How to close your 80C gap
Section 80C allows you to reduce your taxable income by up to ₹1.5 Lakhs under the Old Tax Regime. If you are falling short of this limit, the best way to close the gap at the last minute is through ELSS Mutual Funds.
Why ELSS? ELSS (Equity Linked Savings Scheme) has the lowest lock-in period (3 years) among all 80C instruments (PPF is 15 years, FD is 5 years). Because ELSS invests in equity, it also historically provides the highest returns capable of beating inflation.