What are investment avenues under chapter VIA?

Article author
Nneka
  • Updated

Below are the most common investment avenues under Chapter VIA:

Under 80C

  • Premia paid on life insurance.
  • Employee contributions to the provident fund.
  • Investment in Mutual Funds.
  • Investment in Equity Linked Security Scheme.
  • Fixed deposit, not less than 5 years, with a scheduled bank.
  • Repayment of Housing Loan (Principal Amount).
  • Investment in Public Provident Fund.

Under 80CCD

  • Investment in National Pension Scheme.

Under 80E

  • Interest paid for educational loan.

Under 80TTA

  • Interest on deposit in saving account, FD's, Post office and Cooperative Society.

Under 80D

  • Medical Insurance Premium for Self/ Parents/Spouse/dependent children.

Under 80DD

  • Medical Insurance Premium or any medical expense paid for by an assessee for a dependent with more than 40% or 80% of severe disability. Here dependents include spouse, children, parents, brothers, and sisters of the individual or any of them.  

Under 80DDB

  • Any medical expense paid for by an assessee for himself or for a dependent for a specified disease. Here dependents include spouse, children, parents, brothers, and sisters of the individual or any of them.

Under 80G

  • Donations under section 80G for any social cause or donation to any political party but to an extent of 50% or 100%, as provided by law.

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