To solve this confusion to some
extent, We are providing the list of Section 80 Deductions along with the
Mnemonic code to remember them.
Mnemonic Code for Section 80 Deductions:
Section No. Shortcut Code
80D 80D
se dawai
80E 80E
se education
80EE extra
enterest
80G se
Garib gov. Ko donation
80DD dependent
dukhi
80DDB dependent dukhi bimar
80GGC gadhe ghode (donation to politicial party) charao by
foriegn co.
80GGB gadhe ghode (donation to politicial party) banao by
indian
80GG ghar
ghar
80GGA Gaav development with science
80QQB Quality quality Books
80RRB Royalty to resident
Section 80 Deductions Quick Revision Before Exam:
80C [Contribution to PPF, LIC etc]
80CCC [Pension Funds] and 80CCD(1):
Rs.1,50,000 Deduction for the above
two.
80CCG [Investment in Equity Savings]
50% of amount invested
Or
Rs.25,000
Whichever is lower
80DD [Maintenance and Medical
Treatment of Disabled dependent]:
Flat Deduction of Rs.75,000 (In case
of severe disability i.e., 80%, Deduction is Rs.1,25,000]
80D [Medical Insurance Premium]:
Rs.25,000 allowed (Rs.30,000 in case
of senior citizen)
80DDB [Medical treatment for
specified diseases]:
Rs.40,000 for Normal Individuals
Rs.60,000 for Senior Citizens
Rs.80,000 for Super Senior Citizens
80E [Interest on Educational Loan]:
Deduction allowed in Initial
Assessment Year and 7 preceeding years.
80G [Donations]:
50% and 100% in different cases.
80GG [Rent]:
Least of the following is allowed as
deduction-
25% of total income
Rent paid (-) 10% of Adjusted Income
Rs.2,000 per month
80GGB [Contribution to Political
Parties]:
Actual contribution is allowed as
deduction.
80QQB [Royalty Income] and 80RRB[Royalty
on Patents]:
Least of Amount received or
Rs.3,00,000 is allowed as deduction.
80TTA
[Interest from Savings Account]:
Actual interest subject to a maximum
of Rs.10,000
80U [Person with disability]: