7.1. General Deductions From Gross Total Income

Question 1

80A

Answer 1

Aggregate amt of deduction u/c VI - A canot exceed gross total income

Question 2

80C

Answer 2

80C- Deduction of specified investment to Ind/huf

80CCC- Contribution in pension fund of LIC by individual

80CCD(1)- Contri. to pension scheme notified by CG

80CCE- Aggregate of 80C+ 80CCC+ 80CCD(1) <= ₹1, 50, 000

80CCD(1B)- additional ded’ for individual on investment in pension scheme i.e. NPS

80CCD(2)- Additional ded’ for individual contribution made by CG or employee pension plan

Question 3

80D

Answer 3

80D- ded’ in respect of medicaid or ind/huf

80D(4A)- mediclaim paid for lumpsum for more than 1yr

80DD- Ded’ for maintenance incl. Medical treatment of dependent being berson with disability

80DDB- Medical treatment

Question 4

80E

Answer 4

80E- loan taken for higher studies

80EE- Int. On loan taken for residential H.P

80EEA- ded’ in respect of interest on loan taken for certain H. P

80EEB- Ded’ respect of purchase of electric vehicle

Question 5

80G

Answer 5

80G- Donation to certain fund, charitable, institution

80GG- Rent paid by self employment

80GGA- Donation to scientific research or rural development

80GGB- Donation by India Co. to political party

80GGC- Donation by any person other co. to political party

Question 6

80Q

Answer 6

80QQB Royalty income of Author

Question 7

80R

Answer 7

80RRB- Royalty for patent

Question 8

80J

Answer 8

80JJA- Ded’ for employment of new employee

Question 9

80T

Answer 9

80TTA- Bank/post office for ind/huf

80TTB- Resi. Senior citizen

Question 10

80U

Answer 10

80U- Ded’ in income of person with disability