Deduction allowed under section 80C under Income Tax
Which are the expenses or investments allowed as deduction under section 80C of Income tax?
Please provide:
- List of expenses allowed as deduction under section 80C.
- List of investments allowed as deduction under section 80C.
Comments:
1 Answer
List of expenses and investment allowed as deduction under section 80C
- Provident Fund (PF) & Voluntary Provident Fund (VPF)
- Public Provident Fund (PPF)
- Life Insurance Premiums
- Equity Linked Savings Scheme (ELSS)
- Home Loan Principal Repayment
- Stamp Duty and Registration Charges for a home
- Sukanya Samriddhi Account
- National Savings Certificate (NSC) (VIII Issue)
- Infrastructure Bonds
- Fixed deposit with banks for 5 years
- Senior Citizen Savings Scheme 2004 (SCSS)
- 5 Year post office deposit
- Unit linked Insurance Plan
- Children’s education expense
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