It offers the choice to invest in equity, debt and hybrid funds to fulfil your financial goals. ULIPsĪ Unit-Linked Insurance Plan (ULIP) is a life insurance plan that offers investment opportunities along with a life cover. The NPS has a lock-in period for up to the age of 60 years. It cannot be used for investment by the armed forces. The National Pension Scheme is a government-backed savings scheme for employees of private, public, and unorganised sectors. ELSS funds have a lock-in period of three years. Table 1: Investments & other venues for Deduction under Sections 80C, 80CCC & 80CCDĬheck Our Tax Saving Plans Section 80C Deductions List ELSS fundsĮquity-Linked Savings Scheme is a type of mutual fund that invests in equity and equity-related instruments. Stamp duty and registration cost of the House Pension Plans from Insurance Companies (under Section 80CCC) New Pension Scheme (NPS) (under Section 80CCD) Atal Pension Yojana Life Insurance Premium (Participating Endowment Plans)
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