The amount saved with section80c

The limit

The limit under this section is Rs 100,000.

This is irrespective of how much you are earn and under which tax bracket you fall.

Also, there are no sub-limits under this overall Rs 100,000 amount.

So if you choose, you can invest the entire amount in ELSS or infrastructure bonds. The choice is entire up to you as to how you want to reach this limit.

Or, if you are repaying a home loan and the principal repayment amounts to Rs 100,000, then you can claim the entire amount as a deduction.

Earlier, the principal repayment of home loan was restricted to only Rs 20,000, irrespective of how much you actually paid. Not so any longer.