Section 80C of the Income Tax Act allows deductions of up to Rs. 1.5 lakh on investments and eligible expenses. Choosing the right instrument depends on your risk appetite and financial goals.
Best 80C Investment Options
- PPF (Public Provident Fund): Safe, tax-free returns at 7-8% with 15-year lock-in
- ELSS (Equity Linked Savings Scheme): Market-linked, 3-year lock-in, high return potential
- NSC (National Savings Certificate): Guaranteed returns, 5-year tenure
- Tax-Saving FD: 5-year fixed deposit with guaranteed returns
- Life Insurance Premium: Premiums paid for eligible life insurance policies
Use our GST Calculator and other financial tools to plan your tax strategy effectively.
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