In India, section 80C allows 1.5 lakhs from gross total income for investments, insurance and specified expenses.  This 1.5 Lakhs is non taxable to encourage saving and investment among Indian citizens.  The eligible investments include life insurance, Equity Linked Savings Schemes (ELSS) mutual funds, Public Provident Fund (PPF), National Savings Certificate (NSC), etc., while expenses … Continue reading 1.5 Lakhs(80C) tax saving you can invest in Mutual funds(ELSS). Double Bonanza Tax Planning