Total 80C Invested

₹1.20 L

Max Deduction (80C)

₹1.50 L

Remaining Limit

₹30,000

Can still invest

Tax Saved (20% slab)

₹24,000

At 20% income tax rate

Tax Saved (30% slab)

₹36,000

At 30% income tax rate
Tax Saved at Different Slabs

5% Slab

5% of ₹1,20,000

₹6,000

20% Slab

20% of ₹1,20,000

₹24,000

30% Slab

30% of ₹1,20,000

₹36,000
Investment Allocation
Recommended Allocation

PPF

Public Provident Fund

₹50,000

41.7%

ELSS

Equity Linked Saving Scheme

₹50,000

41.7%

Life Insurance

Premium paid

₹20,000

16.7%

Section 80C allows deduction up to ₹1,50,000 from taxable income through investments in PPF, ELSS, EPF, life insurance, home loan principal, etc. Additional ₹50,000 deduction is available under Section 80CCD(1B) for NPS contributions.