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Income Tax Eligible
Section Assessee Deductions Limit of Deduction

80EE Individual Any amount of interest paid or payable on loan taken Maximum Rs. 50,000
from any financial institution for acquiring residential Amount of deduction
property subject to the following conditions: - taken under this head
The loan has been sanctioned between 1/04/2016 to shall not be allowed in
31/3/2017 any other provision and
The assessee does not own any residential property in any other year.
on the date of sanction of the loan.
The amount of loan sanctioned does not exceed
Rs. 35,00,000 and the value of property does not
exceed Rs. 50,00,000.

80EEA Individual Any amount of interest paid or payable on loan Maximum
taken from any financial institution for acquiring Rs. 1,50,000. The
residential property subject to the following amount of deduction
conditions: - taken under this head
(i) The loan has been sanctioned between shall not be allowed in
01-04-2019 to 31-03-2022 any other provision and
(ii) The assessee does not own any residential in any other year.
property on the date of sanction of the loan.
(iii) The amount of stamp duty of residential house
property does not exceed Rs. 45,00,000
(iv) An individual not eligible to claim deduction
under section 80EE.

80EEB Individual Any amount of Interest paid or payable on Loan Maximum
taken by individuals from any financial institution for Rs. 1,50,000. The
purchase of electric vehicles between 1 April 2019 amount of deduction
and 31 March 2023. taken under this head
shall not be allowed in
any other provision and
in any other year.

80G Any Assessee Donations made to funds like Prime Minister’s Relief 50% or 100% of net
Fund, National Children Foundation, any University qualifying amount
or educational institution of ‘national eminence’, etc. depending on
i.e. for charitable purposes specified in section 80G institutions or funds
and subject to some
conditions and
approval.
However, if paid to any
fund or institute in cash
only Rs. 2,000 shall be
allowed.

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*Based on Retail Loan book size (excluding mortgages). Source: Annual Reports FY 20-21 and No.1 on market capitalisation based on BSE data as on 31st Dec, 2021