24 different investment and expenditure you can claim in 80C* upto 1.5 Lakh while filing your tax returns

 *24 different investment and expenditure you can claim in 80C* upto 1.5 Lakh while filing your tax returns

1. *ELSS:* An ELSS is the only kind of mutual fund eligible for tax benefits under Section 80C. Returns 12 to 15% Lock in 3 years

2. *NPS:* National Pension System (NPS) is a retirement benefit Scheme introduced by the Government of India to facilitate a regular income post retirement to all the subscribers. Returns 8 to 10% Lock in Till age 60.

3. *ULIP:* ULIP is an insurance plan that offers the dual benefit of investment to fulfil your long-term goals, and a life cover to financially protect your family in case of an unfortunate event. Returns 7 to 8 % Lock in 5 years.

4. *Tax saving FD :* Many banks offer a five-year FD scheme that is meant for tax saving. One can claim an income tax deduction by investing money in a five-year FD scheme. Returns 5 to 6% Lock in 5 years. 

5. *PPF :* Public Provident Fund (PPF) is a retirement savings scheme with the aim of providing a secure post-retirement life to everyone. The minimum deposit you must make in the account per financial year is Rs. 500 and it can go up to Rs. 1.5 lakh. Returns 7.1 % Lock in 5 years

6. *Senior citizen savings scheme :* The Senior Citizens' Savings Scheme (SCSS) is a government scheme that helps seniors save money for retirement and receive quarterly interest payments. Returns 7.4% Lock in 5 years.

7. *NSC :* National savings and investment is a government backed form of savings account, meaning that they offer a secure way to store your money. Returns 6.8% Lock in 5 years.

8. *Sukanya Samriddhi Scheme :* Your contributions towards the Sukanya Samriddhi Yojana for your daughter's future are eligible for tax deductions. Returns 7.6% Lock in Till girl child reaches 21 years of age.

9. *Life Insurance Premium :* Premium payments made towards Life insurance policies. Low Returns but Risk Cover

10. *EPF :* Employees' Provident Fund is a retirement benefit scheme maintained by the Employees' Provident Fund Organization (EPFO). The employee and the employer contribute to the EPF scheme on monthly basis in equal proportions of 12% of the basic salary and dearness allowance.

11. *Five-Year Post Office Time Deposit :* Income tax benefits are available only for a 5-year post office time deposit account. Returns 6.7% Lock in 5 years. 

12. *Tuition fees* paid for children’s education : For up to 2 children, tuition fees paid in the entire academic year per child are tax-deductible. Paid to any university, college, school or other educational institution situated within India.

13. *Repayment of the principal amount of a home loan :* An individual is entitled to tax deductions on the amount paid as repayment of the principal component on the housing loan.

14. *Stamp Duty* and Registration Charges paid for House Property: Stamp duty and registration charges and other expenses which are directly related to the transfer are allowed as a deduction. 

15. *Deferred annuity :* Annuity plan contribution made on on the life of persons, or contract for such annuity plan of the Life Insurance Corporation

16. *Superannuation fund* : A contribution by an employee to an approved superannuation fund.

17. *Pension Fund :* Contribution to a pension fund set up by any Mutual Fund. 

Instant Finance Updates - Telegram Channel 

18. *National Housing Bank:* Subscription to any such deposit scheme of, or as a contribution to any such pension fund set up by, the National Housing Bank

19.*Approved IPO* Government : Contribution or subscription to equity shares or debentures forming part of any eligible issue of capital approved by the Government and Notified. 

20.*Bonds :* Bonds issued by the National Bank for Agriculture and Rural Development (NABARD)

21.*Pension Scheme for Govt Employee :* Employee of the Central Government, as a contribution to a specified account of the pension scheme.

22 *.Infrastructure bonds:* Infra bonds as they are commonly called, Infrastructure bonds are issued not by the government but by infrastructure companies.

23.*NABARD* Rural Bonds: NABARD, or the National Bank for Agriculture and Rural Development, offers two kinds of bonds, viz. Bhavishya Nirman Bonds and NABARD Rural Bonds.

24.*Any other Funds* Approved by Govt and Notified : There are many other Pension Fund / Bonds / Govt Company who can issue scripts which qualify for 80C