income tax deductions for individuals

section	deductions for FY 2020-21 (AY 2021-22) - chapter VI A	applicable assessee	limit for FY 2020-21 (AY 2021-22)
section 80C	investing into very common and popular investment options like LIC, PPF, sukanya samriddhi account, mutual funds, FD etc	individual or HUF	upto ₹ 1,50,000
section 80CCC	investment in pension funds	individuals
section 80CCD (1)	atal pension yojana and national pension scheme contribution	individuals
section 80CCD(2)	national pension scheme contribution by employer	individuals	amount contributed or 14% of basic salary + dearness allowance (in case the employer is CG) 10% of basic salary + dearness allowance (in case of any other employer) (whichever is lower)
section 80D	medical insurance premium and medical expenditure	individual or HUF	upto ₹ 1,00,000 self & spouse 25000 (other than senior citizen) 50000 if senior citizen
section 80E	interest paid on loan taken for higher education	individual	100% of the interest paid upto 8 assessment years
section 80EE	interest paid on housing loan	individual	upto ₹ 50,000 subject to some conditions
section 80EEA	interest paid on housing loan	individual	upto ₹ 1,50,000/- subject to some conditions
section 80EEB	interest paid on electric vehicle loan	individual	upto ₹ 1,50,000/- subject to some conditions
section 80G	donation to charitable institutions	all assessee (individual, HUF, company etc)	100% or 50% of the donated amount or qualifying limit, allowed donation in cash upto ₹ 2000/-
section 80GG	income tax deduction for house rent paid	individual	₹ 60,000/- 25% of total income rent paid - 10% of total income (whichever is lower)
section 80TTA	interest earned on savings accounts	individual or HUF (except senior citizen)	upto ₹ 10,000/-
section 80TTB	interest income earned on deposits (savings/FDs)	individual (60 yrs or above)	upto ₹ 50,000/-

less often applicable deductions

section	deductions for FY 2020-21 (AY 2021-22) - chapter VI A	applicable assessee	limit for FY 2020-21 (AY 2021-22)
section 80DD	medical treatment of a dependent with disability	individual or HUF	normal disability: ₹ 75000 severe disability: ₹ 125000
section 80DDB	specified diseases	individual or HUF	senior citizens: upto ₹ 1,00,000 others: upto ₹ 40,000
section 80GGA	donation to scientific research & rural development	all assessees except those who have an income (or loss) from a business and/or a profession	100% of the amount donated. allowed donation in cash upto ₹ 10,000
section 80GGC	individuals on contribution to political parties	individual or HUF, AOP, BOI firm	100% of the amount contributed, No deduction available for contribution made in cash
section 80RRB	royalty on patents	Individuals (Indian citizen or foreign citizen being resident in India)	₹ 3,00,000 or specified income - whichever is lower
section 80QQB	royalty income of authors	Individuals (Indian citizen or foreign citizen being resident in India)	₹ 3,00,000 or specified income - whichever is lower
section 80U	disabled individuals	Individuals	normal disability: ₹ 75,000 severe disability: ₹ 1,25,000