Income Tax Deduction Under Section 80C: Tax Saving Investments

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Investments	Lock-in period	Returns
Public Provident Fund (PPF)	15 years	7%-8%
Equity Linked Savings Schemes	3 years	estimated 15% - 18%
Employees’ Provident Fund	5 years	8.65% (currently)
National Pension Scheme	Till retirement	12% - 14%
Tax saving fixed deposits	5 years	6%-7%
National Savings Certificate	5 years	7%-8%
Sukanya Samriddhi Yojana	21 years	8.5% (currently)
Senior Citizen Savings’ Scheme	5 years	8.7% (in 2018)

Income Tax Deduction Under Section 80C

All about Deduction under Section 80C

Section 80C of the Income Tax Act, 1961

Income Tax Deductions under Section 80C

Tax Saving Investments Under 80C

1. Public Provident Fund (PPF)

2. Investments in Tax Saving Mutual Funds (ELSS)

3. Employees’ Provident Fund (EPF)

4. National Pension Scheme (NPS)

5. Tax Saving Fixed Deposits

6. National Savings Certificate (NSC)

7. Sukanya Samriddhi Yojana

8. Senior Citizens’ Savings Scheme (SCSS)

Apart from these investment options, deductions under Section 80C are also available on:

9. Home Loans

10. Premium Payment on Life Insurance Policies

11. School or Tuition Fees paid for your Child’s Education

Tax Exemptions other than Section 80C

FAQs about Tax Saving Investments under Section 80C

✓ Can deductions under Section 80C be claimed while filing income tax returns even if the proof has not been submitted to the employer?

✓ If I have made investments eligible for tax benefit under Section 80C on 15th April 2019, when can I claim my tax deductions?

✓ Is Section 80C applicable for Hindu Undivided Family?

More article about Income Tax in India

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