One of the most well-known and favoured tax deductions available to taxpayers is section 80C, which enables them to claim up to ₹1.5 lakh per year from their total taxable income by making investments that reduce their tax liability. Popular instruments include fixed deposits, Unit Linked Insurance Plans (ULIP), the National Pension Scheme (NPS), small savings schemes, and many others that can be invested under Section 80C. However, in addition to these schemes, Equity Linked Savings Scheme (ELSS) and Public Provident Fund (PPF) are the two most sought-after tax-related instruments. The rationale for this is that PPF is the only debt instrument with an exempt-exempt-exempt (EEE) status, whereas ELSS has the shortest lock-in period when compared to all other investment strategies that offer tax exemption under section 80C. Let’s take a quick look at which instrument you should choose as a taxpayer.