The following are the tax-saving schemes under 80C through which you can claim a maximum deduction of Rs 1,50,000. The list includes both the investment and payment options which are covered under 80C for tax rebate-
- 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
To know further on how to invest in these schemes so as to avail the maximum benefits under section 80C, read this Article.