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Section 80C

All articles, News. Notification, Judiciary related to Deduction Under Section 80C of Income Tax Act, 1961 at one place.

Latest Articles


Social Security Laws- PF & ESIC

Corporate Law : Delve into the nuances of Provident Fund (PF) and Employee State Insurance Corporation (ESIC) schemes in India. Learn about eligib...

April 16, 2024 570 Views 0 comment Print

Deductions under Section 80: A Pathway to Tax Savings for Individuals and Businesses

Income Tax : The Income Tax Act's Section 80, which gives taxpayers several deductions to lower their taxable income, is one of its most import...

April 15, 2024 15174 Views 0 comment Print

Pre-End of Accounting Year Checklist

Goods and Services Tax : Explore crucial financial tasks like tax-saving investments, advance tax payments, and compliance with new regulations before the ...

March 29, 2024 7488 Views 2 comments Print

TOP 7 Tax Saving Options Other Than 80C- For FY 2023-24

Income Tax : Explore top tax-saving options beyond Section 80C for FY 2023-24, including NPS, health insurance premiums, medical expenses, home...

March 29, 2024 9591 Views 0 comment Print

Income Tax Calculations – With Deduction and Without Deduction

Income Tax : Learn about the intricacies of income tax calculations with and without deductions. Explore tax slabs, deductions, and their impac...

March 22, 2024 3261 Views 1 comment Print


Latest News


No Tax on Digital Turnover up to 66 Lakh after section 80C benefit

Income Tax : If a trader makes his transactions in cash on a turnover of Rs.Two Crore, then his income under the presumptive scheme will then b...

December 21, 2016 22123 Views 28 comments Print

Senior Citizen Savings Schemes – Taxation and Status

Income Tax : Senior Citizen Savings Schemes deposits are eligible for deduction under section 80C of Income Tax Act but interest earned on depo...

November 26, 2016 7600 Views 1 comment Print

Rajan wants increase in Tax Exemption Limit

Income Tax : In Mumbai on Wednesday RBI Governor Raghuram Rajan said that there is a need for increase in tax exemption limit under section 80C...

February 5, 2015 11048 Views 0 comment Print

LIC Jeevan Sugam – New Single premium plan

Finance : LIC’s Jeevan Sugam is a non-linked single premium plan wherein the risk cover is a multiple of premium paid by you. On maturity ...

February 27, 2013 13968 Views 0 comment Print

Panel suggest increase in exemption limit to 3 lakh and in 80C deduction to 2.50 lakh

Income Tax : A Parliamentary panel scrutinising the Direct Taxes Code - DTC Bill has suggested raising the income tax exemption limit to 3 lakh...

March 3, 2012 922 Views 0 comment Print


Latest Judiciary


ITAT Delhi deletes addition for Difference in Opening & Closing Stock Due to Mistake

Income Tax : ITAT Delhi upholds deletion of Rs. 1.75 Cr disallowance, clerical error in ITR. Full order details of ITO vs. Roshan Lal Sharma fo...

November 14, 2023 1158 Views 1 comment Print

ITAT Kolkata: Penalty Deleted – AO Cannot Demand P&L for Section 44AD Income

Income Tax : The ITAT Kolkata has deleted the penalty in Prem Kumar Goutam vs. DCIT, ruling that the AO cannot demand a Profit and Loss Account...

November 8, 2023 969 Views 0 comment Print

ITAT Upholds Addition on LTCG Under Section 50C for Unregistered Deeds

Income Tax : ITAT Mumbai decision in Hari Mittar Yadav vs. ITO: Confirmation of addition on LTCG under Section 50C based on unregistered deeds ...

November 4, 2023 960 Views 0 comment Print

Section 24(b), 80C & 80D Deduction Can’t Be Denied for Not Claiming in ITR

Income Tax : In Sandip Chattopadhyay vs. ITO case, ITAT Kolkata ruled that deductions under sections 24(b), 80C, and 80D cannot be denied for n...

September 1, 2023 5988 Views 0 comment Print

Time limit extendable in case of non-cooperation during conduct of special audit

Income Tax : ITAT Amritsar held that in case of non-cooperation during conduct of special audit under section 142(2A) of the Income Tax Act, th...

June 21, 2023 744 Views 0 comment Print


Latest Notifications


Section 80C deduction eligible on LIC Jeevan Akshay-VII Plan

Income Tax : CBDT notifies vide Notification No. 134/2021- Income Tax, Dated: 06.12.2021 that Jeevan Akshay-VII Plan of the Life Insurance Corp...

December 6, 2021 13677 Views 1 comment Print

Format of Deceleration of Income Tax Deduction Claimed & House Rent Receipt

Income Tax : Proof of savings/documents viz. insurance premium receipt, NSC, Infrastructure Bond, PPF Bank Statement, Housing Loan Certificate ...

November 2, 2021 23259 Views 0 comment Print

National Pension Scheme Tier II-Tax Saver Scheme 2020

Income Tax : CBDT notified vide Notification No. 45/2020-Income Tax dated 07th July, 2020 that Tax benefit of Section 80C will be available to ...

July 7, 2020 6201 Views 0 comment Print

Govt Extends due dates under Income Tax Law & Benami laws

Income Tax : Vide Income Tax Notification No. 35/2020 dated 24.06.2020  govt extends  Due date for ITR for FY 2018-19  upto 31.07.2020, Last...

June 24, 2020 256818 Views 11 comments Print

Relaxation guidelines for PPF and Sukanya Sarnriddhi Account

Finance : The Public Provident Fund (PPF) account/ Sukanya Sarnriddhi Account (SSA) holders will be eligible to make a single deposit each i...

April 11, 2020 32040 Views 13 comments Print


Latest Posts in Section 80C

Social Security Laws- PF & ESIC

April 16, 2024 570 Views 0 comment Print

Delve into the nuances of Provident Fund (PF) and Employee State Insurance Corporation (ESIC) schemes in India. Learn about eligibility, contributions, benefits, and withdrawal rules for both, ensuring employee welfare.

Deductions under Section 80: A Pathway to Tax Savings for Individuals and Businesses

April 15, 2024 15174 Views 0 comment Print

The Income Tax Act’s Section 80, which gives taxpayers several deductions to lower their taxable income, is one of its most important parts. Since its enactment, Section 80 has undergone multiple amendments and additions.

Pre-End of Accounting Year Checklist

March 29, 2024 7488 Views 2 comments Print

Explore crucial financial tasks like tax-saving investments, advance tax payments, and compliance with new regulations before the end of the financial year on March 31st, 2024.

TOP 7 Tax Saving Options Other Than 80C- For FY 2023-24

March 29, 2024 9591 Views 0 comment Print

Explore top tax-saving options beyond Section 80C for FY 2023-24, including NPS, health insurance premiums, medical expenses, home loan interest, electric vehicle purchases, charitable donations, savings account interest, and rebates.

Income Tax Calculations – With Deduction and Without Deduction

March 22, 2024 3261 Views 1 comment Print

Learn about the intricacies of income tax calculations with and without deductions. Explore tax slabs, deductions, and their impact on your tax liabilities.

Unlock the door to tax savings with Section 80C!!!

February 27, 2024 1137 Views 0 comment Print

Discover the key to tax savings with Section 80C! Explore various investment options like EPF, PPF, ELSS, life insurance premiums, and more for tax benefits.

Interim Budget 2024 Expectations: Taxation and Deduction Reforms

January 18, 2024 1014 Views 0 comment Print

Anticipating changes in Interim Budget 2024: Expectations include increased basic exemption, enhanced investment-linked deductions, and revised limits for medical premiums.

Tax Saving through Educational Loan – Section 80E

January 18, 2024 1299 Views 2 comments Print

This article delves into the provisions of Section 80E, highlighting its benefits and clarifying common queries related to educational loans and deductions.

All about Senior Citizen Savings Scheme (SCSS)

January 17, 2024 38220 Views 0 comment Print

Introduction: The Senior Citizen Savings Scheme (SCSS) has undergone significant updates following the November 2023 notification (SB Order No. 22/2023). This article provides a comprehensive understanding of the latest SCSS rules, covering eligibility criteria, investment options, extension of tenure, and income tax benefits. Senior Citizen Savings Scheme (SCSS) after SB Order No.22/2023 Dated: 14.11.2023 Deduction […]

5 Tax saving investments with wealth creation for salaried person

January 15, 2024 4503 Views 0 comment Print

Explore the best tax-saving investment options in India, including PPF, NPS, ULIPs, ELSS, and Tax Saving Fixed Deposits. Learn how these options offer financial security and deductions under Section 80C.

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