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Income Tax Deduction under section 80RRB


Individual - Patentee

Deduction Allowed on

Royalty on Patents

Amount of Deduction

Is to the extent of Rs. 3 Lakh and is in receipt of any income by way of royalty in respect of a patent registered on or after the 1st day of April, 2003 under the Patents Act, 1970

Details of Deduction

  • Patent here means a Patent granted under the Patents Act, 1970
  • Patentee is the person who is the true and first inventor of the invention, whose name is entered on the patent register as the patentee, in accordance with the Patents Act, 1970
  • Royalty here means consideration


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