Section 80C of the Income Tax Act allows individuals and HUFs to claim deductions up to ?1.5 lakh annually. This helps reduce taxable income and tax liability.

Top 80C Eligible Investments/Payments:

1. Public Provident Fund (PPF)

2. Employee Provident Fund (EPF)

3. National Savings Certificate (NSC)

4. Life Insurance Premiums (LIC)

5. Tax-saving Fixed Deposits (5-year)

6. Equity Linked Saving Schemes (ELSS)

7. Principal repayment of home loan

8. Children’s tuition fees

Tips to Maximize Benefit:

• Plan investments early in the year.

• Choose ELSS for higher returns and lowest lock-in (3 years).

• Avoid last-minute rush with low-return options.

Note: 80C is not available under the New Tax Regime.