Deductions List on Investments under Section 80C

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Deductions List on Investments under Section 80C


Here are the various investments you can make to save tax under Section 80C of the Income Tax Act:

Investment options

Minimum lock-in period

Rate of interest

Associated Risk

NPS

Till the age of 60 years

8% to 10%

High

ELSS

3 years

Ranging between 12% and 15%

High

PPF

15 years

7.1%

Low

SCSS

5 years

8.2%

Low

NSC

5 years

7.7%

Low

ULIP

5 years

Ranging between 8% and 10%

Moderate

Fixed Deposit

5 years

Up to 8.40%

Low

Sukanya Samriddhi Yojana

21 years

8.00%

Low

Source - Bankbazaar

Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
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Deal Lieutenant Deal Lieutenant
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much needed to mention- applicable/available for individuals opting for old tax regime

Deal Cadet Deal Cadet
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Formatting is messed up in mobile app

Deal Newbie Deal Newbie
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My salary total income was 7.65 lakh so if I opt new tax regime then I have to pay 15k tax and if old regime is opted then I have to do investment any other option to pay 0 tax without investment 

Deal Subedar Deal Subedar
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Std ded - 50000

Prof tax -2400

Have u deducted all that from your gross sal?

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Deal Newbie Deal Newbie
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NPS comes under 80D right?

Deal Cadet Deal Cadet
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No, it is under 80CCD, this is actually 50K more deductible apart from 1.5L. 80D is for medical claims and insurances.
 

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