Section 80C to 80U Income Tax Deductions
Section 80C to 80U includes multiple tax saving options with old tax regime to reduce your tax liability. EPF, 5 Year Fixed Deposits, ELSS..
income tax deductions
Deductions Allowed for Tax Payers to Save Income Tax
Important Deductions Allowed for Tax Payers include Section 80C (Rs. 1.5 Lacs), Section 80CCD(1B) (Rs. 50,000), HRA, Section 24 (Rs. 2 Lacs).
All Deductions in Section 80C & Chapter VI A
Deductions in 80C include, PPF, Provident Fund, Life insurance premiums, ELSS, children’s tuition fees, etc. Claim Rs 1.5 Lacs in 80C and Rs. 50,000 in 80CCD(1B)