| Major Tax Expenditure on Individual Tax Payers in India (2011-2012 and 2012-2013) | ||
| (Rs. in Crore) | ||
| Nature of Incentive | Revenue Foregone (2011-12) | Projected Revenue Foregone (2012-13) |
| Deduction on account of certain investments and payments (section 80C) | ||
| Deduction on account of contribution to certain pension funds (section 80CCC) | ||
| Deduction on account of contribution to the New Pension Scheme (section 80CCD) | ||
| Deduction on account of health insurance premium (section 80D) | ||
| Deduction on account of expenditure for medical treatment of a dependent who is disabled (section 80DD) | ||
| Deduction on account of expenditure for medical treatment of specified diseases (section 80DDB) | ||
| Deduction on account of interest on loan taken for higher education (section 80E) | ||
| Deduction on account of donations to charitable trusts and institutions (section 80G) | ||
| Deduction on account of rent paid for housing accommodation (section 80GG) | ||
| Deduction on account of donations for scientific research or rural development (section 80GGA) | ||
| Deduction on account of contributions given to political parties (section 80GGC) | ||
| Deduction of profits of undertakings engaged in development of infrastructure facilities, SEZs and Industrial Parks, generation of power, and providing telecommunication services (section 80-IA) | ||
| Deduction of profits of undertakings engaged in development of SEZs in pursuance to SEZ Act, 2005 (section 80-IAB) | ||
| Deduction of profits of industrial undertakings derived from housing projects, production of mineral oil, development of scientific research, integrated business of handling, storage and transportation of food grains and of industrial undertakings located in Jammu & Kashmir and in other backward areas (section 80-IB) | ||
| Deduction of profits of undertakings set-up in North Eastern States, Sikkim, Uttaranchal and Himachal Pradesh (section 80-IC) | ||
| Deduction in respect of hotels, convention centres in specified areas (section 80ID) | ||
| Deduction of profits from business of collecting and processing of bio-degradable waste (section 80JJA) | ||
| Deduction of royalty income of authors of certain books other than text books (section 80QQB) | ||
| Deduction of royalty income on patents (section 80RRB) | ||
| Deduction in case of a person with disability (section 80U) | ||
| Deduction on account of certain investments in Infrastructure Bonds (section 80CCF) | ||
| Higher exemption limit for women | ||
| Higher exemption limit for senior citizens | ||
| Higher exemption limit for very senior citizens | ||
| Total | ||
