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80c


What is Section 80(c) of the Income Tax Act?

Section 80c comprises of various investments and expenses that are eligible for tax deductions. Under section 80C, a deduction of Rs 1,50,000 can be claimed from once total income. One can reduce up to Rs 1, 50,000 from his total taxable income through section 80C. This deduction is given to an Individual or a Hindu Undivided …