Section 80C: Your complete guide for investing in tax-saving schemes

Financial year 2019 is drawing to a close and taxpayers need to start exploring tax-saving investment options allowed under Sec 80C of the Income-Tax Act. However, with various payments and mandatory outflows also qualifying under Section 80C, the first step towards making investments under this Section is to figure out the required investment amount.

Required investments for optimal Section 80C deduction

Taxpayers can claim up to Rs 1.50 lakh as deductions under Section 80C. Apart from  various investment options eligible for availing Section 80C deduction, certain pay-outs and mandatory expenses are also covered under the same deduction. These include your child’s tuition