What This Calculator Does

It calculates:

✔ Total investments under Section 80C
✔ Maximum deduction allowed (₹1.5 lakh limit)
✔ Helps taxpayers estimate tax savings

Example Calculation

Suppose your investments are:

EPF = ₹60,000
PPF = ₹40,000
ELSS = ₹30,000
LIC premium = ₹20,000

Total investments:

₹1,50,000

Deduction allowed:

₹1,50,000

If investments were ₹1,80,000, deduction would still be capped at ₹1,50,000.

What Investments Qualify Under Section 80C?

Common eligible investments include:

• Employee Provident Fund (EPF)

• Public Provident Fund (PPF)

• ELSS Mutual Funds

• Life Insurance Premium

• Home Loan Principal Repayment

• Children’s Tuition Fees

• Tax Saving Fixed Deposits

• National Savings Certificate (NSC)

Maximum deduction allowed:

₹1,50,000 per financial year.

Who Can Claim Section 80C Deduction?

Section 80C deduction can be claimed by:

• Individuals

• Hindu Undivided Families (HUF)

It is not available for companies or partnership firms.

Important Note About New Tax Regime

Section 80C deduction is not available under the new tax regime.

Taxpayers must choose the old tax regime to claim these deductions.

FAQs

What is the maximum deduction under Section 80C?

The maximum deduction allowed is ₹1,50,000 per financial year.

Is LIC premium eligible for Section 80C?

Yes, life insurance premiums paid for self, spouse, or children qualify under Section 80C.

Can home loan principal be claimed under Section 80C?

Yes, repayment of the principal portion of a home loan qualifies for deduction.

Can I claim both PPF and ELSS deductions?

Yes, multiple investments can be combined, but the total deduction cannot exceed ₹1,50,000.

For more info. read :

• Income Tax Calculator (old vs new regime)

• In-hand salary calculator

• HRA calculator

• Section 80C deductions list guide

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