Section 80C Deduction Calculator
Section 80C Deduction
Calculate total Section 80C tax deductions from various qualifying investments and expenses under Indian Income Tax Act
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Formula
Total Deduction = Min(150000, PPF + ELSS + Insurance + Others); Tax Saved = Deduction x Tax Rate x 1.04 (cess)
Frequently Asked Questions
What is the maximum deduction under Section 80C?
The maximum deduction allowed under Section 80C of the Income Tax Act is Rs. 1,50,000 per financial year. This includes all qualifying investments and expenses combined.
What investments qualify under Section 80C?
Qualifying investments include PPF, EPF, ELSS mutual funds, NSC, 5-year tax saving FD, life insurance premiums, home loan principal repayment, SSY, and tuition fees for up to two children.
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