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Page A-960
Income Tax Investments Under Section 80C
For those wondering what is Section 80C-, it is a provision under the Income Tax Act 1961 that allows a tax deduction of up to ₹ 1.5 lakh on eligible investments.
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Section 80C: Meaning & Deductions under Section 80C
Section 80C of the Income Tax Act is a section that includes various expenditures and investments to be exempted from Income Tax. Section 80C allows a maximum deduction up to ₹1.5 lakhs per year from an investor’s total taxable income.