What is the maximum tax deduction allowed under Section 80C of the Income Tax Act for investments in ELSS mutual funds via SIP? Option: "₹1,50,000", "₹2,00,000", "₹1,00,000", "₹50,000"

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What is the maximum tax deduction allowed under Section 80C of the Income Tax Act for investments in ELSS mutual funds via SIP?

"₹1,50,000"

"₹2,00,000"

"₹1,00,000"

"₹50,000"

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What is the maximum amount that can be claimed as a tax deduction under Section 80C for ELSS investments?

Rs 1,00,000

Rs 1,50,000

Rs 1,25,000

Rs 2,00,000

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What is the maximum annual investment amount eligible for tax deductions under Section 80C for ELSS funds?

Rs. 50,000

Rs. 100,000

Rs. 200,000

Rs. 150,000

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What is the maximum annual deduction allowed under Section 80C of the Income Tax Act of India?

Rs. 1,50,000

Rs. 2,50,000

Rs. 1,00,000

Rs. 2,00,000

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What is the maximum amount of deduction allowed under Section 80C for the financial year?

"Rs. 1,00,000"

"Rs. 50,000"

"Rs. 1,50,000"

"Rs. 2,00,000"

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What is the key tax advantage of investing in an ELSS fund?

No capital gains tax on long-term investments

Tax-free dividends

Tax deduction up to a certain limit under section 80C

Tax exemption on all investment gains