Section 80C
Section 80C of the Indian Income Tax Act provides tax benefits on various investments and expenses such as life insurance premiums, Public Provident Fund (PPF), Equity Linked Savings Scheme (ELSS), National Savings Certificate (NSC), etc. up to a maximum limit of Rs. 1.5 lakhs. Section 80C applies only to individual taxpayers and HUFs( Hindu Undivided Families). Corporate … Read more