Ch 6 · Deductions under Chapter VI-A (Sec 80C-80U)

5 concept points · 3 formulas · 4 exam-critical points.

📘 Core concepts

• 1Available only under old tax regime; new regime (115BAC) has restricted deductions.
• 2Sec 80C: ₹1,50,000 — LIC, PPF, ELSS, principal of home loan, tuition fees, etc.
• 3Sec 80D: medical insurance — ₹25K self/spouse, additional ₹50K for senior citizen parents.
• 4Sec 80E: interest on education loan (no upper limit; max 8 years).
• 5Sec 80G: donations — 50%/100% with or without qualifying limit.