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Income-tax Act, 2025
23 chapters · 536 sections
Chapters
23
1
Preliminary
2
Basis of Charge
3
Incomes Which Do Not Form Part of Total Income
4
Computation of Total Income
5
Income of Other Persons, Included in Total Income of Assessee
6
Aggregation of Income
7
Set Off, Or Carry Forward and Set Off of Losses
8
Deductions to Be Made in Computing Total Income
¶
Chapter 8 overview
122
Deductions to be made in computing total income
123
Deduction for life insurance premia, deferred annuity, contributions to provident fund, etc
124
Deduction in respect of employer contribution to pension scheme of Central Government
125
Deduction in respect of contribution to Agnipath Scheme
126
Deduction in respect of health insurance premia
127
Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability
128
Deduction in respect of medical treatment, etc
129
Deduction in respect of interest on loan taken for higher education
130
Deduction in respect of interest on loan taken for residential house property
131
Deduction in respect of interest on loan taken for certain house property
132
Deduction in respect of purchase of electric vehicle
133
Deduction in respect of donations to certain funds, charitable institutions, etc
134
Deductions in respect of rents paid
135
Deduction in respect of certain donations for scientific research or rural development
136
Deduction in respect of contributions given by companies to political parties
137
Deduction in respect of contributions given by any person to political parties
138
Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc
139
Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone
140
Special provision in respect of specified business
141
Deduction in respect of profits and gains from certain industrial undertakings
142
Deductions in respect of profits and gains from housing projects
143
Special provisions in respect of certain undertakings in North-Eastern States
144
Special provisions in respect of newly established Units in Special Economic Zones
145
Deduction for businesses engaged in collecting and processing of bio-degradable waste
146
Deduction in respect of additional employee cost
147
Deductions for income of Offshore Banking Units and Units of International Financial Services Centre
148
Deduction in respect of certain inter-corporate dividends
149
Deduction in respect of income of co-operative societies
150
Deduction in respect of certain income of Producer Companies
151
Deduction in respect of royalty income, etc., of authors of certain books other than text-books
152
Deduction in respect of royalty on patents
153
Deduction for interest on deposits
154
Deduction in case of a person with disability
9
Rebates and Reliefs
10
Special Provisions Relating to Avoidance of Tax
11
General Anti-Avoidance Rule
12
Mode of Payment in Certain Cases, Etc
13
Determination of Tax in Special Cases
14
Tax Administration
15
Return of Income
16
Procedure For Assessment
17
Special Provisions Relating to Certain Persons
18
Appeals, Revision and Alternate Dispute Resolutions
19
Collection and Recovery of Tax
20
Refunds
21
Penalties
22
Offences and Prosecution
23
Miscellaneous
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Chapter 8
Chapter 8
Deductions to Be Made in Computing Total Income
33 sections (122–154)
122
Deductions to be made in computing total income
123
Deduction for life insurance premia, deferred annuity, contributions to provident fund, etc
124
Deduction in respect of employer contribution to pension scheme of Central Government
125
Deduction in respect of contribution to Agnipath Scheme
126
Deduction in respect of health insurance premia
127
Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability
128
Deduction in respect of medical treatment, etc
129
Deduction in respect of interest on loan taken for higher education
130
Deduction in respect of interest on loan taken for residential house property
131
Deduction in respect of interest on loan taken for certain house property
132
Deduction in respect of purchase of electric vehicle
133
Deduction in respect of donations to certain funds, charitable institutions, etc
134
Deductions in respect of rents paid
135
Deduction in respect of certain donations for scientific research or rural development
136
Deduction in respect of contributions given by companies to political parties
137
Deduction in respect of contributions given by any person to political parties
138
Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc
139
Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone
140
Special provision in respect of specified business
141
Deduction in respect of profits and gains from certain industrial undertakings
142
Deductions in respect of profits and gains from housing projects
143
Special provisions in respect of certain undertakings in North-Eastern States
144
Special provisions in respect of newly established Units in Special Economic Zones
145
Deduction for businesses engaged in collecting and processing of bio-degradable waste
146
Deduction in respect of additional employee cost
147
Deductions for income of Offshore Banking Units and Units of International Financial Services Centre
148
Deduction in respect of certain inter-corporate dividends
149
Deduction in respect of income of co-operative societies
150
Deduction in respect of certain income of Producer Companies
151
Deduction in respect of royalty income, etc., of authors of certain books other than text-books
152
Deduction in respect of royalty on patents
153
Deduction for interest on deposits
154
Deduction in case of a person with disability
Chapter 7
Set Off, Or Carry Forward and Set Off of Losses
Chapter 9
Rebates and Reliefs