Home > Income Tax Act 2025 > Chapter VIII Last Updated: Oct 08th 2025
Chapter VIII : Deductions To Be Made In Computing Total Income
Income tax act 2025 is organised by chapters that groups related sections of the tax law. "Chapter VIII" is related to "Deductions To Be Made In Computing Total Income".
1. "Chapter VIII" as per act
List of new section codes and a short description of each section.
| Section | Description of Section | Section Details |
|---|---|---|
| 1 | Deductions to be made in computing total income. | Section-122 |
| 2 | Deduction for life insurance premia, deferred annuity, contributions to provident fund, etc. | Section-123 |
| 3 | Deduction in respect of employer and assessee contribution to pension scheme of Central Government. | Section-124 |
| 4 | Deduction in respect of contribution to Agnipath Scheme. | Section-125 |
| 5 | Deduction in respect of health insurance premia. | Section-126 |
| 6 | Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability. | Section-127 |
| 7 | Deduction in respect of medical treatment, etc. | Section-128 |
| 8 | Deduction in respect of interest on loan taken for higher education. | Section-129 |
| 9 | Deduction in respect of interest on loan taken for residential house property. | Section-130 |
| 10 | Deduction in respect of interest on loan taken for certain house property. | Section-131 |
| 11 | Deduction in respect of purchase of electric vehicle. | Section-132 |
| 12 | Deduction in respect of donations to certain funds, charitable institutions, etc. | Section-133 |
| 13 | Deductions in respect of rents paid. | Section-134 |
| 14 | Deduction in respect of certain donations for scientific research or rural development. | Section-135 |
| 15 | Deduction in respect of contributions given by companies to political parties. | Section-136 |
| 16 | Deduction in respect of contributions given by any person to political parties. | Section-137 |
| 17 | Deductions in respect of profits and gains from industrial undertakings or enterprises engaged in infrastructure development, etc. | Section-138 |
| 18 | Deductions in respect of profits and gains by an undertaking or enterprise engaged in development of Special Economic Zone. | Section-139 |
| 19 | Special provision in respect of specified business. | Section-140 |
| 20 | Deduction in respect of profits and gains from certain industrial undertakings. | Section-141 |
| 21 | Deductions in respect of profits and gains from housing projects. | Section-142 |
| 22 | Special provisions in respect of certain undertakings in North-Eastern States. | Section-143 |
| 23 | Special provisions in respect of newly established Units in Special Economic Zones. | Section-144 |
| 24 | Deduction for businesses engaged in collecting and processing of bio-degradable waste. | Section-145 |
| 25 | Deduction in respect of additional employee cost. | Section-146 |
| 26 | Deductions for income of Offshore Banking Units and Units of International Financial Services Centre. | Section-147 |
| 27 | Deduction in respect of certain inter-corporate dividends. | Section-148 |
| 28 | Deduction in respect of income of co-operative societies. | Section-149 |
| 29 | Interpretation for purposes of section 149. | Section-150 |
| 30 | Deduction in respect of royalty income, etc., of authors of certain books other than text-books. | Section-151 |
| 31 | Deduction in respect of royalty on patents. | Section-152 |
| 32 | Deduction for interest on deposits. | Section-153 |
| 33 | Deduction in case of a person with disability. | Section-154 |