Articles deals with deduction under Section 80C of the Income Tax Act and explains who is eligible for deduction, Eligible Investments, Limit for deduction, who can invest for whom and time period for investment. 

Background for deduction under Section 80C of the Income Tax Act (India) / What are eligible investments for Section 80C:

Section 80C replaces the Section 88 with more or less same investment mix available in Section 88.  The new section 80C has become effective w.e.f. 1st April, 2006.  Even the section 80CCC on pension scheme contributions was merged with the above Section 80C.  However, this new section has allowed a major change in the method of providing the tax benefit.  Section 80C of the Income Tax Act allows certain investments and expenditure to be tax-exempt.  One must plan investments well and spread it out across the various instruments specified under this section to avail maximum tax benefit. Unlike Section 88, there are no sub-limits and is irrespective of how much you earn and under which tax bracket you fall.

The Maximum limit of deduction under section 80C is Rs 1.50 lakh from Financial year 2014-15 / Assessment Year 2015-16. Before FY 2014-15 the limit was Rs. 1 Lakh. Under this heading many small savings schemes like NSC, PPF and other pension plans. Payment of life insurance premiums and investment in specified government infrastructure bonds are also eligible for deduction under Section 80C.

Hand writing Tax Planning word with chalk

Most of the Income Tax payee tries to save tax by saving under Section 80C of the Income Tax Act.  However, it is important to know the Section in toto so that one can make best use of the options available for exemption under income tax Act.   One important point to note here is that one can not only save tax by undertaking the specified investments, but some expenditure which you normally incur can also give you the tax exemptions.

Besides these investments, the payments towards the principal amount of your home loan are also eligible for an income deduction. Education expense of children is increasing by the day. Under this section, there is provision that makes payments towards the education fees for children eligible for an income deduction.

Section 80C of the Income Tax Act is the section that deals with these tax breaks. It states that qualifying investments, up to a maximum of Rs. 1.50 Lakh , are deductible from your income. This means that your income gets reduced by this investment amount (up to Rs. 1.50 Lakh), and you end up paying no tax on it at all!

This benefit is available to everyone, irrespective of their income levels. Thus, if you are in the highest tax bracket of 30%, and you invest the full Rs. 1.50 Lakh, you save tax of Rs. 45,000. Isn’t this great? So, let’s understand the qualifying investments first.

A. Investments Qualifying for deduction under section 80C

i. Provident Fund (PF) & Voluntary Provident Fund (VPF):

PF is automatically deducted from your salary. Both you and your employer contribute to it. While employer’s contribution is exempt from tax, your contribution (i.e., employee’s contribution) is counted towards section 80C investments. You also have the option to contribute additional amounts through voluntary contributions (VPF). Interest is tax-free. Must Read-EPF Act 1952 vis-á-vis Income Tax Act – Tax Treatment of PF Dues 

ii. Public Provident Fund (PPF):

Among all the assured returns small saving schemes, Public Provident Fund (PPF) is one of the best. Interest is compounded yearly and the normal maturity period is 15 years. Minimum amount of contribution is Rs 500 and maximum is Rs 1,50,000. A point worth noting is that interest rate is assured but not fixed. Also the interest on Public Provident Fund (PPF) is exempt under Income Tax Act, 1961. Read more- Public Provident Fund Scheme, 2019- Detailed Analysis

iii. Life Insurance Premiums:

Any amount that you pay towards life insurance premium for yourself, your spouse or your children can also be included in Section 80C deduction. Please note that life insurance premium paid by you for your parents (father / mother / both) or your in-laws is not eligible for deduction under section 80C. If you are paying premium for more than one insurance policy, all the premiums can be included. It is not necessary to have the insurance policy from Life Insurance Corporation (LIC) – even insurance bought from private players can be considered here.  Read More-Life Insurance Premium- Tax benefit on Payment and Maturity.

iv. Equity Linked Savings Scheme (ELSS):

There are some mutual fund (MF) schemes specially created for offering you tax savings, and these are called Equity Linked Savings Scheme, or ELSS. The investments that you make in ELSS are eligible for deduction under Sec 80C. Read More-Section 80C – Investment in Equity Linked Savings Scheme (ELSS) 

v. Home Loan Principal Repayment:

The Equated Monthly Installment (EMI) that you pay every month to repay your home loan consists of two components – Principal and Interest.The principal component of the EMI qualifies for deduction under Sec 80C. Even the interest component can save you significant income tax – but that would be under Section 24 of the Income Tax Act. Please read “Income Tax (IT) Benefits of a Home Loan / Housing Loan / Mortgage”, which presents a full analysis of how you can save income tax through a home loan.-Income Tax Benefits from House Property and Loan

vi. Stamp Duty and Registration Charges for a home:

The amount you pay as stamp duty when you buy a house, and the amount you pay for the registration of the documents of the house can be claimed as deduction under section 80C in the year of purchase of the house.

vii. Sukanya Samriddhi Account :

Sukanya Samridhi Account’ can be opened at any time from the birth of a girl child till she attains the age of 10 years, with a minimum deposit of Rs 250. A maximum of Rs 1.5 lakh can be deposited during the financial year. Interest on this account is fully exempt from tax in the year of accrual as well as in the year of receipt. Sukanya Samriddhi Account meaning Girl Child Prosperity Scheme is a special deposit scheme launched by Prime Minister Narendra Modi on 22 January 2015 for girl child. The details of this scheme is as under:

  • Per girl child only single account is allowed. Parents can open this account for maximum two girl child. In case of twins this facility will be extended to third child
  • Minimum deposit amount for this account is ₹ 250/- and maximum is ₹ 1,50,000/- per year
  • Money to be deposited for 15 years in this account.
  • Interest  is calculated on yearly basis ,Yearly compounded.
  • Passbook facility is available with Sukanya Samriddhi account.

Read More- Sukanya Samriddhi Account Scheme, 2019- Detailed Analysis

viii. National Savings Certificate (NSC) (VIII Issue): 

NSC is a time-tested tax saving instrument with a maturity period of Five Years.  Interest is Compounded Yearly. While the minimum investment amount is Rs 1000, there is no maximum amount. Premature withdrawals are permitted only in specific circumstances such as death of the holder or on forfeiture by a pledgee or when ordered by a court. Investments in NSC are eligible for a deduction of upto Rs 1,50,000 p.a. under Section 80C. Furthermore, the accrued interest which is deemed to be reinvested qualifies for deduction under Section 80C. However, the interest income is chargeable to tax in the year in which it accrues.

Read More- National Savings Certificates (VIII Issue) Scheme, 2019- detailed Analysis

ix. Infrastructure Bonds:

These are also popularly called Infra Bonds. These are issued by infrastructure companies, and not the government. The amount that you invest in these bonds can also be included in Sec 80C deductions.

x. Pension Funds – Section 80CCC:

This section – Sec 80CCC – stipulates that an investment in pension funds is eligible for deduction from your income. Section 80CCC investment limit is clubbed with the limit of Section 80C – it means that the total deduction available for 80CCC and 80C is Rs. 1.50 Lakh. This also means that your investment in pension funds upto Rs. 1.50 Lakh can be claimed as deduction u/s 80CCC. However, as mentioned earlier, the total deduction u/s 80C and 80CCC can not exceed Rs. 1.50 Lakh.

xi. 5-Yr bank fixed deposits (FDs):

Tax-saving fixed deposits (FDs) of scheduled banks with tenure of 5 years are also entitled for section 80C deduction.

xii. Senior Citizen Savings Scheme 2004 (SCSS):

Senior Citizen Savings Scheme (SCSS) is the most lucrative scheme among all the small savings schemes but is meant only for senior citizens. Interest Senior Citizen Savings Scheme 2004 is payable quarterly instead of compounded quarterly. Thus, unclaimed interest on these deposits won’t earn any further interest. Interest income is chargeable to tax. The account may be opened by an individual,

1. Who has attained age of 60 years or above on the date of opening of the account.

2. Who has attained the age of fifty-five years or more but less than sixty years, and who has retired on superannuation on the date of opening of the account.

3. Retired personnel of Defence Services (excluding Civilian Defence employees) shall be eligible to open an account under this Scheme on attaining the age of fifty years subject to the fulfilment of other specified conditions

Read More- Senior Citizens’ Savings Scheme, 2019- Detailed Analysis

xiii. Amount Contributed (for a fixed period of not less than 3 years) by a Central Government employee to his NPS (Tier –II) account (Applicable from the Assessment Year 2020-21):

A recent addition to section 80C list, the contributions made to Tier-II NPS account will become eligible for deductions u/s 80C of the Income Tax Act provided that the amount deposited is not withdrawn before completion of three years from the date of deposit. Further, please note that for other NPS subscribers (other than Central Government employees), there will not be any 80C benefits on contribution made to Tier-II account.

xiv. 5-Yr post office time deposit (POTD) scheme:

POTDs are similar to bank fixed deposits. Although available for varying time duration like one year, two year, three year and five year, only 5-Yr post-office time deposit (POTD) qualifies for tax saving under section 80C. Interest is compounded quarterly but paid annually. The Interest is entirely taxable.

xv. NABARD rural bonds:

There are two types of Bonds issued by NABARD (National Bank for Agriculture and Rural Development): NABARD Rural Bonds and Bhavishya Nirman Bonds (BNB). Out of these two, only NABARD Rural Bonds qualify under section 80C.

xvi. Unit linked Insurance Plan :

ULIP stands for Unit linked Saving Schemes. ULIPs cover Life insurance with benefits of equity investments.They have attracted the attention of investors and tax-savers not only because they help us save tax but they also perform well to give decent returns in the long-term. All About Unit-linked insurance plan (ULIP)

xvii. Others:

Apart form the major avenues listed above, there are some other things, like children’s education expense (for which you need receipts), that can be claimed as deductions under Section 80C.

B. So, where should you invest for Section 80C Deduction?

Like most other things in personal finance, the answer varies from person to person. But the following can be the broad principles:

Provident Fund: This is deducted compulsorily, and there is no running away from it! So, this has to be the first. Also, apart from saving tax now, it builds a long term, tax-free retirement corpus for you.

Home Loan Principal: If you are paying the EMI for a home loan, this one is automatic too! So, it comes as a close second.

Life Insurance Premiums: Every earning person having dependents should have adequate life insurance coverage. (For more on this, please read “Life after life – Why you should buy Life Insurance”) Therefore, life insurance premium payments are the next.

Voluntary Provident Fund (VPF) / Public Provident Fund (PPF): If you think that the PF being deducted from your salary is not enough, you should invest some more in VPF, or in PPF.

Equity Linked Savings Scheme (ELSS): After the above, if you have not reached the limit of Rs. 1,50,000, then you should invest the remaining amount in Equity Linked Savings Scheme (ELSS).

Equities provide the best, inflation-beating return in the long term, and should be a part of everyone’s portfolio. After all, what can be better than something that gives great return and helps save tax at the same time?

C. When to Invest for Section 80C deduction?

Many of us start looking for investment avenues only in February or March, just before the Financial Year is getting over. This is a big mistake! One, you would end up investing your money without putting proper thought to it. And secondly, you would end up losing the interest / appreciation for the whole year. Instead, decide where you want to make the investments, and start investing right from the beginning of the financial year – from April. This way, you would not only make informed decisions, but would also earn the interest for the full year from April to March.

(Republished with amendments)

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Company: Taxguru Consultancy / Taxguru Edu
Location: Mumbai, Maharashtra, India
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More Under Income Tax


  1. Ashok Dhaker says:

    I have bought a policy in June 2020 and claimed benefit in FY 19-20.
    Can I get the benefit of Renewal premium of that policy for FY 20-21 as it will due in in June 2021

  2. rakesh kumar says:

    any one can tell me if an employee made his general provident fund subscribed Rs.450000 in a financial year, his wife can claim saving of husband’s GPF under section 80c for her tax purpose or otherwise

  3. Rakesh Kumar says:

    I am a Central Government Employee and contributed my Provident Fund Rs.4,00,000/- for the financial year 2019-20 and only Rs.150000/- claimed under section 80c. My wife is also working in private sector and she has no separate savings under section 80c. Can she claim Rs.1,50,000/- u/s 80c out of my total subscription of Rs.4,00,000/- subscribed by me through my salary or otherwise. please clarify.

  4. Sushil Kumar says:

    I invested Rs 1500000 in scss on feb 2019 but not shown in itr on ay2019-20. Can i take tax exempt under 80c in this ay 2020-21. Please guide me.

  5. devesh kumr nautiyal says:

    how I can save my income tax .my total taxable income 705000.00 gpf deduction 360000(30000/month) insurance ded 728/month

  6. Deepak Kumar Shrivastava says:

    One person having SCSS (Senior Citizen Saving scheme) got it extended for three years and wishes to take exemption under 80c for tax benefit. Whether he eligible for the said rebate?

  7. R Viswanathan says:

    I am a central government pensioner. I would like to know the following. If I deposit Rs. 1.50 lakhs under Senior citizen service scheme for a particular year and claim tax exemption under 80C in that year, can I close prematurely after one year by incurring 1.5 percent penalty without loosing the 80C benefit. The doubt is that the scheme has 5 years locking period. Kindly reply.

  8. Tusar Mohanty says:

    Thanks for the information. The article is full of information. What about the declaration of Govt about extra saving of Rs. 50,000/- in case of NPS or Atal Pension Yojana ?

  9. CA. S.C.Podder says:

    Read carefully / invest properly = that is tax planning
    The above write up is self explanatory ,
    Join in forum for your specific queries .
    Don,t jump to earn extra income in excess of earning with out knowing the details of Specific Bonds / mutual funds etc ( Lucrative monthly earning ) to meet the family expenditure etc. All are risk factors for the market condition .
    Well written details -Tax planing

  10. G R Jagadeesh says:

    by 2014 i have invested Rs 100000/ in RID Tax Saver Scheme Sr Citizn in State Bank of Mysore. Lock in period is five yrs. I have to get back my money as am not liable to pay Income tax as my total income will not exceed 3,60,000/ per annum. pls suggest the way out .
    Only my untimely death before the completion of five yrs will be making nominee eligible for that money. I can not take back money deposited in tax saver scheme before five yrs

  11. Abhas Verma says:

    Me and my mother are joint ownerrs in a Flat , we paid for the registration fee and Stamp Duty Rs. 2lakh fifty thousand in September 2016 . The amount was paid by a DD in my mother’s name . Can I claim an exemption of 1 lakh in 80C ?

    Can you please guide me . Your help will be highly appreciated

  12. Manish Hinger says:

    I fully agree with these notes, when it comes to tax saving SIP is also one of the best option for tax saving. Just like there are taxes saving government securities, FDs, there are also tax saver mutual funds to cut down your tax bill,
    one of which is ELSS SIP’, i.e., Equity Linked Saving Scheme. However, the according to section 80C, the maximum limit of investment is up to Rs. 1 lakh.

  13. EDWINA DSOUZA says:

    Is the NSC to be purchased every year to save tax. I have bought NSC last year and claimed exemption from saving tax and the same can be shown in this year or i should apply for new one. Whether the Fixed Deposits also to be bought every year.

  14. Surender Singh Dagar says:

    If any female got flat as a alimony after transfer of this property on her name do she need to pay income tax on difference of circal rate (2) after some time she sold it out and purchased small flat in this transaction also do she need to pay tax please clear

  15. Pearl Xavier says:

    HI, I would like to know if I could claim Tax exemption with 80C for 1.5 lakhs as I have PPF, LIfe Insurances (3 nos), LIC, PF ( as all comes under 80c.).

  16. Rajendra Savant says:

    One query
    Insurance premiums paid by father on the policy of the major son without PAN card, premiums exceeded Rs 5000 LIC asked for Pan card of son. What to do?

  17. vipin kumar says:

    me and my brother have joint housing loan. the principal amount paid is about 95000 this year.. can i claim the whole amount as deductions under 80C, when he (my brother) is not claiming the same under section 80C… or it is to be divided equally as per our share in property?

  18. CA Shubham Parasar says:

    Eligible Premium under Sub-section (3) and (3A) of 80C of Income Tax Act,1961 For regular Life Insurance Policies is 10% of Capital Sum Assured so in you can claim deduction of 30 K only i.e. 10% of 300000.

  19. CA Shubham Parasar says:

    Eligible Premium under Sub-section (3) and (3A) of 80 C of Income Tax Act,1961 For regular Life Insurance Policies is restricted to 10% of capital sum assured. So you can claim 10% of 300000 i.e. 30000 only.

  20. chaitanya says:

    I took a life insurance this year and i am paying a premium of 80K anually and the sum assured is 300000. how much can i claim under 80C

  21. Amit says:

    You could invest additional of 50k under NPS (new pension scheme). This is eligible for deducution under 80 CCD (1B). also any medical insurance premium or health insurance premium can be claimed under 80D.

  22. Suresh says:

    Hi taxgurus,
    I need your help to file tax and reduce the amount that i pay to i.t
    Actually i am getting 1200000 rs total salary
    How i will reduce my tax where and how much i invest on tax saving schemes.please help me. I plan to buy some Agri land trough bank loan. Is it help me to reduce tax

  23. Dhiraj Wala says:

    I have purchased a house in Oct 2016 and have paid Rs. 145000 as Stamp Duty and Registration fee. Can the benefit of deduction for payment of Stamp Duty and Registration Fee paid for purchase of house be claimed Under Section 80C with overall limit of Rs. 150000?


    Sorry. The author is out of date with interest rates on various schemes.
    Example – Senior Citizen Savings Scheme is 8.50% w.e.f 01 October, 2016

  25. Khatri Narinder says:

    I need clarification u/s 80C(3) & also I want to know what will be my payable tax, if my income is 500000 & i have done investment in life insurance policy – premium of Rs.50000/-p.a in hdfc life insurance – regular pay.

  26. chandan says:

    would like to know below that how much is the cap that can be saved
    annually max under 80c tax by elss and for that how much needs to be
    invested annually

    * i fall over 30% tax bracket

    see that for AY 2015-16 the tax calculator shows ELSS tax saving amount
    (80c) is showing a cap of 25000/- max(50% of annual elss investment
    amount 50,000/-)

    this true for current financial year(2015-16) , i.e AY 2016-17 as well
    which means i ( being in 30% bracket) can save by ELSS max upto 25,000
    only with required investment 50,000/- annual(elss) ?

  27. Aseem Juneja says:

    Dear All,

    For all your queries related to Savings or Investments, I request you to please call or mail on the below mentioned contact details.

    I will be happy to help you and hope will be able to solve your queries in order to start your monthly savings & investments.

    Aseem juneja
    Financial Advisor
    Tel : 8860007079
    email : [email protected] , [email protected]
    Location: New Delhi

  28. ashok nagvenkar says:


  29. N Dheenadayalan says:

    Need clarification wheather HL principal deduction u/s80C is admissible if the loan is for second home? We have taken the second loan for a new home after retirement.

  30. sonu sagar says:

    Dear All,

    For all your queries related to Tax , Savings or Investments, I request you to please call or mail on the below mentioned contact details.

    we will be happy to help you and hope we will be able to solve your queries.


    sonu sagar

    Financial Consultant

    vfn group

    Tel : 9711251211

    email :[email protected]

  31. sonu sagar says:

    dear vijay singh you can claim all your amount which recipts is made under financial year 15-16 are eligible for claim. if your employer asked for recipt of lic payment you just given the declaration

    for further clerification call-9711251211 (sonu sagar)

  32. D.Ganguly says:

    I need to invest 30000 more this year to complete deduction of Rs.150000 under 80c. My wife is a housewife without any taxable income. Is it possible for me to get the tax benefits, if I invest that 30000 on her name?

  33. Ghanshyam Sahoo says:

    No, Deduction u/s 80C related to life insurance premium is restricted to own children only. she will not get the deduction for grand daughter.

  34. GDM says:

    Home loan principle repayment also qualifies for tax rebate u/s 80C but is it restricted exclusively to the principle portion of EMIs paid during the FY or even lumpsum repayment of say 25K /50K during the year will also qualify under limit of 1.50 lacs u/s 80C

  35. moorthy BV says:

    we are dealing compressors. some of our clients are not paying VAT on the freight paid by us while despatching their orders. They claim that the VAT is payable only on the price of goods sold. Whether their claim is correct
    Our billing is cost of product+ freight+ VAT at 14.5% on the total of cost and freight. Please clarify

  36. MANISH PANCHAL says:

    Can anyone guide me where I have to invest money so I can get good regular income after my retirement. My age is 45 years and my salary is 95000 per month.
    yearly I deposit Rs.50000 in PPF, Rs.60000 in PF, Rs. 100000 in LIC and I purchase 20 gram gold every here But I dont have any idea where I have to invest money so I can enjoy my life after retirement. After all above investment I can invest more Rs.10000 per month.

    Please guide me,

  37. jaswinder says:

    I have a question i have a daughter of 10 yrs and her grandmother is paying the premium in life insurance will she get the rebate for her granddaughter or grandson

  38. N Sinha says:

    Can a Long term Capital gain amount accruing by virtue of sale of property which was held by single person be invested in a joint property which he and his wife bought 6 months before making this Capital Gain?

  39. N Sinha says:

    I had a joint property along with my wife on which we made a Short term Capital Gain of Rs. 10 Lacs after selling it. How is the Capital gain to be distributed between both of us?

  40. N Sinha says:

    I bought a house for Rs. 20 Lacs and also paid lease rent of Rs. 50000 on the same. I spent 3 lacs on furnishing the house for which I do not have bills. I sold the house within 3 years of purchasing it at Rs. 30 Lacs. Now for calculating Capital Gain tax, Can I :-
    (i) Include lease rent paid in the cost price of the flat?
    (ii) Can I show Rs. 3 Lacs spent by me on furnishing the house for which I do not have bills now in the total purchase price?

  41. MANGAT RAM JOLLY says:



    I was claiming home loan principle amount under section 80C & interest under section 24 for own home but due to company transfer now I am living in rented home at another city. So can I claim rent amount under any section?

  43. R A SRINIVASU says:

    sir,please tell me about im a banking employee gross salary 23600 ,income tax deducting 1113 every month,some what increasing gross salary every month like 24000 to 25000,please tell how much premium i have to pay for new LIC COVERING 330000 PA NOW,WHEN IT WILL BE APPLIED,MY PHONE NUMBER 9573394942

  44. veeresh juluru says:

    Is 80C applicable on stamp duty and registration charges fo both self occupied and let out property?

    Uder 80C i didnot find any row with respect to stamp duty and registration charges. where to include this.


  45. vijay singh says:

    Hi Sir,

    Need your help urgently
    My employer has asked me to submit the LIC proofs for (2015 -16)
    I pay my LIC permium in 2 slots.
    1st in Sept – 50k.
    2nd in Jan Feb March – 50 K.
    Now I only have E Reciept of 1st Preimum.

    So, can I upload the receipt of only 1st premium mentioning 1lac and then claim the rest in Income tax file return.

    Please suggest me the right procedure.

    Vijay Singh

  46. Vikrant sharma says:

    I have 3 LIC policies having total premium 42170{17134+16153+8883} with sum assured 5lakh-5lakh-2lakh and policies are new bima gold, bima gold and Endowment assurance policy.
    I paid around 43 k premium{with late fee} in april month and will pay 2016 premium in feb 2016.
    So my quiry is whether i would get tax deduction for Rs.85000(for both installment) or only for Rs.42170 in financial year 2015-16.

  47. P says:

    repayment of loan taken for repair of a residential flat owned by himself whether it is liable for deduction(both Interest as well as principal) if yes than under which section? & how much?

  48. Virendra singh says:

    My SCSS-2004 a/c matured after completion of its term(5 years)in August 2015 and as permissible in SBI Ihave renewed/extended for 3years,maximum permissible period pse reply whether this amount will be eligible for deduction under 80C of IT act in FY 2015-16

  49. MANINDRA SINGH says:

    I have two LIC policy.1. Jeevan Surahbi and 2.Endowment policy. I can’t understand how these effect tax savings ? Which policy includes which tax saving schemes (80C or 80CCC)?

  50. Name says:

    Sir, I have purchased open plot in the FY 2014-15 and started construction residential building on it during the same year. Can I claim deduction u/s 80C on the stamp duty spent on purchase of house site.

  51. Mohit says:

    hello sir
    i have an FD in PNB of 1,00,000/- for 8 years. on maturity value is 181203 @7.5%. Will bank deduct TDS for whole interest of 8 years or for each financial year? if yes then how can save tax. May this FD come in 80C category.

  52. C.D.Hingu says:

    when deduct my deduction amount from my salary account that time Medical reimbursement and HRA amount not deduct and also i am paying rent every month to home owner and medical bill pay to doctor, so i have a question Medical reimbursement and HRA not earn, so way it is deducted?
    regarding,The Medical reimbursement and HRA deducted amount or not?
    if no please give me reason,
    I am state government officer.

  53. ASEEM JUNEJA says:

    Dear All,

    For all your queries related to Tax , Savings or Investments, I request you to please call or mail on the below mentioned contact details.

    we will be happy to help you and hope we will be able to solve your queries.

    Aseem juneja
    Financial Consultant
    Chatur Investment
    Tel : 8860007079
    email : [email protected] , [email protected]

  54. Anil says:

    Hi Sir,

    If I deposit 50k on 5 yr Post office scheme, how will it be calculated on this year’s tax?. Is it 50k itself or 10K ? .

    Also If I join a LIC for 3 year scheme, is that same logic like above? .

    Please let me know.


  55. rabiul rahaman says:

    I have booked a flat which is under construction. I have done registration of the flat on july 2015, and paid registration fees.I will get the possession of the flat next year i.e. after November 2016.can i avail benefit under 80c in current F.Y. 2015-2016

  56. ani kumar meena says:

    i purchased new flat for that payment (including service tax) is done on 24/03/2015 i.e financial year 2014-2015 and stamp duty for the same is paid on 5/06/2015 i.e financial year 2015-2016. Now my question is in which financial year i can get rebate for both stamp duty and tax on flat cost paid by me under section 80c

  57. H.N.Mohan says:

    purchased LIC Endowment policy ,on my grand daughter name premium is 59683.00. pl inform whether can avail the premium amount under 80c benifit ?

  58. Pravin Bagwe says:

    I had purchased a house in June 2014 and have paid stamp duty and registration fees in Jun 2014. The possession of my house is in May 2016. Can I claim the stamp duty and registration fees under section 80 C this year?

  59. S.ANIL KHAMBE says:

    Hi sir, My salarie as 600000 per year how much shuold show as tax 80c

    I had fixed 250000/- in post office month of June 2015 for one year & My wife’s name

    can i show in tax 80c, Sir please make now.

  60. Ramya says:

    post office 5yr fd is Rs.500000 80c Covered but this amount. 80c deduction amount deducated yearly are one year deducating this amount.

  61. B L Gehlot says:

    Please inform me whether I am retiring from service in month of feb 2017 and where amount deducted from my salary on account of PF/VPF is qualified for tax exemption as all my retrials benefits to be received on 01st of March 2017

  62. Kundan Lal says:

    I have opened sukanya samradhi account for my daughter and her mother is gardian in that account.
    Can i take tax benefit under 80C(as i am depositing money from my salary)D T6 or only my wife is eligible for tax exemption?

  63. shrinivas says:

    i have a question regarding the medical treatment that is taken in clinic or hospital for the family and for self, has tax rebate in section 80c.Does it have any ceiling limit for the expenditure incurred upon medicals.

  64. bhoomija says:

    I have another question not entirely related. I would like to know that if i have only capital gains income from equity which is less than my investments in 80C than what is the tax implication. For example i have invested 1.5L in ELSS and my income from short term capital gain from equity is 1.4L. Do i need to pay any income tax at all??

  65. Geeta Saxena says:

    My son has purchased the policy, Can i get income tax rebate on that policy’s amount . My son is in service and he is 40 years old.

  66. Geeta Saxena says:

    I have a question regarding income tax rebate in section ATC. My son is in service. I am pensioner so I cant have an insurance. I want to get the insurance of my son so that I can have income tax rebate. Is this possible?.

    An early response will be appreciated

  67. varghesae mathew says:

    I have paid Rs. 1.20 lacs as tuition fee for the education of my child during the FY 2014-15. Whether I can claim the full amount u/s. 80C or is there any ceiling for claiming the tuition fee?

  68. Muralidaran says:

    Dear Sir,

    I forgot to show my investment(LIC) made on Feb 2014, under section 80c last year(2013-2014. Is it possible to show it now for 2014 – 2015 March and get the 80c benefit.

  69. anita says:

    sir ,

    is registration and stamp duty fee paid on home purchase if paid from capital and not taken loan is exempted from 80cc pls clarify.


  70. Ankit says:

    Sir, I have a LIC in my name whose premium is 1,44,000. My total income in FY 14-15 is 856087. I have left my job in August 2014. This years premium has been paid by my parents as dont have that much money. Can I still use this amount in 80c to reduce my taxable income?

  71. Sukanya says:

    Hi sir,Myself Sukanya. My annual income is about 6,25,000 per year, and I am paying LIC Premium 20,000 per year, so how much tax I have to pay in 2015 under 80c.

  72. meena says:

    This is regard to ppf account.I have deposited for financial year 2014-2015 twelve months Rs 50000.Ihad made a deposit every monthand complted 12 months.Now I want to turther deposit 50000 this month to avoid tax .If I deposit 50000this month will I get exempted from deduction of tax for 50000/-it will be 13 th instalment.

  73. Om Prakash Mandoloi says:

    I have Grand child. She is dependent on me. I pay her school fees. Whether I am eligible to take Income tax deduction under 80 c of educaiton fees

  74. Vishakha says:

    I have Question that I purchased 1 LIC policy for this polict premium payment is quarterly. but due to some personal problem i could not pay premium for last 2 quarters. but 1st 2 Quarters premium i have paid. can i take Income tax benefit for that paid premium?

  75. Vishakha says:

    I have Question that I purchased 1 LIC policy for this polict premium payment is quarterly. but due to some personal problem i could not pay premium for last 2 quarters. but 1st 2 Quarters premium i have paid. can i take Income tax benefit for that paid premium?

  76. nms says:

    Dear sir,

    I have spent Rs.100000 for education for my children.This is inclusive of tution fees and books expense. Is it eligible book expense under 80cc?
    Pls reply….


  77. jatinder says:

    sir I have paid Rs. 5 lacs towards tuition fees of my spouse. Sir is it eligible for exemption under section 80C, as the section talks about the tuition fees paid for children and not for spouse.
    Thanks n regards.
    Jatinder Singh

  78. kamlesh says:


    I have booked a flat which is under construction. I have done registration of the said flat and paid the registration fees and stamp duty. I will get the possession of the flat next year ie after May 2015 tentatively. Can I avail benefit under 80C in current financial year.
    Please reply

  79. T.T. Nair says:

    T.T. Nair, Mumbai

    Sir I am a retired person. I have invested 9 lakhs from my retirement benefit in the Post Office MIS Scheme The monthly interest is diverted to Cumulative Term Deposit ( 5 Years) for 5 years. I want to know whether the MIS interest is taxable or not; even though the same is deposited to 5 year CTD in the Post Office. Also On maturity of CTD, whether the amount is taxable or not. Please reply An early reply is highly solicited. ( 9967514381 )

  80. Nilesh Shukla says:


    Just wanted to clarify one doubt.

    Is Infrastructure bond still liable for tax exemption under 80C? I read on other sites and they have mentioned that its not considered since FY 2012-13.

    Please clarify and update the post.


  81. H.B.Trivedi says:

    I an senior citision . I want to get benifit of 80-c with maximum rate of interest and less period with minimum TDS. pl answer me on m. no 9428246792
    sorry for the trouble given to you

  82. gangadharan says:

    Repayment of house loan during the FY comes to Rs 3lakhs as principal and Rs66000 as interest.GPF contribution is Rs60000 and Tuition fee remitted is Rs 24000.How can I distribute this amount for tax dedution

  83. Ashish Batra says:

    Sir if i deposit a amount in my wife PF account,
    Tell me whether i am eligible for claiming deduction under section 80C of the amount deposited by me in my wife’s PPF account

  84. suman says:

    I sold my house in November2014 in 9.5 lakh which I have bought in 2010,June in 9lakh. I am a government employee what is the procedure to show this in my income tax return and what is the calculation

  85. Sreelatha says:

    Dear Sir,

    My question is : I am working and avail HRA. Recently I have bought a ready flat in my home town (where I am not staying) for which I have paid stamp duty and registration charges and also have availed a home loan.

    So can i avail the benefit of HRA against rent paid by me for my rented house & Can I avail the benefit / deduction under section 80C for the stamp duty and registration expenses and interest paid for home loan too?

    Please clarification.


    Dear Sir,

    Kindly clarify whether the contribution made to my wife’s PPF account qualifies for IT exemption under sec 80c for me.

  87. Sanjay Wange says:

    Both or husband or wife avail to. deduction only both are divide to loan amt & give declaration to employer then any body who need are eligible to get deduction under 80c & 24.

  88. Priya Jain says:

    If a loan is taken by husband and the payment is being made by wife and also wife is the owner of the property. Who is eligible for deduction u/s 24(b) u/h House property?

  89. Rachna Singh says:

    If husband has taken loan from the bank and wife is paying interest and principal amount.Who can avail the deduction related to this loan?

  90. Shridhar says:

    For filling IT details for finical year 2014-2015, its usually done in moth of Jan in our firm, I have a doubt, for Sec80C the PPF account which can be availed, but it can been shown till month of Jan only for month Feb and March it not able to show, I want to how can avail that benefit while filing the IT returns in month of July, what’s the procedure, documents required and date?
    Pleae help me with it.

  91. Shahaji Bhosale says:

    I have purchesed second flat. First flat is occupied by self & second flat is given on rent. Can I get the tax benefit on the stamp duty & registration charges paid for second flat. Is it covered under 150000/- or can apply seperatly.

  92. salim khan says:

    Dear TaxGuru,

    I am buying a flat for self use which is under construction and the posseion will be by Dec 2016. I will be doing my stamp duty and registration on 10 Feb2015. I would like to know whether I can show the cost of stampduty and registration in 80C for this finicial year.

    Please guide me.

    Thank you very much in advance.


  93. Durga Vaidyanathan says:

    respected sir,
    i’ve a question:-
    In the IT form it is mentioned under ”7.DEDUCTION UNDER CHAPTER VI-A”- ”J. Tution fees for education of children”, but you’ve mentioned under ”others” that ”Apart form the major avenues listed above, there are some other things, like ”children’s education expense” (for which you need receipts), that can be claimed as deductions under Section 80C.”, what do you mean by, ”children’s education expense” in this? whats the difference between this both.

  94. Khanjan JM says:

    kindly tell me whether all type of SIP investment invested for more than one year are tax exempted u/s80 of IT Act or not?
    with regards,
    Khanjan JM

  95. sanjay wange says:

    I am taking decision to invest Rs 20000 under section 80 c , after maturity income is tax free.
    Please suggest me better equity funds.

  96. Ilesh says:

    Dear Sir,

    I have query that in under construction House.If we have taken the loan.Can we claim principle amt and interest paid to bank if we have not get the possessions till now.

    Pls revert.


  97. raj says:

    1. LIC insurance payment made by father in behalf of son (upto which age or there is age limit) while income tax exemption under 80C.
    If yes then LIC Payment receipt is sufficient document, submit for proof?
    2. If mediclaim/health insurance policy purchased in the name of son and premium paid by father is eligible for exemption under 80C or not?
    3. In case of government employee upto which date we have to submit exemption document & how?

  98. sandipan says:

    Hi, I have puchase a flat with my wife as partner.My wife is in Govt,. secvice ,and she want 80 c deduction in tax saving as Registration and stamp duty. In the receipt the client name is as ” sandipan and other” and no name of my wife in receipt of registration and stam duty of as second owner.My she have to submit the certified copy of deed or xerox copy of sale deed where the name of second owner is dictated.
    Either both can or only my wife can claim the deduction?
    please give me suggestion…..

  99. pramod says:


  100. jay says:


    Can i show my cousins LIC insurance payment under 80C section while income tax exemption, which is always done by me?
    If yes then what document i need to submit for proof?


  101. Makhan Jhaver says:

    Pl inform if HUF can take Life Insurance Policies for any coparcener ( Karta, Karta spouse, karta children , karta Grandchildren ) and whether this is exempt under Sec 80-C –

  102. Makhan Jhaver says:

    Pl inform if Life Insurance Policies can be taken by Grandparent for Grandchild ( child, minor , teenager ) – Is this eligible for exemption under Sec 80-C or not exempted. Sec 80-C is not clear .

  103. Makhan Jhaver says:

    Pl inform if Life Insurance Policies taken for Adult son / married daughter are exempt under sec 80-C – In sec 80C the point is not clear and hence clarification required.

  104. Ratan Lal Prajapat Dailana Kalan Pali Rajasthan says:

    Dear Sir,

    My Question is that I Have Fix Deposit Amount Term is 3 years
    Can I take Take this amount in 80c
    Please advise me or please call on 09480428071

  105. m.c.arya says:

    I am taking rebate on home loan since 2008 and I have taken again home loan in 2012 against extantion part construction (in same home) .Can I get rebate on both loans under section 80C& section 24.

  106. pratham says:


    what is mean by when we say that a particular mutual fund scheme is with 80c benifit. Is it return wuold be rebated or money will be rebated that we going to pool in mutual fund.

  107. pratham kumar says:

    sir, what comes under 80c of income tax in mutual fund is it return wuold be rebated or money that we going to pool in mutual fund. what will be rebated when scheme is ELSS when i will file ITR

  108. MAhwash Rahat says:

    Can you please tell me how to claim Section 80 IA deduction. What is the procedure for the same. Its my first time when I am handling this type of work. So what all documents are required for the claiming it

    Thanks And Regards

  109. K Kashish says:

    I have a question. sir, my husband has a policy for our child(last year) in his name but now he has left his job & i am paying his entire premium(quarterly). He has never claimed this insurance in his tax-benefit. I am also working. Can i show this LIC premium for my tax benefit scheme.

  110. Durga Prasad Agrawal says:

    I Durga Prasad Agrawal (CFP:Certified Financial Planner).

    I have complete financial solutions with proper “Tax Relief” under Income Tax Act. Best Investment Planning with relevent section like 80’C & 80’D.

    YOU can contact for the same:Life Insurance, Mediclaim, Mutual Fund (SIP/Lumsum), Income tax Return (Online) and all other online services.
    And also contact for Company Secretary and Chartered Accountant office work.


  111. Raj Panda says:

    Respected Sir,
    I already submitted Rs.1,50,000/- in my PPF account in 2014. This account opened in 2013. My questions are –

    1. Can I invest my money in NSC? If the answer is yes, then is it tax free when I will get the mature amount after 5 or 10 years later on interests???

    2. Will I have to pay tax on the interests of my PPF account after mature in the end of the year 2028???

    3. Now how can I invest money???

    Plz give me some suggestion….. I have till 5 months salary….. Now I want to invest the money of my next months salary…..

    Note : I already saved Rs. 1,15,000/- in my saving account as Fixed Deposit with the help of MOD facility for one year in this year also…..

  112. Manoj Kumar Ash says:

    Please guide us regarding 80C, Any amount that you pay towards life insurance premium for yourself, your spouse or your children can also be included in Section 80C deduction –

    Please inform me whether any person can claim for LIC premium paid by him for his Adult Son or Married daughter also? What are the guidelines?

  113. N. Satya Narayana says:

    Respected sir,
    my self is a Senior citizen and income tax payer.

    I want to know that the education fees for children is also entitled for claim rebate u/s. 80C.

    Now my question is that, my grand son who is staying with us and i will deposit the education fees for Rs. 60,000/- for his higher studies, can i claim the deposit amount in the income tax rebate U/s. 80C.of the IT Act ?

    the parents of the child is not claimed the Education fees in their income tax return.

    plz clarified my doubt and give the answer in my mail ID – [email protected] at an earliest date

    thanks with regard,
    Satya Narayana N

  114. Vijay Chaudhari says:

    Dear Sir,

    I appreciate your social service of answering their queries and helping them.

    My question is : I am working and avail HRA. Recently I have bought a ready flat (where I am not staying) for which I have paid stamp duty and registration charges and also have availed a home loan.

    So while availing benefit of HRA against rent paid by me for my rented house where I stay, Can I avail the benefit / deduction under section 80C for the stamp duty and registration expenses and interest paid for home loan under section 24 ?

    I would be obliged with your clarification.

    Thanks a lot,

    Warm Regards,

    Vijay Chaudhari

  115. v k naidu says:

    I am working in a PSU residing in quarters provided by the organization.My D.D.O calculated perquisite amount wrongly on higher side and deducted higher TDS. He issued Form 16 with the wrongly calculated perquisite amount. He is not willing to correct FORM 16. My auditor says Form 16 should be corrected otherwise we cannot claim refund. Till date I have not filed my I.T returns.please advise me

  116. Nirmal De says:

    Sir, I have a query. I have purchased Rs.60,000/- NSC in this FY for investment purposes and tax rebate u?s 88. Now I want to take a loan against these NSCs from a bank by pledge it within same FY. What is the provisions of I tax. Can I take a bank loan and get benefit U/s 88 in same FY. Kindly advise me.

  117. C A K C AGARWAL says:

    kindly let me your views , in case of exemption of L I C. Now we have to pay also the service tax along with the insurance premium, It is my question ,whether we are entitled to claim the deduction for L I C along with service tax or without service tax. However in my opinion we cant not claim the deduction of L I C alongwith service tax, WHAT IS YOURS VIEW


  118. Gayathri says:

    My husband & I in a joint account took Housing Loan. For income tax purpose I produce annual statement of the bank.Now they asking ownership/co ownership document.How can I get this certificate? Who will give me this certificate ? Wether respective bank or panchayath or village officer?

  119. mohit says:

    what are the investments for a small businessman,if bank receipts upto 9laks. I am providing software services from my home so no majaor expenses.

  120. Chandana Sanyal says:

    I am currently residing in a flat which is under House Building Loan of HDFC Ltd. since 2004. I had availed another loan in 2011 from Corporation Bank for a flat under a Cooperative Society, which is still under construction. Both banks provide me with EMI certificates every year. Am I eligible to avail deduction u/s 24(b) and/or 80c for both the mentioned house properties?

  121. Prasenjit Roy says:


    I have booked a flat which is under construction. I have done registration of the said flat and paid the registration fees and stamp duty. I will get the possession of the flat next year ie after May 2015 tentatively. Can I avail benefit under 80C in current financial year.

    Prasenjit Roy

  122. amit says:

    Hi ,

    My father has passed away and my mum is a house wife, i am paying my sisters tuition fees in Gov College which is around one lac annually can i claim deduction?

  123. T Ramakrishna says:

    I have taken an Fixed Depoit from SBH,during August 2013,for 66 months(5.5 years).I have not claimed excemption under 80C during financial year 2013-14.Can i claime excemption during 2014-15?

  124. sharad says:

    I have query regards the fixed deposite for 5 year. i had done FD in 2010 of Rs- 1,00,000/- but that perticular year i cant take benefit of 80C, can i take the same in the current year.AY 14-15. kindly suggest me?

  125. Abu osama says:

    i got INR 585971/- as a sallery in 13-14. and declared interest again education laon 32000/- rent 72000/- , however my company deduct tax 37084 as whole. as i can not submiteed my rent receipt on time could you please help me out how i file return and pay genuine Tax.

  126. sreedharan kc says:

    my doubt is whether ican get the rebate under 80 c
    for my dearness allowance credited twice annually
    i have an amount 24000/- credited to my gpf
    my total 80 c amount is only
    can i add my da arears to 75000/- figure for tax rebate of maximum 100000/-one lakh

  127. Brijesh Gupta says:

    First of all thanks for posting this article. Earlier concept was not appropriate. Because Service Tax amount is not income of assesse and TDS should be deducted from income.

  128. KETAN ZALA says:

    If an employee pay notice pay to his employer while resigning from the services, the amount of such pay should be deducted from his taxable income while computation of tax or not?

  129. Sajal says:

    LIC Premium paid by my parents for me, i mean the LIC policy is on my name but installment is paid my parents. So in this case can i avail Tax rebate on this policy ?

  130. sandeep says:

    i and my wife are govt. servant.my wife invested 10000 Rs in national saving certificate,can i take the rebate in section 80 c instead of my wifr

  131. siva says:

    Am planning to take a housing loan in Joint Name ( myself & my working wife). Pl suggest how I should be Splitting (any % agreement to be executed between both of us )so as to claim tax benefit for both (for our appropriate portion…)

    Also pl clarify if total value of property is <40 lacs & can we take loan for 30 Lacs (15 each assume) and even then it will qualify for 80EE as same stipulated loan amount to be < 25 lacs… (if it is per joint loan applicant / on the whole)
    thanks in adavance,

  132. Mohan T says:

    After VRS , I am getting pension and also now earning monthly consolidated pay on Contract basis from a Pvt Co.. Even the pension is shown as consolidated amount in Pension. In that case, pl advise how to assess my IT . Whether I have to show the entire amount as salary for calculating Tax. Kindly guid me.

  133. dinesh says:

    i had purchased 1 acre agriculture land in my native place during the 2013-2014 period & had the sale deed got registered in my name for which the stamp duty & registration fees i have paid .
    my query is can i claim the stamp duty registration exemption under 80c

  134. M. SRINIVAS REDDY says:

    1. i am state govt employee.rs 100/- are being deducted from my salary every month towards SFMS(self fund medical scheme ). is it eligible for deduction?
    2.in case of state govt employee ,is medical reimbursement amount eligible for deduction?(it was reimbursed by employer )

  135. Mangesh says:

    Can the premium paid of Jeevan Sathi (Joint Plan) policy of LIC shown seperately/individually by both husband as well as wife u/s 80c of Income Tax for one financial year..??
    Thank you.

  136. ADARSH SINGH says:

    Reply to 634.Prithwiraj Pramanik :-

    Dear Prithwiraj Pramanik ,

    pls understand that sec 80c for Replyment of Loan which u pay in EMI basis. and we Know that EMI consists of both A portion of principal and Interest.Principal paid in one FY can be claimed in 80C Maximum upto 100000 and Interest portion can be claim U/s 24(b)-Limit is 1,50,000

  137. dr harshal says:

    hi, im dr harshal doing a job at xyz hospital and taking part time education from a govt. undertaking university, is there paid tuition fees benefits me under 80c sec. for tax saving.

  138. Pradip says:

    Is a regular school teacher of non-gazetted rank working in Municipal Corporation of Delhi school, drawing salary in scale of pay of Rs 9300-34800 with Basic Pay Rs 19680 and Grade Pay Rs 5400, eligible to receive yearly Bonus or not ? If eligible to get bonus, then under what service rule. Pl help and guide me.

  139. Bhargav Shankarwala says:

    Please answer immediately,
    If an individual assessee pay the amount of life insurance premium as on 29.03.2013 (F.Y. 2012-13) by cheque
    and got receipts also as on 29.03.2013. The cheque cleared as on 03.04.2013 (F.Y. 2013-14) . Now my question is that can we claim the deduction u/s 80-c for F.Y. 2012-13 or not ?

  140. Himanshu Talwar says:

    Dear Concern

    I want to weather a grand parent can propose a policy to their grand child and will he eligible for 80c tax rebade

  141. Nilanjan Saha says:

    Please let me know what is meant for education fees.
    I spend Rs-7000/- for my daughter’s admission to School. Is this expenses is eligible entirely for deduction u/c 80c ?.

  142. Ashish Shrivastava says:

    This year i had paid 2 year premium of Rs 100000/- (50000*2) in my ULIP policy. kidly confirm can i take tax benefit of Rs 100000/- under sec 80C. my basis premium is Rs 50000/- and my insurance amount is 250000/- which is 5times of my premium.

    Kindly confirm.

  143. Vinod Kumar Mittal says:

    Are GPF contributions made on account of return of refundable advance, taken out of one’s GPF Account, eligible for deduction under Section 80-C?

  144. Raajesh says:

    Hi. I am getting 18000 per month a salary. I am also paying in LIC of rs 28 thousand per annum. How much can i able to reduce the Income Tax from my salary using the LIC amount.

  145. Vikas Saini says:

    Can a stamp duty deduction be claimed on a house under construction and when there is a difference in the possession date of the house and the payment of the stamp duty? eg. my possession date is June 2014 and i paid the stamp duty in March 2013

  146. ram says:

    sir, under 80c 100000/- exemption. i showed 75,000. so still i can eligible for 25,000 right. i paid 50,000 tax for govt in my salary. so i want to take p.p.f if so, 1. how much can i invest and 2.how much return i can get. If i invest under p.p.f 50,000

  147. suresh mohnani says:

    Dear Sir,

    During year 2010, I have booked one flat. Builder is executing the sale deed and giving possession this year (March’13). Can I claim deduction for payment of Stamp Duty, this f. year?

    Further, I had claimed deduction for payment of Stam Duty for purchase of earlier house in another city during 2008-09.

    Can we claim deduction for payment of stamp duty, any number of times?

  148. ajay says:

    1. Whether the life insurance premium paid by me for my dependent parents(mother and father) can be covered under section 80C of income tax?

    2. Is there any other way to covered deduction tax of the life insurence paid by me for my dependent parents (mother/father/both)?

  149. AKRITI JAIN says:


  150. jaideep says:


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