In order to encourage savings, the government gives tax breaks on certain financial products under Section 80C of the Income Tax Act.Under this section, you can invest amaximum of Rs l.50 lakh (including 80CCC and 80CCD)
Investments made under such schemes are referred to as 80C investments.
1.Public Provident Fund
2.National Savings Certificate
3.Equity-Linked Savings Scheme
4.Life Insurance Premiums
5.Home Loan Principal Repayment
6.Stamp Duty and Registration Charges For Home
7.Five-Year Bank fixed deposits
These are some ways for claiming deduction Apart from these, things like children's education expenses that can be claimed as deductions under Section 80C. However, you need receipts to claim the same.
1.Public Provident Fund
2.National Savings Certificate
3.Equity-Linked Savings Scheme
4.Life Insurance Premiums
5.Home Loan Principal Repayment
6.Stamp Duty and Registration Charges For Home
7.Five-Year Bank fixed deposits
These are some ways for claiming deduction Apart from these, things like children's education expenses that can be claimed as deductions under Section 80C. However, you need receipts to claim the same.