Returns and Forms Applicable to Individual having Income from Business / Profession for AY 2025-26 

Returns and Forms Applicable to Individual having Income from Business / Profession for AY 2025-26 

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 to the Income Tax Act, Rules and Notifications.

 

1. ITR-3 - Applicable for Individual & HUF
This return is applicable for Individual & Hindu Undivided Family (HUF); Having Income under the heads Salary/Pension, House Property, Profits or Gains of Business or Profession, Capital Gains or Income from Other sources. Who is not eligible for filing ITR-1, ITR-2 or ITR-4

 

2. ITR-4 (SUGAM) – Applicable for Individual, HUF & 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 Resident Firm (other than LLP) having total Income up to ₹ 50 lakh and having income from 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	Capital Gain Income u/s 112A upto ₹ 125000
Note:1    ITR-4 cannot be used by a person who: is a Director in a Company, or has short term Capital gains 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, or has signing authority in any account located outside India, or  has income from any source outside India, is a person in whose case payment or deduction of tax has been deferred on ESOP who has any brought forward loss or loss to be carried forward under any head of income; or has total income exceeding Rs. 50 lakhs.  Note:2   Form ITR-4 (SUGAM) is not mandatory. It is a simplified return form to be used by an assessee, at his / her option, if he / she is eligible to declare Profits and Gains from Business or Profession on presumptive basis under Section 44AD, 44ADA or 44AE.

 

Forms Applicable

1. Form 16A – Certificate u/s 203 of the Income Tax Act, 1961 for TDS on Income other than Salary
Provided by Details provided in the form Deductor to Deductee Form 16A is a Tax Deducted at Source (TDS) Certificate issued quarterly that captures the amount credited, amount of TDS, Nature of Payments and the TDS Payments deposited with the Income Tax Department.

 

2.

Form 26 AS  AIS  (Annual information Statement) 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. 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)

 

3. Form 3CB-CD

Submitted by Details provided in the form Taxpayer who is required to get his / her accounts audited by an accountant u/s 44AB. To be furnished atleast one month before the due date for furnishing the return of income under sub-section (1) of section 139. Report of Audit of Accounts (Form 3CB) and Statement of Particulars (Form 3CD) required to be furnished under Section 44AB of the Income Tax Act, 1961

 

4. Form 15G - Declaration by resident Taxpayer (not being a Company or Firm) claiming certain receipts without deduction of tax
Submitted by Details provided in the form 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. Estimated Income for the FY

 

5. 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 Details provided in the form A Resident Individual, 60 years or more to bank for not deducting TDS on Interest Income. Estimated Income for the FY

 

6. Form 3CEB

Submitted by Details provided in the form Taxpayer who enters into an international transaction or specified domestic transactions is required to obtain a report from a chartered accountant u/s 92E. To be furnished atleast one month before the due date for furnishing the return of income under sub-section (1) of section 139. Report from a Chartered  Accountant containing details of all international transaction(s) and specified domestic transaction(s)

 

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 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.
• 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 taxpayer wants to opt out of default tax regime, they can 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  only once in lifetime for eligible taxpayers having income from business and profession.

1. 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			Default Tax Regime u/s 115BAC (1A)
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%

 

 

2. 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%

3. 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 also 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 under both the tax regimes.
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 under both the tax regimes.
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 under both the tax regimes.
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. under old tax regime.

 

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:

1. Section 24(b) – Deduction from Income from House Property on interest paid on housing loan:

Nature of Property	Purpose of loan	Allowable (Maximum limit)	Details Required to fill in ITR
Let Out	Construction or purchase of house property	Actual value without any limit (But loss if any under the head “Income from house property” can not be set off against any other heads in schedule CYLA and cannot be carry forward to further years )	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)

2. 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

1. 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     Combined deduction 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   80CCC Annuity plan of LIC or other insurer towards Pension Scheme 80CCD(1) Pension Scheme of Central Government

 

Section 80CCD(1B)
Deduction towards payments made to Pension Scheme of Central Government, excluding deduction claimed under 80CCD (1)	​ Deduction limit of ₹ 50,000

Note:   

1. Taxpayers claiming a deduction u/s 80 C, must provide the details as below:
•    Amount eligible for deduction
•    Policy no. or Document identification No.

2.  Taxpayers claiming a 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).=

Note:

For claiming deduction u/s 80 DD 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 in case 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 needs 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.
•  Date of sanction of loan
•  Total Amount of loan
•  Loan outstanding as on last  date of financial year 
•  Interest u/s 80E

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 80EE,below details need to be provided in ITR: 
•    Loan taken from bank / institution 
•    Name of the bank / institution from which the loan is taken 
•    Loan Account Number of the bank / institution o.
•    Date of sanction of loan
•    Total Amount of loan
•    Loan outstanding as on last  date of financial year 
•    Interest u/s 80EE 

 

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 80EE,below details need to be provided in ITR: 
•    Loan taken from bank / institution 
•    Name of the bank / institution from which the loan is taken 
•    Loan Account Number of the bank / institution o.
•    Date of sanction of loan
•    Total Amount of loan
•    Loan outstanding as on last  date of financial year 
•    Interest u/s 80EE 

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 80EEB, below details need to be provided in ITR 
•  Name of the bank / institution from which 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 
•  Vehicle registration number 
•  Interest u/s 80EEB
 

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 Form10 BA  and enter the (acknowledgement number.) of Form 10 BA in Schedule 80 GG 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 or if the partner is deriving remuneration or interest on capital from partnership firm.

  

Section 80GGC
Deduction towards Donations made to Political Party or Electoral Trust	​ Deduction towards contributions made to Political Party or Electoral Trust No deduction will be allowed if any contribution is made in cash
80IA
Deduction in respect of profits of an undertaking referred to in section 80-IA(4)(iv) [Power]		100% of profit for 10 consecutive AYs falling within a period of 15  AY beginning with the AY in which assessee develops / begins operating and maintaining infrastructure facility. No deduction shall be allowed to any enterprise which starts the development or operation and maintenance of the infrastructure facility on or after the 1st day of April, 2017. (No deduction shall be allowed if development, operation, etc. started after specified dates for specified business)

80IB

Deduction towards Profits and Gains from specified industrial undertakings other than infrastructure development undertakings: The deduction under this section is available to an assessee whose Gross Total Income includes any Profits and Gains derived from the business of an: undertaking which begins commercial production or refining of mineral oil [Section 80-IB(9) undertaking developing and building housing projects [Section 80-IB(10) undertaking engaged in processing, preservation and packaging of fruits, vegetables, meat, meat products, poultry, marine or dairy products [Section 80-IB(11A) undertaking engaged in integrated business of handling, storage and transportation of food grains [Section 80-IB(11A)] (Subject to certain conditions)

 

80IE
Deduction to certain Undertakings set up in North- Eastern states (subject to certain conditions)	100% of profits for 10 AY subject to various conditions specified

 

80JJA
Deduction in respect of Profits and Gains from Business of Collecting and Processing of Biodegradable Waste (subject to certain conditions)	100% of profits from activity of collecting, processing and treating bio degradable waste for 5 consecutive AYs

 

80JJAA
Deduction in respect of Employment of New Workers / Employees, applicable to assessee to whom Section 44AB applies (subject to certain conditions)	30% of additional employee cost for 3 AY, subject to certain conditions

 

80QQB
Deduction in respect of Resident Authors of certain Books other than Textbooks	​ Income derived by way of Royalty by an Author / Joint Author up to a maximum of ₹ 3 lakh, subject to other conditions

Note: Deduction claimed here cannot be claimed elsewhere in the Income Tax Act.

 

80RRB
Deduction for Resident Individuals in respect of Royalty on Patents	First Inventor / Co-owner under the Patents Act, 1970 earning income by way to Royalty up to the amount of Royalty or ₹ 3 lakh (whichever is lesser)

Note: Deduction claimed here cannot be claimed elsewhere in the Income Tax Act.

 

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:

Taxpayer claiming deduction u/s 80 DD or 80U, must provide the details below in ITR:
•  Nature Of Disability
•  Type of Disability
•  Amount of Deduction
•  PAN of Dependent
•  Aadhaar of Dependent
•  Acknowledgement no. of form 10 IA filed