Section 80C
The deduction under section 80C is allowed from your Gross Total Income. These are available to an Individual or a HUF. The deduction is allowed for various investments, expenses and payments.
Total Deduction under section 80C, 80CCC and 80CCD(1b) together cannot exceed Rs 1,50,000 for the financial year 2015-16 (assessment year 2016-17).
