Section 80C Details

Dear Friends here i am going to share you all the investment which cover under Section 80C in Chapter VI.

1. Employee Provident Fund (EPF) :– Contributions made towards EPF are eligible for deductions.

2. Public Provident Fund (PPF) :– Investments in PPF accounts are eligible for deductions.

3. National Savings Certificates (NSC) :- Investments in NSC are also eligible for deductions.

4. 5-year Fixed Deposit with Banks :- Certain fixed deposit schemes with a tenure of 5 years are eligible for deductions.

5. Life Insurance Premium :- Premiums paid towards life insurance policies are eligible.

6. Equity Linked Savings Scheme (ELSS) :- Investments in ELSS mutual funds qualify for deductions.

7. Tax-saving Fixed Deposits :- Some banks offer special fixed deposit schemes with tax benefits.

8. Sukanya Samriddhi Yojana :- This scheme is for the girl child and provides tax benefits.

9. Senior Citizens Savings Scheme (SCSS) :- Available to senior citizens and offers tax benefits.

10. Tuition Fees :- Tuition fees paid for children’s education are eligible for deductions.

11. Principal Repayment on Home Loan :- The principal component of your home loan EMI is eligible.

12. National Pension Scheme (NPS) :- Contributions towards NPS are also eligible.

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