Under Section 80C of the Income Tax Act, an individual can claim tax deductions up to ?1.5 lakh per financial year through investments in tax saving mutual funds. There is no upper limit on how much you can invest, but tax benefits are capped at ?1.5 lakh. Investing beyond this limit can still yield market-linked returns, but won’t provide additional tax savings. Tax saving mutual funds are a smart option for those looking to maximize their Section 80C benefits while growing their wealth.