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