Optimizing Section 80C Investments
- Diversify investments: Use the full ₹1.5 lakh limit with a mix of PPF, ELSS, NSC, life insurance premiums, and home loan principal repayment.
- ELSS funds: Consider Equity Linked Savings Schemes (ELSS) for higher returns with a 3-year lock-in.
- Children’s tuition fees: Tuition fees paid for up to two children are eligible for deduction.
⚠️ Disclaimer: This article is for educational purposes only and does not constitute professional tax advice. Tax laws change frequently, and your personal circumstances may vary. Please consult a qualified tax advisor.