Calculate 80C Deduction
Total 80C Investments:
₹0
Maximum Allowed Deduction:
₹1,50,000
Your 80C Deduction:
₹0
Tax Saved (30% slab):
₹0
About Section 80C
Section 80C of the Income Tax Act allows deduction up to ₹1.5 lakh from taxable income for specified investments and expenses.
Eligible Investments under 80C:
- Public Provident Fund (PPF)
- Employee Provident Fund (EPF) & Voluntary Provident Fund (VPF)
- Equity Linked Savings Scheme (ELSS)
- Life Insurance Premium (LIC)
- National Savings Certificate (NSC)
- Tax Saver Fixed Deposit (5 years lock-in)
- Home Loan Principal Repayment
- Tuition Fees (for 2 children)
- Sukanya Samriddhi Yojana (SSY)
- Senior Citizens Savings Scheme (SCSS)
Key Points:
- Maximum deduction limit: ₹1,50,000 per financial year
- Combined limit for 80C, 80CCC, and 80CCD(1)
- Additional ₹50,000 deduction under 80CCD(1B) for NPS