Taxation
Section 80C
pronounced: [S-e-c-t-i-o-n- -8-0-C]
Section 80C of the Income Tax Act allows deduction of up to Rs 1.5 lakh per year from taxable income for investments in PPF, NSC, ELSS, life insurance premiums, EPF, and other specified instruments.
Key Facts
| Fact | Value |
|---|---|
| Tax Section | SECTION 80C |
Example
A ₹5 lakh personal loan at 10% p.a. for 3 years has an EMI of ₹16,607/month. Total payment = ₹5,97,852, of which ₹97,852 is interest.
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Last updated: 21 May 2026