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Section 80C: Meaning & Deductions under Section 80C
Section 80C of the Income Tax Act allows individuals to claim deductions of up to ₹1.5 lakh annually on investments.
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How to Save Tax with Saving Plans?
Section 80C, 80CCC and 80CCD(1) allow an aggregate deduction upto ₹ 1.5 lakh per financial year on eligible investments. These sections cover a wide variety of investment options, ranging from a simple life insurance plan to a hybrid ULIP among others.