80C Deduction
Section 80C of the Income Tax Act allows deductions up to Rs 1.5 lakh per year for investments in ELSS mutual funds, PPF, EPF, NPS, and other specified instruments.
Related Terms
Capital Gain
The profit realized when a security is sold for more than its purchase price. In India, classified a...
Corpus
The total accumulated amount of money in an investment portfolio or fund. In FIRE planning, the targ...
FIRE
Financial Independence, Retire Early. A movement focused on aggressive saving and investing to achie...
Gratuity
A lump-sum benefit paid by an employer to an employee upon retirement or resignation, based on years...
Holding Period
The duration for which an investor holds a security. Determines tax treatment: equity held over 12 m...
Inflation
The rate at which the general level of prices for goods and services rises, eroding purchasing power...