Section 80C allows tax deductions up to Rs. 1,50,000 for investments and payments such as life insurance premiums, contributions to provident funds, PPF, tuition fees, senior citizen savings schemes, and more. Section 80CCC provides an additional deduction up to Rs. 50,000 for contributions to pension plans. The maximum deduction under Section 80C and 80CCC together is Rs. 1,50,000. Section 80D allows tax deductions for preventive health checkups for self, spouse, children and parents up to Rs. 75,000-1,00,000 depending on their age.

1. Presented by :
Ms. Priya
( Assistant professor in Commerce)
Dayanand Mahila Mahavidyalya, KKR

6. Section 80C : Deduction in respect of life insurance
premium, contribution to PF, children tuition fees, PPF etc.
It’s the most popular income tax deduction. Deduction under this section is allowed to
individual and HUF. The maximum amount that can be claimed under 80C is Rs.1,50,000.
Various options of investments and payments that qualify for deduction under this section
are:
•Life insurance premium payment for self , spouse, and children life
Qualified amount of premium for deduction is
a) If policy issued before 1.4. 2012= 20% of sum insured
b) If policy issued after 1.4. 2012= 10% of sum insured
c) If policy issued after 1.4. 2013= 15% of sum insured if person insured is with disability
and suffering from diseases.
PPF (Public Provident Fund) contribution
Contribution to recognized provident fund
Contribution to approved superannuation fund
Annuity plan of LIC or any other notified insurer(Jeevan Dhara, Jeevan Akshay etc.)
•Unit Linked Insurance Plan (ULIP) of UTI or ULIP of LIC mutual fund u/s 10(23D)
contribution
Non-commuted deferred annuity plan payment

7. •Senior Citizen Scheme investment
•PPF investment
•5 year FD investment
•Sukanya Samridhi Yojna investment
•Mutual Funds (Equity Linked Saving Scheme) investment
•Subscription to any deposit scheme/pension fund of National Housing Bank (NHB)
•Subscription to bonds issued by National Bank for Agriculture and Rural Development
(NABARD)
•Subscription to notified deposit scheme of Public Sector Housing Finance Company
and Housing Development Authority of cities, towns and villages
•Subscription to equity shares or debentures of Public Company or any Public financial
institution forming part of an eligible issue of capital approved by Board where proceeds
are utilized for infrastructure company.
•Stamp duty, registration fee incurred for the purpose of transfer of such house property
to the assessee.
•Amount deducted from government employee salary for the purpose of securing him of
deferred annuity
•Tuition fees payment
•Repayment of housing loan

9. Section 80CCC: Income Tax Deduction for Contributions to
Pension Funds
Under section 80CCC income tax deduction for the
contributions made in specified pension plans can be
claimed. The tax deduction can be claimed by individuals
(whether resident or non-resident) and is to be clubbed in
the overall ceiling of Rs 1.5 lakhs under section 80C.

13. This maximum deduction of 150000 is provided in the case of employer
contribution to pension account but employee can also get extra deduction up
to maximum 50000 in case of self contribution to NPS . And by employer
contribution to NPS to the maximum limit of 10% of salary.

15. 1,50,000

18. • Payment should be made out of income chargeable to tax.
• Payment should be made by any mode of payment other than cash. But preventive health checkup payment
can be done in cash also.
• Quantum of deduction-
for self , spouse & dependent children=25000
for parents = 25000
total = 50000
( no one attained age of 60 years )
for self , spouse & dependent children age less than 60=25000
for parents age above 60 years = 50000
total = 75000
for self , spouse & dependent children age more than 60=50000
for parents age above 60 years = 50000
total = 100000

21. 75000

24. 1,00,000

27. Eight

30. 5,000 60,000

40. 75,000
1,25,000