Deduction Allowed Under Section 80c Under Income Tax


Anonymous
watch_later 2 years, 11 months 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.
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1 Answer

GST Payer watch_later 2 years, 11 months ago
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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
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