A liquid crystal device comprises a first substrate, a second substrate disposed facing the first substrate, a light shielding layer disposed between the first substrate and the second substrate, a transistor disposed above the first substrate, a data line that supplies image signals to the transistor, a scanning line that supplies scanning signals to the transistor and disposed across with the data line, a first transparent electrode disposed between the second substrate and the first substrate, a second transparent electrode disposed between the first transparent electrode and the first substrate, an insulating film disposed between the second transparent electrode and the first substrate, and a third transparent electrode disposed between the insulating film and the first substrate. The light shielding layer overlaps with the transistor in a plan view of the first substrate.