Disclaimer: The content on this page is only to give an overview and general guidance and is not exhaustive. For complete details and guidelines please refer Income Tax Act, Rules and Notifications.
1. ITR-1 (SAHAJ) – Applicable only for Individual
This return is applicable for a Resident (other than Not Ordinarily Resident) Individual having Total Income from any of the following sources up to ₹ 50 lakh
- Salary / Pension
- One House Property
- Other sources (Interest, Family Pension, Dividend etc.)
- Agricultural Income up to ₹ 5,000
- Capital Gain income u/s 112 A up to Rs. 125000
Note: ITR-1 cannot be used by a person who:
- is a Director in a company
- has short term capital gain
- has Long-term capital gain u/s 112A exceeding Rs.1.25 lakhs
- has held any unlisted equity shares at any time during the previous year
- has any asset (including financial interest in any entity) located outside India
- has signing authority in any account located outside India
- has income from any source outside India
- is a person in whose case tax has been deducted u/s 194N
- is a person in whose case payment or deduction of tax has been deferred on ESOP
- has any brought forward loss or loss to be carried forward under any head of income
- has total income exceeding Rs. 50 lakhs.
2. ITR-2 – Applicable for Individual (Not eligible for ITR 1) and HUF
This return is applicable for Individual and Hindu Undivided Family (HUF)
- Having Income under any head other than Profits and Gains of Business or Profession.
- Who is not eligible for filing ITR-1
3. ITR-3- Applicable for Individual and HUF
This return is applicable for Individual and Hindu Undivided Family (HUF)
- Having Income under the head Profits and Gains of Business or Profession
- Who is not eligible for filing ITR-1, ITR-2 or ITR-4
4. ITR-4 (SUGAM) – Applicable for Individual, HUF and Firm (other than LLP)
This return is applicable for an Individual or Hindu Undivided Family (HUF), who is Resident other than Not Ordinarily Resident or a Firm (other than LLP) which is a Resident having Total Income under Business or Profession which is computed on a presumptive basis (u/s 44AD / 44ADA / 44AE) and income from any of the following sources:
- Salary / Pension
- One House Property
- Other sources (Interest, Family Pension, Dividend etc.)
- Agricultural Income up to ₹ 5,000
Note 1: ITR-4 cannot be used by a person who:
- (a) is a Director in a company
- (b) has short term capital gains
- (c) has Long-term capital gain u/s 112A exceeding Rs.1.25 lakhs
- (d) has held any unlisted equity shares at any time during the previous year
- (e) has any asset (including financial interest in any entity) located outside India
- (f) has signing authority in any account located outside India
- (g) has income from any source outside India
- (h) is a person in whose case payment or deduction of tax has been deferred on ESOP
- (i) who has any brought forward loss or loss to be carried forward under any head of income
- (j) has total income exceeding Rs. 50 lakhs
Note:2 ITR-4 (Sugam) is not mandatory. It is a simplified return form to be used by an Assessee, at his option, if he is eligible to declare Profits and Gains from Business or Profession on presumptive basis u/s 44AD, 44ADA or 44AE.
Forms Applicable
1. Form 12BB – Particulars of claims by an employee for deduction of tax (u/s 192)
Provided by : An Employee to his Employer(s)
Details provided in the form : Evidence or particulars of HRA, LTC, Deduction of Interest on home loan, Tax Saving Claims / Deductions on eligible payments or investments for the purpose of calculating Tax to be Deducted at Source (TDS)
2. Form 16 – Certificate of Tax Deducted at Source on Salary (U/s 203 of the Income Tax Act, 1961)
Provided by : An Employer(s) to his Employee at the end of the financial year
Details provided in the form : Income of employee, Deductions / Exemptions and Tax Deducted at Source for the purpose of Computing Tax Payable / Refundable
3. Form 16A – Certificate u/s 203 of the Income Tax Act, 1961 for TDS on Income other than Salary
Provided by : Deductor to Deductee
Details provided in the form : Form 16A is a Tax Deducted at Source (TDS) Certificate issued quarterly that captures the amount of TDS, Nature of Payments and the TDS Payments deposited with the Income Tax Department
4. Form 67- Statement of Income from a country or specified territory outside India and Foreign Tax Credit
Submitted by : Taxpayer on or before the due date specified for furnishing the ITRs u/s 139(1)
Details provided in the form : Income from a country or specified territory outside India and Foreign Tax Credit claimed
5. Form 26 AS & AIS (Annual information Statement)
Form 26 AS :
Provided by: Income Tax Department (It is available on e-Filing Portal: Login > e-File > Income Tax Return > View Form 26AS)
Details provided in the form: Tax Deducted / Collected at Source.
AIS (Annual information Statement) :
Provided by: Income Tax Department (It can be accessed after logging on to Income Tax e-Filing portal) – Go to e-filing portal > login > AIS
Details provided in the form: Tax Deducted / Collected at Source | SFT Information | Payment of taxes | Demand / Refund
Other information (like Pending/Completed proceedings, GST Information, Information received from foreign government etc)
6. Form 15G – Declaration by resident taxpayer (not being a Company or Firm) claiming certain receipts without deduction of tax
Submitted by : A Resident Individual less than 60 years or HUF or any other Person (other than Company / Firm) to Bank for not deducting TDS on Interest Income, if the income is below basic exemption limit
Details provided in the form : Estimated Income for the FY
7. Form 15H – Declaration to be made by a resident individual (who is 60 years age or more) claiming certain receipts without deduction of tax
Submitted by : A Resident Individual, 60 years or more to Bank for not deducting TDS on Interest Income
Details provided in the form : Estimated Income for the FY
8. Form 10E – Form for furnishing particulars of Income for claiming relief u/s 89(1) when Salary is paid in arrears or advance
Provided by : An Employee to the Income Tax Department
Details provided in the form : Arrears / Advance Salary | Gratuity | Compensation on Termination | Commutation of Pension
Tax Slabs for AY 2025-26***
The Finance Act 2024 has amended the provisions of Section 115BAC w.e.f AY 2024-25 to make new tax regime the default tax regime for the assessee being an Individual, HUF, AOP (not being co-operative societies), BOI and or Artificial Juridical Person. However, the eligible taxpayers have the option to opt out of default tax regime and choose to be taxed under old tax regime. The old tax regime refers to the system of income tax calculation and slabs that existed before the introduction of the new tax regime. In the old tax regime, taxpayers have the option to claim various tax deductions and exemptions. However, in default tax regime, tax rates are lower compared to old tax regime.
In “non-business cases”, option to change the default tax regime can be exercised every year directly in the ITR and such ITR is required to be filed on or before the due date specified under section 139(1).
In case of eligible taxpayers having income from business and profession, if assessee wants to opt out of default tax regime, they have to furnish Form-10-IEA on or before the due date u/s 139(1) for furnishing the return of income. Also, for the purpose of withdrawal of such option i.e. re-entering into new tax regime shall also be done by way of furnishing Form No.10-IEA on or before the due date specified u/s 139(4) for furnishing return of income. However, option to withdraw old tax regime and re-entering into default tax regime is available only in subsequent AY and is available only once in lifetime for eligible taxpayers having income from business and profession.
Tax rates for Individual (resident or non-resident) less than 60 years of age anytime during the previous year are as under:
| Old Tax Regime | New Tax Regime u/s 115BAC | ||||
| Income Tax Slab | Income Tax Rate | *Surcharge | Income Tax Slab | Income Tax Rate | *Surcharge |
| Up to ₹ 2,50,000 | Nil | Nil | Up to ₹ 3,00,000 | Nil | Nil |
| ₹ 2,50,001 – ₹ 5,00,000** | 5% above ₹ 2,50,000 | Nil | ₹ 3,00,001 – ₹ 7,00,000** | 5% above ₹ 3,00,000 | Nil |
| ₹ 5,00,001 – ₹ 10,00,000 | ₹ 12,500 + 20% above ₹ 5,00,000 | Nil | ₹ 7,00,001 – ₹ 10,00,000 | ₹ 20,000 + 10% above ₹ 7,00,000 | Nil |
| ₹ 10,00,001- ₹ 50,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | Nil | ₹ 10,00,001 – ₹ 12,00,000 | ₹ 50,000 + 15% above ₹ 10,00,000 | Nil |
| ₹ 50,00,001- ₹ 100,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | 10% | ₹ 12,00,001 – ₹ 15,00,000 | ₹ 80,000 + 20% above ₹ 12,00,000 | Nil |
| ₹ 100,00,001- ₹ 200,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | 15% | ₹ 15,00,001- ₹ 50,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | Nil |
| ₹ 200,00,001- ₹ 500,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | 25% | ₹ 50,00,001- ₹ 100,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 10% |
| Above ₹ 500,00,000 | ₹ 1,12,500 + 30% above ₹ 10,00,000 | 37% | ₹ 100,00,001- ₹ 200,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 15% |
| Above ₹ ₹ 200,00,001 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 25% | |||
Tax rates for Individual (resident or non-resident), 60 years or more but less than 80 years of age anytime during the previous year are as under:
| Old Tax Regime | Default Tax Regime u/s 115BAC(1A) | ||||
| Income Tax Slab | Income Tax Rate | *Surcharge | Income Tax Slab | Income Tax Rate | *Surcharge |
| Up to ₹ 3,00,000 | Nil | Nil | Up to ₹ 3,00,000 | Nil | Nil |
| ₹ 3,00,001 – ₹ 5,00,000** | 5% above ₹ 3,00,000 | Nil | ₹ 3,00,001 – ₹ 7,00,000** | 5% above ₹ 3,00,000 | Nil |
| ₹ 5,00,001 – ₹ 10,00,000 | ₹ 10,000 + 20% above ₹ 5,00,000 | Nil | ₹ 7,00,001 – ₹ 10,00,000 | ₹ 20,000 + 10% above ₹ 7,00,000 | Nil |
| ₹ 10,00,001- ₹ 50,00,000 | ₹ 1,10,000 + 30% above ₹ 10,00,000 | Nil | ₹ 10,00,001 – ₹ 12,00,000 | ₹ 50,000 + 15% above ₹ 10,00,000 | Nil |
| ₹ 50,00,001- ₹ 100,00,000 | ₹ 1,10,000 + 30% above ₹ 10,00,000 | 10% | ₹ 12,00,001 – ₹ 15,00,000 | ₹ 80,000 + 20% above ₹ 12,00,000 | Nil |
| ₹ 100,00,001- ₹ 200,00,000 | ₹ 1,10,000 + 30% above ₹ 10,00,000 | 15% | ₹ 15,00,001- ₹ 50,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | Nil |
| ₹ 200,00,001- ₹ 500,00,000 | ₹ 1,10,000 + 30% above ₹ 10,00,000 | 25% | ₹ 50,00,001- ₹ 100,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 10% |
| Above ₹ 500,00,000 | ₹ 1,10,000 + 30% above ₹ 10,00,000 | 37% | ₹ 100,00,001- ₹ 200,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 15% |
| Above ₹ ₹ 200,00,001 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 25% | |||
Tax rates for Individual (resident or non-resident) 80 years of age or more anytime during the previous year are as under:
| Old Tax Regime | New Tax Regime u/s 115BAC(1A) | ||||
| Income Tax Slab | Income Tax Rate | *Surcharge | Income Tax Slab | Income Tax Rate | *Surcharge |
| Up to ₹ 5,00,000 | Nil | Nil | Up to ₹ 3,00,000 | Nil | Nil |
| ₹ 5,00,001 – ₹ 10,00,000 | 20% above ₹ 5,00,000 | Nil | ₹ 3,00,001 – ₹ 7,00,000** | 5% above ₹ 3,00,000 | Nil |
| ₹ 10,00,001- ₹ 50,00,000 | ₹ 1,00,000 + 30% above ₹ 10,00,000 | Nil | ₹ 7,00,001 – ₹ 10,00,000 | ₹ 20,000 + 10% above ₹ 7,00,000 | Nil |
| ₹ 50,00,001- ₹ 100,00,000 | ₹ 1,00,000 + 30% above ₹ 10,00,000 | 10% | ₹ 10,00,001 – ₹ 12,00,000 | ₹ 50,000 + 15% above ₹ 10,00,000 | Nil |
| ₹ 100,00,001- ₹ 200,00,000 | ₹ 1,00,000 + 30% above ₹ 10,00,000 | 15% | ₹ 12,00,001 – ₹ 15,00,000 | ₹ 80,000 + 20% above ₹ 12,00,000 | Nil |
| ₹ 200,00,001- ₹ 500,00,000 | ₹ 1,00,000 + 30% above ₹ 10,00,000 | 25% | ₹ 15,00,001- ₹ 50,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | Nil |
| Above ₹ 500,00,000 | ₹ 1,00,000 + 30% above ₹ 10,00,000 | 37% | ₹ 50,00,001- ₹ 100,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 10% |
| ₹ 100,00,001- ₹ 200,00,000 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 15% | |||
| Above ₹ ₹ 200,00,001 | ₹ 1,40,000 + 30% above ₹ 15,00,000 | 25% | |||
*Note: The enhanced surcharge of 25% & 37%, as the case may be, is not levied, from income chargeable to tax under sections 111A, 112, 112A and Dividend Income. Hence, the maximum rate of surcharge on tax payable on such incomes shall be 15%, except when the income is taxable under section 115A, 115AB, 115AC, 115ACA and 115E.
**Rebate u/s 87A: Resident Individuals are also eligible for a Rebate of up to 100% of income tax subject to a maximum limit depending on tax regimes as under:
| Total Income | Old Tax Regime | New Tax Regime |
| Rebate under Section 87A Applicable | ||
| Up to Rs. 5 Lakh | Tax rebate up to Rs.12,500 is applicable for resident individuals if the total income does not exceed Rs 5,00,000 (not applicable for NRIs) | Tax rebate up to Rs.20,000 is applicable for resident individuals if the total income does not exceed Rs 7,00,000 (not applicable for NRIs) |
| From 5 Lakhs to 7 Lakhs | NIL | |
***Note : Health & Education cess @ 4% to be paid on the amount of income tax plus Surcharge (if any) in both the regimes.
Marginal relief can be claimed from surcharge if the amount of income earned exceeding ₹ 50 lakhs, ₹ 1 crore, ₹ 2 crore or ₹ 5 crores respectively under old tax regime and the amount of income earned exceeding ₹ 50 lakhs, ₹ 1 crore, ₹ 2 crore respectively under new tax regime as under:
| Net Income Range | Marginal Relief | |
| Exceeds (Rs.) | Does not exceed (Rs.) | |
| 50 Lakh | 1 Crore | Amount payable as income tax and surcharge shall not exceed the total amount payable as income tax on total income of Rs 50 Lakh by more than the amount of income that exceeds Rs 50 Lakhs |
| 1 Crore | 2 Crore | Amount payable as income tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 1 crore by more than the amount of income that exceeds Rs. 1 crore |
| 2 Crore | 5 Crore | Amount payable as income tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 2 crore by more than the amount of income that exceeds Rs. 2 crore |
| 5 Crore | – | Amount payable as income tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 5 crore by more than the amount of income that exceeds Rs. 5 crore. |
Investments / Payments / Incomes on which I can get tax benefit
Following deductions will be available to a taxpayer opting for the New Tax Regime u/s 115BAC:
Section 24(b) – Deduction from Income from House Property on interest paid on housing loan:
- Nature of Property : Let Out
- Purpose of loan : Construction or purchase of house property
- Allowable (Maximum limit) : Actual value without any limit
- Details Required to fill in ITR :
- Loan taken from bank / Other than bank
- Name of the bank / institution / person from whom the loan is taken
- Loan Account Number of the bank / institution .
- Date of sanction of loan
- Total Amount of loan
- Loan outstanding as on last date of financial year
- Interest on borrowed capital u/s 24(b)
Tax deductions specified under Chapter VIA of the Income Tax Act
Section 80CCD(2)
Deduction towards contribution made by an employer to the Pension Scheme of Central Government
For all categories of employers : Deduction limit of 14% of salary
Section 80CCH : Deduction in respect of contribution to Agnipath Scheme
Where an assessee, being an individual enrolled in the Agnipath Scheme and subscribing to the Agniveer Corpus Fund on or after the 1st day of November, 2022, has in the previous year paid or deposited any amount in his account in the said fund
- Allowed a deduction in the computation of total income, of the whole of the amount so paid or deposited
Where the Central Government makes any contribution to the account of an assessee in the Agniveer Corpus Fund
- Allowed a deduction in the computation of total income of the whole of the amount so contributed
Tax deductions in the Old Tax Regime
Section 24(b) – Deduction from Income from House Property on interest paid on housing loan & housing improvement loan. In case of self- occupied property, the upper limit for deduction of interest paid on housing loan is ₹ 2 lakh. Interest on loan u/s 24(b) allowable is tabulated below:
| Nature of Property | When loan was taken | Purpose of loan | Allowable (Maximum limit) | Details Required |
| Self-Occupied | On or after 1/04/1999 | Construction or purchase of house property | ₹ 2,00,000 | •Loan taken from bank / Other than bank •Name of the bank / institution / person from whom the loan is taken •Loan Account Number of the bank / institution . •Date of sanction of loan •Total Amount of loan •Loan outstanding as on last date of financial year •Interest on borrowed capital u/s 24(b) |
| On or after 1/04/1999 | For Repairs of house property | ₹ 30,000 | ||
| Before 1/04/1999 | Construction or purchase of house property | ₹ 30,000 | ||
| Before 1/04/1999 | For Repairs of house property | ₹ 30,000 | ||
| Let Out | Any time | Construction or purchase of house property | Actual value without any limit. Maximum loss allowed to set off during the AY is Rs.2,00,000 against other heads of income and balance can be carry forward to future years upto 8 Assessment years. |
Tax deductions specified under Chapter VIA of the Income Tax Act
Section 80C, 80CCC, 80CCD (1) :Deduction towards payments made to
80C –
- Life Insurance Premium
- Provident Fund
- Subscription to certain equity shares
- Tuition Fees
- National Savings Certificate
- Housing Loan Principal
- Other various items
80CCC : Annuity plan of LIC or other insurer towards Pension Scheme
80CCD(1) : Pension Scheme of Central Government
Combined deduction (80C, 80CCC, 80CCD(1) limit of ₹ 1,50,000
Details to be filled in ITR for each eligible payment:
- Policy number or document identification number
- Amount eligible for deduction u/s 80C
Section 80CCD(1B) : Deduction towards payments made to Pension Scheme of Central Government, excluding deduction claimed under 80CCD (1)
- Deduction limit of ₹ 50,000
Please Note;
- Taxpayers claiming deduction u/s 80 C, must provide the details as below:
- Amount eligible for deduction u/s 80C
- Policy number or document identification number
- Taxpayers claiming deduction u/s 80 CCD (1),80 CCD (1B) must provide the details as below:
- Amount of contribution
- PRAN of taxpayer.
Section 80CCD(2) : Deduction towards contribution made by an employer to the Pension Scheme of Central Government
- If the Employer is a PSU or Others : Deduction limit of 10% of salary
- If the Employer is Central or State Government : Deduction limit of 14% of salary
Section 80CCH : Deduction in respect of contribution to Agnipath Scheme
Where an assessee, being an individual enrolled in the Agnipath Scheme and subscribing to the Agniveer Corpus Fund on or after the 1st day of November, 2022, has in the previous year paid or deposited any amount in his account in the said fund
- Allowed a deduction in the computation of total income, of the whole of the amount so paid or deposited
Where the Central Government makes any contribution to the account of an assessee in the Agniveer Corpus Fund
- Allowed a deduction in the computation of total income of the whole of the amount so contributed
Section 80D : Deduction towards payments made to Health Insurance Premium & Preventive Health check up
For Self / Spouse or Dependent Children
- ₹ 25,000 (₹ 50,000 if any person is a Senior Citizen)
- ₹ 5,000 for preventive health check up, included in above limit
For Parents
- ₹ 25,000 (₹50,000 if any person is a Senior Citizen)
- ₹ 5,000 for preventive health check up, included in above limit
Deduction towards Medical Expenditure incurred on a Senior Citizen, if no premium is paid on health insurance coverage
- For Self/ Spouse or Dependent Children : Deduction limit of ₹ 50,000
- For Parents : Deduction limit of ₹ 50,000
Note: Taxpayers claiming deduction u/s 80 D, must provide the details as below:
- Name of the Insurer (Insurance Company)
- Policy Number
- Health Insurance amount
Section 80DD : Deduction towards payments made towards maintenance or medical treatment of a Disabled Dependent or Paid / Deposited any amount under relevant approved scheme
Flat deduction of
₹ 75,000
available for a person with Disability, irrespective of expense incurred.
The deduction is
₹ 1,25,000
if the person has Severe Disability (80% or more).=
Please note: For claiming deduction u/s 80DD, below details need to be provided in ITR:
- Nature Of Disability
- Type of Disability
- Amount of Deduction
- Type of dependent
- PAN of the Dependent
- Aadhaar of the Dependent
- Acknowledgement no. of form 10 IA filed incase of autism, cerebral palsy, or multiple disabilities.
- UDID number (if available)
Section 80DDB : Deduction towards payments made towards Medical treatment of Self or Dependant for specified diseases
Deduction limit of
₹ 40,000
(₹ 1,00,000 if Senior Citizen)
Section 80E : Deduction towards interest payments made on loan for higher education of Self or relative
- Total amount paid towards interest on loan taken
Note:
For claiming deduction under section 80E, below details need to be provided in ITR :
- Loan taken from bank / institution
- Name of the institution / bank from which the loan is taken
- Loan Account Number of the bank / institution
- Date of sanction of loan
- Total Amount of loan
- Loan outstanding as on last date of financial year
- Interest u/s 80E
Please note that the deduction u/s 80E can be claimed only if the limit in section 24(b) is exhausted.
Section 80EE : Deduction towards interest payments made on loan taken for acquisition of residential house property where the loan is sanctioned between 1st April 2016 to 31st March 2017
Deduction limit of
₹ 50,000
on the interest paid on loan taken
Note:
For claiming deduction under section 80E, below details need to be provided in ITR :
- Loan taken from bank / institution
- Name of the institution / bank from which the loan is taken
- Loan Account Number of the bank / institution
- Date of sanction of loan
- Total Amount of loan
- Loan outstanding as on last date of financial year
- Interest u/s 80E
Section 80EEA : Deduction available only to individuals towards interest payments made on loan taken for acquisition of residential house property for the first time where the loan is sanctioned between 1st April 2019 to 31st March 2022 & deduction should not have been claimed u/s 80EE
Deduction limit of
₹ 1,50,000
on the interest paid on loan taken
Note: For claiming deduction under section 80E, below details need to be provided in ITR :
- Loan taken from bank / institution
- Name of the institution / bank from which the loan is taken
- Loan Account Number of the bank / institution
- Date of sanction of loan
- Total Amount of loan
- Loan outstanding as on last date of financial year
- Interest u/s 80E
Please note that the deduction u/s 80EEA can be claimed only if the limit in section 24(b) is exhausted. Also, either 80EE or 80EEA can be claimed by taxpayer based on loan sanction date and other eligible conditions.
Section 80EEB : Deduction towards interest payments made on loan for purchase of Electric Vehicle where the loan is sanctioned between 1st April 2019 to 31st March 2023
Deduction limit of
₹ 1,50,000
on the interest paid on loan taken
Note: For claiming deduction under section 80E, below details need to be provided in ITR :
- Loan taken from bank / institution
- Name of the institution / bank from which the loan is taken
- Loan Account Number of the bank / institution
- Date of sanction of loan
- Total Amount of loan
- Loan outstanding as on last date of financial year
- Interest u/s 80E
Section 80G : Deduction towards Donations made to prescribed Funds, Charitable Institutions, etc
Donation are eligible for deduction under the below categories
- Without any limit:
- 100% deduction
- 50% deduction
- Subject to qualifying limit
- 100% deduction
- 50% deduction
Note: No deduction shall be allowed under this section in respect of donation made in cash exceeding ₹ 2000/-
Section 80GG : Deduction towards rent paid for house & applicable to only those who are self-employed or for whom HRA is not part of Salary
Least of the following shall be allowed as deduction
- Rent paid reduced by 10% of Total Income before this deduction
- ₹ 5,000 per month
- 25% of Total Income (excluding long term capital gains, short term capital gains under section 111A or income under section 115A or 115D)
Note: For claiming deduction u/s 80GG, it is mandatory to file mandatorily Form 10BA and enter the acknowledgement number of Form 10BA in Schedule 80GG while filing the return of Income.
Section 80GGA : Deduction towards Donations made for Scientific Research or Rural Development
Donation are eligible for deduction under the below categories:
Research Association or University, College or other Institution for
- Scientific Research
- Social Science or Statistical Research
Association or Institution for
- Rural Development
- Conservation of Natural Resources or for Afforestation
PSU or Local Authority or an association or institution approved by the National Committee for carrying out any eligible project
Funds notified by Central Government for
- Afforestation
- Rural Development
National Urban Poverty Eradication Fund as setup and notified by Central Government
Note: No deduction shall be allowed under this Section in respect of donation made in cash exceeding ₹ 2000/- or if Gross Total Income includes income from Profit / Gains of Business / Profession
Section 80GGC : Deduction towards contribution made to Political Party or Electoral Trust
- Deduction towards contribution made to Political Party or Electoral Trust.
- No deduction will be allowed if any contribution is made in cash.
Section 80TTA : Deduction on interest received on saving bank accounts by Non-Senior Citizens
- Deduction limit of ₹ 10,000/-
Section 80TTB : Deduction on interest received on deposits by Resident Senior Citizens
- Deduction limit of ₹ 50,000/-
Section 80U : Deductions for a resident individual taxpayer with Disability
- Flat ₹ 75,000 deduction for a person with Disability, irrespective of expense incurred
- Flat ₹ 1,25,000 deduction for a person with Severe Disability (80% or more), irrespective of expense incurred
Note:
For claiming deduction u/s 80U, below details need to be provided:
- Nature Of Disability
- Type of Disability
- Amount of Deduction
- Acknowledgement no. of Form 10IA filed in case of autism, cerebral palsy, or multiple disabilities.
- UDID number (if available)
Last Reviewed or Updated: 01-Aug-2025
Source: Income tax Portal
Share this content: