How Much Tax Can You Save By Investment Under Sec 80C

The total deduction under this section  is limited to Rs. 1.50 lakh .

Section 80CCC: Deduction in respect of Premium Paid for Annuity Plan of LIC or Other Insurer
• Payment of premium for annuity plan of LIC or any other insurer Deduction is available upto a maximum of Rs. 150,000. The premium must be deposited to keep in force a contract for an annuity plan of the LIC or any other insurer for receiving pension from the fund.
Section 80CCD: Deduction in respect of Contribution to Pension Account
• Section 80CCD (1): Deduction in respect of Contribution to Pension Account (by Assessee}
  Deduction available for the amount paid or deposited in a pension scheme notified or as may be notified by the Central Government subject to a maximum of :
  (a) 10% of salary in the previous year in the case of an employee (b) 10% of gross total income in any other case.
• Section 80CCD (2): Deduction in respect of Contribution to Pension Account (by Employer}
  Deduction available for the amount paid or deposited by the employer of the assessee in a pension scheme notified or as may be notified by the Central Government subject to a maximum of 10% of salary in the financial year.
1. Life Insurance Premium For individual, policy must be in self or spouse's or any child's name. For HUF, it may be on life of any member of HUF.
2. Sum paid under contract for deferred annuity For individual, on life of self, spouse or any child.
3. Sum deducted from salary payable to Govt. Servant for securing deferred annuity for self-spouse or child Payment limited to 20% of salary.
4. Contribution made under Employee's Provident Fund Scheme.
5. Contribution to PPF For individual, can be in the name of self/spouse, any child & for HUF, it can be in the name of any member of the family.
6. Contribution by employee to a Recognised Provident Fund.
7. Contribution by employee to Sukanya Samriddhi Deposit Account.  
8. Sum deposited in 10 year/15 year account of Post Office Saving Bank
9. Subscription to any notified securities/notified deposits scheme. e.g. NSS
10. Subscription to any notified savings certificate, Unit Linked Savings certificates. e.g. NSC VIII issue.
11. Contribution to Unit Linked Insurance Plan of LIC Mutual Fund e.g. Dhanrakhsa 1989
12. Contribution to notified deposit scheme/Pension fund set up by the National Housing Scheme.
13. Certain payment made by way of instalment or part payment of loan taken for purchase/construction of residential house property.
14. Condition has been laid that in case the property is transferred before the expiry of 5 years from the end of the financial year in which possession of such property is obtained by him, the aggregate amount of deduction of income so allowed for various years shall be liable to tax in that year.
15. Contribution to notified annuity Plan of LIC(e.g. Jeevan Dhara) or Units of UTI/notified Mutual Fund. If in respect of such contribution, deduction u/s 80CCC has been availed of rebate u/s 88 would not be allowable.
16. Subscription to units of a Mutual Fund notified u/s 10(23D).
17. Subscription to deposit scheme of a public sector, company engaged in providing housing finance.
18. Subscription to equity shares/ debenture forming part of any approved eligible issue of capital made by a public company or public financial institutions.
19. Tuition fees paid at the time of admission or otherwise to any school, college, university or other educational institution situated within India for the purpose of full time education of any two children. Available in respect of any two children

Tax Payable / Saving Chart

Maximum Invetment for Rebate U/S 80C = Rs. 1.50 Lac

Here The Column Displays

1 = Your Gross Salary,
2 = Your Tax + E.Cess Liability on 1 
3 = Your Investment U/S 80C
4 = Tax Saved By Investment U/S 80C
5 = Net Tax Payable by You after Investment U/S 80C

Gross Salary	Total Tax Liability (Tax + E.Cess)	Your Investment Under Sec 80C	Tax Saved	Tax Payable (Tax+E.Cess)
270000	0	NIL
280000	1030	10000	1030	0
290000	2060	20000	2060	0
300000	3090	30000	3090	0
350000	8240	80000	8240	0
375000	10815	105000	10815	0
400000	13390	130000	13390	0
425000	15965	150000	15450	515
450000	18540	150000	13390	5150
475000	21115	150000	15450	5665
500000	23690	150000	15450	8240
525000	30900	150000	20085	10815
550000	36050	150000	22660	13390
575000	41200	150000	25235	15965
600000	46350	150000	27810	18540
625000	51500	150000	30385	21115
650000	56650	150000	32960	23690
675000	61800	150000	30900	30900
700000	66950	150000	30900	36050
725000	72100	150000	30900	41200
750000	77250	150000	30900	46350
775000	82400	150000	30900	51500
800000	87550	150000	30900	56650
825000	92700	150000	30900	61800
850000	97850	150000	30900	66950
875000	103000	150000	30900	72100
900000	108150	150000	30900	77250
925000	113300	150000	30900	82400
950000	118450	150000	30900	87550
975000	123600	150000	30900	92700
1000000	128750	150000	30900	97850
1050000	144200	150000	36050	108150
1100000	159650	150000	41200	118450
1150000	175100	150000	46350	128750
1200000	190550	150000	46350	144200
1250000	206000	150000	46350	159650
1300000	221450	150000	46350	175100
1350000	236900	150000	46350	190550
1400000	252350	150000	46350	206000
1450000	267800	150000	46350	221450
1500000	283250	150000	46350	236900