Section 80C deals with certain investments and payment choices that might lower your tax liability by ₹1.5 lakhs.
What is section 80C?
Taxpayers and HUFs can save money on taxes by taking advantage of the many tax-saving alternatives offered under section 80C.
Who can invest?
Every financial year, the Section 80C deduction allows you to lower your tax liability by up to Rs. 1.5 lakh.
How much can you claim?
Individual taxpayers, not HUFs, can claim expenses for tuition fees u/s 80C, which is a comparatively lesser-known way to avoid tax under Section 80C.
Any expenses that can be claimed?