Tax
Section 80C
The most popular tax deduction, letting you cut up to ₹1.5L from taxable income via approved investments.
Section 80C lets you reduce your taxable income by up to ₹1.5L a year by investing in approved options.
Eligible choices include ELSS, PPF, EPF, life insurance premiums, tax-saving FDs, and home loan principal.
It only works under the old regime. The new regime scraps it in exchange for lower rates.
For example
Investing ₹1.5L in ELSS and PPF combined can cut your taxable income by ₹1.5L, saving up to ₹46,800 in the old regime.