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Section13
The Finance Act, 1980

Amendment of section 80C

In force Act 44 of 1980 As on 17 Oct 2026

Act 44 of 1980 Ministry Finance Cited by 1 provision

Section 13 of the Finance Act, 1980 deals with amendment of section 80C. Amendment of section 80C 13. In section 80C of the Income-tax Act, With effect from the 1st day of April, 1981.— (a) for sub-section (1), the following sub-section shall be substituted, namely: — (1) In computing the total income of an assessee, there shall be deducted, in accordance with and subjec

Amendment of section 80C

13. In section 80C of the Income-tax Act, With effect from the 1st day of April, 1981.—

(a) for sub-section (1), the following sub-section shall be substituted, namely: —

(1) In computing the total income of an assessee, there shall be deducted, in accordance with and subject to the provisions of this section, an amount calculated, with reference to the aggregate of the sums specified in sub-section (2), at the following rates, namely: —

(a) where such aggregate does not exceed ,Rs. 5,000The whole of such aggregate;
(b) where such aggregate exceeds Rs. 5,000 but does not exceed Rs. 10,000Rs. 5,000 plus 50 per cent of the amount by which such aggregate exceeds Rs. 5,000;
(c) where such aggregate exceeds Rs. 10,000Rs. 7,500 plus 40 per cent of the amount by which such aggregate exceeds Rs. 10,000.";

(b) in sub-section (4), in clause (i), for the words "musician or actor", the words and brackets "musician, actor or sportsman (including an athlete)" shall be substituted.

[Finance (No.

2) Act, 1980]

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Section 13, The Finance Act, 1980 (Act 44 of 1980).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Income-tax Act s. 80C Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc

Referred to by 1

  1. s. 53 Amendment of Act 38 of 1974

Questions about Section 13

What does Section 13 of the Finance Act deal with?

Section 13 of the Finance Act is headed "Amendment of section 80C". Amendment of section 80C 13. In section 80C of the Income-tax Act, With effect from the 1st day of April, 1981.— (a) for sub-section (1), the following sub-section shall be substituted, namely: — (1) In computing the total income of an assessee, there shall be deducted, in accordance with and subjec

How do I find court cases under Section 13 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1980 13, section 13 Finance Act 1980, section 13 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 13 of the Finance Act, and has it changed?

Its own text turns on Income-tax Act 80C (Deduction in respect of life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was the Finance Act enacted?

Finance Act was enacted in 1980 as Act 44 of 1980. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.