Section 80C: All About Tax Deductions Under Section 80C

Hero Fincorp01 Aug, 2022Finance

Section 80C of the Income Tax Act exempts certain investments and expenditures from taxation. However, the maximum permissible limit for such deductions is Rs 1.50 lakhs. This section's benefit apply to both salaried and self-employed individuals, a Hindu Undivided Family, partnership firms, and a few other entities.