Section 80C: Everything to know | Deduction under 80C | Tax Saving Scheme under Section 80C
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- Опубликовано: 25 мар 2020
- Do you want to utilize deduction under Income Tax section 80C, but don’t know about the investment schemes being covered by Section 80C?
In this video, we tell you about all the investment options available for you under Section 80C. We tell you about each product's features, returns, lockin, and also how you should go about picking the right product to save tax. Watch the full video now!
#Section80C #80Cdeductions #80CIncomeTax
For all tax saving options at one place, download the ETMONEY app - etmoney.onelink.me/unJQ/9d462acc
1 like for well ironed shirt
😂
This Sir is an eloquent speaker 👌🏻
And he explained very well too..
Please upload a video for senior citizens tax planning and tax deductions.
Thanks a lot!! Just needed to hear this
You're most welcome!
Explained so well. Thanks a ton!
Most welcome!
Thank you very much for this content.
Great explanation, Thank you 👍
What are any four items available for deduction to individual under section 80c And 80ccc?
Amazing...clear cut to the point. Thanks
Glad it was helpful! Thanks
Hello, good video. Which documents are necessary for a stamp duty claim 80c?
Hello, good video.
Could you please explain to me whether home loan prepayment is eligible for Section 80C tax benefits.
Great explanation sir....in mutual funds 3 years locking period after that the incoming returns are taxable or not?
Very well Explained !
Wow sir the way you talk is subharashi(wow)in Japanese 🌻
Very nice video, thanks for sharing
Informative thanks a lot
Sir thanks for this ... please upload video for sec 80JJAA
If i am choosing Multiple products under 80C, should be equal or less than to 1.5 lacks...???
bahut hi shandar video.
Can I claim full 1.5 lakh deduction by investing only in elss fund?
Or I need to diversify?
@ET money
So I can sum all PF amount deducted by company for Financial year and then I can add those amount in 80C, It is valid one, right?
Can I Get the tax benefit on the post office fire FD invested in last financial year
No one has clarified if SCSS ,80 c exemption can be availed every year or only the year of investment! Only hope you will help .Thanks
Is the Post office 5 years RD come under 80c please advise
Well explained
Thanks for providing valuable information.
💕 rise and shine 👍
Thanks and welcome
What is the maximum amount of investments can be declared and claimed under section 80c and 80
Is it total 1.5L various scheme combined or 1.5L in each and every scheme ? So total of 7 8 lakhs ?
I opened my NPS account in October 2020. Will i still be able to claim my tax deduction for 2020-21 ?
Simple & Clear to understand.
Make a video on nps
Hi Sumit,
We do have a detailed video on NPS on the channel. Do check it out!
Hi sir, if I invest 10k Rs in Tax Saver FD... Should I get 100 percent ( 10k ) exemption from the. Total taxable income... Or 5 10 percent...
Thank you bro 🙏
If i invest 1lakh every year for ppf, so can i show entire 1lakh fr tax exemption or 10% of 1 lakh?
I have invested 15lakh at once in SCSS in year 2020.will I be edible for tax deduction under 80c for 5 yrs or just 1 year?what I mean to say is 150000 SD will be for current year or for the 5 yrs.
well explained
What is the math behind saving ₹46,800 through elss for 30% tax bracket?
This was very helpful for mee.... Nd it is explained in very good manner
Thank you. Glad to hear that!
Can we show Term life under 80c?
Excellent information very useful to every tax payer and who wants to create the wealth
Glad you liked it
Amazing information.
In less time.
Thanks and welcome
Today u earned a subscriber...Great video.
Awesome, thank you!
What a great explanation 👌
Thanks. Glad it was helpful!
Theseare all 80c.1.5only taken into account.if it is 80 d means health insurence or medical bills eligible 25 thosand for below 60 yrs family and 50 thousand for parents above60 yrs family.total 75 thousand extra can be claimed under 80 D. It is not come into account of 1.5 lac .this is additional
Is ppf good I want to save tax and profit , what proof to show i pay 150000 in ppf , when I file tax in march
Is cps included in 80c amount or not
Awesome.. pretty well explained..
Thanks a lot 😊
Does employee pension scheme considered under 80c
what about tax exemption on education loan
If I earn 9lakh /annum then I can get exemption for 1.5 lakh /annum only in a financial year !?
thanks for the informative video, however the interest rate of EPF has been reduced from 8.65% to 8.50%.
Tushar bahi.... Kya haal hain.. Kisan vikas Patra me invest karo rebate milega
EPF is exempted from tax till 1.5 L ? So basically above gross salary whatever EPF is earner is tax free ?
Tushar bahi Reply
What about repayment of housing loan sir?
Can You elaborate more on ELSS SIP, I am a new tax payer I need to opt for any of these schemes to save tax.
Hi, ELSS refers to Equity Linked Savings Scheme which is popularly referred to as tax saving mutual funds. You can read more details about it at www.etmoney.com/mf/elss-mutual-funds
Sir can I invest 25000 rs for 4 months as lumpsum amount and still I can do tax saving of rs 1 lakh under 80c . Please let me know
How and where to avail tax reduction?
Helpful video 👍
Glad it was helpful!
Can I avail 80c under new tax regime?
Vry well explained sir👍👍
Thank you very much!
U didn't mention scss interest are taxable or not
Please where available 80ccf
A question.. why do you need NPS when you already have EPF + VPF ??
Thanks
@@ETMONEY will do check, thanks alot 👍
Thank you so much sir
Most welcome
Best🔥👍
Pls tell us tax on ELSS gain
Return on nsc shall be exempted under sec 80c sub to maxm 1.5l
Maine 26000 ka online course buy kiya hai from a europian creator. Can i clain deduction on it?
Good information
Thanks
Very nice content
Thanks Shruti Kaur
good one
Thanks
nice
I thought it was a educational purpose video......Buy it's a app promotion video 😂
But still it helped very much... thank you sir 🥰
Welcome to the world :)
Sir suppose in an FY I pay insurance premium of exactly ₹1.5lacs plus I invested the same amt. In ppf and nsc the same year. Will I be eligible for tax relief of amt. upto rs1.5 lacs separately or collectively.
Same doubt I have, please any one explain..
Thank you sir
Standard deduction 50k is part of section 80c and section 80c limit is 1.5 lac.
Could you please explain like Section 80c limit is 1.5 lac, will it be 1.5 lac only if we applied Standard deduction to gross income or it will be 1 lac after adding SD to 80c limit.?
Standard deduction is part of sec 16
Standard deduction is seperate.it is not 80c
My Contribution towards provident fund is eligible for deduction under 80C , But what about my employers contribution? The employer also equally contributes towards my provident fund, is that amount also eligible for deduction?
Which provident fund are you working on ?
what about scss. in. Post to office
Ppf account me se 5 saal baad paise nikal sakte hai na? Agar hum har january me paisa daal de or april me nikal le to kya tax benifit mil payega?
Hi Vijay,
PPF se aap partial withdrawal 7th year se kar sakte hain. Toh aap jan main daal kar april main nahi nikaal sakte
Can one claim additional 50,000 deduction if it's invested as 1.5 lakhs in ELSS/PPF and 50,000 in NPS.
Please reply..
Yes
your voice nd explanation is so attractive sir . 😊😇
If I have invested directly into stocks and kept it for more than a year, am I elgible to claim 1.5lacs under 80C?
No
term insurance can be declared in life insurance policy under 80c?
Yes, term insurance premium qualifies for deduction under Section 80C
Sir can u plz let me know whether payment in cash is allowed in 80c & 80d??
No.
I have one doubt if i am already paying 50k PF and then i can plant only 1lakh invest in ELSS fund because total limit is 1.5lakh for 80c
There are no limits to how much one can invest in the ELSS fund. Limits are only there on the amount of deduction one can claim under Income Tax Act
How much tax can I save with TATA AIG policy of Rs 28,000 covering myself & my father (60+ years)? Thank you for your video, very helpful.
Hi. Depends on the policy. Are you referring to a health policy or a car policy?
Hello Sir , I just purchased a term plan from TATA AIA, cover is 1 Cr , annual premium is around 13.5k , can I declare this premium amount under 80 C for tax benifit every year?
Yes
1.5 lac only eligible
Sir I have 2 queries...
1) Agar me 1.5 lac 80c me invest kar leta hun without considering my nps amount, tab kya jo mera nps ka wo amount, jo mene 1.5 lac me consider nahi kya tha wo amount me extra 50k section 80ccd(1B) me show kar skta hun kya ?
2) 1.5 lac under 80c me kya mera or employer dono ka nps amount consider hota hai ? Ya sirf mera deduction nps amount hi 1.5 lac me consider hoga ?
Hi,
1. Nahi. Aapko NPS main invest karna padega
2. Sirf aapka NPS amount consider hoga in Section 80c
@@ETMONEY in respect of ques 1...
Can I not show 80ccd(1)(employee contribution) amount in 80ccd(1b) to avail benefit of 2 lac, because I have already deposited 1.50 lacs in ppf in 80C.
If not, then how to avail 80ccd(1b) benefit..
Kya mast bolta maqsood bhai
Video started at 0:40
I have invested 500000 in NSC and 500000 in 5 year post office Term Deposit. Will I get a total tax benefit of Rs 300000 under section 80c as both the schemes fall under 80c?
U can't.. maximum ceiling is 1.5 lakh
@@abdulchannel6983 Got it. Thanks.
Do we need to invest 1.5 lakh every year? To get the benefit ?
@@ETMONEY I mean to ask, can I claim 80c for investment ELSS done 2 years ago ?
How can a man claims under 80c for his wife for her term insurance.
can we claim premium paid for parents policy under this policy
Hi Priyanka,
Yes. You can claim the premium paid for parent's insurance as deductions however that is done under Section 80D.
@@ETMONEY Thanks for reply, but i have taken HDFC LIFE SANCHAY PLUS can i claim that ?
@@priyankalahoti850 yes you can...
can anyone explain 7:55 the difference between saving Rs 46800 and Tax exemption of 1.5lakhs
@ET Money plz ans this question!
1.5 lakhs every year or a whole of only 1.5 lakhs
Can we claim Post Graduate fees in 80c
If I Invest my monthly interest of corporate Bond in Equity SIP Or ELSS for generating more returns then What's the Tax structure of it? Please reply.
Hi I am a 4th year student and started full time work from this month and my 4th college fee was paid by my uncle last month and I'm repaying him. Can I claim the college fee in 80c? college fee is 77000.
Dear Ande Yashwanth: We are not certain on this. You'll have to consult a tax advisor
Voice is super and this video is informative. Language and concept is also simple
Thank you so much 🙂
👌👌👌👌👌👍
Scss is tax savings or not
Hi Sumit,
Yes. SCSS is tax saving option under Section 80c. But it is available for senior citizens
If your income is 6.5L and have invested in 80c investments=1.5L. Your tax would be 0.
@THE PRABHAVI hi prabhavi, i had reverted to someone’s query. May be he/she deleted that message.
Can you plz explain how did you calculate the tax saving amount??? 7:55
is there any new video with any updated info
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What's the Twitter handle of this guy
he is not on twitter