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Eligible investments under 80C

Discover the best UK investment opportunities in 202 Invest In Fixed Interest Property Investments. Request Our Property Investment Guide. Access UK Property Investment Opportunities offering rates of return PPF are long term investments backed by government of India. Deposits made in a PPF account are eligible for tax deductions under Section 80C. Eligibility : Can be opened by Resident Indian individuals, salaried and non-salaried individuals. A HUF cannot open a PPF account The amount you invest in National Savings Certificate is eligible for tax deductions under Section 80C of the Income Tax Act, subject to a maximum of Rs.1.5 lakh per financial year. Sukanya Samriddhi Scheme: Individuals can open a Sukanya Samriddhi account for a girl child anytime from the date of her birth to the day she turns 10 years old

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Deductions on Investments Under Section 80C, a deduction of Rs 1,50, 000 can be claimed from your total income. In simple terms, you can reduce up to Rs 1,50,000 from your total taxable income through section 80C. This deduction is allowed to an Individual or a HUF Section 80C : To begin with, Section 80C can be termed as the most important section here as multiple investments fall under it. You can get deductions on PPF, insurance premium, ELSS, NSC, EPF, home loan principal repayment, SSY and SCSS, and others

From Tax Saving Point of view, a person makes investments under section 80C in 2 Asset Classes i.e., Debt and Equity. Section 80C of Income Tax Act provides the amount of eligible investment or expenditure as specified is fully allowed for deduction subject to the limit of Rs 1.5 lakh Investments done in pension funds are also eligible for income tax exemption u/s 80c. Instead of pension funds that might have higher charges, one can use retirement tools like PPF, NPS etc. for retirement planning. #10 - Senior Citizen Saving Scheme (SCSS

Commonly-availed tax-savers One of the most common deductions available under the Income-tax Act, 1961 is section 80C. The deduction under 80C can be claimed only if an individual opts for the old/existing tax regime in a financial year. If he/she opts for the new concessional tax regime, then he/she will not be eligible to claim these deductions Section 80C - Eligible Investments and Expenses for Individual Assessee Deduction Under section 80C for Financial Year 2017-18 and 2018-19 / Assessment Year 2018-19 and 2019-20 in respect of Life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, etc Savings options eligible for deduction under Section 80C Most tax savings instruments have a 5-year lock-in; there are exceptions like the PPF, which has a 15-year lock-in or the NPS in which contributions remain till one is 60. There is also lock-in with the EPF, which depends on how many years one is employed The return earned from Employee Provident Fund (EPF), including the interest, is eligible for tax exemption under Section 80C of the Income Tax Act, 1961. It is only eligible for employees who have continued his or her service for at least 5 years

Employee's contribution to any provident fund (apart from unrecognised provident fund) is eligible for deduction under Section 80C up to Rs 1,50,000. Investment in Equity Linked Savings Scheme (ELSS) ELSS funds are equity funds that invest a major portion of their corpus into equity or equity-related instruments The annual investment made under a pension insurance plan is eligible for tax deduction under section 80CCC (a subsection of 80C) of the Income Tax Act up to a maximum limit of Rs 1.5 lakh. The lump sum amount received (1/3rd of the entire corpus) is also eligible for tax exemption under section 10 (10A) of IT Act

The interest on these certificates is also eligible for tax deduction under Section 80C. Tax on Returns: Returns on NSCs are also eligible for tax deduction under Section 80C. 8) Senior Citizens' Savings Scheme (SCSS): This is a government guaranteed savings instrument with a tenure of 5 years which can be extended for an additional 3 years Amount you can invest : There is no such limit for making investment in the ULIP but the premium should not be more than 10% of the sum assured for taking the benefit of tax under section 80C. Lock in Period : Minimum 5 years Tax Benefit : On investment: Upto Rs 1.5 lakh On Maturity : Exempt if premium paid is less than or equal to 10% of sum assured. The most common Tax Deduction that you tend to hear is Tax Deduction Under Section 80C of The Income Tax Act. To make you familiar with it, we have highlighted the most popular Investments that you can make to claim its benefit. So, just have a look at each eligible Tax saving Investment, that you can probably make and select the one that suits.

Here is a list of expenditures and investments from specified avenues eligible for deduction from the gross income under section 80c. 1. Fixed-deposits. You will get a tax reduction of up to 1.5 Lakh under section 80c for five years on all types of tax saver FDs. These generally have a fixed rate of interest around, 7% to 8% Tax saver fixed deposit (FD) is a type of fixed deposit, which is an eligible investment under section 80C. Tax saver time deposit comes with a lock in period of 5 years. It offers interest from 6% to 7 %.Any investor can claim deduction of Tax saver deposit under section 80C. 11) Repayment of housing loa Section 80C Deduction of Income Tax Act, 1961 and Deductions Under Sub-sections of 80C Section 80C Deduction on Investments. An individual can claim up to a maximum deduction of Rs.1.5 Lakh from the total taxable income under Section 80C of Income Tax Act 1961

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  1. g to reduce your taxable income
  2. Beyond the contribution of Rs 1.5 lakh under Section 80C, you can invest an additional Rs 50,000 in NPS which can be claimed as tax deduction under Section 80CCD. This gives you the option of..
  3. Tax saving options under section 80C deductions . Below is the list of tax-saving options or investment plans which are eligible for deduction under section 80C: Life Insurance Premium. Amount paid by a taxpayer towards life insurance premium for spouse, children, and self is allowed as deduction
  4. Interest accrued on NSC is considered as fresh Investment and is eligible for deduction under 80C. Interest received on maturity is taxed at applicable marginal tax rates
Section 80C Investments: From PPF to NSC, how investments

1 To 7 Year Investments - Fixed Income Investment

  1. Investments Eligible for Section 80C Deduction. Contribution to ELSS: When you invest in Equity Linked Saving Scheme or a tax saving mutual fund then you are allowed a deduction under section 80C.Investment in ELSS funds comes with a lock-in period of 3 years. Investment in Public Provident Fund: It is backed by Government and carries a fixed interest rate (8.0% p.a. subject to change)
  2. Section 80C - Deductions on Investments Section 80C is one of the most popular and favourite sections amongst the taxpayers as it allows to reduce taxable income by making tax saving investments or incurring eligible expenses. It allows a maximum deduction of Rs 1.5 lakh every year from the taxpayers total income
  3. Which Investments Are Eligible For Tax Exemptions Under 80C? 1. Public Provident Fund (PPF) PPFs are one of the most popular investment options for individuals wishing to save tax under 80C. Under this instrument, any interest earned is completely tax free. Even contributions made to an individual's children and spouse are also tax exempted
  4. The tax-saving fixed deposits with a 5-year tenure, which you can open through banks and post offices, are eligible for income tax exemption under 80C. However, the interest accumulated in these FDs is fully taxable. 6. National Savings Certificate (NSC
  5. g ones do generate good returns through the Power of Compounding. As per the Budget 2018, ELSS would attract Long Term Capital Gains (LTCG)
  6. g deductions under 80C, you can get further deductions upto 50,000 rupees under sec 80.
  7. Investment in infrastructure bonds can be claimed for deduction under Section 80C of the Income Tax Act of 1961. Investments to the tune of Rs 20,000 in infrastructure bonds are eligible for income..

Eligible Investment / Payment under Section 80C Employee Provident Fund (EPF): Salaried individuals are compulsorily required to contribute minimum 12% of the Basic Salary to EPF. This amount is deducted from monthly payroll. Employer is also required to make a matching contribution towards Employees retirement kitty According to the new rule for 80C deduction, any investment done in Back Fixed Deposits for a minimum tenure of 5 years is also eligible for Income Tax Deduction under section 80C. Thus, each Bank provides a special rate as well for Tax Saving Fixed Deposits since it would mandatorily remain invested for a period of 5 years Eligible Investments - Deduction under Section 80C Life Insurance premium paid by the taxpayer to effect or keep in force insurance on life of; (a) self, spouse and any child in case of individual and (b) any member, in case of HUF is eligible for a deduction under section 80C Based on a list of investments and expenses you save for and incur through the year, you are eligible to claim deductions from your taxable income. Section 80C, 80D, and 80G are the few most common sections listed under the Income Tax Act

Sub Sections of Section 80C. As per Section 80CCD(1B) an additional exemption up to Rs. 50,000/- in National Pension Scheme is eligible for income tax deduction over and above under Section 80C. This was introduced in Budget 2015, fro FY 2015-16 We look at the five post office investments that helps reduce tax liability under Section 80C of the I-T Act by investing a maximum of Rs 1.5 lakh per financial year in them. Several post office.. To avail the Section 80C deduction, you can invest in a variety of instruments, including but not limited to ELSS (Equity Linked Savings Schemes, PPF (Public Provident Fund), EPF (Employee Provident Fund), ULIPs (Unit Linked Investment Plans) and NPS (National Pension Scheme) A public provident fund is one of the most used ways of income tax deductions under Section 80C - another example of a tax benefit investment. Deposits made in a PPF a/c are eligible for tax deductions under Section 80c for AY 2018-19. It is a saving as well as an investment scheme offered by the Government of India

Section 80 C - Best Tax Saving Investment option under Sec 80

  1. Total amount of income tax deduction under sections 80C, 80CCC (investment in pension plan offered by an insurer) and Section 80CCD (1) (for NPS) cannot exceed Rs. 1.5 lakh in a financial year
  2. An equity-linked savings scheme or an ELSS fund is the only kind of mutual fund eligible for tax deductions under the provisions of Section 80C of the Income Tax Act, 1961. You can claim a tax rebate of up to Rs 1,50,000 and save up to Rs 46,800 a year in taxes by investing in ELSS mutual funds
  3. Deductions under section 80C are relevant for every person filing an ITR. Section 80C of the income tax act describes the deduction which helps to reduce the tax liability. This section contains two options specifically investment and payment options which have been discussed in detail
  4. Investments of up to Rs 1.5 lakh in ULIPs are eligible for tax deduction under Section 80C. An investor can buy ULIP for self or spouse or child. Interest rate varies as it is market linked. Return rate on the ULIP varies between 12% - 14%. No limit on maximum contribution, Investment and withdrawals & maturity amount are tax-free
  5. Investments made under the Senior Citizen Savings Scheme are also eligible for tax deduction under section 80C. While this scheme is applicable for citizens over 60 years of age, those who have opted for Voluntary Retirement Scheme can opt for it at 55. Lock-in period under these schemes is 5 years
  6. If you invest in these bonds, you are eligible to claim tax deductions up to INR 1.5 lakh under Section 80C of Income Tax Act. Investment in Unit Linked Insurance Plans (ULIPs): Unit Linked..
  7. Investments made in ELSS funds are eligible for deduction under section 80C in the year in which investment is made. (IV) Deduction For Unit Linked Insurance Plan (ULIP) of UTI or ULIP Unit Linked Insurance Plans are also eligible for deduction under section 80C

Section 80C - Deduction Under Section 80c of the Income Ta

Advisory: Information relates to the law prevailing in the year of publication/ as indicated .Viewers are advised to ascertain the correct position/prevailing law before relying upon any document. Disclaimer:The above calculator is only to enable public to have a quick and an easy access to basic tax calculation and does not purport to give correct tax calculation in all circumstances Section 80C is an option for many investors seeking tax benefits on their investments. Click here to know what is section 80c, eligible deductions u/s 80c and FAQs. 80C Deductions - Income Tax Deductions Under Section 80C | Kotak Securities

Investments which qualifies for deduction u/s

Section 80C: Income Tax Deduction Under Section 80C Limit

Section 80C has been the most popular tax saving instruments for taxpayers and assessees are always encouraged to make the most of it. The Income Tax Act provides Non Resident Individuals (NRI) to secure their income by making investments on certain instruments covered under Section 80C All contributions made under different types of provident funds like PPF (Public Provident Fund), EPF (Employee Provident Fund) and VPF (Voluntary Provident Fund) are eligible for tax benefits under Section 80C. 6. National Pension Scheme (NPS) Investment into Tier I account (meant for retirement) of NPS, is eligible for deduction under sec 80C. I have invested on 30 April 2018. This investment is eligible for deduction under 80C. In which year can I claim this deduction? You can claim a deduction for investments made in a year in the income tax return filed for the same assessment year. So, for an investment made on 30 April 2018, the deduction can be claimed during FY 2018-19. 3 Payments eligible for tax saving deductions under Section 80C Life Insurance Premium. A qualified tax-saving allowance under Section 80C is the monthly premium paid for life insurance in the name. The maximum deduction under section 80c for the financial year 2017-18 is ₹ 1,50,000 from your overall taxable income. This is applicable to all categories of tax payers who have invested in the qualifying investments, irrespective of their income source. Comparison of investments that are eligible to 80c deduction: 1

Tax Planning – Money Wise

To save tax, make an investment of ₹ 1.5 lakh under Section 80C. Buy medical insurance and claim a deduction up to ₹ 25,000 (₹ 50,000 for senior citizens) for medical insurance premium paid under Section 80D. Also, investment of up to ₹ 50,000 in NPS could help you with additional tax savings under Section 80CCD (1B) Investment under this scheme qualifies for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007. Eligibility for Senior Citizen Savings Scheme (SCSS) Account: An individual who has attained the age of 60 years and above on the date of opening of an account Section 80C of the Income Tax Act, 1961 intends to promote and encourage the habit of saving/investing amongst citizens. The Government has listed a few types of investments that are eligible under this section. The amount that you invest in any of these eligible investments is deducted from your taxable income. The maximum deduction benefit.

In addition to Section 80C benefits, the payouts received under this policy are also exempted from taxation, under Section 10(10D) of the Income Tax Act. If you choose to opt for the Critical Illness Rider, you will be eligible to receive additional tax benefits of up to Rs. 25,000, as per Section 80D of the ITA Income tax laws provide for tax incentives under various sections, but the most commonly used tax benefit is the one allowed under Section 80C of the Income Tax Act, 1961. As per this section, the taxpayers can avail of a tax benefit of up to Rs. 1.50 lakhs from their total income by making certain eligible investments and payments

Eligible Investment Options. For the purpose of Sec 80C, Income Tax Act has assigned a meaning for Eligible Investment. Hence, every investment you do may not qualify for deduction. You should invest only in specified schemes under Sec 80C & certain conditions are to be fulfilled. Then only you are eligible to claim the deduction under. Tax Exemption under 80c . As opposed to the deductions for the financial year 2013-14, the limit for maximum deduction under section 80C for 2014-15 and 2015-16 have been changed to Rs. 1.5 lakhs. This means that investments made under 80C up to Rs. 1.5 lakhs will be eligible for tax exemptions So, here are some options which are allowed as deduction from your income for purpose of tax calculation (other than 80C): Section 80C - Deductions for eligible investments (upto Rs 1.50 lakh) Under this section, you can claim deduction upto Rs 1.5 lakh if you make eligible investments. Read my article on 80C deduction Tax Benefits under Section 80C. There are many investments which qualify for deductions under Section 80C of the Act. Also, there are various expenditures which come under Section 80C. The overall tax benefits under Section 80C is capped at Rs. 1.5 Lakh. The limit was increased from 1 Lakh to 1.5 Lakhs in FY budget 2014-2015 The maximum investment limit in a financial year is Rs.1.5 lakh. The invested amount along with its maturity amount and withdrawals are all tax-exempt. In addition to this you can withdraw up to 50% of the amount once the girl child reaches 18 years of age. So choose your investments wisely and save tax under Section 80C

Income Tax Saving: Investments under section 80C to save ta

The investment made in the PPF account is eligible for the tax deduction of up to INR 1.5 lakhs. The maximum deposit limit is also INR 1.5 lakhs; thus, one can claim the entire amount as an exemption under section 80C The total amount deducted from your salary will be eligible for investments under Section 80C. (B) Interest earned from National Saving Certificates: In case you have purchased NSCs during some earlier years, then the accrued interest as per the tables released by authorities is eligible for deductions under Section 80C There are also various subsections under Section 80C such as section 80 CCC that provides scope for tax deductions on investment in pension funds. Such pension funds can be availed from any insurer and a maximum deduction limit of Rs 1.5 lakh can be claimed here too. However, only individual taxpayers are eligible for this deduction

Tax benefits under Sec 80C, 80CCF, 80D, 80G and 80E

Let's know in details about each eligible investment: Tax Saver FD: An FD will be considered eligible under section 80C only if it is having lock in period of 5 years. Interest earned on FD is taxable. PPF (Public Provident Fund) A person can invest in PPF to avail the benefit of section 80C. This is long term investment have lock-in period. Under section 80C of the income tax, you are eligible to claim deductions up to Rs. 1, 50,000 on your taxable income from tax-saving instruments and investments. An individual or Hindu Undivided Family (HUF) is eligible to claim deductions under this section. The investments which qualify for deductions under 80C are listed below Under Section 80C of the Income Tax Act, 1961, the return received from the Employee Provident Fund (EPF), plus interest, are eligible for a tax exemption. It is only available for an employee who has continued their work for a period of 5 years Complete Tax Exemption under Section 80C of Income Tax. Along with the financial security of the girl child, what is more appealing with this scheme is that it enjoys EEE tax exemption under Section 80C of Income Tax. This means that the following aspects of investment would be completely free from income tax

Investments up to Rs. 1.5 lakh in this scheme are eligible for tax deductions under Section 80C of the Income Tax Act. You can also avail an additional tax benefit on investments of Rs. 50,000 under Section 80CCD(1B). Since this is a pension scheme, NPS contributions are locked-in until the investor turns 60 16 January 2012 Ms. Neha, I have quoted Section 80C and Section 10(23D) from the Act itself. Section 10(23D) specifies 2 types of mutual funds. 1. Mutual Fund registered under SEBI Act 2. Such other mutual fund as may be notified. Kindly provide me the source where it is written that investment in ELSS scheme only is eligible for investment

The premium one pays for a ULIP is eligible for deduction under Section 80C.This, however, is subject to two conditions: The limit set out in Section 80C, that is ₹1,50,000, so that is the maximum amount of deduction an individual can claim As a thumb rule, all the 80C deductions are calculated by compiling investments and expenses that are eligible for deduction under 80C as well as its subsets 80CCC, 80CCD (1), 80CCD (1B) and 80CCD (2). All these together should not exceed Rs 2 Lakh with the first three logging maximum of Rs 1.5 Lakh. The rebate is illustrative in the following. Related: Investment options under 80C. What are the eligible securities? Investment under this scheme can be made in top 100 stocks of NSE and BSE, equity shares of Navaratna, Maharatna and Miniratna companies of the government, mutual funds and exchange-traded funds with RGESS eligible securities, follow-on public offers, new fund offers, and. The Income Tax Act's section 80C came into effect on the 1st of April, 2006. It states that certain expenditures and investments you make will be exempt fro

Section 80C - Income Tax Deduction under Section 80

The only scheme eligible under 80C investments that has a lock in of as low as 3 years; Managing all these documents can be very difficult and time taking. Using Sorted AI would reduce your effort a lot and make this seamless. Gaurav Shrishrimal. Gaurav heads Growth & Marketing at Sorted AI. He is an IIT Kanpur Alumnus New Delhi: Individuals who are looking to save tax can make an investment under 80C of the Income Tax Act.This is one of the most preferred investment avenues among salaried and other individuals. Under the income tax act, it allows the deduction of up to Rs 1.5 lakh from the gross taxable income of the taxpayer Investments of up to 1.5 Lac done in ELSS Mutual Funds are eligible for tax deduction under section 80C of the Income Tax Act. ELSS has a lock-in period of three years. This is the shortest lock-in periods among all the tax-saving instruments But are there tax saving options beyond those under section 80C? Yes, there are and this article will tell you about them. Everybody with a taxable income wants to save on their taxes. As an NRI, one of the most popular ways to do that is through tax-saving investments under section 80C. But section 80C has a limit of INR 1.5 lakh per year In this article, tax expert Manmohan Sethumadhavan explains a situation where investments in products eligible under section 80C may be beneficial even if the net income is lower than the taxable limit. Investments like EPF, PPF, ELSS etc., are made in a financial year to reduce the tax outgo by claiming a deduction u/s 80C of the income tax act

Know All About Deduction Under Section 80C - MintyApp Blog

The annual premium paid for life insurance for yourself, your spouse and children is an eligible tax-saving payment under Section 80C. Premium paid by you for your parents or your in-laws is not eligible for deduction under Section 80C. If you are paying premium for more than one insurance policy, all the premiums can be included The income tax-paying individuals are eligible for deduction under Principal Repayment Section 80C for Home Loan. If you have taken a house loan to build a new house, you can use this advantage in Section 80C. The monthly installment or EMI of the home loan consists of two constituents: interest and principal Contributions to PPF are eligible under Section 80C for tax deductions. PPF has a cumulative deposit cap of INR 1.5 lakhs per year, so any contributions made to the PPF account is claimed as deductions under Section 80C. 5. National Savings Certificate. Under Section 80C, investments in NSC can be claimed as a tax deduction Employee contribution, upto Rs. 1.50 lakhs per annum is eligible for Income tax deduction under section 80C. Read more about Income tax deductions FY 2020-21 (infographics) Government backing, fixed and tax-free Interest, tax deduction and tax free maturity proceeds makes it an attractive bet and also a safe investment option

Tax Saving Investments eligible under section 80

The minimum investment required is Rs 1,000 while there is no upper limit. The investment comes with a fixed maturity tenure of 5 years. Investment done under NSC is eligible for income tax deduction u/s 80c upto Rs 1.56 Lakhs. Loan can be obtained on the NSC Certificates. The interest earned on the certificate gets compounded every year Tax-saving investments under 80C Section 80C offers you plenty of options to reduce your total taxable income by up to Rs. 1.5 lakhs. Briefly explained below are some of the best tax-saving investments that are covered by 80C. Tax-Saving Fixed Deposits Investing in tax-saving fixed deposits is by far one of the safest options for a taxpayer No. SBI Blue Chip Fund is not Tax Saver under section 80C of Income Tax Act.It is an open ended large cap fund having no lock-in period. ELSS Category Funds are Tax Saver under section 80C of Income Tax Act. ELSS Category Funds have 3 (three) year.. NSC (National Saving Certificate) is popular tax saving investment under section 80C.It has maturity of 5 years and is guaranteed by Government of India. This post lists the significant features of NSC, tax benefit, taxation, loan available, et Under this Section, the premium paid for a term life insurance is also eligible for deduction up to Rs.1.5 lakhs (total of all investments and payments under this Section). The conditions to avail term insurance tax benefit under Section 80C include: The yearly premiums paid should not exceed 10% of the sum assured

Tax Benefit Investment: Know about Section 80C Deductions

7 Tax Saving Investments u/s 80C, 80CCD, 80CCC 2021

Under Section 80(C), the payment of tuition fees for a maximum of 2 children is eligible for tax deduction up to ₹1,50,000 [inclusive of other investments and payments made under 80(C)]. One must, however, also note that such payment of fees has to be for a full-time course and the educational institute to which it is paid has to be situated. Unfortunately, none of your Systematic Investment Plans (SIPs) are in ELSSs. Therefore, you cannot claim any tax deduction on your investments under Section 80C. Investments in ELSS qualify for a tax deduction of up to ₹1.5 lakh under Section 80C. Here is a list of top-rated tax saving schemes Here is a list of investments eligible for deduction under Section 80C: Eligible Deduction under Section 80C. 1. Public Provident Fund (PPF) You can invest in PPF which has a maximum investment limit of INR 1,50,000 per year and a lock-in period of 15 years and claim it under Section 80C. Also, the returns after maturity are exempt from taxes.

Tax Deduction under Section 80C: 15 Best Tax Saving

Section 80C - Concept, Sub-Sections, Eligible Investments

Investments for Section 80C. You can claim maximum deduction of Rs 1.5 Lakhs u/s 80C (including Sections 80CCC, 80CCD) by investing in eligible instruments.Unfortunately investments and expenditures allowed u/s 80C is too crowded and that makes the choice difficult for most people The investment is eligible for deduction under 80C and maturity amount is tax-free. Tax Saving Depost at Bank or Post Office: Source: As the name suggests, it is a type of fixed deposit investment at all Nationalized banks & Post Office

Last Minute Tax Saving Investments - Section 80C - FinMediu

It must be noted that some investment scheme under mutual funds are not eligible for deduction under 80C where as some are allowed like investment in ULIPS is also allowed as a deduction under Section 80C. This includes contribution to Unit Linked Insurance Plan of LIC Mutual Fund e.g. Dhanraksha 1989 and contribution to Other Unit Linked. ELSS funds are special equity funds which enjoy tax exemption on the investment amount, gains and final amount (so EEE regime) up to a limit of RS 1.5 lakhs under section 80C of the Income Tax Act Tax Saving Funds are an Equity Linked Savings Scheme (ELSS) with a 3 year lock-in period, which is the minimum among all eligible investment products under Section 80C. These funds are also known to deliver higher long-term returns compared to other 80C investment options. Thus, these investments do both: save and grow your money The total amount eligible for a tax deduction under Section 80C does not just include the repayment of the principal amount on a Home Loan. This Rs. 1,50,000 limit also includes your investments made in any other investment vehicle such as EPF, PPF, Life Insurance, ELSS Mutual Funds, etc. which falls under Section 80C

List of Tax Saving Investments and Deductions under 80c

While investments in NPS of up to Rs 1.5 lakh per financial year qualify for tax deduction under Section 80C, an additional tax deduction of Rs 50,000 is available for NPS investments under Section 80CCD(1B) over and above the deduction available under Section 80C. Unit Linked Insurance Plan (ULIP

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