| Sl No | Section | Details of deductions | Quantum |
| 1 | 80C | General deduction for investment in PPF,PF,Life Insurance, ULIP, Stamp duty on house, Fixed deposits for 5 years , bonds etc | Maximum Rs 1 ,00,000 is allowed.
Investment need not be from taxable income. |
| 2 | 80CCC | Deduction in case of contribution to pension fund. However, it should be noted that surrender value or employer contribution is considered income. | Maximum is Rs 1,00,000 |
| 3 | 80CCD | Deduction in respect to contribution to new pension scheme. Employees of central and others are eligible. | Maximum is sum of employer’s and employee’s contribution to the maximum : 10 % of salary. |
| 4 | It should be noted that as per section 80CCE , the maximum amount of deduction which can be claimed in aggregate of 80C ,80CCD & 80CCD is Rs 1,00,0000 | ||
| 5 | 80D | Medical insurance on self, spouse , children or parents | Rs 15,000 for self , spouse & children
Extra Rs 15,000 for insurance on parents. IF parents are above 65 years, extra sum should be read as Rs 20,000 Thus maximum is RS 35,000 per annum |
| 6 | 80DD | For maintenance including treatment or 7insurance the lives of physical disable dependent relatives | Rs 50,000 . In case disability is severe , the amount is Rs 75,000. |
| 7 | 80DDB | For medical treatment of self or relatives suffering from specified disease | Acutal amount paid to the extent of Rs 40,000. In case of patient being Sr Citizen , amount is Rs 60,000 |
| 8 | 80E | For interest payment on loan taken for higher studies for self or education of spouse or children | Actual amount paid as interest and start from the financial year in which he /she starts paying interest and runs till the interest is paid in full. |
| 9 | 80G | Donations to charitable institution | 100% or 50% of amount of donation made to 19 entities (National defense fund , Prime minister relief fund etc. ) |
| 10 | 80GG | For rent paid. | This is only for people not getting any House Rent Allowance. Maximum is Rs 2000 per month. Rule 11B is method of computation. |
| 11 | 80GGA | For donation to entities in scientific research or rural development f | Only those tax payers who have no business income can claim this deduction .Maximum is equivalent to 100 % of donation. |
| 12 | 80GGC | For contribution to political parties | 100 % of donations |
| 13 | 80QQB | Allowed only to resident authors for royalty income for books other than text book | Royalty income or Rs 3,00,000 whichever is less. |
| 14 | 80RRB | For income receipt as royalty on patents of resident individuals | Actual royalty or Rs 3,00,000 whichever is less. |
| 15 | 80U | Deduction in respect of permanent physical disability including blindness to taxpayer | RS 50,000 which goes to Rs 75,000 in case taxpayer is suffering from severe disability. |