80CCC – Pension Funds

U/s 80CCD – New Pension Scheme

U/s 80CCG -Rajiv Gandhi Equity Saving Scheme

U/s 80E – Interest on Education loan for higher studies

U/s 80EE- Home loan Interest for First time home buyers

U/s 80D – Medical Insurance

U/s 80DD – Medical Expenditure for Handicapped relative

U/s 80U – Person suffering from physical disability

U/s 80G – Donation for Social causes

U/s 80GG-Deduction on House Rent where HRA not recd.

U/s 80TTA- Interest received in Saving Bank Account

Tax Deduction under Section 80C: 15 Best Tax Saving Investments! »

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Harleen Kaur: A Chartered Accountant with 14+ years of experience in the Corporate world. A Finance & technology (a fintech) enthusiast, a passionate financial blogger, Founder @ Fintrakk.com and a Finance FAQ Portal. In short, a CA, a Bachelor of Commerce whose very foundation has been learning about finance. I am actively contributing towards the financial literacy goal through my business ventures and spreading awareness in the dynamic field of finance, investment, stock market, money savings, career and a lot more. Reading, learning & sharing interesting information, this is what I enjoy!! I have researched and written hundreds of blogs on Indian financial topics! Now, expanding my blogging horizon towards Personal Finance in Canada, and USA as well.

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