ELSS Tax Saving Funds featured image: green plant growing from gold coin stacks with a rising chart, title text ELSS Tax Saving Funds, Rs 1.5 Lakh Deduction, 3-Year Lock-in

ELSS Tax Saving Funds (2026): How ELSS Works, ₹1.5 Lakh 80C Deduction, 3-Year Lock-in & Returns

ELSS (Equity Linked Savings Scheme) invests at least 80% in shares, gives up to ₹1.5 lakh deduction under Section 123 (old 80C) in the old regime, and locks each instalment for 3 years. This guide covers SIP vs lump sum, ELSS vs PPF vs NPS, and tax on returns.

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80C new section number - Section 123 under Income Tax Act 2025

80C New Section Number: Ultimate Guide to Section 123

Quick answer: the 80C new section number is Section 123. Section 80C of the old Income Tax Act, 1961 is now Section 123 of the new Income Tax Act, 2025. Nothing about the deduction itself has changed — the ₹1.5 lakh limit is the same, the eligible investments are the same, the rules are the …

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