DEDUCTIONS TO BE MADE IN COMPUTING TOTAL INCOME - Income Tax Bill, 2025

Chapter: VIII
DEDUCTIONS TO BE MADE IN COMPUTING TOTAL INCOME
Part: A
General
Clause 122	:	Deductions to be made in computing total income. Clause 122 of the Bill provides for the statutory compliance requirements, time limits and overall limits for claiming the de....
Part: B
Deductions in respect of certain payments
Clause 123	:	Deduction for life insurance premia, deferred annuity, contributions to provident fund, etc. Clause 123 of the Bill provides for deduction for insurance premia, deferred annuity, contributions to provident fund, etc. a....
Clause 124	:	Deduction in respect of employer contribution to pension scheme of Central Government. Clause 124 of the Bill seeks to provide for deduction in respect of employer contribution to pension scheme of Central Govern....
Clause 125	:	Deduction in respect of contribution to Agnipath Scheme. Clause 125 of the Bill seeks to provide for deduction in respect of contribution to Agnipath Scheme.....
Clause 126	:	Deduction in respect of health insurance premia. Clause 126 of the Bill seeks to provide for deduction in respect of health insurance premia.....
Clause 127	:	Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability. Clause 127 of the Bill seeks to provide for deduction in respect of maintenance including medical treatment of a dependant wh....
Clause 128	:	Deduction in respect of medical treatment, etc. Clause 128 of the Bill seeks to provide for deduction in respect of medical treatment, etc.....
Clause 129	:	Deduction in respect of interest on loan taken for higher education. Clause 129 of the Bill seeks to provide for deduction in respect of interest on loan taken for higher education.....
Clause 130	:	Deduction in respect of interest on loan taken for residential house property. Clause 130 of the Bill seeks to provide for deduction in respect of interest on loan taken for certain house property.....
Clause 131	:	Deduction in respect of interest on loan taken for certain house property. Clause 131 of the Bill provides for deduction in respect of interest on loan taken for certain house property and to provide ....
Clause 132	:	Deduction in respect of purchase of electric vehicle. Clause 132 of the Bill seeks to provide for deduction in respect of purchase of electric vehicle.....
Clause 133	:	Deduction in respect of donations to certain funds, charitable institutions, etc. Clause 133 of the Bill seeks to provide for deduction in respect of donations to certain funds, charitable institutions, etc.....
Clause 134	:	Deductions in respect of rents paid. Clause 134 of the Bill seeks to provide that deduction to an assessee being an individual in respect of any expenditure incur....
Clause 135	:	Deduction in respect of certain donations for scientific research or rural development. Clause 135 of the Bill seeks to provide for deduction in respect of certain donations for scientific research or rural develo....
Clause 136	:	Deduction in respect of contributions given by companies to political parties. Clause 136 of the Bill seeks to provide for deduction in respect of contributions given by companies to political parties.....
Clause 137	:	Deduction in respect of contributions given by any person to political parties. Clause 137 of the Bill seeks to provide for deduction in respect of contributions given by any person to political parties.....
Part: C
Deductions in respect of certain incomes.
Clause 138	:	Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc. Clause 138 of the Bill seeks to provide for deductions in respect of profits and gains from industrial undertakings or enterp....
Clause 139	:	Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone. Clause 139 of the Bill seeks to provide for deductions in respect of profits and gains by an undertaking or enterprise engage....
Clause 140	:	Special provision in respect of specified business. Clause 140 of the Bill seeks to provide deduction to eligible start up in respect of profits and gains of eligible businesses....
Clause 141	:	Deduction in respect of profits and gains from certain industrial undertakings. Clause 141 of the Bill provides for deduction in respect of profits and gains from certain industrial undertakings and provid....
Clause 142	:	Deductions in respect of profits and gains from housing projects. Clause 142 of the Bill provides for deductions in respect of profits and gains of business of developing and building housing....
Clause 143	:	Special provisions in respect of certain undertakings in North-Eastern States. Clause 143 of the Bill provides for special provisions in respect of profits and gains of certain undertakings with respect t....
Clause 144	:	Special provisions in respect of newly established Units in Special Economic Zones. Clause 144 of the Bill provides for deduction in respect of profits and gains of newly established units in Special Economic ....
Clause 145	:	Duction for businesses engaged in collecting and processing of bio-degradable waste. Clause 145 of the Bill seeks to provide for deduction for businesses engaged in collecting and processing of bio-degradable w....
Clause 146	:	Deduction in respect of additional employee cost. Clause 146 of the Bill provides for deduction in respect of additional employee cost and deduction in respect of additional e....
Clause 147	:	Deductions for income of Offshore Banking Units and Units of International Financial Services Centre. Clause 147 of the Bill provides for deductions for income of Offshore Banking Units and Units of International Financial Serv....
Clause 148	:	Deduction in respect of certain inter-corporate dividends. Clause 148 of the Bill seeks to provide for deduction in respect of certain inter-corporate dividends.....
Clause 149	:	Deduction in respect of income of co-operative societies. Clause 149 of the Bill seeks to provide for deduction in respect of income of co-operative societies.....
Clause 150	:	Deduction in respect of certain income of Producer Companies. Clause 150 of the Bill seeks to provide for deduction in respect of certain income of Producer Companies.....
Clause 151	:	Deduction in respect of royalty income, etc., of authors of certain books other than text-books. Clause 151 of the Bill provides for deduction in respect of royalty income, etc., of authors of certain books other than text....
Clause 152	:	Deduction in respect of royalty on patents. Clause 152 of the Bill provides for deduction in respect of royalty on patents.....
Part: D
Deductions in respect of other incomes
Clause 153	:	Deduction for interest on deposits. Clause 153 of the Bill provides for certain deduction for interest on savings account deposits (excluding time deposits) for ....
Part: E
Other deductions
Clause 154	:	Deduction in case of a person with disability. Clause 154 of the Bill provides for deduction in case of a person with disability and to provide for deduction for an individ....