4 days ago · Under section 80C you can claim a deduction of ₹1.5lakhs by investing in PPF, ELSS etc. Also, you can claim a deduction for medical insurance premium upto ₹75,000 per year for yourself and your family , and up to ₹1,00,000 annually for senior citizens.

Section 80C of the Income Tax Act of India is a clause that points to various expenditures and investments that are exempted from Income Tax. It allows for a maximum deduction of up to Rs 1.5 lakh every year from an individual’s total taxable income.

Apr 4, 2017 · Section 80 C : Find out the Investments and payments that are eligible for 80C deductions. Compare the popular 80C investments in terms of risk, returns, lock-in.

Jul 21, 2020 · In order to calculate total income of an Individual & HUF certain payments are very important to claim deduction u/s 80. Hence to know about which type of payment that are eligible to deduct from Gross Total Income so that assessee can pay least tax: 1.

6 days ago · Section 80C of the Income Tax Act allows for deductions up to Rs.1.5 lakh p.a. Under the section, individuals can invest in several savings schemes to claim deductions on their taxable income. The amount of tax savings depends on the type of tax benefit claimed.

Feb 18, 2025 · Section 80C is a tax-saving provision under the Indian Income Tax Act 1961. It allows taxpayers to claim deductions on specified investments and expenses such as Public Provident Fund (PPF), Employee Provident Fund (EPF), National Savings Certificate (NSC), Tax Saving Fixed Deposits, children’s tuition fees etc.

Mar 28, 2024 · Section 80C of the Indian Income Tax Act is one such section that covers tax deductions on certain investments and expenses. What is Section 80C? Section 80C provides tax benefits to Individuals and Hindu Undivided Families (HUFs) only and is the most popular and widely utilized section for tax-saving purposes.

Feb 26, 2025 · Learn how Section 80C, 80D, and HRA are treated under the new tax regime. Understand the impact of these deductions and exemptions on your taxable income.

Sep 30, 2024 · Summary: Section 80C of the Income Tax Act provides tax-saving opportunities for individuals and Hindu Undivided Families (HUFs) by allowing deductions on specific investments and expenses.

What is Section 80C? Section 80C of the Income Tax Act, 1961 enables you to avail tax exemptions through strategic investments. This section allows you to benefit from financial growth and reduce your tax liabilities.