Section 80C: Income Tax Deductions u/s 80C, 80CCC, 80CCD & 80D Explained in Detail Guide
As the Indian financial year approaches its close, tax-saving strategies become a hot topic for salaried professionals, business owners, and investors. Among the most popular avenues for tax deductions is Section 80C of the Income Tax Act, 1961, along with its extensions — Sections 80CCC, 80CCD, and 80D. These sections offer powerful tools to reduce taxable income by investing in specified instruments and spending on eligible expenditures. This comprehensive guide covers all aspects of these deductions — from eligibility to limits and recommended instruments — enabling you to make informed decisions and maximize your tax savings.