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How Section 80C helps you save tax

April 17, 2009

Now that you know where you can invest to obtain Section 80C benefits, you can research about each type of investment option and make your choice based on ease of liquidity, tenure, returns and tax benefits.

However, if you are planning to put all your eggs in one basket, here is abit of bad news -- Section 80C has a limit of Rs 100,000.

That is, if you have made investments of Rs 150,000 in any of the investment instruments mentioned above, only Rs 1 00,000 out of it would be eligible for deduction under Section 80C.

Also, if you are a salaried individual, the PF contributions from your company are also included in this limit. Therefore, it does not make sense to invest more than Rs 100,000 under these categories.

Also read: Nooyi on her toughest decision & Pepsi family

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