80C

Section 80C of the Income Tax Act allows individual taxpayers and Hindu Undivided Families to claim a deduction of up to ₹1.5 lakhs per financial year from their gross total income on specified investments and expenses.

Eligible instruments include Public Provident Fund, Equity-Linked Saving Schemes, National Savings Certificate, life insurance premiums, home loan principal repayment, tuition fees for children's education, and the Senior Citizens Savings Scheme. The deduction is available under both the old and new tax regimes.