Complied AIComplied AIBack to law libraryReading nowIncome-tax Act, 202523 chapters · 536 sections
Chapters23
    • ¶Chapter 8 overview
    • 122Deductions to be made in computing total income
    • 123Deduction for life insurance premia, deferred annuity, contributions to provident fund, etc
    • 124Deduction in respect of employer contribution to pension scheme of Central Government
    • 125Deduction in respect of contribution to Agnipath Scheme
    • 126Deduction in respect of health insurance premia
    • 127Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability
    • 128Deduction in respect of medical treatment, etc
    • 129Deduction in respect of interest on loan taken for higher education
    • 130Deduction in respect of interest on loan taken for residential house property
    • 131Deduction in respect of interest on loan taken for certain house property
    • 132Deduction in respect of purchase of electric vehicle
    • 133Deduction in respect of donations to certain funds, charitable institutions, etc
    • 134Deductions in respect of rents paid
    • 135Deduction in respect of certain donations for scientific research or rural development
    • 136Deduction in respect of contributions given by companies to political parties
    • 137Deduction in respect of contributions given by any person to political parties
    • 138Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc
    • 139Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone
    • 140Special provision in respect of specified business
    • 141Deduction in respect of profits and gains from certain industrial undertakings
    • 142Deductions in respect of profits and gains from housing projects
    • 143Special provisions in respect of certain undertakings in North-Eastern States
    • 144Special provisions in respect of newly established Units in Special Economic Zones
    • 145Deduction for businesses engaged in collecting and processing of bio-degradable waste
    • 146Deduction in respect of additional employee cost
    • 147Deductions for income of Offshore Banking Units and Units of International Financial Services Centre
    • 148Deduction in respect of certain inter-corporate dividends
    • 149Deduction in respect of income of co-operative societies
    • 150Deduction in respect of certain income of Producer Companies
    • 151Deduction in respect of royalty income, etc., of authors of certain books other than text-books
    • 152Deduction in respect of royalty on patents
    • 153Deduction for interest on deposits
    • 154Deduction in case of a person with disability
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  1. Chapter 8

Chapter 8

Deductions to Be Made in Computing Total Income

33 sections (122–154)

  • 122Deductions to be made in computing total income
  • 123Deduction for life insurance premia, deferred annuity, contributions to provident fund, etc
  • 124Deduction in respect of employer contribution to pension scheme of Central Government
  • 125Deduction in respect of contribution to Agnipath Scheme
  • 126Deduction in respect of health insurance premia
  • 127Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability
  • 128Deduction in respect of medical treatment, etc
  • 129Deduction in respect of interest on loan taken for higher education
  • 130Deduction in respect of interest on loan taken for residential house property
  • 131Deduction in respect of interest on loan taken for certain house property
  • 132Deduction in respect of purchase of electric vehicle
  • 133Deduction in respect of donations to certain funds, charitable institutions, etc
  • 134Deductions in respect of rents paid
  • 135Deduction in respect of certain donations for scientific research or rural development
  • 136Deduction in respect of contributions given by companies to political parties
  • 137Deduction in respect of contributions given by any person to political parties
  • 138Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc
  • 139Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone
  • 140Special provision in respect of specified business
  • 141Deduction in respect of profits and gains from certain industrial undertakings
  • 142Deductions in respect of profits and gains from housing projects
  • 143Special provisions in respect of certain undertakings in North-Eastern States
  • 144Special provisions in respect of newly established Units in Special Economic Zones
  • 145Deduction for businesses engaged in collecting and processing of bio-degradable waste
  • 146Deduction in respect of additional employee cost
  • 147Deductions for income of Offshore Banking Units and Units of International Financial Services Centre
  • 148Deduction in respect of certain inter-corporate dividends
  • 149Deduction in respect of income of co-operative societies
  • 150Deduction in respect of certain income of Producer Companies
  • 151Deduction in respect of royalty income, etc., of authors of certain books other than text-books
  • 152Deduction in respect of royalty on patents
  • 153Deduction for interest on deposits
  • 154Deduction in case of a person with disability
Chapter 7Set Off, Or Carry Forward and Set Off of LossesChapter 9Rebates and Reliefs