§ 80C
Deductions
Deduction for investments & payments
Income-tax Act, 1961
Allows a deduction up to ₹1,50,000 a year for specified investments and payments — LIC premium, PPF, ELSS, EPF, principal on home loan, children's tuition fees, etc. (old regime).
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.