Section 80C Deductions & Tax Savings Calculator

Section 80C Deductions & Tax Savings Calculator Maximize Your Tax Savings under Section 80C Section 80C of Chapter VI-A of the Income-tax Act, 1961 allows individuals and Hindu Undivided Families (HUFs) to reduce their taxable income by investing in prescribed statutory savings instruments, up to a maximum threshold of ₹1,50,000 per financial year. Eligible Investments & Expenses under Section 80C Instrument / Expense Lock-in Period Tax Treatment Employees’ Provident Fund (EPF) Until retirement / exit Exempt-Exempt-Exempt (EEE) Public Provident Fund (PPF) 15 Years Exempt-Exempt-Exempt (EEE) Equity Linked Savings Scheme (ELSS) 3 Years (Shortest lock-in) LTCG taxable > ₹1.25L @ 12.5% Life Insurance Premiums (LIC) Policy Tenure Maturity exempt […] Read Full Article: Section 80C Deductions & Tax Savings Calculator