What is section 80c income tax tamil deduction under 80c upto rs 45,000 in itr. Background for section 80c of the income tax act india what are eligible investments for section 80c. In this article you may find complete details for how you can avail the benefit of deduction us 80c by investing in the govt schemes. Section 80c replaced the existing section 88 with more or less the same investment mix available in section 88. Section 80c of the income tax act provides provisions for tax deductions on a number of payments, with both individuals and hindu undivided families eligible for these deductions. Find out the deduction under section 80c for ay 201819. Income tax acts section 80c offers provisions for income tax rebate on several payments, with hindu undivided families and individuals eligible for such deductions. Deductions under section 80c to 80 u of income tax act. Income tax deduction income tax standard deduction 2019. List of income tax deductions from section 80c to 80u of income tax act for fy 201920ay 202021. Section 80u of the income tax act, 1961 includes provisions for tax deduction benefit to individual taxpayers suffering from a disability. All about deduction under section 80c and tax planning. The individuals who are eligible to pay taxes can claim income tax deductions up to rs. Deduction under section 80c to 80u, assessment of individual in income tax 201819 duration.
Section 80u deduction limit of rs 50,000 has been raised to rs 75,000 and rs 1,00,000 has. Article explains income tax deduction available to individual and huf under section 80c, section 80ccg, section 80d, section 80dd, section 80ddb, section 80e, section 80ee, section 80g, section 80gg, section 80ggb, section 80rrb, section 80tta, section 80ttb and section 80u of income tax act, 1961. List of tax deductions under section 80 of income tax. Income tax deductions section 80c to 80u for tax saving in.