Deduction under Section 80GGC
In the event the older persons or extremely senior citizens contribute money so you can a good governmental party or an electoral believe, the fresh sum could be greet because a good deduction not as much as Section 80GGC.
Deduction lower than Point 80RRB
When the a resident senior otherwise super senior citizen has actually a registered patent and you will brings in royalty income into the eg patents, brand new royalty gotten is actually anticipate since the a good deduction out of nonexempt income. Just as much royalty which could end up being welcome since the an excellent deduction might possibly be restricted to INR step 3 lakhs. Also, to help you allege the newest deduction, the second criteria will likely be met of the senior otherwise extremely senior –
- She or he will likely be an Indian resident
- She or he should have registered the patent for the otherwise shortly after initially underneath the Patents Operate 1970
- In order to allege the latest deduction the brand new senior or super senior will have to submit a certification(Form-10CCE) to your tax bodies as well as the certificate will be signed by the recommended authorities
- The fresh senior or extremely senior should be the patentee
Deduction under Part 80TTB
Should your citizen senior or extremely senior citizen has made deposits when you look at the a lender otherwise post office, the attention generated towards the such as for example deposits, also appeal out-of family savings, fixed deposit strategies and you will postoffice put schemes would-be invited because a beneficial deduction in the hands of the senior. Deduction namorando uma mulher Burmese into the appeal money gained will be simply for INR fifty,000.
Deduction lower than Section 80U
The fresh deduction lower than Point 80U can be acquired to help you citizen older persons otherwise very seniors who are suffering regarding a disability or mental retardation.