List of Investment Available or Approved under Section 80C for Deduction from Income Tax

List of Investment which are eligible for deduction under section 80C of the Income Tax Act. Each investment has specified limits above which income tax deduction in not allowed. Maximum amount of deduction which can be claimed under section 80C of the Income Tax is Rs 1Lakh only. Read who can claim Deduction Under 80C of  Income Tax 

Gross qualifying amount –

  1. Non- commutable deferred annuity payment
  2. Contribution towards statutory and recognized P.F.
  3. Life insurance premium (Government employees paid to the central government employees’ insurance scheme or payment under children deferred endowment assurance policy made by a person)(subject maximum of 20% sum assured)
  4. National savings certificates
  5. Contribution towards 15 yrs. PPF (Public provident fund)
  6. Approved superannuation fund
  7. Notified bonds of national bank of agriculture and rural development (NABARD)
  8. Notified units of mutual fund or UTI
  9. Deposited amount in a fixed deposit for 5 years or more accordance with bank scheme framed or notified by the central government (it shall be minimum Rs. 100 or multiple thereof.
  10. Amount deposited under senior citizens savings scheme
  11. Amount deposited in post office in 5 years deposit scheme
  12. Contribution in any notified deposit scheme pension fund or subscription to home loan account scheme of the national housing bank
  13. Unit-linked insurance plan (ULIP) of Unit Trust of India
  14. Invested amount on equity shares and approved debentures, a public company engaged in infrastructure with power sector or unit of mutual fund proceeds of which are utilized for developing
  15. Paid as tuition fees (not including development fees/Donation/ any other similar type of payments) any university/ college/ educational institute of any two children for full time education
  16. Paid any scheme of Public deposit scheme of HUDCO
  17. Contribution to notified pension fund set up by mutual fund or UTI Payment for unit-linked insurance plan of LIC Mutual fund
  18. Payment of annuity plan of LIC and other insurer.
  19. Any sum deducted from salary of government employee for the purpose of securing him a deferred annuity
  20. Any payment towards the cost of purchase/ construction of a residential property.

7 thoughts to “List of Investment Available or Approved under Section 80C for Deduction from Income Tax”

  1. Hi, I have file IT returns for AY 2012-13 manually. i was previously working in Mumbai and then shifted to Bangalore and filed the return in Bangalore only. I supposed to get refund around 3500+rs but still i haven’t received my refund. pls guide to get the refund.

  2. ONCE INVESTED IN POST OFFICE Rs.50000/= LAST YEARS AND TAKEN INTO ACCOUNT FOR TDS UNDER 80C. FOR CURRENT YEAR IS THE SAME IS ELIGIBLE FOR CONSIDER TO 80C EXEMPTION.

    SRINIVASAN

  3. Hi,

    I would like to know , what is the maximum limit of employee contribution in recognized provident fund eligible for tax relief u/s 80C. Is it 20% of salary or some fixed amount?
    Pls reply (please refer any related sec of Income tax in this regard)
    Thanks.

  4. My brother has lost his pan card. The big problem is that he dont remember the pan card no.Now i am not able to find the exact website to search the pan card number through name and date of Birth.
    Please help me to find out the website where i can search the pan card number by using the personal information.

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