Tax Saving Under Section 80C

Compare every 80C instrument — ELSS, PPF, NPS, ULIP, tax-saving FD — and learn how to optimize your ₹1.5 lakh limit for maximum tax saving.

30 articles

₹1.5 Lakh vs ₹2 Lakh 80C Limit — What Changed and When? The Section 80C limit for tax deduction is currently 1.5 lakh rupees, not 2 lakh. You can achieve a total deduction of 2 lakh… 5 min read
I Invested ₹1.5 Lakh in 80C But My TDS Didn't Reduce — Why? If you invested 1.5 lakh rupees under Section 80C but your TDS didn't reduce, it is likely because you did not submit investment… 5 min read
Is Section 80C Only for Salaried People? Section 80C is not just for salaried people. Any individual or HUF with a taxable income in India, including freelancers… 5 min read
How Much Tax Can You Save by Investing ₹1.5 Lakh Under 80C? Investing the full 1.5 lakh rupees under Section 80C can save you up to 46,800 rupees in tax, depending on your income tax slab… 5 min read
ELSS vs Direct Equity — Does the 80C Benefit Justify the Restriction? ELSS offers a tax deduction under Section 80C but comes with a mandatory 3-year lock-in period. Direct equity provides full… 5 min read
What is ELSS and How Does it Save Tax Under 80C? ELSS, or Equity Linked Savings Scheme, is a type of mutual fund that invests in the stock market and comes with a three-year… 5 min read
What is the Minimum Amount to Invest in ELSS for Tax Saving? The minimum amount to invest in an Equity Linked Savings Scheme (ELSS) for tax saving is typically 500 rupees. This makes it a… 5 min read
Can I Invest in Multiple ELSS Funds for 80C? Yes, you can absolutely invest in multiple ELSS funds to claim deductions under Section 80C. The total deduction you can claim… 5 min read
Can ELSS Guarantee Tax-Free Returns Like PPF? No, ELSS cannot guarantee tax-free returns like PPF. ELSS returns are linked to the stock market and are not guaranteed, and any… 5 min read
What is the Post-Tax Return of ELSS vs PPF at Different Tax Slabs? ELSS offers a post-tax return of about 10.8% (assuming 10% LTCG on gains over 1 lakh rupees), while PPF provides a tax-free… 5 min read
What is the PPF Interest Rate and Is It Enough to Beat Inflation? The PPF interest rate is 7.1 percent. It beats consumer inflation by 1 to 2 percent but loses to education and healthcare… 5 min read
What is NSC — National Savings Certificate Explained The National Savings Certificate (NSC) is a fixed-income investment scheme backed by the Government of India. It offers a… 5 min read
I Missed Last Year's NSC Purchase — Can I Still Claim 80C? No, you cannot claim a tax deduction for an NSC purchased after the financial year has ended. However, you can still save tax… 5 min read
What Happens to PPF Account If I Become an NRI? If you become an NRI, your existing Public Provident Fund (PPF) account remains active until its 15-year maturity, and the… 5 min read
Is NSC Interest Really Tax-Free? The Truth About NSC Taxation No, the interest earned on a National Savings Certificate (NSC) is not tax-free; it is fully taxable. The confusion arises… 5 min read
Does PPF Give Completely Tax-Free Returns? Understanding EEE Status Public Provident Fund (PPF) offers Exempt-Exempt-Exempt (EEE) status, meaning your investment, interest earned, and maturity… 5 min read
PPF Maturity Calculator — How Much Will ₹1.5 Lakh Per Year Become? Investing 1.5 lakh rupees in PPF annually can grow to over 40 lakh rupees in 15 years, assuming a 7.1% interest rate. This makes… 5 min read
What is Section 80CCD(1B) and How Does It Give ₹50000 Extra Deduction? Section 80CCD(1B) is a part of the Indian Income Tax Act that allows you an extra tax deduction of up to 50,000 rupees. This… 5 min read
How Much Can I Invest in NPS Under 80CCD(1) Per Year? For Section 80CCD(1) NPS contribution, salaried individuals can invest up to 10 percent of Basic plus DA and self-employed up to… 6 min read
Is ULIP Premium Eligible for 80C Deduction in India? Yes, the premium you pay for a Unit Linked Insurance Plan (ULIP) is eligible for a deduction under Section 80C of the Income Tax… 5 min read
How to Get Extra ₹50000 NPS Deduction Beyond the 80C Limit Section 80CCD(1B) of the Income Tax Act allows you to claim an additional tax deduction of up to 50,000 rupees for contributions… 5 min read
NPS Tier 1 vs Tier 2 — Which Account is Better for Tax Saving? For tax saving, the NPS Tier 1 account is the only option as it offers deductions under Section 80CCD(1) and an exclusive 50,000… 5 min read
Can I Withdraw NPS Before Retirement and Still Keep the Tax Benefit? Yes, you can withdraw from your NPS account before retirement without losing past tax benefits claimed under Section 80C. Partial… 5 min read
My Employer Offers NPS but I Already Have 80C Full — Should I Join? Yes, you should consider joining NPS even if your 80C limit is full, because it offers additional tax deductions under Section… 5 min read
I Paid LIC Premium in March — Can I Claim 80C in This Financial Year? Yes, if you paid your LIC premium in March, it counts towards your tax deduction for the financial year ending March 31st. This… 5 min read
I Relied on LIC for 80C for 10 Years — How Do I Transition Out? Relying on LIC for 80C tax savings can lead to low returns and feeling stuck with high premiums. The solution involves evaluating… 5 min read
I Rush to Invest in 80C Every March — How to Plan Better? To save tax under section 80C in India without the March panic, plan in April. List existing contributions like EPF, home loan… 5 min read
I Have Too Many 80C Products and Cannot Track Them All If you have too many Section 80C products and cannot track them all, you need a system. Create a master list, use digital tools… 5 min read
My Bonus Pushed Me to 30% Tax Slab — Can 80C Bring Me Down? Yes, Section 80C can help you lower your taxable income if a bonus pushes you into the 30% tax slab. By making eligible… 5 min read
Can I Claim 80C Deduction if I File ITR After the Due Date? Yes. You can claim Section 80C deductions in a belated ITR filed by 31 December of the assessment year, provided you opt for the… 5 min read