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Tax

Section 80C

The most popular tax deduction, letting you cut up to ₹1.5L from taxable income via approved investments.

Section 80C lets you reduce your taxable income by up to ₹1.5L a year by investing in approved options.

Eligible choices include ELSS, PPF, EPF, life insurance premiums, tax-saving FDs, and home loan principal.

It only works under the old regime. The new regime scraps it in exchange for lower rates.

For example

Investing ₹1.5L in ELSS and PPF combined can cut your taxable income by ₹1.5L, saving up to ₹46,800 in the old regime.

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