Sec 80 c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 September 2014
Hi,
The limit under sec 80C up to 1.5lakh now, hence i have the insurances around 35K and school fees around 60K.
please suggest how could i plan to claim till 1.5 Lakh and any other best investments to cover under 80C.
The limit under sec 80C up to 1.5lakh now, hence i have the insurances around 35K and school fees around 60K.
please suggest how could i plan to claim till 1.5 Lakh and any other best investments to cover under 80C.
01 September 2014
FD, LIC ,national savings certificate, senior citizen savings scheme, notified mutual funds ect refer 80C list in detail
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01 September 2014
In my view invest the remaining amount in PPF. You also have other options as suggested by Tushar but in my view PPF will be the best option.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
03 September 2014
Hi,
as you suggest i have gone through PPF Policy and i have a small query in that, Minimum deposit per a year Rs.500/- and the maximum around 1.5Lakh.
Just want to take PPF Ac and would like deposit on monthly basis to PPF Ac, is we need to deposit any fixed amounts like 500PM, like 600PM or we can deposit as per our per personal interest like 600 one month and 300 one month and 1000 one more month.
as you suggest i have gone through PPF Policy and i have a small query in that, Minimum deposit per a year Rs.500/- and the maximum around 1.5Lakh.
Just want to take PPF Ac and would like deposit on monthly basis to PPF Ac, is we need to deposit any fixed amounts like 500PM, like 600PM or we can deposit as per our per personal interest like 600 one month and 300 one month and 1000 one more month.
03 September 2014
You can deposit any amount within the said limit at any point of time. Its ok even if you don't deposit any amount.
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03 September 2014
that is min amount given anf u can invest within the above mentioned range.
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 October 2014
HI,
is we can claim 1.50Lakh of PPF Amount, If i Deposited in my PPF AC Per Annam.
or do we have any particular limit, pls share.
is we can claim 1.50Lakh of PPF Amount, If i Deposited in my PPF AC Per Annam.
or do we have any particular limit, pls share.
23 July 2025
### Claiming the Full ₹1.5 Lakh Limit Under Section 80C for PPF
Regarding your query, here are the key points about the **Public Provident Fund (PPF)** and how you can plan to invest for claiming deductions under **Section 80C**:
#### 1. **PPF Contribution Limits (Section 80C)**:
* The **maximum contribution** you can make to a PPF account in a financial year is **₹1.5 lakh**. This amount qualifies for deduction under Section 80C.
* You **can deposit any amount** as long as it is between **₹500** (minimum) and **₹1.5 lakh** in a year. There’s no restriction on how you distribute this amount over the year.
#### 2. **Monthly Contributions to PPF**:
* You are **not required to deposit a fixed amount** every month. For example, you can choose to deposit **₹600 one month**, **₹300 the next month**, and **₹1000 the following month**, as long as your total contribution for the year does not exceed **₹1.5 lakh**.
* The key here is the **total contribution** in the financial year—whether monthly or lump sum, the total amount must not exceed **₹1.5 lakh** for the **80C deduction**.
#### 3. **Can You Claim the Full ₹1.5 Lakh?**
* Yes, you **can** claim up to **₹1.5 lakh** under Section 80C if you make the full contribution to your PPF account. Whether you deposit the amount in **lumpsum** or **monthly** installments, it doesn’t matter.
* Just ensure that your **total contribution for the financial year** (April-March) does not exceed **₹1.5 lakh**.
#### 4. **Interest and Maturity**:
* The **interest earned** in PPF is also **tax-free** and exempt from **Income Tax** under Section 10(11).
* The **maturity amount**, including the principal and interest, is also **tax-free**.
#### 5. **Best Investment Strategy**:
* Since your **school fees** (₹60,000) and **insurance** (₹35,000) are already covered, you still have approximately **₹50,000** remaining to fully utilize the **₹1.5 lakh** limit.
* I would recommend investing the remaining amount in **PPF**, as it is a **safe and tax-free option** with a **long-term benefit**. Additionally, it has **no risk**, offers tax-free interest, and you can easily manage monthly contributions.
---
### Other 80C Investments to Consider
In addition to **PPF**, here are other options you could consider for tax savings under **Section 80C**:
1. **Life Insurance Premium (LIC)**:
* You are already covering a portion of this. The **premium** paid for **life insurance policies** qualifies for deduction under **Section 80C**.
2. **National Savings Certificates (NSC)**:
* These offer **fixed returns** and can be a good option if you want a low-risk investment. The interest earned on NSC is also eligible for tax deductions.
3. **5-Year Fixed Deposit (FD) with Banks**:
* Tax-saving **fixed deposits** with a lock-in period of 5 years are eligible for 80C benefits.
4. **Senior Citizens Savings Scheme (SCSS)**:
* If you or your family members are senior citizens, this is a good investment with a **higher interest rate** than regular savings accounts or FDs. The maximum limit for tax-saving is **₹1.5 lakh**.
5. **Notified Mutual Funds (ELSS)**:
* **Equity-linked savings schemes (ELSS)** are good for higher returns over the long term, but they carry a certain **market risk**. The benefit is that they have a **shorter lock-in period** of just 3 years.
6. **National Pension Scheme (NPS)**:
* Though this is separate from **Section 80C**, contributions to **NPS** qualify for an additional deduction of **₹50,000** under **Section 80CCD(1B)**, over and above the ₹1.5 lakh limit.
---
### Conclusion
* For the **full ₹1.5 lakh** tax benefit under **Section 80C**, you can invest in **PPF**. You can contribute in any manner (monthly or lump sum) but the total contribution in the year must not exceed ₹1.5 lakh.
* You still have around **₹50,000** left to invest in **PPF** to maximize your 80C deductions.
* You can also explore other investment options like **NSC**, **FD**, **LIC**, **ELSS**, or **SCSS**, based on your risk tolerance and investment horizon.
Let me know if you need any further clarification!
Regarding your query, here are the key points about the **Public Provident Fund (PPF)** and how you can plan to invest for claiming deductions under **Section 80C**:
#### 1. **PPF Contribution Limits (Section 80C)**:
* The **maximum contribution** you can make to a PPF account in a financial year is **₹1.5 lakh**. This amount qualifies for deduction under Section 80C.
* You **can deposit any amount** as long as it is between **₹500** (minimum) and **₹1.5 lakh** in a year. There’s no restriction on how you distribute this amount over the year.
#### 2. **Monthly Contributions to PPF**:
* You are **not required to deposit a fixed amount** every month. For example, you can choose to deposit **₹600 one month**, **₹300 the next month**, and **₹1000 the following month**, as long as your total contribution for the year does not exceed **₹1.5 lakh**.
* The key here is the **total contribution** in the financial year—whether monthly or lump sum, the total amount must not exceed **₹1.5 lakh** for the **80C deduction**.
#### 3. **Can You Claim the Full ₹1.5 Lakh?**
* Yes, you **can** claim up to **₹1.5 lakh** under Section 80C if you make the full contribution to your PPF account. Whether you deposit the amount in **lumpsum** or **monthly** installments, it doesn’t matter.
* Just ensure that your **total contribution for the financial year** (April-March) does not exceed **₹1.5 lakh**.
#### 4. **Interest and Maturity**:
* The **interest earned** in PPF is also **tax-free** and exempt from **Income Tax** under Section 10(11).
* The **maturity amount**, including the principal and interest, is also **tax-free**.
#### 5. **Best Investment Strategy**:
* Since your **school fees** (₹60,000) and **insurance** (₹35,000) are already covered, you still have approximately **₹50,000** remaining to fully utilize the **₹1.5 lakh** limit.
* I would recommend investing the remaining amount in **PPF**, as it is a **safe and tax-free option** with a **long-term benefit**. Additionally, it has **no risk**, offers tax-free interest, and you can easily manage monthly contributions.
---
### Other 80C Investments to Consider
In addition to **PPF**, here are other options you could consider for tax savings under **Section 80C**:
1. **Life Insurance Premium (LIC)**:
* You are already covering a portion of this. The **premium** paid for **life insurance policies** qualifies for deduction under **Section 80C**.
2. **National Savings Certificates (NSC)**:
* These offer **fixed returns** and can be a good option if you want a low-risk investment. The interest earned on NSC is also eligible for tax deductions.
3. **5-Year Fixed Deposit (FD) with Banks**:
* Tax-saving **fixed deposits** with a lock-in period of 5 years are eligible for 80C benefits.
4. **Senior Citizens Savings Scheme (SCSS)**:
* If you or your family members are senior citizens, this is a good investment with a **higher interest rate** than regular savings accounts or FDs. The maximum limit for tax-saving is **₹1.5 lakh**.
5. **Notified Mutual Funds (ELSS)**:
* **Equity-linked savings schemes (ELSS)** are good for higher returns over the long term, but they carry a certain **market risk**. The benefit is that they have a **shorter lock-in period** of just 3 years.
6. **National Pension Scheme (NPS)**:
* Though this is separate from **Section 80C**, contributions to **NPS** qualify for an additional deduction of **₹50,000** under **Section 80CCD(1B)**, over and above the ₹1.5 lakh limit.
---
### Conclusion
* For the **full ₹1.5 lakh** tax benefit under **Section 80C**, you can invest in **PPF**. You can contribute in any manner (monthly or lump sum) but the total contribution in the year must not exceed ₹1.5 lakh.
* You still have around **₹50,000** left to invest in **PPF** to maximize your 80C deductions.
* You can also explore other investment options like **NSC**, **FD**, **LIC**, **ELSS**, or **SCSS**, based on your risk tolerance and investment horizon.
Let me know if you need any further clarification!
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