Give some examples under sec. 80C? What is the maximum
limit ?
Answer Posted / chandra.g
Under section 80C , 80CCC and 80CCD maximum limit is Rs.
1,00,000/-
Following are the example of 80C
1 )Payment of insurance premium of on the life of the
individual, the spouse or any child of
the individual.
2) Contribution made on any Provident Fund. This fund has to
be set up be Central govt and notified in official gazette
3) Subscription of security of the central govt or any such
deposit scheme as the Central Government may, by
notification in the Official Gazette,
4) Fees paid to university, college, school or other
educational institution. only for 2 children. Maximum Limit
1,00,000/- Please Note that aggregate amount of deduction
under section 80C , 80CCC and 80CCD shall not exceed Rs.
1,00,000/-
5)Any subscription made to any units of any Mutual Fund.
6)Any contribution made by an individual to any pension fund
set up by any Mutual Fund
7) Interest portion on Housing loan
8)Subscription to equity shares or debentures forming part
of any eligible issue of capital
9)Investment as a term deposit for a fixed period of not
less than five years with a scheduled bank. etc
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