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What is the maximum limit for tax savings under 80C?

Curious about tax savings

What is the maximum limit for tax savings under 80C?

Under Section 80C of the Income Tax Act, taxpayers can claim a deduction of up to Rs. 1.5 lakh for investments made in specified taxsaving instruments. This deduction is available for individuals and HUFs (Hindu Undivided Families). The deduction limit of Rs. 1.5 lakh is the maximum limit for tax savings under Section 80C. It includes investments in instruments like Employee Provident Fund (EPF), Public Provident Fund (PPF), National Savings Certificate (NSC), Taxsaving fixed deposits (FDs), Equity Linked Saving Scheme (ELSS), etc.

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