Section mapper · Deductions you claim
Section 80C of the Income-tax Act, 1961 is now
section 123 of the Income-tax Act, 2025
The ₹1.5 lakh basket — EPF, PPF, ELSS, life insurance, tuition fees, home loan principal.
- Was
s.80C, Income-tax Act, 1961 (repealed)- Is now
s.123 read with Schedule XV, Income-tax Act, 2025- In force from
What changed
Renumbered, and the list moved. Section 123 sets the ₹1,50,000 cap; what qualifies is now a 26-item list in Schedule XV rather than a wall of text inside the section. Old-regime only.
Our CTC to in-hand calculator applies this provision, and cites the 2025-Act number beside the figure it produces.
Where this comes from
Read from incometaxindia.gov.in on , and re-checked against the enacted Income-tax Act, 2025 (Act No. 30 of 2025, assented 21 August 2025, in force 1 April 2026). This dataset is re-verified quarterly. The whole method is on our methodology page.
Sections people look up next
- s.80CCC → s.123 — Contribution to a pension annuity plan from an insurer
- s.80CCD(1) → s.123 — Your own NPS contribution — 10% of salary, inside the ₹1.5 lakh cap
- s.80CCD(1B) → s.124 — The extra ₹50,000 NPS deduction