The Finance Minister, in the Budget 2024 speech, announced that the tax deduction limit under Section 80C will remain unchanged. For the current fiscal year 2023-24 and the upcoming fiscal year ...

ELSS does not offer tax deductions under the New Tax Regime. However, it still has the potential to deliver strong returns ...

Budget 2024: One common ask every year is that the limit for deductions under Section 80C should be hiked from Rs 1.5 lakh. This limit was last revised in the 2014-2015 Budget from Rs 1 lakh. Section ...

As the Union Budget 2025 nears, taxpayers are eagerly awaiting possible changes in the income tax regime. The main focus is the long-standing demand for raising the deduction limit under Section 80C ...

Ahead of Wednesday’s Union Budget presentation, Agra-based Punit Chahar has a special request. He wants the finance minister to increase the deduction limit under section 80C of the Income Tax (I-T) ...

Legitimately reducing tax liability is every taxpayer’s dream. Planning investments in tax saving schemes can be particularly useful in reducing taxable income. One of the ways to enjoy tax benefits ...

There is a common question on everyone’s mind: How can I save tax on salary? And if you want an answer to the question, then there are many legitimate ways to save tax under the Income Tax Act, 1961.

Under Section 80C, a taxpayer can lower their overall taxable income by a maximum of Rs 1.5 lakh per year. As there is a limit of Rs 1.5 lakh per year, most taxpayers wish to reduce their taxes. here ...

Understanding the nuances of tax deductions can be a daunting task for many. But many taxpayers in India make a popular choice—the tax deduction they avail is the 80C deduction. This section of the ...