ENTITLEMENT FOR 80 CC BENEFITS

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ENTITLEMENT FOR 80 CC BENEFITS

CAN YOU KINDLY INFORM THE SAVINGS WHICH ENTITLE A TAXPAYER TO CLAIM REBATE

Profile photo of Balakrishnan Nair Asked By: Balakrishnan Nair 3 replies 0 helpful answers Last Updated: 2 years ago
  • Profile photo of Balakrishnan NairBalakrishnan Nair
    Participant

    CAN YOU KINDLY INFORM THE SAVINGS WHICH ENTITLE A TAXPAYER TO CLAIM REBATE

  • Profile photo of Balakrishnan NairBalakrishnan Nair
    Participant

    A REPLY ON ABOVE SUBJECT WILL BE DEEPLY APPECIATED

  • Profile photo of Chetan ChandakChetan Chandak
    Moderator

    Section 80CC. is Omitted by the Finance (No. 2) Act, 1996, w.r.e.f. 1-4-1993. so there is no benefit currently available under this section

  • Profile photo of Chetan ChandakChetan Chandak
    Moderator

    Below is the list Eligible Deductions under Section 80c:
    1) Contribution Public Provident Fund
    2) Life insurance premiums
    3) National savings certificate
    4) Senior citizen savings scheme (SCSS)
    5) Five-year tax savings fixed deposit
    6) Equity-linked savings scheme
    7) Principal repayment of your home loan
    8) School/college tuition fees
    9) Pension plans (traditional)
    10) Voluntary Provident Fund Contributions
    To read more click https://www.hrblock.in/guides/income-tax-deductions-80c.aspx

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