| Sections | Eligible investments for tax deductions |
| 80C | Payments made towards life insurance premiums, Equity Linked Saving Schemes, payments made towards the principal sum of a home loan, SSY, NSC, SCSS, and so on. |
| 80CCC | Payment made towards pension plans, and mutual funds. |
| 80CCD (1) | Payments paid to government-sponsored plans such as the National Pension System, the Atal Pension Yojana, and others. |
| 80CCD (1B) | Investments of up to Rs.50,000 in NPS. |
| 80CCD (2) | Employer’s contribution towards NPS (up to 10%, comprising basic salary and dearness allowance, if any) |
Investment op- | Average Interest | Lock-in period | Risk factor |
ELSS funds | 12% – 15% | 3 years | High |
NPS Scheme | 8% – 10% | Till 60 years of | High |
ULIP | 8% – 10% | 5 years | Medium |
Tax saving FD | Up to 8.40% | 5 years | Low |
PPF | 7.90% | 15 years | Low |
Senior citizen | 8.60% | 5years (can be extended for other 3 years) | Low |
National Savings | 7.90% | 5 years | Low |
Sukanya | 8.50% | Till girl child | Low |
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