Deduction lower than Section 80GGC

In the event that senior citizens otherwise super senior citizens contribute currency so you're able to a governmental class or an electoral believe, the new sum might possibly be acceptance since a beneficial deduction less than Part 80GGC.

Deduction below Area 80RRB

In the event that a citizen senior citizen or awesome senior citizen features a beneficial inserted patent and you may produces royalty revenue on the such patents, the latest royalty acquired try greeting due to the fact an effective deduction away from taxable income. Just as much royalty which will getting greet as good deduction was limited to INR step 3 lakhs. Also, to help you allege brand new deduction, next criteria will likely be satisfied by senior otherwise super senior citizen –

• They might be a keen Indian resident
• He or she need to have inserted the brand new patent toward or once first according to the Patents Operate 1970
• To allege this new deduction the fresh senior citizen otherwise extremely senior citizen will have to submit a certification(Form-10CCE) to the tax authorities and also the certificate are going to be closed of the gorgeousbrides.net referГЄncia wikipedia the brand new prescribed government
• The latest senior otherwise awesome senior citizen should be the patentee

Deduction not as much as Area 80TTB

In the event your resident senior or awesome senior citizen made places into the a financial otherwise post office, the eye made on the such as for instance dumps, together with notice off checking account, repaired deposit plans and you may post-office put plans is acceptance because the an excellent deduction in the possession of of one's senior citizen.