under sec 80 c

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Pratik Nitin Vyas (Querist)
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24 November 2009 Interpretation With Examples. PLease

Section 7,6,6A,8,5(1)(2)(3),17,22,21,20,23,24,28 & 30.

Please Interpertation With The Examples

Please Please Please Please Please Please Please Please Please Please Please Please .

vspatil

vspatil (Querist)
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24 November 2009 give me the details up deductions in under section 80c

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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25 November 2009 SEE IN FOURM

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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02 August 2025 Sure! Here’s a clear interpretation of **Section 80C** of the Income Tax Act with examples, focusing on the deductions available under this section.

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### What is Section 80C?

* **Section 80C** allows an individual or Hindu Undivided Family (HUF) to claim deduction from their total income on certain investments/payments made during the financial year.
* The maximum deduction allowed under this section is **₹1,50,000** per year.

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### Common Eligible Investments/Payments under Section 80C:

| Investment/Payment Type | Description | Example |
| ---------------------------------------- | ---------------------------------------------------- | -------------------- |
| **Life Insurance Premium** | Premium paid for policy on self, spouse, or children | Paid ₹50,000 premium |
| **Employees Provident Fund (EPF)** | Contribution made to EPF | ₹20,000 contribution |
| **Public Provident Fund (PPF)** | Deposit in PPF account | ₹70,000 deposited |
| **National Savings Certificate (NSC)** | Purchase of NSC certificates | ₹10,000 investment |
| **Tuition Fees** | Tuition fees paid for children’s education | ₹40,000 tuition fees |
| **Principal Repayment on Home Loan** | Principal portion of EMI paid | ₹1,00,000 repaid |
| **Sukanya Samriddhi Yojana** | Deposit under this scheme | ₹30,000 deposited |
| **Five-Year Fixed Deposit with Banks** | Tax-saving FD with lock-in period of 5 years | ₹50,000 deposited |
| **Senior Citizen Savings Scheme (SCSS)** | Investment in SCSS | ₹50,000 invested |
| **Equity-Linked Savings Scheme (ELSS)** | Investment in tax-saving mutual funds | ₹1,00,000 invested |

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### How Section 80C Works — Example:

Let’s say Mr. A has the following investments/payments in FY 2023-24:

| Investment/Payment | Amount (₹) |
| -------------------------------- | ---------- |
| Life Insurance Premium | 50,000 |
| PPF Deposit | 70,000 |
| Tuition Fees | 40,000 |
| Principal Repayment on Home Loan | 60,000 |
| Total | 2,20,000 |

**Deduction Allowed = ₹1,50,000 (Maximum limit under 80C)**
So Mr. A can claim deduction of ₹1,50,000 even though he paid ₹2,20,000 in total.

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### Important Notes:

* **Total deduction under 80C is capped at ₹1,50,000 per annum.**
* Section 80CCC and 80CCD(1) are related sections for other deductions but combined with 80C, the overall limit may be higher.
* To claim deduction, proof of investment/payment (receipts) must be maintained.
* If investment/payment is in joint name, only the contribution of the assessee is eligible.

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Would you like me to provide interpretation and examples for any other specific sections you mentioned like 7, 6, 6A, 8, etc.?

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