Utilizing Section 80C for reducing Taxable income

Section 80C offers a maximum deduction of up to Rs. 1,50,000. Utilize this section to the fullest by investing in any of the available investment options. A few of the options are as follows:

  • Public Provident Fund
  • Life Insurance Premium
  • National Savings Certificate
  • Equity Linked Savings Scheme
  • 5 year fixed deposits with banks and post office
  • Tuition fees paid for children’s education, up to a maximum of 2 children
  • Housig Loan Repayment