80C Deduction List PDF

80C Deduction List PDF Download

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80C Deduction List PDF

80C Deduction List PDF Download for free using the direct download link given at the bottom of this article.

Every Tax Payer person must know about section 80C Deduction under chapter VI of the Income Tax Act. Section 80C is one of the most popular and favorite sections amongst taxpayers as it allows for the reduction of taxable income by making tax-saving investments or incurring eligible expenses. It allows a maximum deduction of Rs 1.5 lakh every year from the taxpayer’s total income.

Who Can Claimed 80C Section:- The benefit of this deduction can be availed by Individuals and HUFs. Companies, partnership firms, and LLPs cannot avail of the benefit of this deduction. Section 80C includes subsections, 80CCC, 80CCD (1), 80CCD (1b), and 80CCD (2). It is important to note that the overall limit including the subsections for claiming the deduction is Rs 1.5 lakh except an additional deduction of Rs 50,000 allowed u/s 80CCD(1b)

80C Deduction List PDF

TypesEligible investments for tax deductions
80 C80C allows a deduction for the investment made in PPF, EPF, LIC premium, Equity-linked saving scheme, principal amount payment towards home loan, stamp duty and registration charges for the purchase of property, Sukanya smriddhi Yojana (SSY), National saving certificate (NSC), Senior citizen savings scheme (SCSS), ULIP, tax saving FD for 5 years, Infrastructure bonds, etc
80CCC Deduction for life insurance annuity plan.80CCC allows a deduction for payment towards annuity pension plans Pension received from the annuity or amount received upon surrender of the annuity, including interest or bonus accrued on the annuity, is taxable in the year of receipt.
80CCD (1) Deduction for NPSEmployee’s contribution under section 80CCD (1) Maximum deduction allowed is least of the following

  • 10% of salary (in case taxpayer is employee)
  • 20& of gross total income (in case of self-employed)
  • Rs 1.5 Lakh ( limit allowed u/s 80C)
80CCD (1b) Deduction for NPSAn additional deduction of Rs 50,000 is allowed for the amount deposited to the NPS account

Contributions to Atal Pension Yojana are also eligible for deduction.

80CCD (2) Deduction for NPSEmployers’ contribution is allowed for deduction up to 10% of basic salary plus dearness allowance under this section. The benefit in this section is allowed only to salaried individuals and not self-employed.

80C Deduction List PDF

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80C Deduction List PDF - 2nd Page
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80C Deduction Full List PDF

80C Deduction Full List PDF

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Added on 25 Nov, 2021 by pk

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