Tax
What is Section 80C? — Meaning, Definition & Example
Definition
Section 80C of the Income Tax Act allows deductions up to ₹1.5 lakh per financial year from taxable income. Eligible investments include PPF, ELSS, EPF, NPS (partial), life insurance premium, NSC, SSY, 5-year FD, home loan principal, and tuition fees.
💡 Real Example
If your taxable income is ₹10 lakh and you invest ₹1.5 lakh in PPF + ELSS, your taxable income reduces to ₹8.5 lakh under the Old Regime.
🇮🇳 Section 80C in Hindi / हिंदी में
धारा 80C — आयकर अधिनियम की धारा 80C कर योग्य आय से प्रति वित्तीय वर्ष ₹1.5 लाख तक की कटौती की अनुमति देती है। PPF, ELSS, EPF, NPS, जीवन बीमा प्रीमियम, SSY आदि पात्र हैं।
Section 80C (Hinglish) — Section 80C Income Tax Act ka rule hai jisme aap taxable income se ₹1.5 lakh tak ki deduction le sakte ho. PPF, ELSS, EPF, NPS, life insurance, SSY eligible hain.
❓ Frequently Asked Questions
What is Section 80C in simple words?
Section 80C of the Income Tax Act allows deductions up to ₹1.5 lakh per financial year from taxable income. Eligible investments include PPF, ELSS, EPF, NPS (partial), life insurance premium, NSC, SSY, 5-year FD, home loan principal, and tuition fees.
Can you give an example of Section 80C?
If your taxable income is ₹10 lakh and you invest ₹1.5 lakh in PPF + ELSS, your taxable income reduces to ₹8.5 lakh under the Old Regime.
What is Section 80C meaning in Hindi?
In Hindi, Section 80C is called धारा 80C. आयकर अधिनियम की धारा 80C कर योग्य आय से प्रति वित्तीय वर्ष ₹1.5 लाख तक की कटौती की अनुमति देती है। PPF, ELSS, EPF, NPS, जीवन बीमा प्रीमियम, SSY आदि पात्र हैं।