2024 Standard Tax Deduction Married Jointly Under 80c. Section 80c of the income tax act provides taxpayers with an avenue to reduce their taxable income by investing in specified financial instruments or expenses. Various investments and expenditures specified under section 80c allow individuals to claim a maximum deduction of rs 1.5 lakh from gross taxable income in a.

Income tax deduction and limits under section 80c, 80ccd in 2024. Under section 80c of the income tax act, salaried individuals and hindu undivided families (hufs) are entitled to income tax benefits of up to rs 1.5 lakh by.