what is the maximum deduction allowed on savings under section 8C.
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The total investment amount under the section 80C, 80CCC and 80CCD (1) cannot exceeds Rs 1.5 lakh as per rules for FY17-18. An additional Rs 50,000 can be claimed as deduction if the investment is made in National Pension System (NPS) in which case the maximum deduction amount that will be available is Rs 2 lakh.
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