Income Tax Deductions Under 80C: Eligibility and Tax-Saving Options

What Is Section 80C?

Section 80C of the Income Tax Act offers tax deductions of up to INR 1.5 lakh annually.

How Does Section 80C Help You Save Tax?

It allows you to reduce taxable income by investing in options like PPF, ELSS, or life insurance.

What Is the Eligibility for Section 80C Deductions?

It is available to salaried and self-employed individuals, and Hindu Undivided Families (HUFs).

What Are the Popular Section 80C Tax-Saving Options?

Popular 80C tax-saving options include PPF, ELSS, EPF, NSC, and 5-year tax-saving fixed deposits.

Personal Loan and Section 80C

Principal repayments on personal loans for home renovation may qualify for Section 80C deductions.

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