Investments made under 80C investments are given a tax deduction (tax break)
Investments made under 80C investments are given a tax deduction (tax break). Under this section, you can invest a maximum of Rs1.5 lakh.
However, if you make investments more than the said limit of Rs1.5 lakh, then you do not get any tax deduction on the amount over and above the limit. Nor can you claim a refund. Tax refund is applicable only if you have paid excess tax to the Income Tax department for the financial year.
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