EPF + ELSS + Insurance + PPF + Home loan principal — the full ₹1.5L menu. Most people max out without knowing. Many leave room and underclaim. See exactly what you have.
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Section 80C of the Income Tax Act lets you reduce your taxable income by up to ₹1.5 lakh per year if you invest in eligible products. The benefit: you save tax at your marginal slab rate. The catch: most products have lock-ins.
The eligible menu: EPF (auto from salary), PPF, ELSS (mutual funds with 3-yr lock-in), 5-yr tax-saving FD, NSC (5-yr), Senior Citizens Savings Scheme, Sukanya Samriddhi, home loan principal repayment, life insurance premiums (within limits), kids' tuition fees (paid to recognized institutions).
For long horizons + high marginal slab: ELSS wins (3-yr lock-in shortest, equity returns highest historically). For safety: PPF (~7.1%, govt-backed). For breadwinners: term insurance premium (cheapest cover).
For most people the right answer is a mix. Talk to Archita for help allocating.