What is Section 80C?
Section 80C of the Income Tax Act allows a deduction of up to ₹1.5 lakh per year from taxable income for specified investments and expenses — including PPF, EPF, ELSS, life insurance premiums, NSC, and children's tuition fees. It is available only under the old tax regime.
The ₹1.5 lakh limit is a combined cap across all eligible instruments, not ₹1.5 lakh per instrument — so if you invest ₹1 lakh in PPF and ₹1 lakh in ELSS in the same year, only ₹1.5 lakh total is deductible, not ₹2 lakh.
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