The available tax deductions under section 80C include the following investments and payments. You can claim a maximum deduction of Rs 1,50,000 under 80C which will be inclusive of all the below mentioned categories. Find the list below.
- Investments in ELSS funds i.e. Equity linked saving scheme
- Investments in PPF i.e. Public provident fund
- Investments in EPF i.e. Employee provident fund
- Investments in NSC i.e. National savings certificates
- Investments in ULIPs i.e. Unit linked insurance plans
- Payment of premiums against life insurance policy
- Investments in tax-saving fixed deposits
- Investments in senior citizens savings scheme
- Investments in sukanya samriddhi yojana
- Repayment of home loan
- Payment of children's tuition fees
Note: the maximum tax deduction benefit that you can avail under section 80C is Rs 1,50,000 which will be inclusive of all the above mentioned investments and payments. To get a fuller understanding of this, read further in this Article.