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        F. Acts / Amendment Acts

        Section 10 - Amendment of Section 80C

        Finance Act, 1975
        Chapter III
        DIRECT TAXES
        INCOME-TAX

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        Deduction limits under Section 80C: tiered formula established for specified aggregates, altering deduction computation methodology. The amendment replaces the computation rule for deductions under Section 80C with a tiered formula: full deduction where the aggregate does not exceed Rs. 4,000; Rs. 4,000 plus 50% of the excess where the aggregate exceeds Rs. 4,000 but does not exceed Rs. 10,000; and Rs. 7,000 plus 40% of the excess where the aggregate exceeds Rs. 10,000, applicable in computing total income.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Deduction limits under Section 80C: tiered formula established for specified aggregates, altering deduction computation methodology.

                                The amendment replaces the computation rule for deductions under Section 80C with a tiered formula: full deduction where the aggregate does not exceed Rs. 4,000; Rs. 4,000 plus 50% of the excess where the aggregate exceeds Rs. 4,000 but does not exceed Rs. 10,000; and Rs. 7,000 plus 40% of the excess where the aggregate exceeds Rs. 10,000, applicable in computing total income.


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