Section 80C - Deduction for Investments & Payments
Allows deduction of up to ₹1,50,000 per financial year for investments in specified instruments: PPF, NSC, ELSS mutual funds, LIC premium, 5-year tax-saver FD, home loan principal repayment, tuition fees for two children, ULIP, Sukanya Samriddhi.
Key provisions
- Max deduction ₹1,50,000 combined under 80C + 80CCC + 80CCD(1)
- ELSS (Equity Linked Savings Scheme) has 3-year lock-in - shortest among 80C instruments
- PPF has 15-year tenure; deposits up to ₹1.5 lakh per year qualify
- Home loan principal repayment qualifies only for self-occupied or let-out property under IT Act 2025
- LIC premium qualifies if premium ≤ 10% of sum assured (policies issued after April 1, 2012)
- Under IT Act 2025, deductions under this section are available only under the old regime (opt-in required)
FAQs
The maximum deduction is ₹1,50,000 per financial year under Section 80C. This limit is combined with 80CCC (pension plan) and 80CCD(1) (NPS employer contribution). An additional ₹50,000 is available under 80CCD(1B) for NPS self-contribution, taking total NPS-linked deduction to ₹2,00,000.
Use via API
GET/v1/tax-law/sections/by-2025-ref/123
Programmatic access - free, no signup required. ISR-cached for 24 hours.
REQUEST · cURL
curl https://api.thynktax.com/v1/tax-law/sections/by-2025-ref/123
RESPONSE · 200 OK
{
"act_2025_ref": "123",
"old_reference": "Section 80C, Income Tax Act 1961",
"title": "Section 80C - Deduction for Investments & Payments",
"category": "Deduction",
"limit_or_rate": "₹1,50,000 per FY",
"applicable_to": "Individual, HUF",
"effective_from": "2026-04-01"
}