SECTION 80C DEDUCTION -SAVE TAX UP TO 1.5 LAKH.

 


SECTION 80C DEDUCTION SAVE TAX UP TO 1.5 LAKH-2022

  • In computing the total income of an assessee, being an individual or a Hindu undivided family, there shall be deducted, in accordance with and subject to the provisions of this section, the whole of the amount paid or deposited in the previous year, being the aggregate of the sums referred to in sub-section (2), as does not exceed one hundred and fifty thousand rupees.
  • The sums referred to in sub-section (1) shall be any sums paid or deposited in the previous year by the assessee.

 

  • Life insurance premium
  • Equity Linked Savings Scheme (ELSS MUTUAL FUND)
  • Employee Provident Fund (EPF)
  • Annuity/ Pension Schemes
  • Principal payment on home loans
  • Tuition fees for children
  • Contribution to PPF Account
  • Sukanya Sam Riddhi Account
  • NSC (National Saving  Certificate)
  • Fixed Deposit (Tax Savings)
  • Post office time deposits
  • National Pension Scheme
  • stamp duty, registration fee, and other expenses for transfer of such house property to the assessee.

 

 

 

 

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