80c deduction list: Only HUF and individuals are

Only HUF and individuals are eligible to claim the Section 80C deduction . LLPs, partnership partnerships, and companies, however, are not eligible for this deduction . Section 80C allows for the annual deduction of up to Rs. 1.5 lakh from gross total income. Here’s a detailed list of deductions available for the financial year (FY) 2024-25 (Assessment Year 2025-26). Section 80C is the most used tax-saving provision that allows deductions for various investments and expenses, up to a maximum limit of ₹1.5 lakh per year. Eligible deductions include: Individuals can claim tax deduction benefits for payments made towards life insurance policies, fixed deposits, superannuation/provident funds, tuition fees, and construction/purchase of residential properties under Section 80C of the Income Tax Act. The present article covers list of investments which qualifies for deduction u/s. 80C of the Income Tax Act; deduction limit u/s. 80C , 80CCC, 80CCD (1) and 80CCD (2) of the Income Tax Act and some relevant frequently asked questions (FAQs).