80C Deduction - Tax Deduction Under Section 80C and Tax Planning

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23 Nov 2016 (https://taxguru.in/2016/11/23/) 2,713,767 Views
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CA Sandeep Kanoi
(http://taxguru.in/wp-content/uploads/2015/02/CA-
Sandeep-Kanoi.jpg)Articles deals with deduction under
Section 80C of the Income Tax Act and explains who is
eligible for deduction, Eligible Investments, Limit for deduction,
who can invest for whom and time period for investment.
Background for deduction under Section 80C of the Income Tax Act (India) / What are
eligible investments for Section 80C:
Section 80C replaces the Section 88 with more or less same investment mix available in
Section 88. The new section 80C has become effective w.e.f. 1st April, 2006. Even the
section 80CCC on pension scheme contributions was merged with the above Section 80C.
However, this new section has allowed a major change in the method of providing the tax
benefit. Section 80C of the Income Tax Act (http://taxguru.in/category/income-tax/) allows
certain investments and expenditure to be tax-exempt. One must plan investments well and
spread it out across the various instruments specified under this section to avail maximum tax
benefit. Unlike Section 88, there are no sub-limits and is irrespective of how much you earn
and under which tax bracket you fall.
The Maximum limit of deduction under section 80C is Rs 1.50 lakh from Financial year 2014-
15 / Assessment Year 2015-16. Before FY 2014-15 the limit was Rs. 1 Lakh. Under this
heading many small savings schemes like NSC, PPF and other pension plans. Payment of life
insurance premiums and investment in specified government infrastructure bonds are also
eligible for deduction under Section 80C.
Most of the Income Tax payee try to save tax by saving under Section 80C of the Income Tax
Act. However, it is important to know the Section in toto so that one can make best use of the
options available for exemption under income tax Act. One important point to note here is
that one can not only save tax by undertaking the specified investments, but some expenditure
which you normally incur can also give you the tax exemptions.
Besides these investments, the payments towards the principal amount of your home loan are
also eligible for an income deduction. Education expense of children is increasing by the day.
Under this section, there is provision that makes payments towards the education fees for
children eligible for an income deduction
Section 80C of the Income Tax Act is the section that deals with these tax breaks. It states that
qualifying investments, up to a maximum of Rs. 1.50 Lakh , are deductible from your income.
This means that your income gets reduced by this investment amount (up to Rs. 1.50 Lakh),
and you end up paying no tax on it at all!
This benefit is available to everyone, irrespective of their income levels. Thus, if you are in the
highest tax bracket of 30%, and you invest the full Rs. 1.50 Lakh, you save tax of Rs. 45,000.
Isnt this great? So, lets understand the qualifying investments first.
Investments Qualifying for deduction under section 80C
Provident Fund (PF) & Voluntary Provident Fund (VPF) : PF is automatically deducted
from your salary. Both you and your employer contribute to it. While employers contribution is
exempt from tax, your contribution (i.e., employees contribution) is counted towards section
80C investments. You also have the option to contribute additional amounts through voluntary
contributions (VPF). Current rate of interest is 8.5% per annum (p.a.) and is tax-free. Must
Read-EPF Act 1952 vis--vis Income Tax Act Tax Treatment of PF Dues
(http://taxguru.in/income-tax/employees-provident-fund-act-1952-visvis-income-tax-act-1961-
tax-treatment-pf-dues.html)
Public Provident Fund (PPF): Among all the assured returns small saving schemes, Public
Provident Fund (PPF) is one of the best. Current rate of interest is 8.70% tax-free
(Compounded Yearly) and the normal maturity period is 15 years. Minimum amount of
contribution is Rs 500 and maximum is Rs 1,50,000. A point worth noting is that interest rate is
assured but not fixed. Read more- All about PPF and Income tax benefit
(http://taxguru.in/income-tax/public-provident-fund-ppf-scheme-investment-limit-income-tax-
benefit-features.html)
Life Insurance Premiums: Any amount that you pay towards life insurance premium for
yourself, your spouse or your children can also be included in Section 80C deduction. Please
note that life insurance premium paid by you for your parents (father / mother / both) or your
in-laws is not eligible for deduction under section 80C. If you are paying premium for more
than one insurance policy, all the premiums can be included. It is not necessary to have the
insurance policy from Life Insurance Corporation (LIC) even insurance bought from private
players can be considered here. Read More-Life Insurance Premium- Tax benefit on
Payment and Maturity (Life%20Insurance Premium- Tax benefit on Payment and Maturity -
See more at: http://taxguru.in/income-tax/life-insurance-premium-tax-benefit-payment-
maturity.html#sthash.sMbaEyqT.dpuf)
Equity Linked Savings Scheme (ELSS): There are some mutual fund (MF) schemes
specially created for offering you tax savings, and these are called Equity Linked Savings
Scheme, or ELSS. The investments that you make in ELSS are eligible for deduction under
Sec 80C. Read More-Section 80C Investment in Equity Linked Savings Scheme (ELSS)
(http://taxguru.in/income-tax/section-80c-investment-equity-linked-savings-scheme-elss.html)
Home Loan Principal Repayment: The Equated Monthly Installment (EMI) that you pay
every month to repay your home loan consists of two components Principal and Interest.The
principal component of the EMI qualifies for deduction under Sec 80C. Even the interest
component can save you significant income tax but that would be under Section 24 of the
Income Tax Act. Please read Income Tax (IT) Benefits of a Home Loan / Housing Loan /
Mortgage, which presents a full analysis of how you can save income tax through a home
loan.-Income Tax Benefits from House Property and Loan (http://taxguru.in/income-
tax/income-tax-benefits-house-property.html)
Stamp Duty and Registration Charges for a home: The amount you pay as stamp duty
when you buy a house, and the amount you pay for the registration of the documents of the
house can be claimed as deduction under section 80C in the year of purchase of the house.
Sukanya Samriddhi Account : Sukanya Samridhi Account can be opened at any time
from the birth of a girl child till she attains the age of 10 years, with a minimum deposit
of Rs 1000. A maximum of Rs 1.5 lakh can be deposited during the financial year.
Interest on this account is fully exempt from tax in the year of accrual as well as in the
year of receipt. Sukanya Samriddhi Account meaning Girl Child Prosperity Scheme is a
special deposit scheme launched by Prime Minister Narendra Modi on 22 January 2015 for girl
child. The scheme of Sukanya Samriddhi Account came into effect via notification of Ministry
of Finance. The notification details are Notification No. G.S.R.863(E) Dated 02.12.2014
(http://taxguru.in/finance/sukanya-samriddhi-account.html). Scheme will be governed by
Sukanya Samriddhi Account Rules, 2014.
Per girl child only single account is allowed. Parents can open this account for maximum
two girl child. In case of twins this facility will be extended to third child
Minimum deposit amount for this account is 1,000/- and maximum is 1,50,000/- per
year
Money to be deposited for 14 years in this account.
Interest (http://taxguru.in/finance/sukanya-samridhi-account-91-interest-rate-investment-
201415.html) is calculated on yearly basis ,Yearly compounded.
Passbook facility is available with Sukanya Samriddhi account.
From FY 2014-15 the interest earned on account will be tax exempted. As per Finance
Bill 2015-16. (http://taxguru.in/income-tax/interest-withdrawal-sukanya-samriddhi-
account-exempt-tax.html)
Read More- Sukanya Samriddhi Account- Tax & Other benefits (http://taxguru.in/income-
tax/sukanya-samriddhi-account-tax-benefits.html)
National Savings Certificate (NSC) (VIII Issue):
NSC is a time-tested tax saving instrument with a maturity period of Five and Ten Years.
Presently, the interest is paid @ 8.50% p.a. on 5 year NSC and 8.80 % Per Annum on 10 year
NSC. Interest is Compounded Half Yearly. While the minimum investment amount is Rs 100,
there is no maximum amount. Premature withdrawals are permitted only in specific
circumstances such as death of the holder. Investments in NSC are eligible for a deduction of
upto Rs 150,000 p.a. under Section 80C. Furthermore, the accrued interest which is deemed
to be reinvested qualifies for deduction under Section 80C. However, the interest income is
chargeable to tax in the year in which it accrues.
Infrastructure Bonds: These are also popularly called Infra Bonds. These are issued by
infrastructure companies, and not the government. The amount that you invest in these bonds
can also be included in Sec 80C deductions.
Pension Funds Section 80CCC: This section Sec 80CCC stipulates that an investment
in pension funds is eligible for deduction from your income. Section 80CCC investment limit is
clubbed with the limit of Section 80C it means that the total deduction available for 80CCC
and 80C is Rs. 1.50 Lakh. This also means that your investment in pension funds upto Rs.
1.50 Lakh can be claimed as deduction u/s 80CCC. However, as mentioned earlier, the total
deduction u/s 80C and 80CCC can not exceed Rs. 1.50 Lakh.
5-Yr bank fixed deposits (FDs): Tax-saving fixed deposits (FDs) of scheduled banks with
tenure of 5 years are also entitled for section 80C deduction.
Senior Citizen Savings Scheme 2004 (SCSS): A recent addition to section 80C list, Senior
Citizen Savings Scheme (SCSS) is the most lucrative scheme among all the small savings
schemes but is meant only for senior citizens. Interest Senior Citizen Savings Scheme 2004
is payable quarterly instead of compounded quarterly. Thus, unclaimed interest on these
deposits wont earn any further interest. Interest income is chargeable to tax. The account may
be opened by an individual,
1. Who has attained age of 60 years or above on the date of opening of the account.
2. Who has attained the age 55 years or more but less than 60 years and has retired under
a Voluntary Retirement Scheme or a Special Voluntary Retirement Scheme on the date
of opening of the account within three months from the date of retirement.
3. No age limit for the retired personnel of Defence services provided they fulfill other
specified conditions.
5-Yr post office time deposit (POTD) scheme: POTDs are similar to bank fixed deposits.
Although available for varying time duration like one year, two year, three year and five year,
only 5-Yr post-office time deposit (POTD) which currently offers 8.50 per cent rate of interest
qualifies for tax saving under section 80C. Interest is compounded quarterly but paid
annually. The Interest is entirely taxable.
NABARD rural bonds: There are two types of Bonds issued by NABARD (National Bank for
Agriculture and Rural Development): NABARD Rural Bonds and Bhavishya Nirman Bonds
(BNB). Out of these two, only NABARD Rural Bonds qualify under section 80C.
Unit linked Insurance Plan : ULIP stands for Unit linked Saving Schemes. ULIPs cover Life
insurance with benefits of equity investments.They have attracted the attention of investors
and tax-savers not only because they help us save tax but they also perform well to give
decent returns in the long-term.
Others: Apart form the major avenues listed above, there are some other things, like
childrens education expense (for which you need receipts), that can be claimed as deductions
under Section 80C.
So, where should you invest?
Like most other things in personal finance, the answer varies from person to person. But the
following can be the broad principles:
Provident Fund: This is deducted compulsorily, and there is no running away from it! So, this
has to be the first. Also, apart from saving tax now, it builds a long term, tax-free retirement
corpus for you.
Home Loan Principal: If you are paying the EMI for a home loan, this one is automatic too!
So, it comes as a close second.
Life Insurance Premiums: Every earning person having dependents should have adequate
life insurance coverage. (For more on this, please read Life after life Why you should buy
Life Insurance) Therefore, life insurance premium payments are the next.
Voluntary Provident Fund (VPF) / Public Provident Fund (PPF): If you think that the PF
being deducted from your salary is not enough, you should invest some more in VPF, or in
PPF.
Equity Linked Savings Scheme (ELSS): After the above, if you have not reached the limit of
Rs. 1,50,000, then you should invest the remaining amount in Equity Linked Savings Scheme
(ELSS).
Equities provide the best, inflation-beating return in the long term, and should be a part of
everyones portfolio. After all, what can be better than something that gives great return and
helps save tax at the same time?
When to Invest for 80C deduction?
Many of us start looking for investment avenues only in February or March, just before the
Financial Year is getting over. This is a big mistake! One, you would end up investing your
money without putting proper thought to it. And secondly, you would end up losing the interest
/ appreciation for the whole year. Instead, decide where you want to make the investments,
and start investing right from the beginning of the financial year from April. This way, you
would not only make informed decisions, but would also earn the interest for the full year from
April to March.
(Republished with amendments)

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815 responses to Deduction under section 80C and Tax Planning

1. Abhas Verma says:
March 24, 2017 at 1:18 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-tax-
planning.html/#comment-1951345)
Me and my mother are joint ownerrs in a Flat , we paid for the registration fee and Stamp Duty Rs. 2lakh
fifty thousand in September 2016 . The amount was paid by a DD in my mothers name . Can I claim an
exemption of 1 lakh in 80C ?
Can you please guide me . Your help will be highly appreciated
Reply (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-tax-planning.html?
replytocom=1951345#respond)
2. Manish Hinger says:
I fully agree with these notes, when it comes to tax saving SIP is also one of the best option for tax
saving. Just like there are taxes saving government securities, FDs, there are also tax saver mutual
funds to cut down your tax bill,
one of which is ELSS SIP, i.e., Equity Linked Saving Scheme. However, the according to section 80C,
the maximum limit of investment is up to Rs. 1 lakh.
3. EDWINA DSOUZA says:
February 21, 2017 at 4:59 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
tax-planning.html/#comment-1946992)
Is the NSC to be purchased every year to save tax. I have bought NSC last year and claimed exemption
from saving tax and the same can be shown in this year or i should apply for new one. Whether the
Fixed Deposits also to be bought every year.
4. Surender Singh Dagar says:
If any female got flat as a alimony after transfer of this property on her name do she need to pay income
tax on difference of circal rate (2) after some time she sold it out and purchased small flat in this
transaction also do she need to pay tax please clear
5. Pearl Xavier says:
February 14, 2017 at 11:29 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
HI, I would like to know if I could claim Tax exemption with 80C for 1.5 lakhs as I have PPF, LIfe
Insurances (3 nos), LIC, PF ( as all comes under 80c.).
Swati Singh says:
February 15, 2017 at 4:19 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-
80c-and-tax-planning.html/#comment-1946162)
Yes, you can but make sure all premiums are paid in FY 2016-17.
6. ratan lal singrodia says:
can i as a grandfather get deduction in i.tax for school fee
7. Rajendra Savant says:
One query
Insurance premiums paid by father on the policy of the major son without PAN card, premiums exceeded
Rs 5000 LIC asked for Pan card of son. What to do?
8. vipin kumar says:
me and my brother have joint housing loan. the principal amount paid is about 95000 this year.. can i
claim the whole amount as deductions under 80C, when he (my brother) is not claiming the same under
section 80C or it is to be divided equally as per our share in property?
9. CA Shubham Parasar says:
January 11, 2017 at 1:36 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
Eligible Premium under Sub-section (3) and (3A) of 80C of Income Tax Act,1961 For regular Life
Insurance Policies is 10% of Capital Sum Assured so in you can claim deduction of 30 K only i.e. 10% of
300000.
10. CA Shubham Parasar says:
Eligible Premium under Sub-section (3) and (3A) of 80 C of Income Tax Act,1961 For regular Life
Insurance Policies is restricted to 10% of capital sum assured. So you can claim 10% of 300000 i.e.
30000 only.
11. chaitanya says:
I took a life insurance this year and i am paying a premium of 80K anually and the sum assured is
300000. how much can i claim under 80C
tarun sharma says:
August 14, 2017 at 12:10 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
and-tax-planning.html/#comment-1972651)
You can claim tax exemption of upto 1.5 Lacs under section 80c, which include LI premium,
ELSS,etc.
For further details mail me at tarun6509@gmail.com (mailto:tarun6509@gmail.com)
12. Amit says:
December 23, 2016 at 10:39 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
You could invest additional of 50k under NPS (new pension scheme). This is eligible for deducution
under 80 CCD (1B). also any medical insurance premium or health insurance premium can be claimed
under 80D.
13. MANDEEP POONIA says:
December 20, 2016 at 8:27 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
Sir
I had claimed full deduction of Rs. 1,50,000/- U/s 80C but I want more deduction of Rs. 25,000/-. Can
you please help.
14. Suresh says:
Hi taxgurus,
I need your help to file tax and reduce the amount that i pay to i.t
Actually i am getting 1200000 rs total salary
How i will reduce my tax where and how much i invest on tax saving schemes.please help me. I plan to
buy some Agri land trough bank loan. Is it help me to reduce tax
tarun sharma says:
You can claim:
1) 1.5 lacs deductions under section 80 c which include investments like Life insurance,mutual
funds,ppf,nsc,etc.
2) 55000 deductions under section 80 d which is for health insurance.
3) you can invest 50000 in NPS under section 80ccd 1b
4) further you can invest 10% of your basic salary in 80ccd2 in nps (1.2 lacs as it is 10% of your
basic salary)
Total = 1.5 lacs (80c) + 55k(80d) + 50k (80ccdb1)

= 2.55 lacs deductions
+
10% of basic salary (1.2 lacs)
= 3.75 lacs in your case.
for any queries mail me at tarun6509@gmail.com (mailto:tarun6509@gmail.com)
15. Dhiraj Wala says:
I have purchased a house in Oct 2016 and have paid Rs. 145000 as Stamp Duty and Registration fee.
Can the benefit of deduction for payment of Stamp Duty and Registration Fee paid for purchase of house
be claimed Under Section 80C with overall limit of Rs. 150000?
16. GANDHI MOHAN BHARATI says:
November 24, 2016 at 6:55 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
Sorry. The author is out of date with interest rates on various schemes.
Example Senior Citizen Savings Scheme is 8.50% w.e.f 01 October, 2016
17. SUDHAKAR says:
August 2, 2016 at 2:10 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-tax-
Can i claim tuition fee paid for nephew for full time study in private school?
18. anil agarwal says:
July 24, 2016 at 7:45 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-tax-
can i claim tax rebate on stamp duty paid for grant of probate and if so under which scetion
19. Amit Sharma says:
July 21, 2016 at 6:35 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-tax-
Hi Need expert opinion: If we buy NSC jointly in 2 names whether we are eligible for 80C or not
20. Khatri Narinder says:
June 4, 2016 at 11:45 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-tax-
I need clarification u/s 80C(3) & also I want to know what will be my payable tax, if my income is 500000
& i have done investment in life insurance policy premium of Rs.50000/-p.a in hdfc life insurance
regular pay.
21. chandan says:
April 23, 2016 at 4:48 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-tax-
I
would like to know below that how much is the cap that can be saved
annually max under 80c tax by elss and for that how much needs to be
invested annually
* i fall over 30% tax bracket
I
see that for AY 2015-16 the tax calculator shows ELSS tax saving amount
(80c) is showing a cap of 25000/- max(50% of annual elss investment
amount 50,000/-)
is
this true for current financial year(2015-16) , i.e AY 2016-17 as well
which means i ( being in 30% bracket) can save by ELSS max upto 25,000
only with required investment 50,000/- annual(elss) ?
Varma alluri says:
June 13, 2016 at 4:57 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
Under section 80C you will be eligible for deductions of up to RS:1,50,000.
In case you need help reach out to us dsssvtax@gmail.com (mailto:dsssvtax@gmail.com) and our
experts will assist you.You can also call /whatsapp us : 9052535440.
22. Aseem Juneja says:
Dear All,
For all your queries related to Savings or Investments, I request you to please call or mail on the below
mentioned contact details.
I will be happy to help you and hope will be able to solve your queries in order to start your monthly
savings & investments.
Regards,
Aseem juneja
Financial Advisor
Tel : 8860007079
email : aseem_juneja@yahoo.com (mailto:aseem_juneja@yahoo.com) , aseem@chaturinvestment.com
(mailto:aseem@chaturinvestment.com)
Location: New Delhi
23. ashok nagvenkar says:
OK TELL ME ONE THING.IF I AM GETTING RS 800/- AS TRANSPORT ALLOWANCE i.e. RS
9600/-.CAN I SHOW 19200/- DEDUCTION PER YEAR INCLUDING DA ?
SONU SAGAR says:
May 2, 2016 at 5:23 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
no sir you can only claim what you actually recived the amount
for more clerification mail us on
mail-sonu.sagar@vfn.in (mailto:mail-sonu.sagar@vfn.in)
thanks/regard
sonu sagar
24. N Dheenadayalan says:
Need clarification wheather HL principal deduction u/s80C is admissible if the loan is for second home?
We have taken the second loan for a new home after retirement.
Vijay Sachar says:
March 31, 2016 at 10:01 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
No
25. Santosh Sharma says:
March 10, 2016 at 12:01 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
thanks a lot for sharing such a useful info.
26. sonu sagar says:
Dear All,
For all your queries related to Tax , Savings or Investments, I request you to please call or mail on the
below mentioned contact details.
we will be happy to help you and hope we will be able to solve your queries.
Regards,
sonu sagar
Financial Consultant
vfn group
Tel : 9711251211
email :sonu.sagar@vfn.in
27. sonu sagar says:
dear vijay singh you can claim all your amount which recipts is made under financial year 15-16 are
eligible for claim. if your employer asked for recipt of lic payment you just given the declaration
for further clerification call-9711251211 (sonu sagar)
28. D.Ganguly says:
I need to invest 30000 more this year to complete deduction of Rs.150000 under 80c. My wife is a
housewife without any taxable income. Is it possible for me to get the tax benefits, if I invest that 30000
on her name?
sonu sagar says:
March 8, 2016 at 4:21 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
yes u can save the tex
by taking medical insurence which give you tex benifit upto 25000
for further more clerification call me on-9711251211(sonu sagar
)
29. Ghanshyam Sahoo says:
No, Deduction u/s 80C related to life insurance premium is restricted to own children only. she will not
get the deduction for grand daughter.
30. GDM says:
Home loan principle repayment also qualifies for tax rebate u/s 80C but is it restricted exclusively to the
principle portion of EMIs paid during the FY or even lumpsum repayment of say 25K /50K during the year
will also qualify under limit of 1.50 lacs u/s 80C
CA Bhargav Bhatt says:
Word is principal. So both are covered
31. moorthy BV says:
we are dealing compressors. some of our clients are not paying VAT on the freight paid by us while
despatching their orders. They claim that the VAT is payable only on the price of goods sold. Whether
their claim is correct
Our billing is cost of product+ freight+ VAT at 14.5% on the total of cost and freight. Please clarify
manish says:
April 17, 2016 at 9:41 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
vat is charged only on products sold within state, it is not on freight.
32. prasanth k says:
i have a home loan i claimed tax deduction u/s 24(B)loan intererest
Am i eligible for HRA exemption as per U/s 10(13-A)? any one ans me
33. rajat agarwal says:
is there any deduction on post office RD in wifes name
sonu says:
yes
34. MANISH PANCHAL says:
yes
35. MANISH PANCHAL says:
Can anyone guide me where I have to invest money so I can get good regular income after my
retirement. My age is 45 years and my salary is 95000 per month.
yearly I deposit Rs.50000 in PPF, Rs.60000 in PF, Rs. 100000 in LIC and I purchase 20 gram gold every
here But I dont have any idea where I have to invest money so I can enjoy my life after retirement. After
all above investment I can invest more Rs.10000 per month.
Please guide me,

Manish
GANGADHAR Gore says:
February 1, 2016 at 3:48 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
Pls sir u may refer mutual fund schemes.or invest in share market through expert advice for
more detail watch CNBC awwaaz and zee businesses channel
U must see pehla kadam programme on every Sunday and Saturday 12:00 morning
Harish Guleria says:
SIP in Mutual funds are the best tool for good returns in long-term. You can call me at
9816600901 for details
sonu sagar says:
mr manish you will take the shri ram ulip plan in that you pay 100000 lakh per annum for 10 year
after 10 year you will get monthy fix income 14800 guranted which written on bond paper
means for 1lakh you will get 1.8lakh approx after 10 year
for further clerification call me- 9711251211(sonu sagar)
36. jaswinder says:
I have a question i have a daughter of 10 yrs and her grandmother is paying the premium in life
insurance will she get the rebate for her granddaughter or grandson
37. Bharat says:
Really simply explained.
38. Goku says:
I have a question, my wife is suffering from ulcerative collitis, a chronic disease. Can i claim tax benefit
under section 80DDB
39. N Sinha says:
Can a Long term Capital gain amount accruing by virtue of sale of property which was held by single
person be invested in a joint property which he and his wife bought 6 months before making this Capital
Gain?
40. N Sinha says:
I had a joint property along with my wife on which we made a Short term Capital Gain of Rs. 10 Lacs
after selling it. How is the Capital gain to be distributed between both of us?
41. N Sinha says:
I bought a house for Rs. 20 Lacs and also paid lease rent of Rs. 50000 on the same. I spent 3 lacs on
furnishing the house for which I do not have bills. I sold the house within 3 years of purchasing it at Rs.
30 Lacs. Now for calculating Capital Gain tax, Can I :-
(i) Include lease rent paid in the cost price of the flat?
(ii) Can I show Rs. 3 Lacs spent by me on furnishing the house for which I do not have bills now in the
total purchase price?
42. MANGAT RAM JOLLY says:
I AM AN EX SERVICEMAN , TOOK VOL RETIREMENT IN 1983, AND DRAWING SERVICE PENSION
AND ALSO A DISABILITY PENSION SINCE MY RETIREMENT, EVEN NOW I AM DRAWING BOTH
THE SERVICE PENSION PLUS DISABILITY ELEMENT FOR THE INJURY SUSTAINED WHILE IN
SERVICE, IS THE DISABILITY ELEMENT PORTION OF PENSION [ DISABILITY ELEMENT ] EXEMPT
FROM INCOME TAX ?. PLEASE ADVISE . thanks
Wg Cdr TPN Singh says:
January 19, 2016 at 10:36 am (https://taxguru.in/income-tax/all-about-deduction-under-section-
Dear Mr.Mangat Ram,
Your total pension that is service element and disability element is exempt from income tax.There
is a govt letter to this effect.
43. SWAPNIL KORTIKAR says:
I was claiming home loan principle amount under section 80C & interest under section 24 for own home
but due to company transfer now I am living in rented home at another city. So can I claim rent amount
under any section?
44. R A SRINIVASU says:
sir,please tell me about im a banking employee gross salary 23600 ,income tax deducting 1113 every
month,some what increasing gross salary every month like 24000 to 25000,please tell how much
premium i have to pay for new LIC COVERING 330000 PA NOW,WHEN IT WILL BE APPLIED,MY
PHONE NUMBER 9573394942
45. veeresh juluru says:
Is 80C applicable on stamp duty and registration charges fo both self occupied and let out property?
Uder 80C i didnot find any row with respect to stamp duty and registration charges. where to include this.
Thanks,
Veeresh
46. vijay singh says:
December 25, 2015 at 11:49 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
Hi Sir,
Need your help urgently

My employer has asked me to submit the LIC proofs for (2015 -16)
I pay my LIC permium in 2 slots.
1st in Sept 50k.
2nd in Jan Feb March 50 K.
Now I only have E Reciept of 1st Preimum.
So, can I upload the receipt of only 1st premium mentioning 1lac and then claim the rest in Income tax
file return.
Please suggest me the right procedure.
Regards,
Vijay Singh
47. Vikrant sharma says:
I have 3 LIC policies having total premium 42170{17134+16153+8883} with sum assured 5lakh-5lakh-
2lakh and policies are new bima gold, bima gold and Endowment assurance policy.
I paid around 43 k premium{with late fee} in april month and will pay 2016 premium in feb 2016.
So my quiry is whether i would get tax deduction for Rs.85000(for both installment) or only for Rs.42170
in financial year 2015-16.
thanks
AASHA says:
January 8, 2016 at 12:18 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
you will get deduction of premium paid in april 15 and feb 16 in ay 16-17 but will not get any
deduction in ay 15-16
48. P says:
repayment of loan taken for repair of a residential flat owned by himself whether it is liable for deduction
(both Interest as well as principal) if yes than under which section? & how much?
49. Virendra singh says:
My SCSS-2004 a/c matured after completion of its term(5 years)in August 2015 and as permissible in
SBI Ihave renewed/extended for 3years,maximum permissible period pse reply whether this amount will
be eligible for deduction under 80C of IT act in FY 2015-16
50. Arun says:
November 29, 2015 at 12:45 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
I have been given to understand that NSC IX issue for 10 years is no longer available but I did not find
any notification on internet. Is it true?
51. Vidhat says:
Is Kisan Vikas Patra considered in Section 80C for the financial year 2015-16?
52. MANINDRA SINGH says:
I have two LIC policy.1. Jeevan Surahbi and 2.Endowment policy. I cant understand how these effect tax
savings ? Which policy includes which tax saving schemes (80C or 80CCC)?
53. Name says:
October 15, 2015 at 8:19 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
Sir, I have purchased open plot in the FY 2014-15 and started construction residential building on it
during the same year. Can I claim deduction u/s 80C on the stamp duty spent on purchase of house site.
54. Mohit says:
September 27, 2015 at 8:07 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
hello sir
i have an FD in PNB of 1,00,000/- for 8 years. on maturity value is 181203 @7.5%. Will bank deduct
TDS for whole interest of 8 years or for each financial year? if yes then how can save tax. May this FD
come in 80C category.
Di0ak says:
October 6, 2015 at 6:21 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
No its non tax save policy of FD.you can get rs.10000/- as tax benefit.
55. SUNIL KUMAR says:
August 26, 2015 at 12:40 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
i want to know about deduction u/s 80c (insurence police in reliance)
56. Vijay Jain says:
August 24, 2015 at 10:30 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
Dear Sir ,
please share mutual fund exemption limit agt 80-c
57. Daniel Pinto says:
Please let me know why is the ITR-1 they have asked for all the active bank account details.
58. C.D.Hingu says:
when deduct my deduction amount from my salary account that time Medical reimbursement and HRA
amount not deduct and also i am paying rent every month to home owner and medical bill pay to doctor,
so i have a question Medical reimbursement and HRA not earn, so way it is deducted?
regarding,The Medical reimbursement and HRA deducted amount or not?
if no please give me reason,
I am state government officer.
59. ASEEM JUNEJA says:
Dear All,
For all your queries related to Tax , Savings or Investments, I request you to please call or mail on the
below mentioned contact details.
we will be happy to help you and hope we will be able to solve your queries.
Regards,
Aseem juneja
Financial Consultant
Chatur Investment
Tel : 8860007079
email : aseem_juneja@yahoo.com (mailto:aseem_juneja@yahoo.com) , aseem@chaturinvestment.com
(mailto:aseem@chaturinvestment.com)
60. Anil says:
Hi Sir,
If I deposit 50k on 5 yr Post office scheme, how will it be calculated on this years tax?. Is it 50k itself or
10K ? .
Also If I join a LIC for 3 year scheme, is that same logic like above? .
Please let me know.
Thanks
61. UMESH says:
Dear Sir,
I have joint Account with my brother can we show both in our books as well as ITR and take rebate on
interest.?
62. rabiul rahaman says:
I have booked a flat which is under construction. I have done registration of the flat on july 2015, and
paid registration fees.I will get the possession of the flat next year i.e. after November 2016.can i avail
benefit under 80c in current F.Y. 2015-2016
63. ani kumar meena says:
i purchased new flat for that payment (including service tax) is done on 24/03/2015 i.e financial year
2014-2015 and stamp duty for the same is paid on 5/06/2015 i.e financial year 2015-2016. Now my
question is in which financial year i can get rebate for both stamp duty and tax on flat cost paid by me
under section 80c
64. H.N.Mohan says:
purchased LIC Endowment policy ,on my grand daughter name premium is 59683.00. pl inform whether
can avail the premium amount under 80c benifit ?
65. Vijay says:
Sir,would like to start an investment plan.Could you help
66. Pravin Bagwe says:
Hi,
I had purchased a house in June 2014 and have paid stamp duty and registration fees in Jun 2014. The
possession of my house is in May 2016. Can I claim the stamp duty and registration fees under section
80 C this year?
67. S.ANIL KHAMBE says:
Hi sir, My salarie as 600000 per year how much shuold show as tax 80c
I had fixed 250000/- in post office month of June 2015 for one year & My wifes name
can i show in tax 80c, Sir please make now.
teja says:
December 17, 2015 at 3:18 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-
Maximum Rs.1,50,000
68. Ramya says:
post office 5yr fd is Rs.500000 80c Covered but this amount. 80c deduction amount deducated yearly
are one year deducating this amount.
69. B L Gehlot says:
June 19, 2015 at 1:51 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-tax-
Sir,
Please inform me whether I am retiring from service in month of feb 2017 and where amount deducted
from my salary on account of PF/VPF is qualified for tax exemption as all my retrials benefits to be
received on 01st of March 2017
70. Prathap reddy says:
if need any answer about income tax deduction us 80c contact this mail or 9066329789
71. Kundan Lal says:
I have opened sukanya samradhi account for my daughter and her mother is gardian in that account.
Can i take tax benefit under 80C(as i am depositing money from my salary)D T6 or only my wife is
eligible for tax exemption?
72. shrinivas says:
May 30, 2015 at 4:10 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-tax-
i have a question regarding the medical treatment that is taken in clinic or hospital for the family and for
self, has tax rebate in section 80c.Does it have any ceiling limit for the expenditure incurred upon
medicals.
73. bhoomija says:
May 19, 2015 at 11:01 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-tax-
Hello
I have another question not entirely related. I would like to know that if i have only capital gains income
from equity which is less than my investments in 80C than what is the tax implication. For example i have
invested 1.5L in ELSS and my income from short term capital gain from equity is 1.4L. Do i need to pay
any income tax at all??
74. ilayaraja says:
HI,
my mother have FD and UPLI policy.i am paying premium for every month,can i tax debat for that.
75. Bhupesh Y. Makde says:
April 16, 2015 at 10:41 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-tax-
Education Fees paid for higher education in USA of my child is exempted under 80c or not (within limit
1.5 lakh)
76. PARVEENKUMAR LALIT says:
I have a question
Rebeat under section 80c 1(I), TAX REBEAT ON BANK FD
77. Dhananjay Kumar says:
Is PF/Pension withdrawal (completely) is considered in income ? Kindly help me to understand.
Thanks,
Dhananjay
78. Chetan says:
Kindly contact us for your tax related queries and assistance in filling income tax returns,
e-dinero@live.in (mailto:e-dinero@live.in)
+91-98687-45848
79. Geeta Saxena says:
My son has purchased the policy, Can i get income tax rebate on that policys amount . My son is in
service and he is 40 years old.
80. Geeta Saxena says:
I have a question regarding income tax rebate in section ATC. My son is in service. I am pensioner so I
cant have an insurance. I want to get the insurance of my son so that I can have income tax rebate. Is
this possible?.
An early response will be appreciated
81. varghesae mathew says:
I have paid Rs. 1.20 lacs as tuition fee for the education of my child during the FY 2014-15. Whether I
can claim the full amount u/s. 80C or is there any ceiling for claiming the tuition fee?
82. Adityndra says:
i have purchased a resell house in oct 2014, can i claim Stamp duty and stamp registration fee u/s 80c.
for tax benefit.
83. rexy varghese says:
March 28, 2015 at 8:20 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-tax-
sir,
I have spent Rs.85000/- towards educational fees of two of my kids. will it qualify under 80c and if so,
how much?
84. Ashok sharma says:
Sir, i want to buy NSC rS. 50000/- IN THE NAME OF MY HUF Can I do so.
85. Anushka says:
Dear Sir,
I am depositing Rs. 10,000 every month in my mothers PPF account . Can I also get any tax benefit for
that.
86. NIRAJ says:
Dear All,
get your investment plan by perfect planing
communicate by 9724714554
NIRAJ JANI
87. R.K.Srivastava says:
Amt paid towards repayment of Education Loan of son will qualify for deduction under sec80c?
88. Muralidaran says:
Dear Sir,
I forgot to show my investment(LIC) made on Feb 2014, under section 80c last year(2013-2014. Is it
possible to show it now for 2014 2015 March and get the 80c benefit.
89. aloysius raja says:
i have an account of recurring deposit scheme in post office. will the same be claimed for income tax
exemption.
90. anita says:
sir ,
is registration and stamp duty fee paid on home purchase if paid from capital and not taken loan is
exempted from 80cc pls clarify.
thankyou
91. Ankit says:
Sir, I have a LIC in my name whose premium is 1,44,000. My total income in FY 14-15 is 856087. I have
left my job in August 2014. This years premium has been paid by my parents as dont have that much
money. Can I still use this amount in 80c to reduce my taxable income?
92. Sukanya says:
Hi sir,Myself Sukanya. My annual income is about 6,25,000 per year, and I am paying LIC Premium
20,000 per year, so how much tax I have to pay in 2015 under 80c.
93. meena says:
This is regard to ppf account.I have deposited for financial year 2014-2015 twelve months Rs 50000.Ihad
made a deposit every monthand complted 12 months.Now I want to turther deposit 50000 this month to
avoid tax .If I deposit 50000this month will I get exempted from deduction of tax for 50000/-it will be 13 th
instalment.
94. Om Prakash Mandoloi says:
I have Grand child. She is dependent on me. I pay her school fees. Whether I am eligible to take Income
tax deduction under 80 c of educaiton fees
95. Vishakha says:
Hi,
I have Question that I purchased 1 LIC policy for this polict premium payment is quarterly. but due to
some personal problem i could not pay premium for last 2 quarters. but 1st 2 Quarters premium i have
paid. can i take Income tax benefit for that paid premium?
96. Vishakha says:
Hi,
I have Question that I purchased 1 LIC policy for this polict premium payment is quarterly. but due to
some personal problem i could not pay premium for last 2 quarters. but 1st 2 Quarters premium i have
paid. can i take Income tax benefit for that paid premium?
97. nms says:
Dear sir,
I have spent Rs.100000 for education for my children.This is inclusive of tution fees and books expense.
Is it eligible book expense under 80cc?
Pls reply.
Regards,
NMS
98. jatinder says:
sir I have paid Rs. 5 lacs towards tuition fees of my spouse. Sir is it eligible for exemption under section
80C, as the section talks about the tuition fees paid for children and not for spouse.
Thanks n regards.
Jatinder Singh
99. kamlesh says:
Sir,
I have booked a flat which is under construction. I have done registration of the said flat and paid the
registration fees and stamp duty. I will get the possession of the flat next year ie after May 2015
tentatively. Can I avail benefit under 80C in current financial year.
Please reply
100. Murali says:
Hello sir, my income 324000 per year, and I am paying LIC Premium 14808 per year, so how much tax I
have to pay in 2015 under 80c
101. T.T. Nair says:
T.T. Nair, Mumbai
Sir I am a retired person. I have invested 9 lakhs from my retirement benefit in the Post Office MIS
Scheme The monthly interest is diverted to Cumulative Term Deposit ( 5 Years) for 5 years. I want to
know whether the MIS interest is taxable or not; even though the same is deposited to 5 year CTD in the
Post Office. Also On maturity of CTD, whether the amount is taxable or not. Please reply An early reply
is highly solicited. ( 9967514381 )
102. Nilesh Shukla says:
Hi,
Just wanted to clarify one doubt.
Is Infrastructure bond still liable for tax exemption under 80C? I read on other sites and they have
mentioned that its not considered since FY 2012-13.
Please clarify and update the post.
Nilesh
103. ABDUL KALAM says:
I got medical reimbursement is this income. This wil be shown as income or not please clarify it.
104. H.B.Trivedi says:
I an senior citision . I want to get benifit of 80-c with maximum rate of interest and less period with
minimum TDS. pl answer me on m. no 9428246792
sorry for the trouble given to you
Thankyou
105. sanjay wange says:
Sudip Kumar
your are eligible to lic premium under sec 80 c for the fy 2014 -15.
106. sudip kumar sarkar says:
my LIC Premium due date is 31.03.14 but I was paid on 19.04.14. can I eligible for tax rebate for the fin.
year 2014-15?
You are applicable for HRA Rent & House laon under sec 80c.if your house given to rent then income
shows under income from house property.
you are applicable for HRA & Home laoan under 80 c.if house is given rent then income shows as
income from house property.
109. gangadharan says:
Repayment of house loan during the FY comes to Rs 3lakhs as principal and Rs66000 as interest.GPF
contribution is Rs60000 and Tuition fee remitted is Rs 24000.How can I distribute this amount for tax
dedution
110. Ashish Batra says:
Sir if i deposit a amount in my wife PF account,
Tell me whether i am eligible for claiming deduction under section 80C of the amount deposited by me in
my wifes PPF account
111. suman says:
I sold my house in November2014 in 9.5 lakh which I have bought in 2010,June in 9lakh. I am a
government employee what is the procedure to show this in my income tax return and what is the
calculation
112. Sreelatha says:
Dear Sir,
My question is : I am working and avail HRA. Recently I have bought a ready flat in my home town
(where I am not staying) for which I have paid stamp duty and registration charges and also have availed
a home loan.
So can i avail the benefit of HRA against rent paid by me for my rented house & Can I avail the benefit /
deduction under section 80C for the stamp duty and registration expenses and interest paid for home
loan too?
Please clarification.
113. CHALLA GURUMURTHY says:
Dear Sir,
Kindly clarify whether the contribution made to my wifes PPF account qualifies for IT exemption under
sec 80c for me.
114. shyam sunder kaushik says:
stamp duty fee is exempted under 80 c
115. Sanjay Wange says:
January 31, 2015 at 11:55 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
Both or husband or wife avail to. deduction only both are divide to loan amt & give declaration to
employer then any body who need are eligible to get deduction under 80c & 24.
116. Priya Jain says:
If a loan is taken by husband and the payment is being made by wife and also wife is the owner of the
property. Who is eligible for deduction u/s 24(b) u/h House property?
Sanjay Wange says:
January 31, 2015 at 12:04 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-
Both or any one avail to take benefit of hl deduction.
117. Rachna Singh says:
If husband has taken loan from the bank and wife is paying interest and principal amount.Who can avail
the deduction related to this loan?
118. jignesh patel says:
Can I get rebet car insurance premiums
119. Bhavesh Chordia says:
Thanks for your this article! It is very helpful to save tax.
120. Shridhar says:
For filling IT details for finical year 2014-2015, its usually done in moth of Jan in our firm, I have a doubt,
for Sec80C the PPF account which can be availed, but it can been shown till month of Jan only for month
Feb and March it not able to show, I want to how can avail that benefit while filing the IT returns in month
of July, whats the procedure, documents required and date?
Pleae help me with it.
121. Shahaji Bhosale says:
I have purchesed second flat. First flat is occupied by self & second flat is given on rent. Can I get the tax
benefit on the stamp duty & registration charges paid for second flat. Is it covered under 150000/- or can
apply seperatly.
122. salim khan says:
Dear TaxGuru,
I am buying a flat for self use which is under construction and the posseion will be by Dec 2016. I will be
doing my stamp duty and registration on 10 Feb2015. I would like to know whether I can show the cost of
stampduty and registration in 80C for this finicial year.
Please guide me.
Thank you very much in advance.
Regards,
Salim
123. lalita says:
I a question can i save the tds by home registry stamp duty & registrar receipt
124. Durga Vaidyanathan says:
respected sir,
ive a question:-
In the IT form it is mentioned under 7.DEDUCTION UNDER CHAPTER VI-A- J. Tution fees for
education of children, but youve mentioned under others that Apart form the major avenues listed
above, there are some other things, like childrens education expense (for which you need receipts),
that can be claimed as deductions under Section 80C., what do you mean by, childrens education
expense in this? whats the difference between this both.
125. Khanjan JM says:
Sir,
kindly tell me whether all type of SIP investment invested for more than one year are tax exempted u/s80
of IT Act or not?
with regards,
Khanjan JM
126. Vinay says:
I want to know whether postal recurring deposit is eligible for income tax exemption.
R/Sir
I am taking decision to invest Rs 20000 under section 80 c , after maturity income is tax free.
Please suggest me better equity funds.
Thanks.
9850703483
128. Ilesh says:
Dear Sir,
I have query that in under construction House.If we have taken the loan.Can we claim principle amt and
interest paid to bank if we have not get the possessions till now.
Pls revert.
Thanks
Ilesh
129. raj says:
1. LIC insurance payment made by father in behalf of son (upto which age or there is age limit) while
income tax exemption under 80C.
If yes then LIC Payment receipt is sufficient document, submit for proof?
2. If mediclaim/health insurance policy purchased in the name of son and premium paid by father is
eligible for exemption under 80C or not?
3. In case of government employee upto which date we have to submit exemption document & how?
130. gopal tulsyan says:
sir, i want to safe investment in u/s 80c & income also tax free pl.planing for above 15 lac salary. thanks
mobile no 09415221371
131. sandipan says:
Hi, I have puchase a flat with my wife as partner.My wife is in Govt,. secvice ,and she want 80 c
deduction in tax saving as Registration and stamp duty. In the receipt the client name is as sandipan
and other and no name of my wife in receipt of registration and stam duty of as second owner.My she
have to submit the certified copy of deed or xerox copy of sale deed where the name of second owner is
dictated.
Either both can or only my wife can claim the deduction?
please give me suggestion..
132. Razak Bagwan says:
Dear siir
Is amount paid under rpmf of Rajasthan govt employees
Is rebatable under 80 c.
133. pramod says:
SIR,
qUESTON- IN SECTION 80 C KARNATAKA POWER TRANSPORT COMPANY LIMITEDS
CONTRIBUTIONARY PENSION SCHEME WAS ELIGIBLE FOR TAX SAVING (like lic,pli,NSC)..?
134. jay says:
Hi,
Can i show my cousins LIC insurance payment under 80C section while income tax exemption, which is
always done by me?
If yes then what document i need to submit for proof?
Regards.
Jay
135. Makhan Jhaver says:
Pl inform if HUF can take Life Insurance Policies for any coparcener ( Karta, Karta spouse, karta
children , karta Grandchildren ) and whether this is exempt under Sec 80-C
Pl inform if Life Insurance Policies can be taken by Grandparent for Grandchild ( child, minor , teenager )
Is this eligible for exemption under Sec 80-C or not exempted. Sec 80-C is not clear .
Pl inform if Life Insurance Policies taken for Adult son / married daughter are exempt under sec 80-C In
sec 80C the point is not clear and hence clarification required.
138. Ratan Lal Prajapat Dailana Kalan Pali Rajasthan says:
Dear Sir,
My Question is that I Have Fix Deposit Amount Term is 3 years

Can I take Take this amount in 80c
Please advise me or please call on 09480428071
139. m.c.arya says:
I am taking rebate on home loan since 2008 and I have taken again home loan in 2012 against extantion
part construction (in same home) .Can I get rebate on both loans under section 80C& section 24.
140. balasaheb says:
dear sir,
i want section 80c
141. pratham says:
sir,
what is mean by when we say that a particular mutual fund scheme is with 80c benifit. Is it return wuold
be rebated or money will be rebated that we going to pool in mutual fund.
142. pratham kumar says:
sir, what comes under 80c of income tax in mutual fund is it return wuold be rebated or money that we
going to pool in mutual fund. what will be rebated when scheme is ELSS when i will file ITR
143. MAhwash Rahat says:
Hello
Can you please tell me how to claim Section 80 IA deduction. What is the procedure for the same. Its my
first time when I am handling this type of work. So what all documents are required for the claiming it
Thanks And Regards
144. K Kashish says:
November 24, 2014 at 9:18 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
Sir,
I have a question. sir, my husband has a policy for our child(last year) in his name but now he has left his
job & i am paying his entire premium(quarterly). He has never claimed this insurance in his tax-benefit. I
am also working. Can i show this LIC premium for my tax benefit scheme.
145. Durga Prasad Agrawal says:
I Durga Prasad Agrawal (CFP:Certified Financial Planner).
I have complete financial solutions with proper Tax Relief under Income Tax Act. Best Investment
Planning with relevent section like 80C & 80D.
YOU can contact for the same:Life Insurance, Mediclaim, Mutual Fund (SIP/Lumsum), Income tax
Return (Online) and all other online services.
And also contact for Company Secretary and Chartered Accountant office work.
Mob:8820427970
146. Raj Panda says:
Respected Sir,
I already submitted Rs.1,50,000/- in my PPF account in 2014. This account opened in 2013. My
questions are
1. Can I invest my money in NSC? If the answer is yes, then is it tax free when I will get the mature
amount after 5 or 10 years later on interests???
2. Will I have to pay tax on the interests of my PPF account after mature in the end of the year 2028???
3. Now how can I invest money???
Plz give me some suggestion.. I have till 5 months salary.. Now I want to invest the money of my
next months salary..
Note : I already saved Rs. 1,15,000/- in my saving account as Fixed Deposit with the help of MOD facility
for one year in this year also..
147. manish says:
i want to know which mutual funds investments are tax free or which comes under section 80 c
148. ganesha says:
what documents has to submit claim under section 80 c for property registration charges.
149. Manoj Kumar Ash says:
Please guide us regarding 80C, Any amount that you pay towards life insurance premium for yourself,
your spouse or your children can also be included in Section 80C deduction
Please inform me whether any person can claim for LIC premium paid by him for his Adult Son or
Married daughter also? What are the guidelines?
150. N. Satya Narayana says:
October 18, 2014 at 7:47 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
Respected sir,
my self is a Senior citizen and income tax payer.
I want to know that the education fees for children is also entitled for claim rebate u/s. 80C.
Now my question is that, my grand son who is staying with us and i will deposit the education fees for
Rs. 60,000/- for his higher studies, can i claim the deposit amount in the income tax rebate U/s. 80C.of
the IT Act ?
the parents of the child is not claimed the Education fees in their income tax return.
plz clarified my doubt and give the answer in my mail ID nsatya_1968@yahoo.com

(mailto:nsatya_1968@yahoo.com) at an earliest date
thanks with regard,

Satya Narayana N
151. Vijay Chaudhari says:
Dear Sir,
I appreciate your social service of answering their queries and helping them.
My question is : I am working and avail HRA. Recently I have bought a ready flat (where I am not
staying) for which I have paid stamp duty and registration charges and also have availed a home loan.
So while availing benefit of HRA against rent paid by me for my rented house where I stay, Can I avail
the benefit / deduction under section 80C for the stamp duty and registration expenses and interest paid
for home loan under section 24 ?
I would be obliged with your clarification.
Thanks a lot,
Warm Regards,
Vijay Chaudhari
152. v k naidu says:
sir
I am working in a PSU residing in quarters provided by the organization.My D.D.O calculated perquisite
amount wrongly on higher side and deducted higher TDS. He issued Form 16 with the wrongly
calculated perquisite amount. He is not willing to correct FORM 16. My auditor says Form 16 should be
corrected otherwise we cannot claim refund. Till date I have not filed my I.T returns.please advise me
153. Nirmal De says:
Sir, I have a query. I have purchased Rs.60,000/- NSC in this FY for investment purposes and tax rebate
u?s 88. Now I want to take a loan against these NSCs from a bank by pledge it within same FY. What is
the provisions of I tax. Can I take a bank loan and get benefit U/s 88 in same FY. Kindly advise me.
154. smt. Shrivastava says:
SIR/MADAM,
I DONT KNOW THE TDS CERTIFICATE NO.
SO, HOW CAN I DOWNLOAD THE FORM 16.
PLEASE REPLY, AWAITING YOUR ANSWER.
THANKS & REGARDS
See more at: http://taxguru.in/income-tax/download-online-tds-certificates-form-16a-nsdl-
website.html#sthash.PK9Y5r4V.dpuf (http://taxguru.in/income-tax/download-online-tds-certificates-form-
16a-nsdl-website.html#sthash.PK9Y5r4V.dpuf)
155. C A K C AGARWAL says:
September 3, 2014 at 11:14 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
kindly let me your views , in case of exemption of L I C. Now we have to pay also the service tax along
with the insurance premium, It is my question ,whether we are entitled to claim the deduction for L I C
along with service tax or without service tax. However in my opinion we cant not claim the deduction of L
I C alongwith service tax, WHAT IS YOURS VIEW
C A K C AGARWAL< ALLD
156. Gayathri says:
My husband & I in a joint account took Housing Loan. For income tax purpose I produce annual
statement of the bank.Now they asking ownership/co ownership document.How can I get this certificate?
Who will give me this certificate ? Wether respective bank or panchayath or village officer?
157. mohit says:
what are the investments for a small businessman,if bank receipts upto 9laks. I am providing software
services from my home so no majaor expenses.
Thanks
158. Chandana Sanyal says:
I am currently residing in a flat which is under House Building Loan of HDFC Ltd. since 2004. I had
availed another loan in 2011 from Corporation Bank for a flat under a Cooperative Society, which is still
under construction. Both banks provide me with EMI certificates every year. Am I eligible to avail
deduction u/s 24(b) and/or 80c for both the mentioned house properties?
159. ANKUSH says:
I have made FD in the name of my wife for Rs. 150000/- can i claim this in sec- 80c
160. Prasenjit Roy says:
Sir,
I have booked a flat which is under construction. I have done registration of the said flat and paid the
registration fees and stamp duty. I will get the possession of the flat next year ie after May 2015
tentatively. Can I avail benefit under 80C in current financial year.
Regards,
Prasenjit Roy
161. amit says:
Hi ,
My father has passed away and my mum is a house wife, i am paying my sisters tuition fees in Gov
College which is around one lac annually can i claim deduction?
162. sandeep says:
CAN I TAKE REBATE UNDER SECTION 80 C FOR education fees for SELF also instead of children
163. T Ramakrishna says:
I have taken an Fixed Depoit from SBH,during August 2013,for 66 months(5.5 years).I have not claimed
excemption under 80C during financial year 2013-14.Can i claime excemption during 2014-15?
164. pradeep sharma says:
please explain new rebate under section 80c for 2014-15
165. sharad says:
I have query regards the fixed deposite for 5 year. i had done FD in 2010 of Rs- 1,00,000/- but that
perticular year i cant take benefit of 80C, can i take the same in the current year.AY 14-15. kindly
suggest me?
166. Abu osama says:
i got INR 585971/- as a sallery in 13-14. and declared interest again education laon 32000/- rent 72000/-
, however my company deduct tax 37084 as whole. as i can not submiteed my rent receipt on time could
you please help me out how i file return and pay genuine Tax.
167. rajeev says:
Can we get any tax benifit if I have bought a piece of land under taluka panchayat, karnataka?
168. sunil kumar says:
is there any standard deduction for the AY 2013-2014.
169. ram says:
how much deduction is allowed for loan taken for renovation of house.
170. ram says:
how much deduction is allowed for loan taken for renovation of house
171. Shanthi says:
Excellent Post. Thanks Much
172. sreedharan kc says:
can an employee under govt get 80c benefit for his da arrears amount credited to gpf
173. sreedharan kc says:
sirs,
my doubt is whether ican get the rebate under 80 c
for my dearness allowance credited twice annually
i have an amount 24000/- credited to my gpf
my total 80 c amount is only
76000/-
can i add my da arears to 75000/- figure for tax rebate of maximum 100000/-one lakh
174. Brijesh Gupta says:
First of all thanks for posting this article. Earlier concept was not appropriate. Because Service Tax
amount is not income of assesse and TDS should be deducted from income.
175. geetha gp says:
I am paying RD in a bamk shall i take exemption in 80c
176. KETAN ZALA says:
If an employee pay notice pay to his employer while resigning from the services, the amount of such pay
should be deducted from his taxable income while computation of tax or not?
177. Sajal says:
LIC Premium paid by my parents for me, i mean the LIC policy is on my name but installment is paid my
parents. So in this case can i avail Tax rebate on this policy ?
178. sandeep says:
i and my wife are govt. servant.my wife invested 10000 Rs in national saving certificate,can i take the
rebate in section 80 c instead of my wifr
179. siva says:
Am planning to take a housing loan in Joint Name ( myself & my working wife). Pl suggest how I should
be Splitting (any % agreement to be executed between both of us )so as to claim tax benefit for both (for
our appropriate portion)
Also pl clarify if total value of property is <40 lacs & can we take loan for 30 Lacs (15 each assume) and
even then it will qualify for 80EE as same stipulated loan amount to be < 25 lacs (if it is per joint loan
applicant / on the whole)
thanks in adavance,
regards,
siva
180. Mohan T says:
After VRS , I am getting pension and also now earning monthly consolidated pay on Contract basis from
a Pvt Co.. Even the pension is shown as consolidated amount in Pension. In that case, pl advise how to
assess my IT . Whether I have to show the entire amount as salary for calculating Tax. Kindly guid me.
181. ANIL KUMAR says:
I have purchased HDFC 8Yr Fixed Deposit i just want to know can we take tax benifits u/s 80c or any
other section
182. dinesh says:
i had purchased 1 acre agriculture land in my native place during the 2013-2014 period & had the sale
deed got registered in my name for which the stamp duty & registration fees i have paid .
my query is can i claim the stamp duty registration exemption under 80c
183. Bal Krishan says:
Is mobile allowance taxable?
184. M. SRINIVAS REDDY says:
sir,
1. i am state govt employee.rs 100/- are being deducted from my salary every month towards SFMS(self
fund medical scheme ). is it eligible for deduction?
2.in case of state govt employee ,is medical reimbursement amount eligible for deduction?(it was
reimbursed by employer )
185. Ridhima says:
As per my knowledge deduction limit has been raised upto 1.25 lacs u/s 80c.
186. Mangesh says:
Hi,
Can the premium paid of Jeevan Sathi (Joint Plan) policy of LIC shown seperately/individually by both
husband as well as wife u/s 80c of Income Tax for one financial year..??
Thank you.
187. ADARSH SINGH says:
Reply to 634.Prithwiraj Pramanik :-
Dear Prithwiraj Pramanik ,

pls understand that sec 80c for Replyment of Loan which u pay in EMI basis. and we Know that EMI
consists of both A portion of principal and Interest.Principal paid in one FY can be claimed in 80C
Maximum upto 100000 and Interest portion can be claim U/s 24(b)-Limit is 1,50,000
188. kaarthik says:
Is 5-Yr bank fixed deposits (FDs) made for dependants(parents) too can be accounted in Tax claim.?
or it should be only self?
Pradip says:
December 3, 2013 at 10:42 am (https://taxguru.in/income-tax/all-about-deduction-under-section-
Hi Kaarthik. Investment made in 5-year Tax Saver FD will get the income tax relief to the investor
for FDs made out in his own name only i.e. only for self, and not for his dependant parents.
189. dr harshal says:
hi, im dr harshal doing a job at xyz hospital and taking part time education from a govt. undertaking
university, is there paid tuition fees benefits me under 80c sec. for tax saving.
Pradip says:
December 3, 2013 at 10:38 am (https://taxguru.in/income-tax/all-about-deduction-under-section-
Sec. 80C of IT Act specifies that tax relief is permitted on various instruments only out of
investments made from out of income of the incumbent. In your case you have taken 5-yr Tax
Saver Fixed Deposit in your dependant parents name from out of your income for which you will
not get tax relief while accounting for your tax return. Such tax relief benefit is available to you only
if you make investment in LIC schemes for your parents out of your income, but not in case of Tax
Saving Bank FDRs.
In case of tuition fee paid for your education, the person paying the tuition fee is entitled to tax
relief u/s 80C upto Rs 1.00 lac.
190. Pradip says:
Is a regular school teacher of non-gazetted rank working in Municipal Corporation of Delhi school,
drawing salary in scale of pay of Rs 9300-34800 with Basic Pay Rs 19680 and Grade Pay Rs 5400,
eligible to receive yearly Bonus or not ? If eligible to get bonus, then under what service rule. Pl help and
guide me.
191. Bhargav Shankarwala says:
Please answer immediately,
If an individual assessee pay the amount of life insurance premium as on 29.03.2013 (F.Y. 2012-13) by
cheque
and got receipts also as on 29.03.2013. The cheque cleared as on 03.04.2013 (F.Y. 2013-14) . Now my
question is that can we claim the deduction u/s 80-c for F.Y. 2012-13 or not ?
192. prakas says:
I am paying for LIC inthe name of my daughters children living abroad.Can I include the amount under
80c
193. Himanshu Talwar says:
Dear Concern
I want to weather a grand parent can propose a policy to their grand child and will he eligible for 80c tax
rebade
194. Nilanjan Saha says:
Please let me know what is meant for education fees.
I spend Rs-7000/- for my daughters admission to School. Is this expenses is eligible entirely for
deduction u/c 80c ?.
195. aneesh says:
Sir,
i have one doubt about 5 year bank deposit. Is it taxable whrn getting back the same after 5 year
196. Ashish Shrivastava says:
This year i had paid 2 year premium of Rs 100000/- (50000*2) in my ULIP policy. kidly confirm can i take
tax benefit of Rs 100000/- under sec 80C. my basis premium is Rs 50000/- and my insurance amount is
250000/- which is 5times of my premium.
Kindly confirm.
197. Vinod Kumar Mittal says:
Are GPF contributions made on account of return of refundable advance, taken out of ones GPF
Account, eligible for deduction under Section 80-C?
198. Raajesh says:
Hi. I am getting 18000 per month a salary. I am also paying in LIC of rs 28 thousand per annum. How
much can i able to reduce the Income Tax from my salary using the LIC amount.
199. Anteshwar S Jadhav says:
Post office RD is covered under Income tax Section 80C yes or no
200. Vikas Saini says:
Can a stamp duty deduction be claimed on a house under construction and when there is a difference in
the possession date of the house and the payment of the stamp duty? eg. my possession date is June
2014 and i paid the stamp duty in March 2013
201. ram says:
sir, under 80c 100000/- exemption. i showed 75,000. so still i can eligible for 25,000 right. i paid 50,000
tax for govt in my salary. so i want to take p.p.f if so, 1. how much can i invest and 2.how much return i
can get. If i invest under p.p.f 50,000
202. suresh mohnani says:
Dear Sir,
During year 2010, I have booked one flat. Builder is executing the sale deed and giving possession this
year (March13). Can I claim deduction for payment of Stamp Duty, this f. year?
Further, I had claimed deduction for payment of Stam Duty for purchase of earlier house in another city
during 2008-09.
Can we claim deduction for payment of stamp duty, any number of times?
203. ajay says:
1. Whether the life insurance premium paid by me for my dependent parents(mother and father) can be
covered under section 80C of income tax?
2. Is there any other way to covered deduction tax of the life insurence paid by me for my dependent
parents (mother/father/both)?
204. MAHESH says:
I HAVE HOUSE WITH NAME OF MY MOTHER. & I GET THE HOUSE REPAIR LOAN SHOULD THE
INTEREST OF MY HOUSE REPAIR IS RELIEF UNDER 80 C.
205. tamilnesanvimalathithan says:
i am eligible for wife tuition fee under 80 c exemption
206. AKRITI JAIN says:
A PERSON HAVE A HOUSE PROPERTY WHICH IS BY NAME OF HIS SPOUSE. TAKEN ON LOAN
WHICH IS JOINT A/C WITH HIS SPOUSE. SPOUSE IS NO INCOME AND LOAN REPAY BY INCOME
OF HUSBAND. CAN HUSBAND CAN CLAIM DEDUCTION OF INTEREST AMOUNT UPTO RS.
150000/- U/S 24 AND PRINCPLE AMOUNT OF LOAN U/S 80c UPTO LIMIT OF RS. 100000/-
207. jaideep says:
TAXGURU DOES NOT REPLY ! WHATS THE USE !!! NOT EVEN ONE REPLY FOR THREE YEARS
!!!!
WAKE UP TAX GURU !!!! IF YOU CAHRGE ONE RE. PER REPLY ALSO YOU WOULD HAVE MADE
LOT OF MONEY WITH INTEREST . ALSO IF YOU INVEST IN PPF TAX FREE EARNING!!! TAX
GURU ARE YOU THERE !!!!
208. amit kumar says:
can i claim income tax rebate of my wifes LIC.the premium of the policy was paid by her. She is working
as a teacher in mcd
209. naik says:
I would like to know whether recurring deposit is exempt under 80C if it is for 1 year?
210. jestin says:
my autitor said max one lack rupees only can adjust sec by 80c,
it is true, i spend lic insurance and home loan (principle only)total 127000
211. GAURAV SAHU says:
AM I ELIGIBLE FOR TAX BENIFIT IF I DO FIVE YEAR FD IN THE NAME OF MY CHILD.
212. salomi says:
can deduction under section 80 be from casual income
213. YOGESH says:
what are the provisions of tax exmption about employee contribution and govt.contribution for new
pension scheme{nps}
214. satish d sawant says:
Sir,
My wifes investment in 80 C has crossed the limit of 1 Lac. Can I show the surplus of LIC premiums paid
by my wife. The life policies is also in her name. Can i claim rebat under 80C.
Pleas help.
215. Raj says:
Dear Sir/Madam,
Exemption under sec.80c of Rs.1,00,000/- and conveyance allowance of Rs.800 p.m. from long time
back. As per current economic growth on every field I feel the exemption amount will be increases.
I hope government take necessary action about this.
Thanks,
216. vikram says:
hello,
can any one suggest me to reduce income tax for 180000. i dont have pf and any insurance, and i need
to submit documents in feb 2013.in which way can i overcome this problem.
217. k mohan says:
I have a house which is under construction, taken a loan and repaying monthly both Principle & Interest
to the bank.
Now I want to sell that home under construction, in this case what I am eligible to get the benefit of
principle paid during the FY U/s 80C or not and what are the other liabilities of taxes comes like , capital
gain on the sale proceeds of the home and any other
Please advise me in this regard.
218. Ritesh Jain says:
Hello,
I have purchased a flat in Nov-2009, agreement was done in the same year in December-2009, I got
possession in Aug 2010, Can i claim tax benefit under 80c in stamp duty registration charges this year
(12-13)
219. Ritesh Jain says:
Hello,
I have purchased a flat in Nov-2009, agreement was done in the same year in December-2009, I got
possession in Aug 2010, Can i claim stamp duty registration charges this year (12-13)
220. neha says:
sir, can i know that if father paid insurance premium for himself then he can transfer this premium
deduction u/s 80c to his child or not? & why?
221. Sameer says:
Sir ,
In my company there is a limit of 15000/- that can be claimed under u/s 80. But what about the expenses
more then this amount done on dependants ? Do we have any section where we can claim . Please
advice.
Thanks in advance.
222. S Sinha says:
I want to know what proof is needed to claim income tax rebate for stamp duty & registration charges.
Kindly help.
Moreover, the bank has done a loan insurance is it acceptable under section 80C.
Santosh
223. Himanshu Wadhwa says:
hi
my package is 2,24,700 and this time i have OT for 10,800 and tax has been deducted from my salary
worth 1,178. so, i want to confirm will it be ok if i will take a FD from post office for 25,000.
please revert asap.
thanks
himanshu
224. Naveen says:
Sir,
I have been deposited Rs.5000/- in post office during f.y.11-12. Can i claim these amount as deduction
u/s 80C. Let me know please. Thanking you sir.
225. Raman says:
December 27, 2012 at 8:28 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
I received arrears of medical reimbursement allowance from previous years. Against same, I have
already incurred enough medical expenses in those years.
can i claim set off now subject to limit of Rs.15000 per year ?
226. Pawan Soni says:
Sir, I have purchased a land and get Housing Loan from SBI, Jaipur. Please tell me can i get income tax
rebate on this land purchase loan under Income tax Act under section 80 C & 24 for interest which i have
paid to bank.
Thanking you.
227. milan says:
dear sir can we get the benefit of tax exemption for principal and interest paid for a loan for house
repairing purpose from a credit co-op society made up by government employees.
228. Nilesh Sutar says:
I have taken home loan from SBI. To cover the loan repayment SBI have deducted SBI life insurance.
Whether this amount eligible for deduction u/s 80 C
With regards
Nilesh
229. Ritesh Paliwal says:
Sir
I have purchased a Flat with possession date in Dec13 along with my wife and younger brother.
We have taken a Home lone of Rs.5,000,000/- from PNBFL and started paying EMI of RS.51000/-,
Please help me with the information about the income tax saving, is it possible to get any tax refund on
principal and interest amount for three of us.
Looking for your kind support in this regards.
Regards
Ritesh
230. ries fathima says:
sir,
i am a govt employee. As per the New pension scheme (NPS), i wanted to know under which section i
can apply for deduction.
231. Anand kumar Apala says:
interest earned by senior citizen beyond the exemption of 2.4 lakhs of income per year can a gift be
given to the grand children for education or marriage?
232. BIPIN says:
My father has taken home loan and i m co-borrower in that. my dad is paying installment from his
account but i am depositing money in his account from my salary. my fathers income is not covered
under tax slab but my income comes so can i get benefit of sec. 80c here in this case ?
233. Sanjiv says:
Taxguru,
I have a small doubt regarding Employers contribution towards PF.
Consider, My Salary = 10 L per annum.
My contribution to PF = 30000 per annum
Employers contribution to my PF = 30000 pa
Now, my contribution to PF is considered under section 80C for deductions for tax exemption. So,
effectively, i can invest 1L 30K = 70K for maximum tax exemption under 80C.
Question:
1. Am i correct here??
Now, Employers contribution to my PF account = 30000 pa. This is also a part of my salary as
mentioned in my offer letter.
Questions:
1.Will this 30000 p.a. be taxable to me?
2.Will my taxable income reduce to 10L 30000(My PF contri) 30000(Employers PF Contri) = Rs.
9,40,000 considering i do not make any investments for tax exemptions?
3. Will this 30000 be considered in 80C deductions making my effective 80C limit as 1L 30000 (My PF)
30000(employers PF) = 40000?
234. Sonia says:
Dear Tax guru,
I want to know we have purchased an under construction house in a building can that be claimed under
80 c deduction.
235. Manik says:
Dear Sir,
I have bought a Insurance policy of Rs.100000 base plan and with this plan a rider of Rs. 100000 and for
that i have paid premium Rs 20000. Will i get 100% tax benefit of this premium amount
236. Priti Agarwal says:
Sir,
I want to know whether limit of 100,000 allowed as deduction under section 80c has been increased to
2,00,000 for financial year 2012-2013
Do reply to my mail , pls do needful.
237. mahendra says:
i want to know that my investment is exceed above 1 lac under sec 80 c ( LIC , Tuition fees, PF, loan
principal amt) , what should be the best way to save tax.
238. piyush says:
hi,
i just want to know if we earn money from stock market and at the end of financial year we saw loss or
profit than how can we show the same in ITR .
239. kreya says:
i would like to know if recurring deposit are taxable ? and whether it will fall under 80C for exemption?
240. SAURABH says:
if we buy a land for house than will stamp duty be considered under 80c?
241. rakesh says:
dear sir, i m confused about my return. i get my salary as prefessional fees after TDS deduction
already. now ione of my friend said that i can show my personal expenditure like travel or so in this return
form to save taxsir, in which column i should show my expenditure?? and hoe would i show the detail
of that,i mean travel+ restaurant+other expenditure??? or what do u advise i should not show these in
my return?? i m confused.help
242. Gayatri says:
If suppose housing loan interest not shown while preparing form 16 due to some problems but the loan is
already taken in the previous assessment then whether it will be taken into account when filing the
income tax refund
243. Shandilya Dixit says:
If I pay premium for my fathers LIC policy, will my father get 80C deduction?
244. prem says:
R/Sir i am a govt empoley in railway i alloted a railway qatter [house] with i puracse a housing lone
why rebat housing lone or qater rent rebat
245. ravi says:
If mother is paying the insurance premium for daughter, can daughter claim the insurance premium paid
as an exemption from her income.
246. Deepak Gupta says:
Hi,
I have taken a home loan against a 3 bhk flat around 4 years back.
I bought this flat from builder in pre-launched. Now I have done the entire payment (except stamp duty &
registration) of my flat and got the possession.
When I am asking to get home loan rebate (on principle & interest), my employer is asking me to
produce registered sale deed agreement.
Since all the flats are not completed yet I am unable to register my flat.
I wanted to know that is it really mandatory to have sale deed agreement in order to get income tax
rebate on home loan. if yes do i have any alternate?
FYi. I have all documents except registered sale deed agreement i.e bank loan sanction letter, sale
agreement, possession letter, Bank certificate for re-payment.
Deepak
247. prakhar says:
is There any Additional deducation in Respect of INFRA BOND of Rs. 20000/-
Other Than ( rs. 100000/- Deducation in 80C)
248. subhash Bhandari says:
Sir,
Life Insurance premium paid for grand daughter policy ,can be claimed deduction u/sec.80C.Please
advise.
CA Sandeep Kanoi says:
July 10, 2012 at 9:01 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
no
249. PRASAD says:
Whether NSC taken in the name of the Individual & mother qualify for IT under 80C fully for
the individual, if the mother is unemployed ?
250. sasikumar says:
arrear DA for the period from1/1/2009 to31/3/2011 credited to general provident fund can be
considered for deduction under section 80C of income tax
251. Hari KIshore Singh says:
Sir I have one question. I have taken a Endowment Plus ( T. No. 802) single premium plan for Rs 30000
with risk cover of Rs 45000. Can I get a deduction for the same within the limit of Rs 100000?
252. Raj says:
Why cant I claim the insurance that I am paying for my parents..?
253. Raghavan K says:
I am planning to buy a residential PLOT. Can i get registration charges & stamp Duty exemption under
any section of I.T?
254. KETAN says:
HUF FIRM PAID 120000 PREM OF KARTA,S INSURANCE . SIR THIS PREM IS ELIGIBLE FOR TAX
REBATE, AND ALSO THIS POLICYS MATURITY IS TAX FREE ?
255. purna chandra palei says:
i have drawn monthly salary as pay Rs15860+Gp 4200+D.A13039+HRA1003=Rs34102.But i have paid
HRA@5000 pm.&p. taxRs2500 annually..Then what will be my monthly income tax which will be
deducted from my salary .
256. RK Menon says:
Poornima: For the financial year 2012-13, you are liable to pay I.T on Rs.80000/-@10% if your salary is
Rs.2.8 lacs/annum. You can invest upto Rs. 80000/- under section 80 c and avoid paying of taxes.
Soniya: if your salary is upto Rs.200000 annually you are out of I.T for the year 2012-13.
RK Menon (Financial Adviser)
257. Poornima says:
my Salary is around 2.8 lac, how can ppf and nsc help me in tax savings.
258. Soniya says:
Hello Sir,
I have a query to ask you regarding Investment in NSC.
My age is 27 yrs, If my Annual Income is 2,00,000 & I invest Rs.1,00,000 in NSC, then how much will be
deducted u/s 80c ? I want to know the calculation. Will it be the whole Rs.1,00,000 to be deducted u/s
80c ? Or 20% of my Investment?
Please helpThanks
259. Edison says:
I purchased icici pru tax growth on 30 march 2011 from icici bank, mira road, with clear instructions that i
want this for fy2011-2012, now they have completely disregarded my instructions and have given the
units as of april 2012, the clerk of icici bank says his CA friend says that i can claim deductions for
fy2011-2012 as the cheque given to them is dated 30.03.12 as it takes time to process , but the intention
was clear for the product for the fy11-12. I need clarification for the same.
Thanking you,
Edison
260. rubina says:
hi.
i m earning above twenty thousnd whch wuld my best deal to save tds and tax.
261. Lata Bhandare says:
If their is only on child and his Tuition Fees paid Rs. 100000/- then what is exumption amount unde
section 80 c ?
262. Preeti says:
Dear itsjiny, you can get extra exumption on Interest on House loan uptill Rs. 150000/- and this amount
is apart from 80Cs deduction of Rs. 100000/- so overall you can get 2.5 lac exumption from this
scheame.
263. vinod kumar korada says:
sir, somewhere i had seen section 80CCA. Pls tel me about that
264. Santhosh says:
I have a housing loan on my mothers name.
cant i produce that for tax exemption.
265. itsjiny says:
HI,
If the income is around 4 lacs. What is the best investment under 80 C?

if i take housing loan and get deduction under it upto 1 lac is it over and above the investment i make
in ppf (70 K)?
Pl guide. Thanks.
266. SK Rajeev says:
Sir,
I Have a LIC Policy for 18000/- per year. Can I claim for Rs 5000 for myself and the rest 13000 for my
wife income tax under 80C.
Thank You
267. Pallavi says:
My mother is not working. My father is working. His salary is 5,000/-. So can I use my Mothers and
Sisters LIC amount for my Income Tax Return filing under 80C deduction..
268. DEEPAK SHARMA says:
Both my mother and i file separate income tax. i am married and independent.now,my mom took a
insurance policy in my name and paid vide cheque 50000/- from her account.can she claim 80c
exemption on it?
269. omkar says:
Dear All,
My annual income is 120000 .is it required to submit income tax return.
If salary is the only income you are earning then you are not required to file your income tax return
270. Siva Kumar says:
Does Mortgage Loan comes under 80c for Tax Deduction.
Is Mortgage / Housing Loan, is one and same.
regards. SIva Kumar
271. g p khanduri says:
i have lic premium rs.50000/-annual and gpf rs. 50000/-annual. therefore 100000/- limit under section
80c is over. can i avail children education allowance deduction rs.2400/- for two children?
272. CHANDRA says:
I want to fill my ITR, So Please send me complete deduction details as per income tax
273. Md. Yousuf Ali says:
Dear sir, I have deposited Rs. one lack in deccan gramina bank, hyderabad for the period of 7 year & 7
days, is it helps in tax saving?
274. Ramashis Hota says:
I am PSU employee. Whether can I get the benefit of NSC purchased by me in the name of my wife in
the F.Y. 2011-12 U/S 80 C of the Income Tax Act.
275. deb says:
dear sir,
My query is through which portal I can enter my investment details under 80CC?
276. shyam says:
Hi sir, I have a query regarding LIC policy payment through cheque.I have made a payment through
cheque on 31st march 2011 and have got the premium receipt showing dated 31st march 2011 but the
cheque was encashed by LIC on 7th April 2011 through my Saving bank Account. Will i be eligible to
claim deduction under section 80C for the financial year 2010-11? Thanks a lot for spreading your
valuable knowledge.
Regards shyam
277. bharath kumar says:
dear sir,
I would like to ask is the increase in ppf limit to rs. 1,00,000 will be applicable to A.Y2012-13 for the
purpose of deduction under sec 80C, if not then from which financial year,
i wiil waiting for the reply
Its applicable for A.Y. 2012-13
278. Rashi says:
March 10, 2012 at 11:04 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
i have paid stamp duty registration fees on 17/01/2012. However i am taking possession on 01/04/2012.
Can i avail the deduction in F.Y. 2012-13? I have taken the housing loan for this house purchase the
repayment has already started. from which year i can start availing the benefit of that?
279. shahid says:
hi to all tax payer i can help you to deduction from 80c from income tax act just buy an insurance policy
that can give you 70percent returns and you life also will will be cover from risk but be care full that if you
want to invest in such know the all details and i will help you from this you can contact my 91
8546992056 and shahidtherobinhood @gmail.com for all are welcome
Bangalore(karnataka)
280. shahid says:
hi all of you if you want to deduction from 80c i will give you best plan and it will help you to return back
70percent you have invested for more details contact my shahidtherobinhood@gmail.com
(mailto:shahidtherobinhood@gmail.com) and you can call my no +91 8546992056 in Bangalore
281. BIJI ALEX says:
Sir,
I am investing 1500/- per month as RD in Post Office, the total tenure period is 60 month cum 5 years.
One year investment comes as 18000/-.
Can I show this amount to the Form 16 A for the IT filling. Please advice.
If so, then please share the printed notification shared by the Income Tax Department.
282. sandip patel says:
if i will take national saving certificate joint name with my sister ,then can i get tax exemption under
section 80C??
283. Ravindra says:
Dear Sir,
I have already home loan & its shown tax benefit but I have purchase one more home this year hence
we have claim this new home registration & Stamp Duty for I.T benefit. u/s 80 c
Please update me.
Thanx & regards,

Ravindra
284. ISHWAR says:
Sir
just i want to know that is their any limits for fixed deposit in Income tax.?
285. Prashant Sonar says:
If the life insurance premium & Post recuring is paid by son by his account or ecs systems for his father
then son cant claim the deduction, but can father claim deduction for this investment?
286. Awdhesh Prasad says:
I have contribute to Employees State Insurance Corporation (ESIC) through my salary, guide me for
deduction claim u/s 80C or 80D
287. Ravi A says:
Sir,
I have purchase Falt in Jan-2012, please tell me and i have paid Stam duty to govt.can i take banifit
against Income Tax exemption under 80c.
Please update me.
288. DEBASISH BOSE says:
If I invest Rs. 37000/- in single premium of LICs BIMA BACHAT Policy, am I entitled to get full
exemption on the premium paid under 80C? Accounts Deptt of my office says that I will only get 20% of
the premium as tax rebate.
Kindly enlighten me on this issue please.
D BOSE
289. Rejifeba says:
the write up is good for general knowledge but not for calculation purpose. what are the limits applicable
for each type of investments?
290. Rejifeba says:
291. Rejifeba says:
292. Rejifeba says:
293. Eshwar 0512 says:
how to get these updates to my mobile
296. VKG says:
Sir,
i am getting my 50% HRA from company & same 50% is paying to company for giving accommodation.
But sir, my parents are also living at rent and i am paying rent for his rents. Can i save my income tax,
please suggest.
297. JYOTHI says:
I invest rs. 50,000 as Term Deposit for 5 yrs. in SBT during february. I claimed this amt as exemption
under section 80 c. is it admissible? will the interest to be included in next years income? what are the
consequences if I withdraw the amount before 5 yrs.
298. JYOTHI says:
I invest Rs. 50,000 as Term Deposit for 5 yrs in SBT on February. I claim this amount for deduction
under 80 c. Is it admissible. Will the interest to be added in next years income. what are the
consequences if we withdraw the amount before 5 yrs.
299. geetha says:
Sir, my total income per month is 50075/-. how much should be my saving for claiming income tax
benefit. Please let us know the celing limit for LIC, Medical bills, Health Insurance, PPF, Housing loan,
Infrastructure bond.
Thanks in advance
300. Anshuman Verma says:
Dear Sir, I want to claim tax on capital gains from sale of land through purchase of house. Is the saving
applicable even when new asset is financed through loan or I need to repay the loan from the proceeds
of sold land to claim exemption.
Also let me know how to claim exemption on record(through I-T return filing ..? or what)
thanks
301. CHETAN V ANGOLKAR says:
Dear Sir, Kindly provide information about income tax exemption under section 80C or other sections for
the amount paid on service tax 2.25% and vat 1% (on the aggrement value of Flat) in the present
financial year 2011-12, the possession is also in this financial year 2011-12. Your expedited reply would
be helpful to me.
302. K K Singh says:
I am maintaining a D-mat account with my wife name. Can I claim IT tax rebate on infrastructure bonds
held in the name of my wife.
303. Amit Kumar says:
I am maintaining a D-mat account with my wife name as 1st holder. can I claim IT tax rebate on
infrastructure bonds held in the name of my wife as 1st name and my name as 2nd holder.
304. akhilesh kumar says:
sir 1 lakh has been deducted from my basic salary by section 80c still 11910 is deducting as tax from my
salary how can i save it
305. S.S.Joshi says:
Last 15 years I am depositing regularly in PPF A/c. Can I continue the same PPF A/c ? Can I get income
tax exemption on that investment.?
306. megha says:
At which case limit u/s 80c is from 100000 to 120000
307. Parthasarathy says:
Is it possible to show my car loan interest under 80c?
admin says:
No Sir.
308. sweta says:
we purchase resale flat of rs.2381000/- and pay the stamp duty, registration, so could we get the
excemption u/s 80c
if yes, then how much excemption
309. Anant says:
if i paid my wife L.I.C. premium weather i will tax exemption benefit if my wife is salary employee
310. gurpreet says:
whether i can get rebate under 80 c for policy on my husbands name ?
311. Ashim Kumar says:
My investment in 80 C has crossed the limit of 1 Lac. Can I allow my wife to show the surplus of LIC
premiums paid by me on my life policies as her investment to claim rebate under 80C
312. Ashim Kumar says:
My investment in 80 C has crossed the limit of 1 Lac. Can I allow my to show the surplus LIC premiums
paid by me on my life policies as her investment to claim rebate under 80C
313. Dimpu says:
3,00,000 Per annum,
Have 20,000 NSC & 18,000 in LIC. Should I need to show more Investment so that tax may not get
deducted.
Please reply
314. BHASKARANSUBRAMANIAN says:
BOTH HUSBAND AND WIFE WORKING IN GOVT. SERVICE. WE TAKING HOUSING LOAN FROM
H.D.F.C BANK IN JOINTLY . BOTH SHALL DEDUCT PRINCIPAL AND INTEREST FULLY.
315. SHOBY says:
whether gratuity deducted from salary is eligible for deduction u/s 80 C?
316. sarath says:
whether grandfather can claim insurance premium of his grandson for IT purpose
admin says:
No. Only father can claim on premium paid on Life of kids.
317. NIKHIL says:
Will I get Tax benefit on Stamp duty and Reg fees for this year (2011-12) under sec 80c if possession is
after 1 year(Next financial year)? And Im also paying VAT and Service tax on property. Are they also
exempted. if yes under which section?
318. ABHISHEK RATHI says:
sir, in want to know that whether my father in law will get the benefit of section 80c under income tax act,
if he pays the life insurance premium of my policy as well as of my wifes policy ?
319. narendra says:
Sir
1. Are 5 years bank fixed deposite interest amount is taxable?
2. If yes, the interest amount is calculated as income per year OR on maturity?
How to calculate ?
320. Nisha Avinash says:
I have personal loan from my salary account bank. Shall I get tax exception for this?
321. M.P. SINGH says:
I have taken a housing loan which is in joint names of mine and my wife. My wife is also a working lady.
The house property is also in joint names. The EMI is being paid totally out of wifes salary account due
to operational convenience and household expenses are being met totally out of my account and there is
an understanding to this effect between us. Can I claim benefit of tax under Section 24 & 80C for the
whole amount of interest & principal.
322. suniloc says:
sir,
i have saved up to Rs.o1 lac for income tax benefits during current financial yrkindly
communicate whether section -80c of deductable items such as ulip inked insurance plans of sbi is
included in the margin of Rs.01 lac.. or not.?
02) sir, .if it is beyond the limit of Rs one lac what is time limit for submission of return?
323. suniloc says:
sir,
i have saved up to o1 lac for income tax benefits during current financial yrkindly communicate
whether section -80c of deduction is included in the margin of Rs.01 lac.. or not.
324. Jiten says:
I have purchased a flat in non municipal cooperation (gram panchayat) and have not taken loan from any
bank. I have an agreement with the builder for paying the amount as EMI and at 0% Interest. Can I claim
it as housing loan payment under 80C. If yes what document do i need to submit to save TDS.
325. Sachin says:
I had gon all the comments mentioned above but didnt found answer of the below question Can
husband get tax benifit on the premium paid for the wifes life insurance policy.The policy is on the name
of wife.But the name is before marriage name and contains the address same as of me? .If yes what
documents needs to be submitted.
admin says:
In respect of payment husband can claim the deduction. Supporting documents can be marriage
certificate and your marriage invitation card.
326. Anil says:
Kumar Ashish ,
I am also looking for the same information.
property/loan is on both wife and husband name and EMIs have been paid by husband from citi bank
can my wife claim tax exemption u/c 24 or 80c ??
if no , what are the penalties for claiming interest like that ?
Regards
Anil
327. Akhilesh says:
sir, i am doing mba is it fees recipt is help full in tax diduction
328. Kumar Ashish says:
Dear Sir,
Gretting for the day.
A query regarding housing loan. If husband and wife both are working in private sector and come in tax.
Housing loan had taken on the name of husband and wife. But payment made by husband bank
account. Interest component are above 2 lacks. Can husband and wife both take deduction on the
interest component.
Regards,
Kumar Ashish
329. 80c says:
Best.
330. Amit Surpuriya says:
For Application of All Infrastructure Bonds (80CCF) Contact Amit Surpuriya 9850873688 Pune
KSHITIJ FINANCIAL SERVICESMutual Fund | Infrastructure Bond | 54EC Capital Gain Bonds |
Company Fixed Deposit | Medi-Claim
331. P R SARKAR says:
Kindly intimate me :
1. Money invested in the name of parent/children
Does the money received is taxable in the hands of parent/children ?
2. IIn case, the money is invested in joint name with parent/children (1st holder) & taxpayer (2nd
holder): Can the income on investment be shown as income of 1st holder & the 2nd holder can get rid
of tax burden?
regards
332. OP Satheesh says:
In a 5 year Fixed Deposit in bank is the principal and interest taxable on maturity
333. Chadra N says:
Hi,
My father was expired and my mother is a housewife and i am paying LIC for her as she is dependent on
me, can i take tax exemption by providing her LIC Receipts of her if yes is there any document i need to
attach for that.
334. Giri says:
Me and my wife have taken a home loan. Also we have SBI Life Insurance (SBI RINN Raksha) for
Funding of Home Loan Insurance Cover. Please advise can we claim exemption for paying the Premium
amount.
This coverage is paid against another loan by the same banker that of home loan. We are paying interest
for the Insurance Loan. Can we get exemption for both the premium paid and the interest for the
insurance loan ?
335. jyoti says:
Invested in post office monthly paymnet 1500. is it deducted u/s 80c?
336. ravi says:
hi, how much amount will invest in elss m.f. in this assessment year?
337. Anup says:
Regarding Stamp Duty and Registration Charges > Can husband and wife both claim the Stamp Duty
and Registration Charges, in case of joint home laon?
338. Girish says:
I am purchasing a site from BDA and shall pay registration charges and stamp duty of Rs 2 Lakh , will
the amount paid for registration charges and stamp duty for site purchase extemted under section 80 C ,
Please advise.
339. Giri says:
Me and my wife have taken a home loan. Also we have SBI Life Insurance for Funding of Home Loan
Insurance Cover. Please advise can claim exemption for paying the Premium amount.
This is coverage is paid against another loan by the same banker that of home loan. We are paying
interest for the Insurance Loan. Can we get exemption for both the premium paid and the interest for the
insurance loan ?
340. Balaji S says:
Hi, whether Grand parent has a benefit of 80c , for taking insurance for granddaughter.
admin says:
December 24, 2011 at 3:04 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-
No. Only parents can claim for policy of their son/daughter
341. divya says:
Hi
can i show my husbands lic policy for tax deduction.As he is remitting 30000each in 4 installments.can
we both show the same policy in deduction(as 2 installments for me2 installments his)
342. venkat says:
For Infrastructure Bonds processing, please call me at 9241545354 (for bangalore
only)
343. Jayantilal says:
can a HUF claim exemption U/s. 80/c if HUF give cheque to karta,s PPF Account
344. Prashanth says:
Hi, can premium paid for a pension plan by father for major earning child qualify for deduction under
section 80CCC. Please guide.
345. Tanuja says:
Hi
It is mentioned stampduty for purchase of residential property can be claimed under 80C.
Is that applicable for purchase of residential site(KHB) ?
Next need suggestions for best option which will help in tax saving as well as my parents and child.
Thanks.
346. sathish says:
hi,
this is sathish, i planned invest Saving s certificate in Indian bank for Rs. 50000 for the 5years period.
This certificate comes under 80c. i have some questions regarding tax. please clarify the following
points.
How much amount will deduction on 50000. whether whole amount or some percentage of amount only.
can i show savings certificate for next year also, is that possible.
please advice some best plans for tax savings.
Thanks in advance
sathish
Dear Sir,
I have a question about investment.

If husband and wife both are working (private sector) and tds deducted of both. Will husband show the
investment for tax exemption, if the investment as like LIC is on the name of his wife. His wife will not
show the investment in her organisation.
Please reply as soon as possible.
Regrds,
Kumar Ashish
348. Balaji says:
Hi,
I am paying ULIP in my spouse name. Can I show that for Income Tax Exemption?(she is not filing IT)
349. msrc murthy says:
in which section agriculture income comes?
350. Kishen says:
Infra Bond gives an additional deduction of Rs.20,000 under Section 80CCF and not under 80C.With this
the total deduction will be Rs.1,20,000(1,00,000 from 80C and 20,000 from Infra bonds)
351. Anil Kumar Vaid says:
Kindly confirm that how many limit amount can be claim from Tution Fee for rebate under 1 lakh
excemption
352. Shyam says:
Hello Sir,
Recently i have bought a house,for which i had to pay 8 lacs and then remianing was loan from Bank.My
EMIs have not started yet and will start in next financial year.Please let me know if the rs 8 lacs can
have the benefit under section 80C.Thanks!
Shyam
353. Rajesh says:
can i claim tax benefit u/s 80C and 24 if i take loan on land + construction from finance company.
354. DAYALCHANDRAN says:
WHICH FORM I HAVE TO FILL TO GET TEX deduction under Sec 80C AND WHERE I WILL GET THE
FORM( IT RETURN)
355. kalpana shirsath says:
is it right if people are showing all atcs, deduction on what basis u r cheacking? that
356. Rohit says:
Hey,
I would like to know whether Education loan is consider in 80C or not?
I am paying 60k p.a. and also 18k for life insurance.
Thanks.
Sravani says:
November 16, 2011 at 11:34 am (https://taxguru.in/income-tax/all-about-deduction-under-section-
Rohit,
U will not get deduction to loan on education u/s. 80C. Only the fee upaid to the institution will be
allowed as deduction and that too such amt is to be for u, ur spouse or ur children. Bt Interest on
education loan will be allowed as deduction u/s. 80E. This loan mst be for higher studies of urs or
ur spouse or ur children whether in India or abroad.
Sravani says:
November 16, 2011 at 11:44 am (https://taxguru.in/income-tax/all-about-deduction-under-section-
hey small correction. 80C tuition fee payment to ur children will only be eligible. It is not eligible if
payment is for urself or to ur spouse. Children can be ur legal children or even adopted children.
357. taruna says:
hi ,
i want to know twinkal is under 80 c taxbenifit?
358. nitin says:
sir i want to know that if wife paid LIC premium of his husband, should wife get deduction of that
premium on his IT return
359. AJAY MISHRA says:
Sir,
Short term mutual fund (non ELSS) gain is taxable? What about long term mf gain?
360. Prashanth Pai says:
September 9, 2011 at 6:14 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
Dear All,
Pls tell me whether i can avail tax exemption for stamps duty and registration charges for purchase of
land. If yes which section of the act.
with regards
Prashanth Pai
ravi says:
September 13, 2011 at 2:37 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-
this will not allowed as deduction in case of land.
361. Rajesh says:
morgage loan came under 80C ?
362. micky says:
pls tell me whether birla sunlife is eligible for deduction under section 80 c
vibhuti says:
yes they are eligible.
ravi says:
September 13, 2011 at 2:38 pm (https://taxguru.in/income-tax/all-about-deduction-under-
section-80c-and-tax-planning.html/#comment-435940)
yes.
Reply (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-tax-
planning.html?replytocom=435940#respond)
363. arup says:
Dear sir / Mamadam
I have submitted may ppf withdraw from in my previous company virgin mobile ltd on feb 11 still it is
pending as norms it takes sum 45 working days and I have spoken in virgin mobile they have told me
that they have submitted the form in pf office on 28 mar 2011 but still it is pending
364. ajay singh says:
D/Sir,
plz let me know that in which investment i will save tax
ravi says:
You should go for any mutual fund scheme of UTI or any private company. tax deduction is
available only up to Rs.1,00,000.
365. Saagar says:
Sir/Madam
Can you please clarify if Govt.s New Pension System(NPS) qualifies for tax benefit under 80C?
ravi says:
Sure..
366. PRAVALLIKA says:
I WANT TO INVEST MY SALARY ON CULTIVATION SHALL I DEDUCT FROM MY TAXABLE
INCOME.
ravi says:
no deduction will be allowed from salary for this.
367. Sourav Chakraborty says:
I think ELSS should be placed higher in the list, particularly for young professionals who will prefer
moderate-to high risk investments with much higher returns. FD, PPF are more logical to middle aged
professionals.
368. SAGAR RASTOGI says:
DEAR NAMRA,
AS FAR AS THE DEDUCTION OF REPAYMENT OF PRINCIPAL OF HOUSING LOAN YOU SHOULD

BE THE OWNER OR DEEMED OWNER OF THAT PROPERTY ON WHICH LOAN IS TAKEN AND
THE PROPERTY SHOULD BE ONE WHICH CAN BE TAXED UNDER THE HEAD OF INCOME FROM
HOUSE PROPERTY.
369. Namra says:
If I purchase a shop on loan basis will it be considered for getting deduction same as housing loan.
SAGAR RASTOGI says:
DEAR NAMRA,
AS FAR AS THE DEDUCTION OF REPAYMENT OF PRINCIPAL OF HOUSING LOAN YOU

SHOULD BE THE OWNER OR DEEMED OWNER OF THAT PROPERTY ON WHICH LOAN IS
TAKEN AND THE PROPERTY SHOULD BE ONE WHICH CAN BE TAXED UNDER THE HEAD
OF INCOME FROM HOUSE PROPERTY
370. Dr. Kamaljit Singh says:
Sir,
I wish to claim rebate of Rs 150,000/- on the interest paid against house loan. I am submitting the return
online on form ITR1, but see no colum to claim this rebate (section 24(b). Will you please suggest, if I
have to deduct it from the total salary and then fill it, or there is some other way of doing it.
Kindly reply.
Thanks,
Kamaljit singh
Professor
371. Ahmed says:
Dear Sir
Under Deduction 80c can i claim refund of an amount Rs 22745=00 which is paid for admisson to
college but the bill is collected as Managment fee for PCME (subjects) by college total amount collected
for year 2010-2011 is Rs 25500
i have paid TDS amount under which can i claim this refund
Management fee PCME (subjects) Rs 22745-00

College Fee Rs 1255-00
Corpus Fund Rs 1000-00
College Fee (language Hindi) Rs 500-00
Total Rs 25500-00
Please sir would you kindly Reply me urgently

THANKING YOU
ahmed says:
June 14, 2011 at 7:30 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
sir
for the query posted by me on 12 jun 2011 ihave not received any reply
Thank you
372. maharaj krishen says:
sir,
i have to pay rs 70000=00 being tution fee to my daugter doing b,des
from indian university,i want to know whether i will get rebate for
the the amount mentioned above in full or there is some limit because
one can save only 1 lac for financial year 2011-12
thanks
pl reply me soon
373. Sourav Kumar says:
Sir,
I want to go for LICs Jeevan Anand policy for an amount of 5 lacs and for a period of 20 years.The sum
of all the annual premium turns out to be more then the sum insured.What are the rules for getting the
tax rebate as someone suggested that for this policy under revised taxation rules for 2011 we cannot get
tax rebate as the premium amount is more then the sum insured and some other reason too.Kindly
confirm and reply asap.
Thanks
Sourav
374. Hemanshu says:
Can A Father Take An Insurance Policy Due On Earning Son And Avail Tax Benefit.?
Eg :
Father Age = 68
Sons Age = 44
Can Father Aged 68 Take A Policy On His Son Aged-44 And Claim The Tax Benefit U/S 80c For Life
Insurance Deduction??
SAGAR RASTOGI says:
YES THE FATHER CAN AVAIL THE DEDUCTION OF LIC PREMIUM PAID FOR HIS
CHILDREN.
375. Maheshwar says:
Hi, I have invested in year 2005 for a plot for Rs. 5,00,000, since there was some issue with land
allocation, they returned my principal amount of 5 Lac in year 2009 and last year interest for 4 to 5 years.
My query is that is interest income taxable and need to be added to my main salary or I can avail any
depriciation.
Thanks
SAGAR RASTOGI says:
SUCH INTEREST EARNED IS TAXABLE UNDER THE HEAD OF INCOME FROM OTHER
SOURCES AND NO DEPRICIATION IS AVAILABLE IF THE PLOT WAS TO BE USED FOR
RESIDENTIAL PURPOSE. HOWEVER IF IT HAD BEEN PURCHASED FOR BUSINESS
PURPOSE THEN DEFINITELY IT IS ELIGIBLE FOR DEPRICIATION U/S 32 AS A DEDUCTION
OF PGBP INCOME.
376. vipin goyal says:
sir,
i am purchase aviva polciy dtd 31.3.11 but ch. pass in my a/c dtd. 15.4.2011 pls till me i can taken tax
benfit in F.Y. 2010-11
deepak says:
May 21, 2011 at 2:44 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
the date is date of deposit, nothing to do with when the cheque is encashed. but remember if the
cheque is bounced april and you again deposit it, then the rebate will be available in the next year
nirav says:
June 1, 2011 at 3:12 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
Yes Vipin. U can take Tax examption for the F.Y. 2010-2011. Policy date should be for the month
of March2011 only..
SAGAR RASTOGI says:
June 18, 2011 at 12:48 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-
YES I AGREE WITH YOUR VIEWS.. DEDUCTION U/S 80C CAN BE CLAIMED IN
A/Y 2011-12
377. JANA S. says:
OVER ALL LIMIT UNDER SEC 80-C IS RS.1,00,000/- AND ADDITIONAL LIMIT OF RS.20,000/- IS
ALLOWED FOR INFRASTRUCTURE BONDS. Is there any chance to increase this limit ?
378. Chetan Adalja says:
Will it be possible that father will give loan to his son for purchasing house.
379. Rajeev kumar says:
if i paid to insurance policy pension plan premium of my dependents,
is this value help me in tds deduction
380. Mangesh says:
Hi,
I paid an insurance premium on March 29, 2011 and I did not claim that premium for FY 10-11. Can I use
that premium for 80C benefits this year, i.e., FY 11-12?
Thanks,
Mangesh
srinivasan says:
no you cant claim this year. The premium date should be below financial year.
SAGAR RASTOGI says:
I AGREE
381. karan says:
I will be paying fees for my cousin brother for his MBA in India.
Can i claim deduction on the same.
SAGAR RASTOGI says:
NO YOU CAN`T AVAIL THE DEDUCTION. IT IS AVAILABLE ONLY FOR CHILDREN
382. sushma says:
in case i withdraw money of icci prudential LIC before maturity then loss on that will be allowed as
deduction from income from other sources?
383. K H Mahajan says:
Sir Can I claim short term capital loss on shares dealing on delivery base, from my income of business
and profession or from interest recd. from banks on FDs ?
Thanks . K H Mahajan
SAGAR RASTOGI says:
NO YOU CAN`T DO SO. SHORT TERM CAPITAL LOSS CAN BE SET OFF ONLY WITH
INCOME UNDER THE HEAD OF CAPITAL GAIN AND NOT WITH THE INCOME UNDER
OTHER HEADS OF INCOME. HOWEVER LOSS UNDER OTHER HEADS OF INCOME CAN BE
SET OFF WITH INCOME FROM CAPITAL GAIN.
384. Jaywant M H says:
How to Value FOC Stock
385. Arpita Sarma says:
I want 2 know the tax deduction list of every policy.plz rply me
386. elima says:
sir, i have been just recruited in a govt. job. my annual income is 2.23 lacs. what do you suggest me for
tax saving.
i already have lic policy of monthly premium 2300.
nirav says:
June 1, 2011 at 3:39 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
Hie Elima,
Take NSC for Rs. 10,000/- from post office & make sure ur premium of Rs. 27600/- (yearly) (Rs.
2300/-pm) has to be paid on time n before 31st march of every year.
387. Sanjay says:
Sir,
I am an NRI who plans to settle in India. I have Insurance policies in UAE and wish to continue to pay the
premiums for the same even after settling in India? How can I remit the payments towards premiums
from india ?
388. Mukesh says:
Hi,
Kindly advise the liability of Sevice Tax on Cargo handling service provided for agri product, which is
providing to Singapore base Company.we have also received remittance in foreign currency.
Thanx in advance
389. sonali gawand says:
Actually i donate every month 5000/- PM to handicarft school and my anuual income is 3.4 lakh means i
donate yearly 60,000/- PA. My qus is how many amt i save to showing this donation.
arijit says:
donation is the subjectmatter of under section 80G so check out this under section for ur donation
making
srinivasan says:
you can claim 50% of your donation made. IF the handicraft get 100% tax relief u can claim fully.
390. Sam says:
Hi,
I have paid Life Insurance premium from my credit card account.

Can my wife claim income tax exemption for this premium under 80C?
Please advise.
Nrusingh prasad subudhi says:
April 29, 2011 at 11:35 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
Yes ,your wife can claim the benifit.
SARIKA says:
HEY BUT THIS IS SAMS CREDIT CAR, HOW CAN HER WIFE GET EXEMPTION FOR
THE SAME
SAGAR RASTOGI says:
June 18, 2011 at 1:03 pm (https://taxguru.in/income-tax/all-about-deduction-under-
section-80c-and-tax-planning.html/#comment-418458)
NO YOUR WIFE CAN NOT CLAIM THE DEDUCTION OF SUCH LIC PAID BY YOU.
BUT YOU CAN CLAIM THE DEDUCTION OF LIC PREMIUM PAID FOR
WIFE.MEANS YOU CAN CLAIM THE DEDUCTION OF LIC PREMIUM PAID ON
YOUR LIFE AS WELL AS ON LIFE OF YOUR WIFE AND CHILDREN.
Dear Sir,
If a tax payer is getting heigher education. will the fees of education cover under section 80 c.
Regards,
Kumar Ashish
392. Kailash Narayan (Sameer) says:
CAN I TAKE THE BENEFIT OF SEC 80C ON DEPOSIT OF TUITION FEES OF MY YOUNGER
BROTHER
RAJU DAS says:
May 2, 2011 at 10:31 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
NO. YOU ARE NOT ENTITLED FOR THIS.
srinivasan says:
ANY PERSON DEPENDENT UPON YOU CAN CLAIM EXEMPTION. IF YOUR BROTHER IS
DEPENDENT ON YOU, YOU CAN CLAIM THE LIC.
SAGAR RASTOGI says:
TUTION FEES PAID FOR CHILDREN( NOT FOR OTHERS) IS ELIGIBLE FOR
DEDUCTION U/S 80C.MR. SRINIVASAN YOU CAN NOT CLAIM THE DEDUCTION ON
THE SAID SITUATION.
393. kailash says:
Dear sir,
Kindly advice me concern Tax benifit as I purchaged a house with NRI MONEY and the rent will give by
person in IR-9000/- monthly and depositing in local bank. I had PPF A/C and yearly some what I
deposite 30000/- wife and kids LIC 30000/-yearly 15000/- in post office 20000/ on health insurence,
25000/- daughter insurence 50000/- sbl life insurance etc.
advice me for the Tax on money I recieved from rent can my all above saving can come under it.
Regards
Kailash
394. Harsh says:
Dear sir,
I want to know that if I invest in this financial year (say in ELSS). But from next year after new tax law
ELSS are not exempted. Will the investement done in this year be eligible for tax exemption.
Regards,
Harsh
395. KAMAL GUPTA says:
CAN I TAKE THE BENEFIT OF SEC 80C ON DEPOSIT OF TUITION FEES OF MY YOUNGER
BROTHER
Rajesh SIngh says:
May 4, 2011 at 5:22 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
no , are not intitled for this
SAGAR RASTOGI says:
TUTION FEES PAID FOR CHILDREN( NOT FOR OTHERS) IS ELIGIBLE FOR
DEDUCTION U/S 80C.MR. RAJESH YOU CAN NOT CLAIM THE DEDUCTION ON THE
SAID SITUATION.
396. SM says:
How much eligible to tution fees of 2011-12 ass.year
397. anup says:
Sir ,
I have taken a Bhima Bachat Policy , a single premium policy from LIC with the single premium of Rs.
1,00,155/- the Sum Assuerd policy value of Rs. 1,50,000/-. My Drawing & Disbursing Offcier says that
only 20% of the sum assued Or the premium amount paid , which ever is least is only eligible for tax
relief under section 80C. So he allowed only Rs. 30,000/- instead of Rs. 1,00,155/- . I feel it is not as per
rules. so please clarify it. If he is right then I want to know wether I can get tax benifit of another 20% for
next 4 years.
398. anup says:
dear sir
i have taken lic policy in april 2010, total sum assured is Rs 150000 and for that i have paid one time
single premium of Rs.100155. As per incomtax act, only 20% of total sum assured is refundable u/s 80c i
want to know wether i can get tax benifit with same policy for next 4 year also ?.(20%x5)
399. P.S.SRIVASTAVA says:
dear sir
is the premium of rose valley in 80c?
400. draksingh. says:
Highly Appreciable Steps for I.T. Return
401. Balaji says:
Is there any change in VPF eligibility criteria for qualifying investment under section 80c.
SAGAR RASTOGI says:
NO THERE IS NO CHANGE IN VPS.
402. aparna says:
what is the relaxation limit under section 80c
Balaji says:
Rs 120000
SAGAR RASTOGI says:
RS. 1,00,000 + ADDITIONAL RS.20,000 FOR INFRASTRUCTURE BONDS.
403. vivek says:
To,
Dear Sir,
i have purchase const house and paid stamp duty & registration charges pl advice exem under section
80c.
Balaji says:
Sorry It is not eligible only int on loan is eligible.
SAGAR RASTOGI says:
SORRY BALAJI, HE CAN CLAIM DEDUCTION FOR REGISTRATION CHARGES AND
STAMP DUTY U/S 80C.
404. S K GARUD says:
sir/Madam
I have purchased the flat in Maharashtra,Iam presently working in Gujarat.
Beside paying STamp duty ,Registration Fees I had paid VAT TAX also
DOes THIS VAT TAX EXAMPTED FROM /FOR INCOME TAX> IF SO PLEASE LET KNOW
THANKS & Regards
S K GARUD
405. Amit Tiwari says:
Dear Sir,
I have a Unit link single premium pension plan, having complimentary SA of Rs. 1000/-.
Now i have opportunity to pay unlimited top up in it.
If i do so, can i get 80c benefit on top up?
Kindly reply on my mail id.

Regards
Amit.
406. narendra says:
Dear Sir,
We have two property
Ist propert it in joint name me and my wife who is govt employee. I have take staff loan from my
company and paying eniter emi. My wife is not paying any amount towards loan repayment.
2nd propert- taken in my wife name and her income is quite sufficient to meet emi requirment. But due to
bank requirement, bank has made me co-applicant, however i am not co owner of 2nd house. Entire emi
will be paid be paid by my wife throuth her salary account.
Pls let me know the tax treatment. How can we both get the maximum benefit.
Rgds
Narendra
407. Vijay says:
Wanted to know whether persons living with HIV have any special tax rebate as that under 10i etc.?
srinivasan says:
NO, NOT YET
408. sumit bansal says:
I have a query, If wife is dependant and studying. Can her husband claim rebate on her tuition fees
under section 80c
Balaji says:
No Only children tuition fees is eligible.
SAGAR RASTOGI says:
YES , I AGREE WITH BALAJI.
409. Dinesh says:
I am Purchasing a Flat in mumbai, the stamp duty paid for the same is allow for the deduction u/s 80C,
my question is, if i pay the stamp duty in current year i.e on 27.03.2011 and register the agreement in
next year i.e 05.04.2011, am i allowable for the deduction of stamp duty in current year and registration
charges in next year.
Your immediate reply will be highly appreciated.
Regards
Dinesh
410. sreeharsha says:
Is Surrender leave encashment has an excemption for incom tax under 80C?
Jack says:
May 4, 2011 at 12:18 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
Yes i think so i mean its not taxable i guess
SAGAR RASTOGI says:
SURRENDER OF SALARY IS NOT TAXABLE AT ALL..
411. Sunil says:
I am not able to understand how or which amount a senior citizen can claim deduction u/s 80c in the
senior citizen saving scheme ( post office ) ?
412. amit singh says:
sir my annual income is Rs.422200.I WANT TO KNOW TAX REBATE U/S 80C. HOW MUCH REBATE
WILL GOT.IF I HAVE 4 LIC POLICY.ME,MY HUSBAND AND MY 2 CHILD
Sunil says:
Amit you did not mention the amount of the policies
narendra says:
i think ,you need not required to have policy for all members of ur family. the policy the a single
key person will be enough.
Do like this:
Claim under section 80c
a)pay insurance 30000
b)Pay tuition fee of your child=10000
c)Purchase a house and claim Repayment of house Loan=50000.(To-let the house property to
claim interest portion,if it is more than Rs 150000)
Remember from year 2010/4/1The limit U/s 80 has been increased to Rs 120000.
Tax evasion is crime but tax planning is inevitable.
413. dashrath k says:
what is the limit of lic premium exempt from i tax 80c
srinivasan says:
OVER ALL LIMIT UNDER SEC 80-C IS RS.1,00,000/- AND ADDITIONAL LIMIT OF RS.20,000/-
IS ALLOWED FOR INFRASTRUCTURE BONDS
414. govind says:
is there any exemption on following
1 RELIANCE DIVERSIFIED POSER SECTOR FUND-RETAIL GROWTH PLAN-GROWTH OPTION

2 RELIANCE REGULAR SAVING FUND EQUITY PLAN DIVIDEND PLAN
KINDLY SUGGEST ME.
SAGAR RASTOGI says:
IF THESE ARE ELSS THEN THEY ARE ELIGIBLE FOR DEDUCTION U/S 80C.
BUT FOR YOUR INFORMATION GAIN ON SALE OF THESE FUNDS IS NOT TAXABLE.
415. r k gupra says:
my daughter is studying in college. she is assessed to income tax and having the income from bank on
deposits.Now i want to know if she pays her tution fee from her own account then whether she will be
ekigible for 80 C
416. r k gupra says:
dear sir
my daughter is stuyding in college and she is tax payee and assesee to income tax.
she has income from bank interest now i want to know if she payes her tution fee from her own account
the whether she will be eligible for deduction u/s 80-c
srinivasan says:
YES IT IS ALLOWED.SINCE ASSESSEE CAN CLAIM GET THE BENEFIT
417. Santosh says:
Sir,
I am presently working for government of India since Sep 2010. During my PG(2007-2009) I took
Education Loan of 1 lack and now i am repaying it through EMI of Rs 2400 from Dec 2010. So can I avail
any Tax exemption in this regard please convey it to my E mail ID
KANNAN says:
April 8, 2011 at 6:44 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
no..for the capital you are repaying ll not get tax eccemption.only for the intrest you are paying
can get tax excemption
418. Ritesh Samuel says:
If two person take the housing loan on combined basis so can both the person get the deduction under
80c and under section 24 on pro rate based.
SAGAR RASTOGI says:
IF YOU ARE CO-OWNER OF THAT PROPERTY THEN YOU BOTH CAN CLAIM DEDUCTIONS.
419. arup kumar das says:
to Chandra Sekhar
He may purchase Rs. 10,000/- NSC.(Please consult tax-consultant for correct information)
420. CHANDER SHEKHAR says:
my income is 170000.due tax 1000.how much amount of nsc i have to purchase to save this tax
Professional says:
Dear Sir,
You have mentioned Rs.170000 as your income. However, you have not mentioned from which
head the income has been earned.
Hence, we assume that it is the income taxable (after all exemption eligible u/s10)on your hand
before the deductions available under chapter VIA. Further we assume that the income mentioned
by you is earned for the year 2010-11.
Having assumed as mentioned on the para 2, You should invest at least Rs.10000/- in any of the
eligible investments (NSC is one of the eligible investments) to take dedcution u/s 80C.
421. CHANDER SHEKHAR says:
i want a tax rebate on 1000.how much amount of nsc i have to purchase for this.
422. Prash says:
Hi,
Im planning a start-up of my own. That will need an investment of something like 1L for me individually.
Will that be counted in as an investment?
Cheers,
Prash
423. SHEELU G says:
My CA claimed Rs.48,000/- as a rent for the shop for the year ended 31-03-2010.Actually Stamp Duty
(Rs.84,000/-) and Registration(Rs.14,000/-) are yet to be paid.Thereafter I will take the possession.then I
paid Rs. 5513/- as INCOME TAX as calculted by him.If I pay Stamp Duty & Registration Charges and
avail tuition fee (Rs.100,000/-),I need not pay Income Tax this year.Am I correct.Secondly, can I NIL rent
for the shop as income.
424. Ghazala says:
I am a single parent (female) of twins age 5 yrs. Can you please advise me how I can save tax except
tuition fees. I need the best way where I can earn maximum profit with less risk. Is it possible to save tax
which has been already deducted this year from my salary? Please answer ASAP.
Professional says:
Dear Madam,
There are many kinds of investments which are eligible to be claimed u/s 80C. These include
PPF, NSC, FD (for five years), LIC premuim, Housing loan principle repayment, Certain Mutual
Funds.
Investing in PPF, NSC and FDs will get you assured, however moderate, returns and further you
no need to fear for the investment is being eroded. There are lock-in period for these investments.
Investment in Mutual fund (not all the mutual funds are eligible to be invested to claim dedcution
u/s 80C. Further is worth to note that the mutual funds eligible to be invested and claimed u/s 80C
used to have a lock-in period of three years)may get you a higher return than the investments
such as PPF, NSC, FD etc based on which scheme and which MF you have invested. The Mutual
fund scheme which yield high returns are normally invested in the equity funds and thus, needless
to say, the amounts invested are exposed for being eroded.
We strongly recommend to take advise from your CA before you invest your hard earned money.
Professional says:
You have not mentioned if you are employed or carrying out your business/profession. We
assume that you are employed and give the below mentioned solutions
If the total tax payable by you for your salary income, after considering the investments you made
(now) to claim dedcution u/s 80C, is LESS than the amount already deducted (as TDS) by your
employer, then the excess deducted over the total tax payable can be calimed as refund from the
IT Dept by filing your tax return.
If the total tax payable by you for your salary income, after considering the investments you made
to claim dedcution u/s 80C, is MORE than the amount already deducted (as TDS) by your
employer, then the balance tax payable (over the TDS already deducted) will be deducted by your
employer from March11s salary.
425. raj says:
Hello,
My yearly income is 6lacs. I invest in PPF, Life Insurance upto 1lack and 20thousand in infra bond and
top of that have mediclame also.
My query is if i go for home loan and if my EMI is Rs18 thousand how much will be i able to save more
on income tax. i.e already i am saving tax on 1.20 lacs by investment in ppf lic ect. will i get more tax
benifit if i go for housing loan.
426. santosh ghag says:
I have purchased a house which is under construction and hoping to get possession in coming year
2011, I have paid stamp duty on nov 2010, so can I claim this amount under 80C this year or the year
when I get possession. Please suggest.
427. puneet agrawal says:
Dear Sir/Madam
428. Surunesh mitra says:
Sir/Madam,
I would like to know whether the post office MIS is exempted from the income tax under 80C.
secondly, my wife has been gifted a plot of 1200 Sq Ft, the stamp duty charges can be included from
exemption from income tax.
429. RISHU GARG says:
Thanks for this article.
I would like to know whether deduction in respect of amount deposited in Recurring Deposit Account of
Post Office whose term is of 5years will be allowed U/s 80C or not.
Please clarify.
430. M.V.Rao says:
Sir ,
I have taken a Bhima Bachat Policy , a single premium policy from LIC with the single premium of Rs.
84,000/- the Sum Assuerd policy value of Rs. 1,10,000/-. My Drawing & Disbursing Offcier says that only
20% of the sum assued Or the premium amount paid , which ever is least is only eligible for tax relief
under section 80C. So he allowed only Rs. 22,000/- instead of Rs. 84,000/- . I feel it is not as per rules.
so please clarify it.
431. kavita says:
I booked a flat & paid stamp duty & registration charges & flat is under construction,can i take a
deductionof stamp duty charges under section 80 C
Please reply me.
432. kavita says:
Hi.
I am claiming for exemption under section 80C Stamp Duty and Registration Charges for a homeMy
company is not excepting the same. They sya it should be claimed after possession of the house. Kindly
guide me.
Thanks,
Kavita
R Mahalingam says:
Hi
The question of claiming benefit AFTER possession of the property applies only to interest. The
principal paid even during construction period (including land registration charges) can be claimed
in the year of payment under Sec 80C.
The relevant sub-section under Sec 80C reads as follows (reconstructed for ease of
understanding):-
In computing the total income of an assessee, being an individual or a Hindu undivided family,
there shall be deducted, in accordance with and subject to the provisions of this section, the
WHOLE OF THE AMOUNT PAID OR DEPOSITED IN THE PREVIOUS YEAR, being the
aggregate of the sums referred to in sub-section (2), as does not exceed one lakh rupees.
(xviii) for the purposes of purchase or construction of a residential house property the income from
which is chargeable to tax under the head Income from house property
The words the income from which is chargeable to tax is misinterpreted as a pre-requisite for
deduction under Sec 80C. It should be read with the following words under the head Income
from house property so that the actual import is understood. What it implies is that the payment, if
is made towards a loan taken for any non-residential property, then it is not eligible under Sec
80C.
Hope it clears your doubt.

433. balakrishnan says:
Whether the post office recurring deposit scheme is elegible for deduction U/S 80C?
434. sunil kumra says:
please mail me various section under income tax for a salried person in detail& obluge
435. Jayasankar.S says:
Hi,
I paid Rs.50,000/- in SBI ULIP. Can show full amount in 80c?
Rgards
Jayasankar.
436. sunil kumra says:
i am a saliried person i am suffering from ulcerative colitis i claim the medical bill from my institution as
per income tax rule excess of rs 15000/- is tax able i.e will add in my income as income from other
soursces
can i exempted under sec 80dd or 80ddb i mean to say my problem ulcerative colitis is eligible for Rs
40000/-
437. CA Sushant says:
Yes, subject to codn. that u have not taken deduction in MArch11.
438. Sanjeev kumar says:
Sir,
I have taken a loan from HDFC in joint names(me and mywife) and i was pay the principal amount to the
bank. Bank was taken the payment through ECS on my account only.
So please tell me about
1.i was good for me because i was pay principal amount to the bank or i pay only interest to bank.
2 it was possible my wife was taken the tax benefit on behalf of me.
439. Hemant says:
How can I benifited from tution fees & what is the process to take the benifit from tution fees.
440. Subbarao says:
Sir,
Does the registration & stamp duty charges done in Feb 2011 can be claimed in April 2011 under 80c of
IT?
441. yogesh says:
Whether deduction under income tax act is available for leave encashment at the time of retirement ?
442. jai says:
Hi,
Repayment of housing loan but said housing property under construction than can i get 80 C benefit on
repayment.
also can i get benefit U/s 24 for Interest on hosiung loan which property is under construction.
thanks,
jai
443. jayantibhai says:
disability benifit in income tex
444. jayantibhai says:
dis ability deduction under 80cc
445. shyam says:
hello
i had done a coarse in NIIT and APOLLO coaching centre.will it deduct in it.
please reply
446. MURLI MANOHAR says:
hi sir,pls clear me for 80c deduction for childern education limit and ppf limit and home loan principal amt.
and
80D medical insurance benifit for self and mother/father limit.
please repply me
thanks sir
447. sachin says:
kya 80c mai 20000 rs bond ki deduction extra hai a.y.10-11 mai
448. Sachin says:
I booked a flat & paid stamp duty & registration charges & flat is under construction,can i take a
deductionof stamp duty charges under section 80 C
Please reply me.
449. murali says:
Hi, I have savings more than one lakh to get exemption u/s 88. One of my friend told me that i can invest
20,000 over above one lakh under this section. Please inform me how i can purchase infrastructure
bonds. What is the minimum amount that I have to spend on this item.
450. Rakesh Sharma says:
Dear Prabhakar,
As per my view, Interest paid on preconstruction or under construction prop.; or interest paid till the
property is not occupied the interest paid is capatilised.
Thus only deduction u/s 80c is available.
451. Neeraj says:
I am salaried, my father is retired from govt. Can I show his LIC and bank Fixed deposit as exemption.
Please suggest..
Rgds
Neeraj
452. D Durairaj says:
Sir
My personal income tax assessed from March to Feb. I paid my insurance premium during March. Can I
claim the premium deduction in the Month & year of payment
Thanks
D Durairaj
453. prabhakar says:
I am having a home loan for a flat purchase, which is under construction. it was suppose to be get
occupied in dec 2010, but still it is under construction only, so it is not occupied, I do not have occupation
letter from builder. I have bank statement (bank certificate) from a nationalize Bank, having all priciple
amount (Rs. 178000.00) and interest amount (Rs. 80000.00) paid for this financial year.
Can I get tax benefit on this home loan ? Please suugest.
Thanks
Prabhakar
454. prabhakar says:
I am having a home loan for a flat purchase, which is under construction. it was suppose to be get
occupied in dec 2010, but still it is under construction only, so it is not occupied, I do not have occupation
letter from builder. I have bank statement (bank certificate) from a nationalized Bank, having all priciple
amount (Rs. 178000.00) and interest amount (Rs. 80000.00) paid for this financial year.
Can we get tax benefit on this home loan ?
Thanks
Prabhakar
455. Kavitha says:
Hi,
I want to do TimeDeposit for five years in the post office for my tax planning. But I am hearing from few
of the Post office employees that this policy cant be exempted under 80C section. Is it true? Please
clarify.
456. v,narayanan says:
my wife is income tax assessee and paying tax. and she has opened ppf account and paying minimum
contribution. she was unable to contribute more amount in ppf since 80c was over flow. in this
connection, i may kinly be clarified if i invest maximum rs 70000/- im my ppf account. the said amount
will be taken to my husband income under 8c in his return. kinly clarify
457. vellayan says:
Dear Team,
I am a salaried person, during current year i have purchased a residenital vaccant plot, which i have
planned to start construction during next year. Whether i will be eligible for claiming the stamp paper and
registration charges as deduction under section 80 C
458. Sreekanth says:
Is Loan taken on site is eligible under sec 80c(2). The loan taken on site and house not constructed on
this site.
Is the interest amount eligible for tax saving under 80c(2).
Regards
sreekanth M
459. Nitesh says:
Hi,
If I myself is pursuing higher education (Graduation), in that case tuition fees paid by me in cash (without
any education loan) comes under tax relaxation or not?
there is a point of individuals tuition fee under section 80C.
Please confirm
rakesh says:
yes, u can take the benefit of tax relaxation u/s 80C of the income tax Act.
no education loan is required at all.
460. Vijay Sharma says:
Hi,
I have 5 year tax saver FD. I opened it in year 2008. Can i show it every year tax exemption or do i need
to open it every year.
Kindly suggest.
461. Digvijay Thool says:
I Have invested nearly 36744/- in LIC and 5000/- in PPF and 5000/- in INFRA BONDS.
Please tell whether i have to invest further to save my tax.
My gross taxable income is 2.18Lacs.
please guide me through this.
shammi jhanwar says:
you can make Investment in mediclaim policy its premium deductable u/s 80 D up to Rs/- 15000/-
462. SURYA PRAKASH says:
can a person claim rebate of repayment of amount against housing loan taken for two separate
properties, one in his name and secone jointly with hi wife for which the repayment in full is made by him
only.
463. Sachin Chawla says:
What are the options for tax saving other then the 100000 (chapter VI-A)? Please advise.
you can purchase merdiclaim policy
464. Dake D.G says:
I had purcahsed home in Dec 2010 but I have not get the possesion yet so can I claim it for tax benefit
under 80c for stamp duty and regeistration fee
465. SIDDHARTHA KANSABANIK says:
whether 5 years tax savings fixed deposit scheme would be encashable after 1 year.
Neeraj Gulati says:
Yeah, you can encash but you may lost interest of
this, FD can be discounted before maturity.
466. Naushad says:
Dear,
I want to know if Stamp duty paid on purchase of Land can be considered under 80C??
Kindly suggest.
Regards,
Naushad
467. Sameer Bhagwat says:
Sir, Can rebate for interest component of the EMI be claimed for more than House/Flat. In other words
can this rebate be claimed for two units.
yes you claim emi deduction u/s 80 c in two units but max. limit is 100000 only
468. ANUPA MATHEW says:
WHAT IS THE LIMIT FOR EDUCATION FEE TO AVAIL INCOME TAX BENEFIT. IS THE PERSONAL
TUTIONS FEES PAID TO COACHING CLASS CENTRE LAIBLE FOR TAX BENEFIT.
no you can not claim tution fees paid to personal coaching classes under this section because 80
c deduction included tution fees paid to only reco. education centre like college,school.
469. Rafael says:
Hi,
I have purchased a land recently (FY 2010-11) which is jointly registered in my wifes name and my
name. The Stamp Paper charge (8% of the lands cost), Registration & Stamp Duty (1%) all together
came around Rs. 1,57,000/-
I would like to know if I and my wife can use this whole proportion for tax rebate under sec 80C (Stamp
Duty and Registration Charges for a home) for this financial year.
Note: Though it is a land, it is been purchased for housing/residential purpose but the construction will
commence only after 2 years from now.
Kindly help me in this regard.
Thanks,
Rafael
Iqbal Grover says:
Hey Rafael.
I have a similar issue as yours..

Did you get a solution to your problem ?
Please let me know when you get to know anything about it..
Thanx..
470. Utsab says:
I just saw an article that if thee insurance coverage under a particular life insurance policy is less thaan
20 times the annual premium then the premium paid will not be tax free and any income generated out of
this policy will also be taxable? Is this true?
471. shridhar prabhu says:
i wanted to know the maximum deduction of principal amount of housing loan available under section
80c
472. SHAJU MATHEWS says:
DEAR SIR,
I have taken a loan of 1.25 lakhs from a bank of which i am repaying it monhly from the last 18 months
as deducted from my salary account of Rs 3575/- of which no reciept is there but my bank statement
reflects it every month. Can i use this for my 80C deduction
SHAJU MATHEWS
473. devang shah says:
Hi,
I am paying lic premium and mediclaim premium of my father. he is dependend on me. Is lic premium
and medical primium of him granted to me as per 80c.
474. Guruprasad C H says:
Dear Sir/Madam,
Will the tax percentage be decided based on the total income arrived at, after deducting the investments
under 80C?
E.g. Assume my total taxable income is 5.5 Lac/annum which comes in 20% tax bracket, and if I invest
Rs 75,000 under 80C how will tax percentage be decided? is it still on 5.5 lac or on 4.75 (5.5-75000) lac?
Regards,
Guruprasad
475. KUNDANLAL says:
Respected Sir,
80C has the maximum limit of Rs.1.0 Lakh. Over and above can we take 80D for further deduction of
Rs.15000 and 80CCF (Long term infrastructure bond) up to Rs.20000.
i.e. total Rs.1,35000.
Thanks
Kundanlal
476. vikas gyanchandani says:
Hi,
Is there any schema for which I can save tax, but the period of investment should be 1 year max and I
can takeout the money after 1 year, even if I dont get the interest rate.
If not, which is the minimum period investment scheme available.
Regards,
477. Manish says:
Dear Sir
If Housing Loan is in both real brothers name, Can both claim full amount of Housing Loan Principle and
Interest. Both are workings.In this case both brothers want to claim the full principle and Interest amt. for
tax saving purpose
Please advise.
Thanks & Regards
Manish Kumar
478. renuka says:
i have a own house can i show rent receipt for salary people
thanks
479. SUMAN KUMAR JHA says:
dear sir,
i purchase kisan vikas patra (kvs ) from indian post office, plz advise me kvs is avlable for decucton of
undersection 80c for salary person.
regards,
suman kumar jha
480. sagar jadhav says:
pls inform me that which plans of the lics having deduction available
481. Ravi Kiran.D says:
Dear Sir,
Suppose if our own residence under construction is in Vijaywada and iam residing in
Secunderabad.Then am i not eligible to show the tax deduction for Home interest or principal repayment.
And am i not eligible for the house rent for tax deduction. Eligible for Both or either of
482. Sivasubramanian says:
Is there IT exemption for my daughter, who has paid Rs.50,000/- in the PPF account of her
DEPENDENT mother?
483. susheel says:
which are the eligible investments, to recieve additional deduction of Rs. 20000 above Rs. 100000 under
sec 80C
484. raghu says:
Dear Sir
If Housing Loan in both husband and wife name, is there any rule for claiming proportionate amount of
Housing Loan Principle and Interest. Both are workings.In this case husband want to claim more portion
of the interest to save tax
plse advice at early.
thankq
485. jay prakash narayan singh says:
my sons school is charged inclded an anual fee of Rs.2800.00. can i avail deduction u/s 80c for it?
486. m.shanmugam says:
kindly inform maximam saving can be made u/s 80c
487. Chandrakant says:
Pl. let me know . can i deduct house rent from my income? and what is the limit.
488. nagaji says:
I want to take new home on my wife name. Bank are ready to pay the lone to my wife . I will be gurantor
for her. EMI will deduct from my salary account. Can i take the tax banifit 100%. Because House is not in
my name but i ampaying th EMI as gurantor.
489. Jayan Naik says:
Sir,
Me and my wife have recently purchased home, She is second party and i am the first party to purchase.
I have paid Stamp duty and registration fees from her account via DD. I wish to know that can she claim
the Registration fees and can i claim other part of stamp duty.
please note EMI will be deducted from my account.
Secondly can she claim the whole stamp duty and registration fees.
490. prashant says:
hi,
I had invested 50000 in ELSS last year.I availed Deduction for the same. now i need money for some
reason.
Can i Sell ELSS & withdraw money? (though there is a lock in period of 3 yrs, is there any provision
about withdrawal in IT laws?)
491. Abhinay says:
Hi Srinivasarao you can show your parents LIC premium amount for tax exemption under section 80C.
Thanks,
Abhinay.
492. VIVEK CHEVLI says:
IF I MAID PAYMENT OF LIC PREMIUM FROM MY NRE A/C. IS IT TAX DEDUCTIBLE?
493. K V Chari says:
Post office senior citizens Savings Scheme: On maturity it can be extended for 3 years from the date of
maturity. In such a case, kindly clarify whether whether the deposit extended will qualify for concession
under 80-C
Regards
K Venkatachari
494. Srinivasarao says:
sir,
If I Paid life Insurence premiums for my father and mother, they are dependent on me whether it is
exmpted under section 80C.
495. karthick says:
Sir,
I am an IT professional. My father got a home loan and now i am paying the principle. In the loan
document me & my brother also signed for the repayment of the loan. Can this home loan is eligible for
section 80C. Can i get the tax exception for this in my income.
Thanks,
Karthick M
496. varsha says:
sir,
i am state govt. servant,i have taken a policy in the name of my husband,now i want to take 80 c
deduction on it.what documents will require for it,which show it my husband is not getting benefit of that
policy u/s 80c. plz.help me
thanks
497. suresh hegde says:
Other than Section 80c and 80CCC where I can invest so that I can get IT rebate/benefit
Hegde
498. Raghavendra says:
Hi,
I have paid 20,000 for my kids school as registration fee and administration fee to a trust. I have got the
reciept also. Is this 20 thousands will come under 80c will i get tax excemption on this, please let me
know.
I am also paying tusion fee about 27 thousands, will this also comes unders 80c
Please let me know
Thanks,
Rag
499. g.krishnamurthy says:
pl.clarify whether senion citizens savings scheme opened at SBI which gives 9% interest and with a lock-
in period of 5years qualify for tax exemption under 80c? The bank people or the postal staff do not
commit to the question of tax exemption in this scheme while canvassing for it. I have invested Rs.1.00
lakh in it last month. pl.clarify.
500. Rashmi says:
My father is gvt employee..his income lies in tax slab at @20%..his saving cross 100000in
dfrnt.form..like GPF,LIC premium..can he save tax by diffrnt investment?..except dsaving limit?plz tell
as soon as possible
501. parveen kumar says:
my wife is a govt. employee. she purchased a plot.i am also a govt employee.Bank is ready to give me
home loan.
can i save my income tax through this loan
PARVEEN GOYAL
MANSA(PB)
502. Shivani Joshi says:
Dear Sir,
My Fathers income is 444800 p.a.We pay LIC premium of Rs 48000+NSC Rs15000+PPFRs5000
Please compute our tax liability & advice how to save tax ?
Yours faithfully
Shivani Joshi
503. Dr. RABINDRA KUMAH JENA says:
KINDLY SHOW GUIDE LINES TO GET MORE Deduction, SAY 150000 OR MORE.
504. Dr. RABINDRA KUMAH JENA says:
Very much helpful. WSish ur advice all along.
URS Dr.R.K.JENA
505. M.B.Desai says:
Recently in Nationalised Banks the retirees were given SECOND PENSION OPTION and for that they
have to pay certain amount towards PENSION FUND GAP .
Whether this amount is exempted from income-tax? If yes then it is full amount or a limit?
I think this information will be useful to entire community of bank retires opting for second pension option.
Please write to me , even at:-
themaheshdesai@gmail.com (mailto:themaheshdesai@gmail.com)
Thanks a lot in advance.
M.B.Desai
506. Rakesh Khatri says:
No,deduction u/s 80c to 80u are not available for short term capital gain
507. rajan says:
can we save short term capital gain with invest in 80c
508. Narendra says:
can i invest Rs.1 Lakh in NSC
509. v v n murthy says:
Dear Sir
If Housing Loan in both husband and wife name, Can both claim proportionate amount of Housing Loan
Principle and Interest. Both are workings.In this case husband want to claim the portion of the principle
and portion to wife.
Please advise.
Thanks & Regards
V V N Murthy
510. Gopi says:
Under Life Insurance Premiums i am not clear about the sentence If you are paying premium for more
than one insurance policy, all the premiums can be included
Plese can anybody explain
511. avinash kumar says:
can I claim rebate on fees other than tuition fee of childrens education expense under 80c?
512. v.Govindan says:
My question is whether any nationalised Bank will accept the senior citizens scheme 2004 at Chennai?
513. v.Govindan says:
Sir,
Where I can invest in Chennai in the senior citizens scheme 2004. Can it be done in any nationalised
Bank?
514. Randeep says:
Hi,
Please advise if a NSC or a FD in my name would be valid for my husband to declare as savings under
80c.
Thanks
Randeep
515. mukesh rohil says:
November 14, 2010 at 12:08 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
i have rd in a post office for the 5 year can rd is under 80c saving scheme
516. KAMESWARA RAO says:
Sir,
Recently i bought a Residential site(220 sq yards) at Kakinada. I have paid around Rs 58000/-(8.5%) as
registration charges for this property(stamp duty)
Now, i would like to know from you that: Is it Eligible for Sec 80c Exemption? If Yes pls let me know what
is the Limit?
My mail ID is Kamesh.vaddadi@yahoo.in (mailto:Kamesh.vaddadi@yahoo.in) &

kamesh.vaddadi@gmail.com (mailto:kamesh.vaddadi@gmail.com)
pls inform as early as you can.
Regards
Kamesh.
517. jaideep says:
November 6, 2010 at 10:24 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
sir,i want to get exemption other than 1 lakh
i heared about the IDFC infrastructure bond,just tell from where i can buy that bond and what i heared is
rigth or wrong
518. prasad says:
Hello All,
can you tell me pls criteria of LiC premium for Parents
519. K.Gururajan says:
Sir,
If a home loan EMI is more than Rs. 1 lac is fully deducted or not
520. ksdhaliwal says:
what about infrastructure bonds is their deduction over&above one lac
521. MOHAN says:
IS INVESTMENTS IN MUTUAL FUND ATTRACTS DEDUCTION U/S 80C
522. soldier says:
Kindly let me know the investments eligible under sec 80c described in dtc
523. K.A.Sampath says:
I have taken home loan in my wifes name and I stood as co-borrower. When my wife approached for tax
benefit for home loan, the employer said that only 50% of the amount repaid towards Principal and
Interest will be taken into account and the remaining 50% should be claimed by me since both of us
working.Is there any such Income Rules says so. Please clarify me.
524. Aditya Jain says:
Sir can u please tell me can i claim deduction in respect of rent paid by my father..if yes wat is the limit
525. ag thaj says:
Dear Sir
1.property is in the name of my father and i repay the housing loan through my account. so who will be
eligible to get deduction u/s 80C
2.NCD Is under 80C or not
526. CMA Pralay says:
Contribution to ELSS got the deduction u/s 80CCB.not u/s 80C.just chk it out..
527. suresh says:
If NSC was on two persons name my & my mother name, amount paid by me, is it applicable under 80c
for my Tax saving?
528. ravi says:
Tax Saving bonds/NSC/POKVP taken in the name of my parents will be considered under 80C or not.
529. Sanjeev Mishra says:
I want to buy IDFC Infra Bond for Rs.20000/- in the name of my wife who is a housewife. Please tell me
this amount can be claimed for rebate in income tax by me.
530. pnpatel241189 says:
can a mother gift her property to her daughter in law(sons wife). is there is any provision to get tax benifit
531. shrutika says:
can a mother gift her property to her daughter in law(sons wife). is there is any provision to get tax
benifit.
532. Bharat Jain says:
NCD Is under 80C or not
533. Bharat Jain says:
I Invest In NCD It is Exempt In 80C or not
534. Narendra Nath Hazra says:
I invested in LIC policy for my only grand son who is 8 years old for his education and his parents
capacity. Am i eligible for deduction under 80C
Thanks
535. M L Pandey says:
Dear sir, i bought a flat in Naini allahabad and paid stamp duty & registration of rs 81000/-. the property
registred on 30/06/2006. How and what amount can be claimed as income tax benefit.
536. Vikram Singh says:
My question is if grandson is life to be assured,father is proposer & grandfather is Payer can grandfather
take the tax benefit for u/s80c
Thanks & Regard

Vikram Singh
Haridwar (U.K)
537. jalpa shah says:
sir
property is in the name of my father and i repay the housing loan through my account. so who will be
eligible to get deduction u/s 80C
538. puneet mahajan says:
Sir,
Our Business Income is 216000/- in A.Y. 2010-11. Our Home Loan Interst is 24365/- and I will Pay
8000/- Per Month as a EMI on House Loan. Lic Premium is 5000/-. What amount can be claimed as
deduction and calculate income tax on such income.
Thanks
539. hiralal says:
sir i want repplai
540. jaynandan prasad says:
dear sir, i bought a flat in navi mumbai and paid stamp duty & registration of rs 183000/-. the property
registred on 30/08/2010 and possession is being given on dec 2010. how and wat amount can be
claimed as income tax benefit.
thanx
541. hiralal says:
sir i taken home loan from SBI for purchase house but i cant get pussetion how i get tax examtion.
542. Sampath says:
September 2, 2010 at 2:46 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
Hi,
I am staying in rented house chennai and getting HRA exception (Under Sec 10) by submitting rent
receipt.
I would like to buy a house at my hometown for my parents by taking housing loan.
So, can i get benefits of both HRA exemption (Under Sec 10) and Housing Loan (under sec 80c for
Principal and Sec 24 for Interest)?
Thanks in Advance,
Sampath
543. abhay srivastava says:
I want to purchase a house in the name of my wife to save stamps on registry. She is a house wife.
I have applied for house loan from HDFC Bank, will I be eligible for tax rebate on house loan.
Read more: http://www.taxguru.in/income-tax/all-about-deduction-under-section-80c-and-tax-

planning.html/comment-page-4#comment-29738#ixzz0yLWXyKs3 (http://www.taxguru.in/income-tax/all-
about-deduction-under-section-80c-and-tax-planning.html/comment-page-4#comment-
29738#ixzz0yLWXyKs3)
544. abhay srivastava says:
I want to purchase a house in the name of my wife to save stamps on registry. She is a house wife.
I have applied for house loan from HDFC Bank, will I be eligible for tax rebate on house loan.
545. Pankaj Kumar Singh says:
Dear All,
I have purchased a residential plot jointly with my cusin.My query are:

1. How much amount can i claim u/s 80 C for the payment of stamp duty.(is it 50% of total value of stamp
duty or full value.)
2. I have sold the plot in same financial year. Even then can i calim the tax exemption U/s 80c for the
payment of stamp duty.
thanks in advance.
Pankaj
546. sunil says:
thank you
547. CA Vijay Kumar.G says:
Deduction U/Sec.80C can be availed by the individual only on the insurance premium paid by such
person only on the name of Self, Spouse and children.Hence, Mr.Sunil u can claim deduction on the
amount which u hve paid for ur wifes Insurance policy.
548. ravi says:
i want to all update about tax & bussines related rules & regulation
549. sunil says:
I took a Life Insurance Policy on my wifes name for which i am paying the premium as she is housewife
and have no source of income. Will i get the benefit under section 80C of Income Tax Act
administrator says:
August 24, 2010 at 6:46 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
yes. you will get the deduction.
550. sanjay says:
i am paying mba fees of Rs. 10000=00 can i claim for deduction u/s. 80c ?
551. Murali says:
Hi,
The property is in my dads name, now i am planning to take a home loan on that property for
construction purpose. He is retired and not working, I will be paying the EMI, will i be eligible for tax
benefits/ savings.
Thanks in advance,
Murali
552. Chandrakanth Nawgrahe says:
under section 80c let me know zero tax amount for year 2010-2011
administrator says:
August 13, 2010 at 6:07 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
Under section 80C income is exempt up to 1 Lakh.
553. nagesh kini says:
Are premia paid for critical illness covers of life insurance policies tax deductible under 80C or 80D any
CBDT circular on this issue?
554. Anil says:
if my dad pay LIC premium can i get benefit of deduction u/s 80C & premium is paid through cheque of
dad bank account
555. Ankit says:
Sir,
I am ankit i m having govt job and a personl loan EMI of 8000/- and having agriculture income too.
having expenditure on it too. and my son is outside of city for education so please tell me that what con
be a good financial planning for me. my monthaly income is 22000/-.
Thank You
556. Raj says:
I have made investments in Ulip in my parents name. Can I claim income tax benefits for that?
557. CHITTA ROY says:
Intimate exact deduction for 2010-11 for 80 C to be saved.
558. Praveen says:
Can a person claim income tax benifit on the principle or interest amount of the Home Loan which is in
the name of the spouse only?
559. Vikram says:
Can i get income tax rebait on mortgage housingh loan
560. khandoori says:
My second question is can the investment made in the name of wife under section 80c can be clubbed
with the investment made in the name of husband while submitting retun by husband. If the wifes
earnings are not taxable.
Is it applicable for vice versa too?
561. khandoori says:
Hi
If interest earned on my saving bank account(salary account) was 5000/- then will I have to add this in
earnings and caluculate the tax accordingly.
If yes then can I revise my return for the assessment year 2008-2009 to add the earning from my saving
bank account in the year 2008-2009.
562. Shrikant Upadhyay says:
Hi,Can i avail benefit to take policy for my father u/s 80c in HUF.
administrator says:
July 24, 2010 at 6:43 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
YOU WILL NOT GET ANT BENEFIT
563. Vinay says:
Hi,
I have a apartment under construction and it would ready in Dec 2010.
I had been paying intrest and prinicipal on it for last 5 years but since I am not having any income in India
I didnt file any returns for last 4 years.
1) Now is there a way I can file return to show the intrest paid for last 4 years and account for it as CFL ?
2) Also is there any way to get any tax benefit on principal already paid ?
3) If yes to any of the 2 above which ITR form and which area of the form shall I show intrest and
principal under ?
4) If I get it registered under my brothers name ( or add my brothers name) now can he claim the
intrest portion for last 4 years as he has income in India.
564. Sandip says:
1)Can i get tax benefit for property insurance which is already included in emi or it already taken care in
emi amount of bank certificate of loan repay
2)can i get tax benefit for life insurance cover and under which section like where to mention in itr1
565. Senthil says:
As stated under this section given below:
Life Insurance Premiums: Any amount that you pay towards life insurance premium for yourself, your
spouse or your children can also be included in Section 80C deduction.
My wife was paying premium for one of the LIC policy till last year and i wish to continue from this year
onwards since she has resigned and decided to be a house wife.
The organization i work had stated they will not accept this premium for 80cc deduction on my income
tax since it not on my name. Please advice, If we have a document ( IT ACT / Rule) which i can provide
to my company to substantiate this.
566. Milind says:
Assessment year 2010-11
FYE 31st March 2010
80 C Investment static at 1 lakh or hiked to 3 lakh
567. Praseeda says:
Hi, I have an LIC which is in my name. I have paid 4 quarterly installments in the financial year 2009-
2010 and I have claimed the amount for 3 installments under section 80C.I have got my form 16 as well.
I would like to know whether my husband can claim the remaining amount for the 4th installment in his
income tax return?
Thanks a lot for your time,
Praseeda
administrator says:
July 20, 2010 at 8:19 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
Yes he can
568. PIRABAHAR says:
Dear Sir,
Please confirm whether SBI MAHA ANAND II covered with tax benefit u/s 80C.
569. pirabahar says:
SBI Life MAHA ANAND II
Please confirm does the investment on above scheme have tax benefit u/s 80C.
570. Ravindra says:
In case of Joint Housing Loan in f/o of Husband & Wife, the Housing Loan Principle under Section 80-C
& Interest payment u/s 24 can be partly claimed by both or not.
571. jayeshpatel says:
What is limit of Housing loan interest in tax rebate for salry person
administrator says:
July 9, 2010 at 1:57 pm (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
150000/- for self occupied house property.
572. Rajat says:
1) I had taken loan only to purchase a plot.
2) Last December I have taken another loan to purchase a Flat which will be registered on my name in
the coming month.
For both the cases EMI had started. Shall I get tax benefit on Principal and Interest amount paid, for last
F.Y ? pls reply.
Thank you Sir.
Regards,
Rajat
573. anoop sathyan says:
My annual income is Rs. 2,16,000. And I dont have any investments so far except for a personal loan
from HDFC bank for Rs. 1,17,000; and my childs education fees. According to the slab I have to pay
10%, i.e. Rs. 21,600/yr as tax. What are the best investments that I can have to save this amount? I am
interested in Life Insurance/ NSC/ ULIP.
How much do I have to invest as a whole or which investment gives me the best benefit to save this tax
amount?
I am an amateur in this field so kindly advice.
Looking eagerly to hear from you soon.
Anoop S.
574. uttam Kumar says:
I have taken 150000/-personal loan than am I eligible to save my incom tax?
If yes tan please guide me.
Thanks.
Uttam Kumar.
Jsr.
575. Aryan says:
simply i want to know k hum kitne lakh tak ek sal me kisi project(property) me laga sakte hai taki taxed
na ho as i dnt come under taxtation income till now
576. Aryan says:
I want 2 buy a underconstruction flat in noida which over all cost of 13.5 lakh i want to know that if i m
capable 2 pay 50% of the whole amount in Flexi payment plan do i get taxed as my salary is 14kper
month only and i m doing this through the help of my mother and myself and all the payment partly done
through my account only.plz tell
577. sunil KK says:
I have purchased land, can i show registration fee under 80c exemption?
578. Vikram Sirohia says:
Can one claim HRA & also home loan interest exemption U/s 24?
Please clarify
579. Gaurav says:
ya you can claim deduction, but you should claim u/s 24 not u/s 80c
580. Raj says:
Hello!
I have booked a underconstruction flat in Sept-2009 in Mumbai and done stampduty, registration
(Rs.3,50,000) on Jan 2010 possession expected in year 2011
Can I claim payment of stamp duty & Reg Charges payment u/s 80 C in F.Y 2009-2010, even though I
have not received the possession?
Some one told me that you will not get any benefit u/s 80C, since you do not have possession
Thanks
581. sirisha says:
sir, i have received LIC maturity amt on 08.06.2009, wether this was a taxable income under the head
Income from Other Sources. or any othe head.In previous years i was claim deduction u/s-80C for
premium payment on the same LIC Policy.
582. sirisha says:
i got maturity amt rs. 106000.00 whether this amt was included in total income of computation plzzzzzz
tel me imediately
583. VISHWANATH says:
sir,i have sold my agriculture lands by dividing them as sites/ plots.. will i get exemption u/s 54 capital
gain ?? if no , wt are the other ways to get exemptions??
584. suresh says:
I have taken loan from my employer(Govt.department) where the principal amount is recovered first and
then the interest will be recovered later.The property is not completed. Ihave taken loan in the FY 2009-
10.Can I claim accrued interest on housing loan in my tax return i.e. assessment year 2010-11.
585. suresh says:
I have taken loan from my employer.(Govt.Department)where the principal is recovered first and then
interest will be recovered.The property is under construction. Whether the accrued interest can be
claimed under Income from house property in my tax returns for the assessment year 2010-11. Please
let me know at the earliest.
586. sanjay ratnani says:
can registration expenses of residential land purchase admissible under section 80c
587. Harish says:
Dear Sir,
Our building is recently got redevloped under 33(7).our society is already formed.
Society is of 17 members.builder had promised corpus fund of rs.65 lacs.is that amount taxable in the
hand of society? or shall we take it on an individual basis.
588. kinjal says:
sir my wife is doing MBA. should i get deduction of tuition fees under 80C.
589. ajay says:
I HAD CONSTRUCTED (THROUGH A BUILDING CONTRACTOR) ON THE LAND PURCHASED BY
THE SAME CONTRACTOR A HOUSE AND FOR THE SAME I HAD TAKEN HOME LOAN. THE LAND
WAS PURCHASED IN 2005-06 AND HOUSE COMPLETED IN 2006-07. NOW I WANT TO SALE THE
SAID HOUSE. I HAD TAKEN CLAIM OF 80 C FOR REPAYMENT OF HOUSING LOAN THROUGH
OUT THE PERIOD.
MY DOUBT IS WHEN I SALE THE HOUSE NOW, WHAT WILL BE THE TAX LIABILITY APART FROM
THE LONG TERM CAPITAL GAIN.
PLEASE CLEAR MY DOUBT AS SOON AS POSSIBLE WITH DETAILS.
THANKS
590. Ankit says:
Dear Sir,
I payed Rs 32,000.00 as a top-up amount towards my traditional type (not ULIP) insurance policy of
Bajaj Allianz Life Insurance Company..Is this amount liable for Income tax Deduction under Sec 80C ? If
yes, Do I need Tax Benefit Certificate for this amt seperately or the receipt is suffice. pls reply.
591. kuldeep says:
hi ,i want to invest some money inho jeevan saral . my agent says the amount invested in jeevan saral is
exmpted from tax but some other says it is not . please clarify the matter .
592. suman says:
if a person say Mr. A has taken lic poicy and beneficiaries are his spouse and childrens an iF in a
particular year if such premium is paid by his spouse (Mrs. A). can Mrs.A claim it under 80C?
593. Dipesh Gunjiite says:
I am investing 1 lakh every yr under section 80c. having done so still the tax on my income comes upto
20k aprox. can i save this 20k also? can i invest this 20k somewhere?
594. Janardhan says:
I have leased a house for Rs. 6 lakhs and want to claim exemption under HRA/Rent. I am aware about
Tax exemptions for rented house is based on actual rent paid or HRA. I need clarification on possible
exemption on leased house and how much exemption can be claimed. Thanks!Jana
595. Subrahmanyam says:
Hi,I bought house and got registration on March-21-2009,I want to submit IT returns for stampduty and
registration charges,would you please let me know what all documents I need to submit for stamp duty &
reg charges under 80C.Thanks & Regards
Subrahmanyam
596. Raj says:
I have also deposited 3lacs in the local bank for tenure of 2years. But it seems this kind of investment
has a lock period of min 5 years. So can I change the tenure of my FD now from 2 to 5 years so that I
can get tax benefit on this investment. And if I want to withdraw this total amount before pre-mature how
would it affect on interest rates. Will there be any problems should I face/loss in terms of money. Please
advide here too.
597. Raj says:
I want to invest 2k everymonth in SIP-Mutual funds for about 3 years. SO can i get tax exemption on this
kind of investments? Is there any limits on this investments. Please advice.
598. rajesh kumar says:
I have purchased a house in noida in 2000 by taking loan from my deptt in which i am residing.
Now i have recently purchased a house in lucknow by taking loan from hdfc bank in which i am not
residing.
I want to know whether i will get benefit on both the loan.
599. Bharat Kumar says:
i have a ULIP plan having a three years locking period. now after this period i can sureender the policy.
Now the big qestion is weather IS there is any lock in period for the premium paid in the last two years
for which i have allready benifit under sec.80c. Ill be highly obliged if you answer this on my mail id.
600. Prakash Kadtan says:
I have paid Rs 24000 LIC premium in the month of april 2010 having due date in march 2010.Can I show
this premium in the calender year 2010-11 ang get benifit.
601. Sivadas chettoor says:
The limit of rent has been enhanced to Rs 15000/ ie Rs 180000/pa which is sought to be made effective
from July 2010. We will have to wait for passing of the bill.
sivadas chettoor
siva208@yahoo.com (mailto:siva208@yahoo.com)
602. Yogesh says:
Suppose i did stamp duty & registration in previous FY & i got possesion in this FY. Can i claim Stamp
duty & registration this year?
no. Deduction allowed only in the year of payment.
603. Mansi says:
hi
I am salaried person and staying on rent. From April the rent amount has increasd to 10500/- pm. am i
supposed to deduct TDS on rent. i dont have any TAN as of now. will i be required to apply for it.
604. Hemant says:
I have two housing loan.Cani claim the pricipal of both the loans under sec 80c.In one hous i saty where
the annual principal is 31000 and second house i would get the posession in coming june with annual
principal of 38000can i claim both put together 68k under sec 80c where the max limit for sec 80 c is
100000/-.
605. Raveendran says:
i want to know whether the limit of aggregate savings under section 80C is Rs 100,000 or Rs. 120,000
for the financial year 2010-2011.
606. KVS says:
Hi,
I have bought a plot/site in 2008 and been out of India till last year.
Today, I got a statement from ICICI Bank Housing Loan titled:
STATEMENT FOR CLAIMING DEDUCTIONS UNDER SECTIONS 24 (b) & 80C (2) (xviii) OF THE
INCOME TAX
ACT, 1961
I was under the impression that only residential property is eligible for claiming any deductions/benefits.
Can anyone explain please?
607. Vishal says:
Hi,
I wanted to inquire if it is possible for both me and my wife to claim tax benefits under HRA. The property
is rented out only in my name though. Is there any way possible we both can avail this?
608. vikram sharma says:
Dear Sir,
i am having a tax benefi mutual fund, i want to know whether i would be getting tax benefit on sum
received on maturity of that mutual fund,kindly explain.
609. Pankaj goel says:
Sir, I am having shares in my trading account from the last more than one year and due to some
misunderstanding by the broker, he sold my shares on one day and repurchased on the second day.
Thereafter after 2-3 months,if the same share gains by 50 rupees, and if I want to sell my shares, in that
situation, whether I shall be entitled to the benefit of long term capital gain or have to pay the tax for
short term capital gain for the mistake done by the broker.Please guide me. I shall be highly obliged.
Thanks.
610. Mahesh Desai says:
Pl enlighten me the provisions of Section 54 of Income Tax Act. This is regarding Capital Gain.
611. Ashutosh says:
Hello,
I have booked a underconstruction flat in Feb 2010 in Navi Mumbai and done stampduty, registration
29th March 2010.
My question is , Can I show stampduty, registration amount in my next year IT i.e. 2010-2011 ? whould i
get tax benifit in this year or how can i claim it.
612. karthik says:
my father bought a property(50L) in his name by selling old property(30L). Remaning 20L is from
Housing Loan. My father(2nd holder) and myself(1st holder) sharing the housing loan. Can i able to claim
Principle and interest.
613. Vidya says:
Whether Income tax rebate available u/s 80C for Life Insurance Premium paid during Apr to Nov 09,
when policy is closed in Dec 09
614. RinZ says:
Also, if my monthly PF deduction is already 1,441 amounting to 17,292 for a year.
In that case, i have to invest for the rest 82708..right?
615. RinZ says:
I want to knw if i invest:
1. 70k in PPF
2. 15k in Bank RD. and
3. 15k in Life insurance.
Will that be perfect to get an exemption upto 1Lac.

Plz suggest if you have any amendments for me for the above mentioned.
Thanks!
616. Pankaj goel says:
Sir, I am having shares in my trading account from the last more than one year and due to some
misunderstanding by the broker, he sold my shares on one day and repurchased on the second day.
Thereafter after 2-3 months,if the same share gains by 50 rupees, and if I want to sell my shares, in that
situation, whether I shall be entitled to the benefit of long term capital gain or have to pay the tax for
short term capital gain for the mistake done by the broker.Please guide me. I shall be highly obliged.
Thanks.
617. Girish Patel says:
I have availed a Housing Loan from Bank and purchased flat in my wife name and paid Rs. 61000
towards EMI and Rs. 35000 towards Interest. My wife will not claiming exemption the said payment in
her annual returns. Please let me know shall claim housing loan EMI and Interest under section 80-C?.
618. Rajesh says:
I have LIC which premium is 10,000 per year. it can be double exempt under sec 80C i.e.20,000/-.
619. poonam says:
i have taken property mortgage loan. can i claim under house property income .otherwise under which
head can i claim deduction
620. Guru says:
sir
i want advise to unclaimed stampduty spend in the year ended 2008-09 in the month of march-08 that
stamp duty & reg.charge can be claimed as deduction u/s 80C of the income tax Act 1961 for the year
ended 2009-10.,
621. suraj naik says:
I have invested in ELSS Mutual Fund, the first holder being my wife (who is a house wife with no income)
and I am the second holder. Am I qulified for any deduction under sec. 80c of income tax act 1961.
Kindly let me know. My e mail id is sgn@rediffmail.com (mailto:sgn@rediffmail.com)
622. bhavesh bhavsar says:
i have purchased own house jointly ( me and my wife) and i will do the stump duty and regestraion fees
on the name of my wife, should i get this expeses under 80c
623. Thiagu says:
My dad is a retired person getting Govt. Pension.
Shall we include my moms medical expenditure bills under 80 C deduction ?
If so , what is the maximum ?
624. Rohit L says:
Dear sir,
I had utilised my upper limit of deduction u/s 80c i.e. 1L & also i claimed exemption u/s 80D of rs 15000
but im under large tax liability.Plz suggest me inventments which are not covered u/s 80c & on which i
can claim further deductions. plz suggest
625. Pranay J Luthia says:
I have a Life Insurance Policy of Bajaj Allianz Life Insurance Co. Ltd. since last 4 years. Now I want to
Sell the units of said policy, so what will be Tax Implications.
Please guide me.
626. shevanti says:
i and my spouse both invest Rs. 1,25,000/ in Elss jointly. Can we both
claim and share deduction for amount
627. subhash deshmukh says:
I have retired from government service in May 2009. I have deposited sum of Rs.3,00,000/- in post office
MIS for period of six years- whether the said deposit is covered under the provisions of section 80C
628. Arvind Kumar says:
Dear Sir,
kindly provide me detail what will be covered under Section 80C.
629. ROHAN says:
Dear,
CA Sandeep Kanoi
CA Ritesh Jain
I have already paid my Rs. 70,000/- limit in my PPF a/c.
My wife also has her own PPF A/c. But she has paid her PPF premium of Rs.40,000/-only.
I wanted to know whether I can deposit in my wifes PPF account Rs.30,000/- and claim income tax
rebate on the same amount in my name so that my Rs.1,00,000/- EXEMPT under 80c gets completed?
I shall be highly obliged.
630. P Kamala says:
I have paid stamp duty and registration fee of Rs.65,000/- during October-2009 for a house under
construction. Possession is expected in Feb-2011. Whether am I eligible to claim deduction of
Rs.65,000/- under Section 80 C during the financial year 2009-10 itself. Please confirm.
631. Daya says:
im salried and also doing higher study 4 which im paying 65000 annualy can this amount be rebated on
tax
632. Amal Krishna says:
I purchased a flat taking housing loan from LICHFL.I have made registration of the UDS(undivided share
of the land)and paid Rs.55000/-as registration charges in OCT2009.Can I get deduction of this amont
U/S 80C for the year 2009-10(AY2010-11)
633. Rakesh Kumar says:
hi,
I have purchase a flat in Feb 2009, the construction will be completed by May10. I am paying EMI (not
P-EMI) from the first day.
Between Apr09 Mar10, I will be paying 70000 (as principal),170000 as interest and 4,800 as Pre-EMI.
Please let me know how much I can deduct from my taxabale income this year.
634. Nikunj devpura says:
I want to know about the clubbing provision under section 64(1)(Vi) when individual transfer any property
to his/her spouse and subsequently if that spouse transfer that property to his/her sons wife than income
arising on that transfer would be taxable under whose hand?
635. Nikunj devpura says:
I want to know about the taxability criteria of gift received in kind from non relative?
Eg. If i receive during a financial year(after 1-10-09) any gift of two immovable property of fmv 40000
each wound the entire amount will be taxable or the transaction would be regarded as single transaction
and no amt would be taxable as each is less than RS 50000 ?
636. Kalpesh Patel says:
Are grand parents eligable to claim under 80C if they are paying life insurance premium of grand
childrens.
637. CA. Ritesh Jain says:
Gopalakrishnan,
Yes you are eligible to claim it.

Provided your daughter is not claiming the same from her income.
638. Gopalakrishnan says:
Shall the investment made on my daughters name in ICICI Prudential life insurance(u/s 80 C) be eligible
for deduction from my income(Salary/Pension)
639. bharat says:
If someone purchased a house in name of his wife through a house loan in joint name with his wife.
Where wife is a house wife and have no source of income. Whether He will be eligible for thr income tax
exemption.
640. Sandeep.N says:
My query is my father took a home loan. There is 4 more years left in it and my father had retired, so the
repayment is now made by me. Am i eligible for tax deduction.
Jeet,
As u have mentioned that u had set up a warehouse & let on lease to someone.
But here u have to make clear firstly that whether you have started a new business of lease or u are
having a old business of lease. Than only we can decide about claiming the deduction under 35D of the
act.
And as it is clearly evident from the section 35D which read as under.
35AD. (1) An assessee shall be allowed a deduction in respect of the whole of any
expenditure of capital nature incurred, wholly and exclusively, for the
purposes of any specified business carried on by him during the previous year in
which such expenditure is incurred by him :
Provided that the expenditure incurred, wholly and exclusively, for the purposes
of any specified business, shall be allowed as deduction during the previous year
in which he commences operations of his specified business, if
(a) the expenditure is incurred prior to the commencement of its operations;
and
(b) the amount is capitalised in the books of account of the assessee on the
date of commencement of its operations.
And note also here that if you once claim deduction under this section than you will not be able to claim
deduction under any other provisions of the act and in any other previous year..
for ex. depreciation..
Deepak,
The amount you pay as stamp duty when you buy a house, and the amount you pay for the registration
of the documents of the house can be claimed as deduction under section 80C in the year of purchase of
the house. But make a note over here that it is subject to a maximum deduction of Rs. 100000.
643. deepak bartwal says:
i have purchased a residential land for which i have paid Rs 90000/- as a stamp duty. under sec 80c can
i claim deduction on this amount?
644. Santosh says:
i want to bye National Sving Certificate in 10 march 2010.can i eligible for tax deduction for the year
2009-10
Yes you will be eligible for deduction in financial year 2009-10 and Assessment Year 2010-11
645. Santosh says:
i want to bye KVP in march 2010.can i clime duduction for this year ie 2009-10
646. Raju Antony says:
Hello,
Please advise whether I can take the whole amount(including service tax) on Insurance premium
payemnts for 80 C deduction ?
647. jeet says:
sir
i have set up a warehouse and let it on lease. will i be able to claim deduction under section 35AD.
648. tushar pimple says:
can i take tax benefit for amount of national savings certificate which is purchased on the name of my
minor child plz give information
649. deepak says:
i have purchased a residential land for which i have paid Rs 90000/- as a stamp duty. will this amount be
eligible for deduction under sec 80c?
650. Manju says:
Pls help. I woke up late to save tax.. Around 20000 amount need to shown in investments/medical bills
etc.. can I pay LIC premium of april(due) in march & claim it as investment for this FY..
651. Sudhansu says:
I have taken a house loan in the joint name of my wife and myself. My wife is a house wife and have no
source of income. Whether I am eligible for thr full tax exemption.
652. manubhai parmar jnv patan says:
family planning allowence is taxable income or not ?
653. Amit says:
Whether the life insurance premium paid by me for my dependent parents can be covered under section
80C
654. Sinsin says:
I and my husband are in higher tax income bracket. We own 3 houses in the same city. If we buy another
2 properties in my father in laws name, will I get the tax benefit?
655. Prashanth says:
I want to purchase a flat in mid march. will i get all the benefits of stamp duty, reg.tax under IT exemption
in the FY 2010-2011 also. OR shall i wait till 01-04-2010 for the beginning of new financial year??
Pls reply
656. karun says:
To the administrator, or any reader, of this forum
1) For a non-resident Indian, who has made short term capital gains from sale of equity shares of
Indian companies through SEs in India (and that is the only Indian income coming within the purview of
Indian taxes) and who would like to file tax return in India, is the benefit of 80c available? i.e. can he
invest upto Rs.1 lakh in ELSS and get exemption from payment of tax on that part of the total income (in
this particular case, only short term capital gains) earned?.
2) Would a non-resident Indian who is a senior citizen, and seeks to file tax return in India, get the benefit
of the more liberal slabs for tax calc?
Thank you for your time.
657. pnvgopalarao says:
sir, under the CTC pattern of salary structure, er+ee contributions of pf are paid from ee salary.in this
case, for computationf of 80c whole will be taken or exempting er portion, ee
portion will only be taken?

planning.html#ixzz0gjZVu7cr (http://www.taxguru.in/income-tax/all-about-deduction-under-section-80c-
and-tax-planning.html#ixzz0gjZVu7cr)
658. pnvgopalarao says:
sir, under the CTC pattern of salary structure, er+ee contributions of pf are paid from ee salary.in this
case, for computationf of 80c whole will be taken or exempting er portion, ee
portion will only be taken?
659. Santosh Jadhav says:
Hi sandeep, a)1 lakh amount can be claimed are Only stamp duty charges?or it includes both stamp duty
and registration charges ? b)I have taken home loan of 20lakh for an underconstruction house.loan
amount disbursement will start from April 2010 (i.e. next financial year). so if I pay only Pre-EMI interest
in this year will I get Income Tax exemption for that amount? c) please Advice me How to get maximum
tax Exemption In this Case of home loan? Should I start paying Principal amount before getting
possesion of flat(i.e. before disbursement of total principal amount.)
February 26, 2010 at 1:06 am (https://taxguru.in/income-tax/all-about-deduction-under-section-
It includes both Stamp duty and registration.
660. Santosh Jadhav says:
Hi,
I have buy Underconstruction flat in Feb.2010 and I will get possesion of flat by next year. I have paid
Stamp duty charges 120000 lacs. can I claim 120000 for income tax exemption for year of 2010 (this
year).
UP to one lakh can be claimed as exemption u/s. 80C
661. Sathyaraj R. says:
I have deposited Rs.50000 in LICs ULIP plan in dec.2007 and claimed a decuction for Rs. 15000 in
2008. Can I claim deduction for the balance amount this year? The lock in period is 3 years for the ULIP.
No. Deduction can be claimed only in the year of payment.
662. sunil Joshi says:
1) Can i get the claim for House Property Insurance Premium.
2) Can i get the claim for Gifted proerty Registration charges .
663. AMIT KUMAR says:
WHETHER FULL AMOUNT PAID FOR MORE THAN ONE ISTALLMENT
OF A SINGLE LIC POLICY PREMIUM IN ONE YEAR WILL BE DEDUCTED UNDER 80C?
AMIT KUMAR,MHRD
Yes. Deduction allowed on payment basis irrespective of no. of installments.
664. Nitin says:
I have purchased a property on loan in the current year. However, havent received the posession. Can i
claim HRA in the current year and simultaneously also claim the Stamd duty and registration charges u/s
80C as the same have been paid in the current year.
Yes.
665. Rajesh Shetty says:
Sale of agricalutural land taxable or not.
666. Shrirnag M. Chauthaiwale says:
Limit of Tution fee amount under section 80C
Deduction under this section is available for tuition fees paid on two childrens education. If
Assessee have more then two children then he can claim tuition fees paid of only two childrens.
The Deduction is available for any two children.
Maximum deduction is Rs. 1,00,000/-. for more details visit following post:-
http://www.taxguru.in/income-tax/deduction-us-80c-for-tuitionschool-fees-paid-for-education-of-
children.html (http://www.taxguru.in/income-tax/deduction-us-80c-for-tuitionschool-fees-paid-for-
education-of-children.html)
667. R. S. Kumawat says:
Dear sir my wife is taking education and i have submited fee for education . can i get rebate in incom tex
for me under 80c
No. Education expense of children allowed under section 80c.
668. Rajesh Shetty says:
I am contributing LIC premium for My son who is 25 years old & working with a company. Wheather i will
get the deduction U/s 80C.
669. PRAMOD SETH UDAIPUR says:
hi
Myself and my wife are working. I had LIC policy under my name.
2 I HAVE PURCHASE A FLAT IN MY NAME
Can this be used for my wifes tax deductions under Section 80C?
WAITING FOR UR REFLY
It seems you taken house on loan and you want to take deduction under section 80C on Lic in
your wifes account which are in your name.
You claim the deduction in your wifes account if your wife pays premium on your LIC policy from
her Income.
670. anil says:
my elder daughter is doing CA and b.com.
can i claim her collge fee and also her ca coaching fee plus exam fee as deducation under 80 c limit of
one lakh.
671. Sachin says:
If i taken NSC in the name of my son, does it will qualify for deduction under section 80C
No.
672. Sudhir says:
My uncles brother have purchase Property and his father is Co-Applicant for borrowing home loan and
EMI starts from Jan-10 can his father shows Saving for repayment of Home Loan EMI in his Form 16 if
his son not showing in his Form 16.
673. Mohit Kumar Jain says:
While employers contribution is exempt from tax, your contribution (i.e., employees contribution) is
counted towards section 80C investments. You also have the option to contribute additional amounts
through voluntary contributions (VPF). Current rate of interest is 8.5% per annum (p.a.) and is tax-free.
I think that the tax free interest rate is 9.5% instead of 8.5%
674. Mrutyunjay says:
Currently I have paid 105000 as principal amount for the housing loan.I was told that there is a limit of
20000 on principal amount repayed on housing loan for tax rebate (sec 80C). that means although I
have paid 105000, only 20000 will be considered as part of the 1 lakh limit. So does it mean that I still
have to show savings proofs for 80000?
Thanks in advance
There is no such limit of 20000 in section 80C. you can claim deduction of Rs. 1,00,000 under
section 80C in respect of principal payment towards housing loan.
Such limit was earlier there when we use to claim deduction under section 88.
675. Sudhir says:
I have paid stamp duty for purchase of house property and it shows in Form 16 in last year I have to fill
up ITR return which form i should fill up ITR I or ITR II.
If you have housing loan too then you need to file ITR-2 otherwise you can file your return in
ITR-1.
676. Sangeetha says:
I am unmarried female, can i claim the insurance i pay under the name of my parents?
life insurance premium paid by you for your parents (father / mother / both) is not eligible for
deduction under section 80C.

planning.html#ixzz0fgvMH11D (http://www.taxguru.in/income-tax/all-about-deduction-under-
section-80c-and-tax-planning.html#ixzz0fgvMH11D)
677. kaushik says:
registration fee of land is tax saving under 80c ?
678. Gadre Chintamani says:
Limit under 80 C is 1 lakh.
By mistake if investment under 80C exceeds the say upto 1,20,000. Will it be treated as fraud, even if
amount claimed under 80C is limited to 1,00,000 ?
Please reply gadrechintamani@gmail.com (mailto:gadrechintamani@gmail.com)
679. RAVI KUMAR says:
HAI!THIS IS RAVI,I HAVE A DOUBT WHETHER I CAN SAVE MY TAX U/S 80C IN LAST YEARS
TERM DEPOSIT OF RS 55000 AND THIS PLANS TERM IS FOR 3 YRS
680. Amit says:
Sir,
I am living in pune and paying a housing loan, My wife is staying in Nasik , Can I show Nasik rent and
the hosuing loan both at one time,
As my wife is dependent on me and I am paying her rent as well as housing loan both.
681. john says:
sir,
i was appointed 2007 march goverment teacher of tamilnadu state,was given 6 th pay arrear of
Rs.10973 on sep 2008 year.but my IT was nil that year.but this year im getting IT can i claim deduction
for the previous year arrear Rs.10973 and two terms of DA arrear of 1600 n 1474 this yera n my dads
paying LIC housing finance loan can i show that for my Tax deduction since hes not working n
dependent on my salary.plz help me out.
682. Pramod Chand says:
Ive purchase a flat in the joint name with my wife in Gurgaon. For this Ive availed a loan from HDFC in
the joint name with my wife. How much deduction Ill be getting on the basis of the following loan
repayment for the period from 1/4/09 to 31/3/10:-
Principal component 26,877

Interest component 50,973
Pre-EMI interest 15,696
683. Pramod Chand says:
I have purchased a flat and availed loan jointly with my wife. For the year from 01/04/09 to 31/03/10 the
following is the break up of the amount into
Principal component 26,877
Interest component 50,973
Pre-EMI interest 15,696
Questions
What relief will be available to me and to my wife under income tax for the above payments.
684. pankaj goel says:
Whether the deposit made by the father in his major sons ppf account, will qualify the father, to claim
income tax rebate on the same amount.? Please also guide, If father is entitled then how to get authentic
proof /document so that the officials can be made satisfied. I shall be highly obliged.
I still await your advices please.
Yes he will qualify. He only need to pay the same from his account. To claim deduction PPF
receipt in the name of Son is good enough to satisfy Assessing Officer.
685. anand says:
I HAVE BOUGHT THE PROPERTY ON LOAN AND THE PROPERTY WILL BE READY IN 3 YEARS
RIGHT NOW I AM LIVING IN RENTAL PROPERTY CAN I TAKE THE TAX EXEMPTION
UNDER hra
and under loan principal and intrest
anand
9911220471
February 5, 2010 at 7:04 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-
Principal can be taken under section 80C.
Interest cant be claimed against income from house property till the construction completes. After
completion of construction interest till the date of construction completion can be claimed equally
in five Assessment years starting from the A.Y. in which construction completes.
686. Prasad Shevatekar says:
My brother is working with L & T Pune and he is taken housing loan from Bank, our building is under
construction and my question is whether interest on housing loan is exemption from tax. (As per my
company circular after submitting completion certificate they are allowing exemtion} Please guide.
income tax rebate on the same amount.? Please also guide, If father is entitled then how to get authentic
proof /document so that the officials can be made satisfied. I shall be highly obliged.
688. Sudarshan says:
Sir,
I pay the LIC premiums for my parents who are depending on me & also i am not yet married, can that
premium be claimed for tax deductions. Also for the case of rebate, is there any need for a certificate
proving dependency of my parents on me.
Parents claim deduction under section 80C for premium paid on life of their children but children
cant claim the deduction u/s. 80C for premium paid on the life of their parents.
689. deepak says:
I took a Life Insurance Policy on my wifes name for which i am paying the premium as she is housewife
and have no source of income. Will i get the benefit under section 80C of Income Tax Act
yes you will.
690. hanif chauhan says:
My father has taken home loan and i m co-borrower in that. my dad is paying installment from his
account but i am depositing money in his account from my salary. my fathers income is not covered
under tax slab but my income comes so can i get benefit of sec. 80c here in this case ?
691. vinod kumar says:
In reply to Mr Reddy above, it has been said that exemption for stamp duty applies only to residential
property. Does it include a residential site/plot to construct a house.
regards
692. jai says:
if i start repay education loan from this year, only this year interest will be exampt or till date interest will
avail for exempt
admin says:
Interest paid during the year will be allowable.
693. Avinash Reddy says:
I bought some land. The registration charges went up to 50000. Will it be possible to show them under
80C tax savings??
admin says:
No. Only stamp duty paid on purchase of residential property is allowable.
694. Amresh says:
Can we show stamp duty & registration fee under Loss from house property Becasue I have bought a
house where I paid 2.5L of stamp duty/ registration fee. However, as per information on this site, we can
claim this amount under section 80C( 1L limit) so, what about rest of the amount I paid that is 1.5L? it is
a loss for me.
695. Amresh says:
Hi,
I have a question. Under Income form House Property we can also show loss from house property.
However, what kind of loss it is? This has been given in section 71B Carry forward and set off of loss
from house property.
In continuation to my earlier question, as in the book the word minor is mentioned so the officials are not
allowing rebate on this account, please clarify the querry so that we can proceed further. thanks
income tax rebate on the amount deposited by him in the PPF a/c of his son.?
698. Astha says:
September 9, 2009 at 4:01 am (https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-
What is the maximum permissible exemption for Home Loan Principal payment? I mean, if I dont invest
in any of the items under sec80C and just in Home Loan. Will I get the complete 1,00,000 exemption or
is there any clause?
Sandeep Kanoi says:
September 9, 2009 at 5:49 am (https://taxguru.in/income-tax/all-about-deduction-under-section-
You can get exemption up to 100000/- in respect of Home Loan Principal payment under section
80C of the income tax act 1961.
699. B K Agrawal says:
Recently, I understand that the upper limit of investment in PPF has been kiked inline with sec. 80 C to
Rs. 1 Lac, please confirm and commwnt on it and if right make necessary amendmant in the interest of
readers
700. Pradeep says:
I have planned my savings U/S 809c) upto Rs.1 lakh.My income is purely from salary.But still there is
some amount of tax payble.What more I should plan to reduce tax?
Sandeep Kanoi says:
Do take mediclaim cover if you dont have one and you will be able to claim a deduction up to Rs.
15000/-.
701. Pradeep says:
does home loan and interest on it comes under section 80 c?
Sandeep Kanoi says:
Principal amount paid out of home loan repaid by you will qualify for deduction U/s. 80C. Interest
on home loan will be deducted under the head Income from House Property subject to a limit of
Rs. 150000/- for self occupied House Property.
702. Prithwiraj Pramanik says:
i have a question regarding the filling up of the form -16 in the assessment year 2010-11 that
i have invested 6000 rupees in NSC,from Jan, 2008 @ 2000/- per month during 2009-10.
so, how much of its interest of NSC will be added in the income?
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80C Deduction - Tax Deduction Under Section 80C and Tax Planning

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815 responses to Deduction under section 80C and Tax Planning

Can you please guide me . Your help will be highly appreciated

Total = 1.5 lacs (80c) + 55k(80d) + 50k (80ccdb1)

* i fall over 30% tax bracket

for further clerification call-9711251211 (sonu sagar)

Please guide me,

Need your help urgently

Please suggest me the right procedure.

please share mutual fund exemption limit agt 80-c

Please let me know.

can i show in tax 80c, Sir please make now.

An early response will be appreciated

get your investment plan by perfect planing

Just wanted to clarify one doubt.

Please clarify and update the post.

Please guide me.

Thank you very much in advance.

My Question is that I Have Fix Deposit Amount Term is 3 years

i want section 80c

Thanks And Regards

3. Now how can I invest money???

plz clarified my doubt and give the answer in my mail ID nsatya_1968@yahoo.com

thanks with regard,

I would be obliged with your clarification.

Dear Prithwiraj Pramanik ,

Please advise me in this regard.

Looking for your kind support in this regards.

RK Menon (Financial Adviser)

I have a query to ask you regarding Investment in NSC.

cant i produce that for tax exemption.

If the income is around 4 lacs. What is the best investment under 80 C?

Please update me.

Thanx & regards,

Kindly enlighten me on this issue please.

I am also looking for the same information.

if no , what are the penalties for claiming interest like that ?

I have a question about investment.

Please reply as soon as possible.

AS FAR AS THE DEDUCTION OF REPAYMENT OF PRINCIPAL OF HOUSING LOAN YOU SHOULD

AS FAR AS THE DEDUCTION OF REPAYMENT OF PRINCIPAL OF HOUSING LOAN YOU

Management fee PCME (subjects) Rs 22745-00

Please sir would you kindly Reply me urgently

Can i claim deduction on the same.

I have paid Life Insurance premium from my credit card account.

Kindly reply on my mail id.

We have two property