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A section of the Income Tax Act allowing deductions up to ₹1.5L/year for specified investments and expenses — only available under the old tax regime.
A shopping list of approved ways (PPF, ELSS, life insurance premium, etc.) to shrink your taxable income by up to ₹1.5L.
In the 30% tax bracket, fully using 80C can save up to ₹46,800 in tax each year — but only if you've chosen the old regime.