80C Deduction List: Section 80C is one of the most popular sections among taxpayers as it allows them to lower their taxable income by making specific tax-saving investments or incurring eligible expenses. The maximum deduction available under this section is Rs 1.5 lakh annually from the total income of the taxpayer.
This deduction is available to Individuals and Hindu Undivided Families (HUFs), while companies, partnership firms, and LLPs cannot benefit from it. Section 80C also encompasses subsections 80CCC, 80CCD (1), 80CCD (1b), and 80CCD (2). It is essential to remember that the overall limit for claiming deductions, including those from the subsections, is Rs 1.5 lakh, with an additional deduction of Rs 50,000 permitted under section 80CCD(1b).
80C Deduction List
| Types | Eligible Investments for Tax Deductions |
|---|---|
| 80C | 80C allows deductions for investments made in PPF, EPF, LIC premiums, Equity Linked Saving Schemes, principal payments on home loans, stamp duty, and registration charges for property purchases, Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Senior Citizens Savings Scheme (SCSS), Unit Linked Insurance Plans (ULIPs), tax-saving Fixed Deposits for 5 years, Infrastructure Bonds, etc. |
| 80CCC | Deduction for life insurance annuity plans. Payments towards annuity pension plans are deductible. Any pension received from the annuity or amounts received upon surrender, including accrued interest, are taxable in the year received. |
| 80CCD (1) | Employee’s contribution under section 80CCD (1) allows a maximum deduction equal to the least of the following: 10% of salary (for employees), 20% of gross total income (for self-employed), or Rs 1.5 lakh (limit allowed under 80C). |
| 80CCD (1b) | Additional deduction of Rs 50,000 for the amount deposited into the NPS account. Contributions to the Atal Pension Yojana may also qualify for this deduction. |
| 80CCD (2) | Employers’ contribution can be deducted up to 10% of basic salary plus Dearness Allowance. This benefit is available only to salaried individuals, not to the self-employed. |
80C Deduction List PDF
Download the latest 80C Deduction List PDF from the link below.
Tax Deductions under Section 80C
Section 80C of the Income Tax Act offers provisions for tax deductions on a variety of payments, allowing eligible individuals and Hindu Undivided Families to claim up to Rs 1.5 lakh per year under this section. This total includes deductions available under Sections 80C, 80CCC, and 80CCD.
Here are some popular investments eligible for these tax deductions:
- Premiums paid for life insurance policies (for self, spouse, or children)
- Contributions to superannuation or provident funds
- Tuition fees for the education of up to two children
- Payments for purchasing or constructing a residential property
- Investments in fixed deposits with a minimum tenure of 5 years
Investments Qualifying for Deductions under Section 80C
The following investments qualify for deductions under Section 80C of the Income Tax Act:
- Public Provident Fund
- Employee Provident Fund
- Voluntary Provident Fund
- Five-Year Post Office Time Deposit
- Equity Linked Savings Scheme
- Five-Year Tax Saving Bank Fixed Deposit
- National Savings Certificate
- Senior Citizens Savings Scheme
- Unit Linked Insurance Plan
- Sukanya Samriddhi Scheme
- Infrastructure Bonds
- NABARD Rural Bonds
Read: Home Loan Documents List | KYC Documents List 2025 | 80C Deduction List PDF
