Core concepts
- 01Available only under old tax regime; new regime (115BAC) has restricted deductions.
- 02Sec 80C: ₹1,50,000 — LIC, PPF, ELSS, principal of home loan, tuition fees, etc.
- 03Sec 80D: medical insurance — ₹25K self/spouse, additional ₹50K for senior citizen parents.
- 04Sec 80E: interest on education loan (no upper limit; max 8 years).
- 05Sec 80G: donations — 50%/100% with or without qualifying limit.
Flowchart summary
Chapter VI-A Major Sections | 80C / 80CCC / 80CCD(1) -- aggregate ₹1.5 lakh 80CCD(1B) -- additional ₹50K NPS 80CCD(2) -- employer NPS (10%/14% salary) 80D -- health insurance 80E / 80EE / 80EEA -- loan interest 80G / 80GG / 80GGC -- donations / rent / political 80TTA / 80TTB -- savings interest
Exam-critical pointers
- ⭐Sec 80C: principal of home loan only on residential house (not commercial).
- ⭐Sec 80G 100% without limit: PM National Relief Fund, National Defence Fund, PM CARES.
- ⭐Sec 80GG (rent for those without HRA): least of (a) ₹5,000/month, (b) 25% of adj. GTI, (c) Rent − 10% of adj. GTI.
- ⭐New regime allows only 80CCD(2) employer NPS + standard deduction + Agniveer Corpus.
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