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Income Tax Eligible Deductions Limit of Deduction
Section Assessee

80GG Individuals not Rent paid by individual in excess of 10% of total Rs. 5,000 per month
receiving House income for furnished/unfurnished residential or 25% of total
Rent Allowance accommodation. adjusted gross total
income or Rent Paid –
10% of adjusted gross
total income, whichever
is less

80GGA Any assessee Donations for scientific, social or statistical research Entire amount of
not carrying or rural development programme or for carrying contribution shall be
on business/ out an eligible project or scheme or National Urban allowed as deduction
profession Poverty Eradication Fund, etc (However if paid in
cash only Rs. 2,000
shall be allowed)

80GGC Any assessee Any amount of contribution made to a political party Entire amount of
other than local or an electoral trust shall be allowed as deduction. contribution shall be
authority and allowed as deduction
artificial judicial (However if paid in
person cash no deduction
shall be allowed)

80TTA Individual / Interest on deposits in savings account with banks, Amount of interest or
HUF (other than post office, co-op. societies. Rs.10,000, whichever
senior citizen) is lower
80TTB Individual/ HUF Interest on deposits in savings account with banks, Amount of Interest
(Senior citizen co-operative society, post office. or Rs.50,000 whichever
i.e. > 60 years ) is lower.

80U Resident Income of a person suffering from a disability as
Individual specified in the Act

- Normal Disability Rs. 75,000
- Severe Disability Rs. 1,25,000

(No deduction can be claimed u/s. 80U if deduction
is already claimed u/s. 80DD)

24(b) Individual • Housing Loan Interest for self-occupied property Maximum Rs. 2,00,000
for acquisition or construction
• Housing Loan Interest for self-occupied property Maximum Rs. 30,000
for repairs/renewal/reconstruction

In case Let out house property or deemed to be let Entire amount of
out house property interest paid

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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