80C Deduction Planner

Section 80C of the Income Tax Act allows deductions up to ₹1.5 lakh per year on investments and payments like PPF, ELSS, LIC premium, EPF, NSC, 5-year FD, home loan principal, and children's tuition fees. This reduces your taxable income and thus your tax liability. Only available under the Old Tax Regime.

No. Section 80C deductions are not available under the New Tax Regime. From FY 2023-24, the New Regime is the default. To claim 80C, you must explicitly opt for the Old Tax Regime when filing your ITR.

ELSS funds offer the shortest lock-in (3 years) with equity market returns. PPF offers guaranteed tax-free returns with EEE status. NPS (80CCD) gives an extra ₹50,000 deduction over the ₹1.5L 80C limit. The best choice depends on your risk appetite, liquidity needs, and existing EPF contributions.

Yes. The employee's share of EPF contribution is eligible under Section 80C. It is typically already included in your salary structure and reflected in Form 16. However, if you include it here, don't double-count it with your employer-reflected deductions.