Equity savings deduction available for individuals investing in notified listed shares, subject to income, investor type, lock in and one time claim conditions. Section 80CCG allows a deduction where a resident individual acquires listed equity shares under a Central Government notified equity savings scheme: fifty per cent of the amount invested is deductible in computing total income, subject to a monetary cap and to being claimed only once. The deduction is available only if the assessee's gross total income does not exceed the prescribed limit, the assessee is a new retail investor as specified under the scheme, the investment is in shares specified under the scheme, the investment is locked in for the prescribed period, and other prescribed conditions are met; non compliance makes the deduction taxable as income for the relevant year.