res. sir I am confused which investment is coming in 80c for income tax.
mutual fund
recurring
s I p in any company tax free
n s s investment
etc..plz help me
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investment 80c
Replies (3)
Sip is not included in 80 c deduction
Here is quick chart of deduction from total income available under section 80C.
| Section | Eligible Assessee | Nature of deduction |
| 80C | Individual/HUF | General deduction for investment in PPF,PF,Life Insurance, ULIP, Fixed deposits for 5 years, bonds etc |
| 80C | Individual/HUF | Retirement plans form Mutual Funds |
| 80CCC | Individual/HUF | Pension Fund of LIC of India or any other private insurer |
| 80C | Individual/HUF | ELSS or Tax saver Mutual fund schemes |
| 80C | Individual/HUF | Paying EMI (equated monthly installment) on a home loan |
| 80C | Individual/HUF | Any amount paid as tuition fee for the education of first two kids |
| 80CCD | Individual | Contribution by an employee or any other individual towards notified pension scheme. |
Recurring deposits not included u/S 80 c
Only fixed deposit for five years included.
Only fixed deposit for five years included.
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