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Section 80C of Income Tax Act, 1961
URI:
https://gptkb.org/entity/Section_80C_of_Income_Tax_Act,_1961
GPTKB entity
Statements (28)
Predicate
Object
gptkbp:instanceOf
section of Indian law
gptkbp:appliesTo
individuals
Hindu Undivided Families (HUFs)
gptkbp:compatibleWith
companies
partnership firms
gptkbp:country
gptkb:India
gptkbp:eligibleInvestments
gptkb:Sukanya_Samriddhi_Account
gptkb:Employee_Provident_Fund_(EPF)
gptkb:Equity_Linked_Savings_Scheme_(ELSS)
gptkb:National_Savings_Certificate_(NSC)
gptkb:Public_Provident_Fund_(PPF)
gptkb:Senior_Citizens_Savings_Scheme_(SCSS)
5-year fixed deposit with banks
Life Insurance Premium
Principal repayment on home loan
Tuition fees for children
https://www.w3.org/2000/01/rdf-schema#label
Section 80C of Income Tax Act, 1961
gptkbp:introducedIn
gptkb:Finance_Act,_2005
gptkbp:maximumDeductionLimit
Rs. 1,50,000 per annum
gptkbp:partOf
gptkb:Income_Tax_Act,_1961
gptkbp:providesFor
deduction from gross total income
gptkbp:purpose
encourage savings and investments
gptkbp:relatedTo
gptkb:Section_80CCC
Section 80CCD
gptkbp:replacedBy
Section 88 of Income Tax Act, 1961
gptkbp:taxBenefitType
deduction from taxable income
gptkbp:bfsParent
gptkb:Public_Provident_Fund
gptkbp:bfsLayer
7