Income Tax Deduction Under Section 80C

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All about Deduction under Section 80C

Section 80C of the Income Tax Act, 1961

Income Tax Deductions under Section 80C

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)

Following is a list of deductions available under this section of the ITA, explained in detail:

Tax Saving Investments Under 80C

FAQs about Tax Saving Investments under Section 80C