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Ms Riya Sharma
On 12/21/18, 1:51 AM
Deduction Under 80C are available only if Payment are made towards the Following (Inclusive List):-

  1. LIC (Deduction of LIC Premium paid is available to individual only if it is paid for individual himself, Spouse, or any child of such indiuidual and in case of HUF, any Member thereof.
  2. NSC  (National Savings Certificates)
  3. PPF ( Public Provident Fund )
  4. ULIP ( A Unit Linked Insurance Plan)
  5. ELSS (Equity Linked Saving Scheme) MF (Mutual fund)
  6. Bank FDR (5 year)
  7. Home Loan Repayment
  8. EPF(Employee Provident Fund)
  9. School Fees 
  10. Sukanya Samriddhi Scheme

A maximum of Rs 1, 50,000 can be claimed under 80C for the each Financial Year.

(However, The maximum aggregate deduction that can be claimed under section 80C, section 80CCC and section 80CCD (1) cannot exceed more than Rs 1.5 lakhs.)

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Asked: 12/21/18, 1:49 AM
Seen: 171 times
Last updated: 2/2/19, 1:19 AM