2024 Standard Deduction For Married Couples Under 80c. Section 80c of the income tax act of india provides tax exemptions for various expenditures and investments. The current maximum deduction limit under section 80c stands at rs.

Currently, the benefit of section 80c is not available under the default (new) tax regime and it would be expected that this benefit be extended to even the default tax regime. Section 80c of the income tax act of india provides tax exemptions for various expenditures and investments.