Answer

1. F

   Facts

   80C covers payments such as EPF and VPF, PPF, ELSS mutual funds, life insurance premium, tuition fees for up to two children, home loan principal, five-year tax-saving FDs, NSC and Sukanya Samriddhi. The combined limit with 80CCC and 80CCD(1) is ₹1,50,000.

2. P

   Provisions and law

   • Sec 80C, Income-tax Act 1961 (now Sec 123)Deduction up to ₹1,50,000 for specified payments such as EPF, PPF, ELSS, life insurance, tuition fees and home loan principal, together with 80CCC and 80CCD(1).
3. A

   Analysis

   Your EPF deduction alone may be ₹72,000 a year, so you need only ₹78,000 more to reach the limit. Investing beyond ₹1,50,000 gives no extra deduction. Count only payments made between 1 April 2025 and 31 March 2026 for AY 2026-27.

4. C

   Conclusion

   1. 1Add EPF from salary slips.
   2. 2Add other qualifying payments in the year.
   3. 3Stop at ₹1,50,000.
   4. 4Keep receipts and statements.

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