Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak e-Term

Protect Your family’s financial future with Kotak e-Term. Know more

Kotak Assured Savings Plan

A plan that offer guaranteed returns and financial protection for your family. Know more

Kotak Guaranteed Savings Plan

A plan that offers long term savings and insurance in one premium. Know more

Kotak e-Invest

Insurance and investment in one plan with Kotak e-Invest. Know more

Kotak Lifetime Income Plan

Retirement years are the golden years of life. Know more


Get a Call

Enter your contact details below and we will get in touch with you at the earliest.

  • Select your Query

Thank you

Our representative will get in touch with you at the earliest.

Difference between Section 80C and 80CCC of the Income Tax Act, 1961

The fundamental difference between Income Tax Section 80C and Section 80CCC is that under Section 80C, the sum to be paid may come from the income that isn't chargeable under tax.

  • Feb 08, 2022

Section 80CCC of the Income Tax Act is a tax-benefit for individuals with taxable incomes - especially the ones that have an income that falls under the higher tax slab and they avail deductions that help them reduce their taxable income. It came into effect from the 1st April 1997.

However, before seeking the deductions under various heads and sub-heads, the earning professionals should briefly understand the difference between Section 80C and 80CCC of Income Tax. Eligible individuals can avail various deductions and limits under these two sections of the IT Act and use the benefits associated with them depending on the kind of investments and expenditures they have. As a citizen of India, the deductions under these sections, such as 80CCD and 80CCC, will reduce a person’s taxable pay and the subsequent assessment risk as well. The maximum limit for the deductible amount stands at ₹1.5 Lakhs.

Difference between Section 80C, 80CCC, 80CCD and 80D deductions of the Income Tax Act


Any person is qualified for tax on savings under sections 80C and 80CCC of the income tax act. However, Hindu Undivided Families (HUF) cannot avail these benefits. As per the Income Tax Department, a singular citizen is qualified to get these deductions up to ₹1,50,000 subject to the informed conditions. Further, the Central Board of Direct Taxes (CBDT) has referenced that the total amount of the deductions under Section 80C, Section 80CCC and Section 80CCD will not exceed INR 1,50,000, regardless of whether the assesse is a senior resident or a regular citizen.

Key Features

  • The classification under the deduction of 80CCC Income Tax should be identified with getting benefits mentioned under Section 10 (23AAB). The sum should be paid out of the pay chargeable to the liability. It ought to be noticed that allowance can’t exceed the available pay.
  • Rewards or interests acquired from the strategy are not qualified to be guaranteed as an assessment allowance under Section 80CCC of the Income Tax Act.
  • The pension fund is liable for taxes and is a part of the income that has been gained in the previous year.
  • The amount of the annuity plan’s surrender, regardless of whether it is whole or part, is chargeable.
  • The pension acquired from the annuity plan is chargeable under tax.

Distinction Between Sections 80C vs 80CCC

  • The fundamental difference between Income Tax Section 80C and Section 80CCC is that under Section 80C, the sum to be paid may come from the income that isn’t chargeable under tax.
  • People who have paid money in abundance and yet have put money into schemes of LIC, PPF, Mediclaim, or other insurance agencies might guarantee these allowances under the section and get a discount on the charges paid while filing their Income Tax Returns.
  • Residents and Non-Residents of India might get the allowances accessible under Section 80CCC. Be that as it may, by no means, a Hindu Undivided Family is qualified for allowances under this section.
  • An individual cannot get further exemptions after crossing the limit of ₹1.5 Lakhs under the benefits under Section 80C, Section 80CCC and 80CCD (1).



Deductions upto ₹ 1,50,000/- on taxable income

Tax deductions with respect to contributions made toward pension/annuity plans

Only HUFs and individuals can file under this section.

Only HUFs and individuals can file under this section.

Tax on savings is a feasible option that safeguards earning individuals so that they can reduce their taxes and make beneficial and rewarding expenditures and investments. Deductions are a reliable option that give rise to savings opportunities for a better tomorrow.

Kotak e-Term

Download Brochure


  • Life Cover till 85 years for Life & Life Secure Option
  • 3 Payout Options
  • Special Rates for Women
  • Option to exit the policy with premium refund at the age of 60*
  • Special Rates for Non-Tobacco Users
  • Free Medical Check Up every 5th year**

Ref. No. KLI/22-23/E-BB/2435


- A Consumer Education Initiative series by Kotak Life

Similar Articles

All About Term Insurance Inbuilt Coverage

Why Premium Amount for Term Insurance is So Low?

Which Death Type Does Your Term Plan Not Cover?

Difference Between Term Insurance and Endowment Plan

Why Spending Time with Friends is Essential for Your Mental Health?

Can Term Insurance Plans Be Purchased As A Gift?

Ensure Protection Against Death, Disease & Disability With Life Insurance

भारत में जीवन बीमा कितने प्रकार के होते हैं?

Understanding Term Insurance Riders

Endowment Plans vs Term Plans: Understanding the difference

How to Compare Term Insurance Online

Benefits of Short-Term Life Insurance Policy

Term Vs. Whole Life Insurance: Which One You Should Buy in India?

10-Year Term Life Insurance Policy - Explained in Detail

Is Group Term Life Insurance Provided By Employer Sufficient?

5 Benefits of Early Retirement Planning

What is a term insurance plan with a return of premium, and how does it work?

What Should Be The Duration Of Your Term Plan in India?

Term Insurance: Most Common Term Insurance Myths Explained | Kotak Life

Why Should You Not Take A Term Plan Without Medical Test in India?

4 Reasons Why You Need Critical Illness Cover

How Does Term Life Insurance Work? Learn the Benefits

Gift Your Father A Term Insurance Plan This Father's Day

Are The Add-ons and Optional Features of Term Insurance Plans Actually Beneficial?

Eligibility Criteria for Buying Term Insurance in India

Why Should New Parents Buy Term Life Insurance?

Term Life Insurance Plan for Smokers vs Non-Smokers

What Are the Best Term Insurance Plans for Planning Retirement?

How To Choose the Right Term Insurance Plan?

All you need to Know about Term Insurance Plans for housewives

Reasons You Need Term Insurance Plan as a Self-Employed Person

Should Youngsters, Working Couples Buy Term Insurance Plans?

What Are Insurance Riders and How to Choose Them in a Term Plan?

4 Methods to Calculate How Much Term Insurance You Need

Is a Term Insurance Policy Portable?

Why Buying a Term Plan Is Smarter Than Traditional Life Insurance Products

क्या ₹1 करोड़ का टर्म इंश्योरेंस पर्याप्त कवर है?

Why You Must Include In Your Financial Planning?

What is a Joint Term Insurance Plan? Key Benefits of Joint Term Plan

Individual Life Insurance vs. Group Term Life Insurance

Term Insurance Vs Car Insurance: A Budgetary Choice You'll Regret

How To Change The Nominee in Term Insurance?

Insuring yourself against Ill Health with a Critical Illness Rider

How Does BMI Affect Your Term Insurance Premium?

Ideal Features of a Suitable Term Plan - Act Now for a Stress-free Future

Term Insurance with Critical Illness

Is It Good To Buy A Term Insurance Plan In 2022?

Steps on How to Buy Term Insurance Online

Different Types of Protection Plans

Key Differences Between Term Insurance, ULIPs, And Health Insurance

How do I Calculate My Term Insurance Premium

टर्म इंश्योरेंस क्लेम प्रक्रिया

While Buying Term Insurance Compare Features, Not Just Premiums

How to Buy 1 Crore Life Insurance Policy Without Medical Test

टर्म इंश्योरेंस बनाम लाइफ इंश्योरेंस: अंतर और लाभ समझें

Difference Between Term Insurance and Endowment Plan

Is Term Life Insurance Plan an Investment or Expense?

Do Beneficiaries Pay Taxes on Term Insurance?

Is Life Insurance Investment Worthy Enough

Calculating Term Insurance Premium

Term Plans are Definitely Cheaper than You Think!

Planning For Children's Future

How To Calculate The Amount Of Term Life Insurance You Need?

Top 3 Reasons Why You Should Buy A Term Plan Now

10 Ways to Mentally Refresh After a Stressful Day

Tips to Choose the Right Term Period for Term Insurance Plan

Can a Housewife Buy a Term Insurance Plan - All You Need to Know

6 Reasons That Make Term Insurance a Must Buy

जीवन बीमा पॉलिसी लेने की प्रक्रिया क्या है?

Advantages of Buying Term Insurance in Your 50s

How Does Term Life Insurance Work? Learn the Benefits

Term Insurance Age Limit – Term Plan for All Age Groups

Can I Make Changes to My Term Insurance Policy Post Purchase?

Term Insurance vs Life Insurance: Understand the Difference and Benefits

भारत में गृहणियों के लिए टर्म इंश्योरेंस

When is the Right Time to Buy Term Life Insurance Policy for Yourself?

Why 1 Cr Term Plan Is Necessary For Family?

Planning For Son or Daughter's Wedding

Should you buy a Renewable Term Life Policy?

Do term insurance policy have a waiting period after buying?

Do I Need to Give a Medical Test for Term Insurance in India?

Difference Between Short-Term and Long-Term Insurance

Why Short-Term Insurance Plans Deserve a Second Look?

What are the Documents Required for Term Insurance Plan?

How Much Term Life Insurance Cover Do I Need in India?

Side Effects of Covid-19 Booster Doses

Do You Need Term Insurance Cover After Retirement?

Types of Life Insurance Policies in India

What is Term Insurance? Term Plan Meaning and Definition

Term Insurance Basics You Should Know

11 Types of Death not covered in Term Insurance Plans

How Much Term Life Insurance Cover Do I Need?

Why Should You Buy Term Insurance in 2022?

How to Buy ₹1 Crore Life Insurance Policy Without Medical Test?

Why Buy Term Insurance Plan With a High Cover?

Can I Extend the Tenure of My Term Insurance Plan?

What is Critical Illness Policy?

Term Insurance With Riders In India

6 Types of Death not covered in Term Insurance Plan

Make Your Online Term Plan Your Family's Monthly Pay Cheque

Different Types of Premiums in Term Insurance?

10 Most Frequently Asked Questions - FAQs on Term Insurance

Make Your Online Term Plan Your Familys Monthly Payout

Why Term Insurance Is Better Than ULIP?

What Is the Correct Age to Buy Term Insurance?

Why Buy Term Insurance Even at Rising Rates?

8 Benefits of Term Insurance You Should Know

3 Things to Consider When Buying Term Insurance, If You are Single

Increasing Term Insurance and Riders

Key IRDAI Regulations That Changed Face Of Term Insurance Industry In 2020

Which Term Insurance to Choose: Lump Sum or Staggered Pay-out Plan?

Why Married People Should Buy Term Insurance Under MWP Act?

How Not To Get Your Term Insurance Claim Rejected

5 Things To Consider While Buying Term Insurance Plan

What Happens if you Hide Facts in your Term Insurance?

Term Life Insurance Vs Money Back Life Insurance

10 Ways to Get Your Kids Involved in Your Healthy Lifestyle

Importance of Term Insurance at Every Stage of Your Life

What are incremental term insurance plans?

Insurance Policy for Housewife In India

What Should You opt for - Limited or Premium Pay?

5 Reasons to Buy Term Insurance When You are in Your 30s

Is term Insurance Needed for People With No Dependents?

What is Form 16, Form 16 part A, Form 16 part B, Information Required and FAQs

Why should single women purchase term life insurance?

Comparing Term Plans – What Should You Look Out For

Term Insurance Plans and Policies for Smokers

Know How to Invest at Every Age for Larger Returns

Can I Buy Term Insurance for a COVID-19 Patient?

Should You Have Multiple Term Life Insurance Policies?

What Is a Passive Income? Why Should You Use It to Buy a Term Plan?

Busting Myths and Facts About Term Insurance Policies

Why Term Insurance Is Important in times of COVID-19?

Can You Get Term Insurance Without Income Proof?

Term Insurance: Smokers vs Non-Smokers

Does Term Insurance Cover Accidental Death?

Should you have more than one nominee in your term insurance?

8 Factors to consider before choosing a Critical Illness Insurance

Insuring Against Disability With Disability Insurance Rider

Choosing Riders for Insurance Plans

टर्म इंश्योरेंस क्या है? टर्म इंश्योरेंस का मतलब

8 Things To Do After Buying Term Insurance

How To Choose the Right Sum Assured Under a Term Plan?

5 Term Insurance Benefits for Single Women

What Types of Deaths Are Covered in a Term Insurance Plan?

Why Term Plan Should Be The First Step To Securing Your Future?

Joint vs Individual Term Insurance: Which One Should You Choose?

Is ₹1 Crore Term Insurance Good Enough Cover?

Does Your Term Insurance Plan Cover Death Due to COVID-19?

Why Should You Add a Rider to a Term Insurance Plan?

Term Insurance Calculator - Everything You Need To Know

How to Surrender Term Life Insurance When You Have No Liabilities?

5 Reasons to Have a Child Education Plan

Term Insurance Claims – Make Sure Your Claims Are Never Rejected

Everything About Claim Settlement Ratio for Term Insurance

4 Things To Expect From Your Term Insurance Plan in India

Can You Increase Your Term Insurance Cover?

What is a short term insurance policy?

Advantages & Disadvantages of Term Insurance in India

How Much Cover Should I Take In A Term Plan?

What is Insurance Premium? | Definition of Insurance Premium

9 Point Guide on how to File Income Tax Return Online

Should You Buy a Term Plan After 40?

Buying A Term Insurance Plan? Take These Factors into Account

Can I Get Term Insurance on Behalf of My Spouse?

Zero Cost Term Insurance Plan: What is & Should you buy it?

9 Ways to Help Family Members in Financial Trouble

Cost of Term Insurance Likely to Increase Soon

What All Documents Required For Term Insurance In India?

How to Identify Term Insurance According to Your Needs?

Buying A Term Insurance? Don't Ignore the Claims Settlement Ratio

Why does every working women need life insurance?

Is There Any Tax Benefit on Term Insurance?

Can Non-Resident Indians (NRIs) Buy Term Insurance In India?

Insuring Protection Against Death With Death Insurance Rider

Why is it important to buy term insurance plan?

What Is a Renewable Term Insurance Policy?

Is it a Good Time to Buy Term Insurance During the COVID-19 Pandemic?

कोविड -19 बूस्टर खुराक के दुष्प्रभाव

All about Online Income Tax Calculator

What is the Right Term Period For Term Insurance Policy? Here's How You Should Choose!

Protection for your family

Insuring Against Accidents with an Accidental Death Insurance Rider

Why Surrendering Your Term Plan Policy In The Final Phase Maybe A Bad Idea?

9 Most Frequently Asked Questions on Term Insurance

How Does Short-Term Life Insurance Work?

Term Insurance: What Happens When You Don’t Pay Your Premiums?

Online vs Offline Term Insurance: Which Is The Better Option To Buy

Tax Benefits of Term Insurance in India

Can Senior Citizens Avail Term Insurance?

What Happens to Term Insurance Plan With No Beneficiary - Kotak Life

Term Plan with Spouse Cover

How To Evaluate Your Term Insurance Quote?