Which investment options are covered under section 80C?
- Published on January 4, 2018
Section 80C of the Income Tax Act provides provisions for Tax deductions on number of Payment. Eligible taxpayers can claim deduction up to 1.5 Lakh per year under Section 80C.
Following options are covered u/s 80C -
Life Insurance Premium
Bank Deposit (In nationalized & scheduled bank)
Children Tuition Fees-(for full-time education in ay educational Institution)
Equity Linked Savings Schemes (ELSS)/Mutual Fund.
Mutual Fund/ Equity-linked savings schemes.
Principal Housing Loan.
Pension Fund 5-Yr Time deposit (POTD) scheme with any bank.
Stamp Duty, Registration Fees incurred for Purchasing or selling own house property Subscription to any notified bonds of NABARD.