Section 80CCC of Income Tax Act
Under Section 80CCC of the Income Tax, an individual can avail for deductions up to Rs 1,50,000 per annum on the total annual income.Payment made towards pension plans, and mutual funds.It is a subsection of 80C.
It is applicable only an Old Regime.
Section 80CCC deduction limit is combined with sections 80C and 80CCD.
80C+80CCC+80CCD (1) = Rs. 1,50,000