What is Section 80c of Income Tax Act?

DS Posted by: Daksh Sinha
• 10 October, 2025
5 Reply

Section 80C of the Income Tax Act allows tax deduction benefits to the taxpayer up to 1.5 lakhs INR on various schemes and investments. It includes life insurance premiums, loan principal repayment, Sukanya Samriddhi Yojana ELSS mutual funds, and many more.

Tags : Section 80c of Income Tax Act

  • Samar Kulkarni 14 October, 2025

    What is the process to claim deductions under Section 80C?

    • AM
      Arjun Mehta 16 October, 2025

      I have claimed my deductions for those investments that have been filed in my ITR without submitting proof to my employer. However, for this, the investments should be made before the end of the financial year.

    • S
      Savetaxs 15 October, 2025

      Here is the detailed process to claim your deduction under Section 80C of the Income Tax Act:

      • You must be eligible to invest in the investment instrument before March 31 of the fiscal year. 
      • You ned to gather all the statements, deposit slips, insurance premium receipts, and ELSS. 
      • Declare investments to adjust TDS to your employer. 
      • Now, under the deductions under Chapter VI-A, you need to file the ITR report for investments. 

       

  • Aniket Bansal 13 October, 2025

    From 1 April 2025, the limit for tax deduction is increased to 2 lakhs from 1.5 lakh. However, no relations were made and no changes were applied with respect to the 80C budget. 

    • AI
      Akshara Iyer 15 October, 2025

      80C Section is considered best for tax saving deductions in the old tax regime for the given reasons below: 

      • It has a variety of investments, in the provident funds, fixed deposits, national savings certificates, insurancesand government schemes. 
      • It provides a vast span for the investments under Section 80C, which is 5 years. 
      • It assists in saving taxes and helps in financial planning. 
      • This section protects investments that have more returns than the economic inflation. 

       

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