The 80C deduction, in outline
A deduction under the old regime covering a set of specified investments and expenses up to an annual cap. It shapes where a lot of Indian household saving goes, for better and for worse.
What it means
A deduction under the old regime covering a set of specified investments and expenses up to an annual cap.
Why it matters to a household
It shapes where a lot of Indian household saving goes, for better and for worse.
Where it trips people up
Buying poor products for the deduction. An endowment policy taken for tax relief is usually a decades-long mistake for a one-year benefit.
In an Indian household
Several things you already pay — provident fund, home loan principal, school tuition fees — often fill the limit before any new investment is needed. Verify the current cap and eligible items.
Where FamTally comes in
FamTally is a free AI-driven money manager built for Indian families. It holds your loans, income, expenses, assets, insurance and goals in one place, forecasts five years ahead, and lets you ask an assistant questions about your own numbers rather than looking up general advice. Everything on this page is the kind of thing it works out for you automatically.
Stop doing this in a spreadsheet
FamTally keeps your loans, income, expenses, assets, insurance and goals in one place, forecasts five years ahead, and answers questions about your own numbers. Free, and built for Indian families.
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The 80C deduction, in outline
A deduction under the old regime covering a set of specified investments and expenses up to an annual cap.
Why does it matter?
It shapes where a lot of Indian household saving goes, for better and for worse.
What do people usually get wrong?
Buying poor products for the deduction. An endowment policy taken for tax relief is usually a decades-long mistake for a one-year benefit.
Is there anything India-specific?
Several things you already pay — provident fund, home loan principal, school tuition fees — often fill the limit before any new investment is needed. Verify the current cap and eligible items.