Section 80C
Section 80C of the Indian Income Tax Act allows salaried individuals to claim deductions up to Rs. 1.5 lakh per annum on specified investments and expenses such as EPF, PPF, life insurance premium, ELSS, NSC, and tuition fees. HR and payroll teams process Section 80C deductions based on proof of investment submitted by employees, adjusting TDS accordingly. It is one of the most widely used tax-saving sections in India.
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