Deduction Allowed Under Section 80c Under Income Tax


Anonymous
watch_later 2 years ago

Which are the expenses or investments allowed as deduction under section 80C of Income tax?

Please provide:

  1. List of expenses allowed as deduction under section 80C.
  2. List of investments allowed as deduction under section 80C.
  • chatComments
1 Answer

GST Payer watch_later 2 years ago
arrow_drop_up
0
arrow_drop_down

List of expenses and investment allowed as deduction under section 80C

  1. Provident Fund (PF) & Voluntary Provident Fund (VPF)
  2. Public Provident Fund (PPF)
  3. Life Insurance Premiums
  4. Equity Linked Savings Scheme (ELSS)
  5. Home Loan Principal Repayment
  6. Stamp Duty and Registration Charges for a home
  7. Sukanya Samriddhi Account
  8. National Savings Certificate (NSC) (VIII Issue)
  9. Infrastructure Bonds
  10. Fixed deposit with banks for 5 years
  11. Senior Citizen Savings Scheme 2004 (SCSS)
  12. 5 Year post office deposit
  13. Unit linked Insurance Plan
  14. Children’s education expense
  • chatComments
Did Not get Answer?

Join the largest Taxation Q&A platform on internet and ASK YOUR OWN question.

Ask your Question

You need to be logged in to answer.

Related Questions

Non-profit organisation

Income tax queries
CAPITAL GAIN OR BUSINESS
Can 2019 audit income tax return date extend how much
TDs on annual subscription
TDS deduction Tan Number Required
Income tax TDS
For balance sheet Net profit To look less
Pan Card Search Multiple
Linking PAN with Aadhaar

Top Members
Related Articles

Whether 'tips' received fall within the meaning of "Salaries" to attract TDS under section 192

Mandatory requirement of furnishing PAN in all TDS statements, bills, vouchers and correspondence between deductor and deductee [Section 206AA] | AY 2019-20 onwards
Furnishing of statements in respect of payment of interest to residents without deduction of tax [Section 206A] | AY 2019-20 onwards
Person responsible for paying taxes deducted at source [Section 204] | AY 2019-20 onwards
Common number for TDS and TCS [Section 203A] | AY 2019-20 onwards
What if TDS is not deducted or paid [Section 201] | AY 2019-20 onwards
Duties of Person deducting income tax [Section 200] | AY 2019-20 onwards
Credit for tax deducted at source [Section 199] | AY 2019-20 onwards
NO TAX DEDUCTION IN CERTAIN CASES [SECTION 197A] | AY 2019-20 onwards
Certificate For Deduction OF Tax At a Lower Rate [Section 197] | AY 2019-20 onwards

Never File Wrong GSTR-1

Check your GST numbers in bulk. Check unlimited GST numbers with very cheap packages.

CHECK MULTIPLE GSTIN
Used by
Verify GST Number
GST number Search by name
Ask Question