Most ask that how much tax can be saved on 80C. There are quite a few schemesunder Section 80C like ELSS NPS PPF and the like.Here you will know what is section 80c of income tax act and all otherinformation about 80 c. The maximum tax benefit is Rs 1.5 lacs under Section80C. Among these schemes the highest returns can be expected from ELSS whichis around 15 to 17. The other schemes have a return of around 7.5 and 8.5.There is also a lock in period of 3 years and no withdrawals may be made then.If one is between the ages of 20 to 35 and has an income of more than Rs 3lakhs the ELSS mutual fund is the best tax saving scheme that one can optfor. This is because with the young age one can take some amount of risk andthat will result in better returns. One can also opt for a proportionateinvestment 50 in ELSS and the balance in safe investment options like a5year bank Fixed Deposit or even invest in National Savings Certificate orPPF.