Add 80C Deductions

Declare the details of the various investments, which are considered for the employees' income tax computation in the payroll process.

Here are the various investments considered in Section 80C:

• Life Insurance Premium

• Public Provident Fund (PPF)

• Unit Linked Insurance Plan (ULIP)

• Sukanya Samriddhi Scheme

• Children Education Tuition fees

• National Saving Certificate (NSC)

• Infrastructure Bonds

• Mutual Funds

• Equity Linked Saving Scheme (ELSS)

• Term Deposit Amount

As a Payroll User, you can enter the details for any of the investment schemes applicable for the employee in the current financial year. The total values invested in the different schemes are summed up and considered for income tax computation.

Declare Investments in Section 80C

Navigation: My Client Groups > Person Management > Search employee > Calculation Card > Statutory Deductions > Income Tax > Investment Declarations > Chapter VIA Deductions > 80C Deductions

1. From the list, select Deductions under 80C and declare the invested amount in any of the schemes in section 80C as shown:

   Field	Description
   Life Insurance Premium	Enter the life insurance premium amount in the current financial year.
   Public Provident Fund (PPF)	Enter the public provident fund amount.
   Unit Linked Insurance Plan (ULIP)	Enter the unit link insurance plan amount.
   Sukanya Samriddhi Scheme	Enter the life insurance premium amount.
   Children Education Tuition fees	Enter the children tuition fees amount paid for the academic year.
   National Saving Certificate (NSC)	Enter the amount invested in national saving's scheme in the current financial year..
   Infrastructure Bonds	Enter the infrastructure bonds amount.
   Mutual Funds	Enter the mutual funds amount.
   Equity Linked Saving Scheme (ELSS)	Enter the amount invested in equity linked saving scheme.
   Term Deposit Amount	Enter the amount invested in term deposits.

2. Submit the details of investments in section 80C.