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 ...

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 ...

The scheme offers 8.2 percent per annum, payable from the date of deposit to March 31/Sept 30/December 31 in the first instance and thereafter, interest is payable on April 1, July 1, October 1 and ...

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 ...

There's more to tax0-saving than just Section 80C. The other sections mentioned here too offer good tax deductions to taxpayers. Paying tax often pinches an investor's pocket but no tax planning ...

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.

One of the biggest ways of reducing one’s tax burden is by claiming the Rs 1.5 lakh deduction available under Section 80C of the Income Tax Act. Section 80C allows individuals to reduce their taxable ...

Modi 3.0 Budget 2024: Will Nirmala Sitharaman extend 80C Deduction benefits to new tax regime? (Image source: Reuters) Modi 3.0 Budget 2024: Finance Minister Nirmala Sitharaman will present the first ...

When it comes to income tax planning in India, Section 80C of the Income Tax Act is the most widely used tax-saving option.

ld wine in a new bottle! If that's your understanding of the new Section 80C then you need an update on your Tax Quotient. Section 80C has a lot more purpose and meaning from the long-term perspective ...