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INCOME TAX SOFTWARE - RULES

🌈 Income Tax Deductions Guide (FY 2025-2026)

Your colourful, comprehensive overview of key tax saving sections.

🏠 Home Loan Tax Benefit Summary

Deduction	Section	Maximum Limit	Conditions
Principal	80C	₹1.5 Lakh	House property should not be sold within 5 years of possession.
Interest	24B	₹2 Lakh	The loan must be taken for the purchase/construction of a house, and the construction must be completed within 5 years from the end of the financial year in which the loan was taken.
Interest	80EE	₹50,000	The amount of loan taken should be ₹35 Lakh or less, and the value of the house should be ₹50 Lakh or less. The loan should be taken between 1st April 2016 to 31st March 2017.
Stamp Duty	80C	₹1.5 Lakh	It can be claimed once in the year these expenses are incurred.
Interest	80EEA	₹1.5 Lakh	The stamp value of the property should be ₹45 Lakh or less. The taxpayer should not own any other house property. The home loan should be taken between 1st April 2019 to 31st March 2022.

🛡️ Section 80D – Deduction on Medical Insurance Premium

Deductions for health insurance premiums paid for yourself, your family, and your parents.

Policy for?	Deduction for Self & Family	Deduction for Parents	Preventive Health Check-up	Maximum Deduction
Self & Family (Below 60 years)	₹25,000	-	₹5,000	₹25,000
Self & Family + Parents (all of them below 60 years)	₹25,000	₹25,000	₹5,000	₹50,000
Self & Family (Below 60 years) + Parents (Parents above 60 years)	₹25,000	₹50,000	₹5,000	₹75,000
Self & Family + Parents (all of them above 60 years)	₹50,000	₹50,000	₹5,000	₹1,00,000

♿ Section 80DD – Deduction for Dependent with Disability

Disability	Level of Disability	Amount of Deduction
Normal Disability	40% - 79%	₹75,000
Severe Disability	80% or More	₹1,25,000

💊 Section 80DDB – Deduction for Medical Treatment (Specified Diseases)

Age	Amount of Deduction
Below 60 years	Amount paid or ₹40,000, whichever is less
60 and above	Amount paid or ₹1,00,000, whichever is less

пенсион Section 80CCD – Deduction of Income Tax (NPS/APY)

Section	Particular	Maximum Deduction Value (in Rs.)
80 CCD (1)	Employee contributions to National Pension Scheme (NPS) or Atal Pension Yojana up to 10% of salary + dearness allowance	Up to ₹1,50,000
80 CCD (2)	Employer contributions to National Pension Scheme (NPS) or Atal Pension Yojana	Up to 10% of Basic Pay + Dearness
80 CCD (1B)	Self-contributions to National Pension Scheme (NPS) and Atal Pension Yojana (beyond the ₹1.5L limit)	Up to ₹50,000

🏦 Section 80TTA & 80TTB – Deduction on Interest Income

Section	Deduction	Description	Maximum Limit
80TTA	Savings account interest	Interest earned from Savings Accounts	₹10,000
80TTB	Senior citizens interest income	Interest income from Deposits for Senior Citizens	₹50,000

🚶 Section 80U – Deduction for Disabled Individuals

Disability	Level of Disability	Amount of Deduction
Normal Disability	40% - 79%	₹75,000
Severe Disability	80% or more	₹1,25,000

🎓 Section 80E – Deduction for Education Loan Interest

Section	Deduction on	Allowed Limit
80E	Interest on education loan	Interest paid for a period of 8 years (No Limit)

⚡ Section 80EEB – Deduction for Electric Vehicle Loan Interest

Section	Deduction on	Allowed Limit
80EEB	Interest on loan taken for the purchase of an Electric Vehicle	₹1,50,000
	(Applicable for loans sanctioned from 1 January 2019 till 31 March 2023)

📈 Summary of Key Deduction Sections (80D, 80DD, 80U, and 80G)

Section	Deduction on	Percentage	Amount Allowed
80DDB	Medical Treatment Of Specified Diseases	Below 60	₹40,000
80DDB	Medical Treatment Of Specified Diseases	Above 60	₹1,00,000
80DD	Dependent Disabled Person	Below 80%	₹75,000
80DD	Dependent Disabled Person	Above 80%	₹1,25,000
80U	Assessment of Physically Handicapped	Below 80%	₹75,000
80U	Assessment of Physically Handicapped	Above 80%	₹1,25,000
80G	Donation to Charitable Institution	50%	₹5,00,000
80G	Donation to Charitable Institution	100%	₹5,00,000
80G	Donation to Certain Specific Funds	50%	₹5,00,000
80G	Payments Made to Electoral Trusts	100%	₹5,00,000

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Disclaimer: This is a guide for informational purposes only. Consult a tax professional for personalized advice.

Disclaimer This article is published for general informational and educational purposes only. The information provided about income tax software, tax filing tools, and related services does not constitute legal, financial, or professional tax advice. Readers are advised to verify details from the official websites of the respective software providers or consult a qualified tax professional or chartered accountant before making any decisions. The author and publisher are not affiliated with the Income Tax Department of India or any government authority, and do not guarantee the accuracy, completeness, or suitability of the information presented. Use of any software or service mentioned in this article is at the reader’s own discretion and risk.