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 ...

Finding your way through the complexities of the Indian tax system can be a difficult task. However, the Income Tax Act provides some provisions to reduce tax liability, and one of the most popular ...

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 ...

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 ...

Section 80C lowers your tax liability by a maximum of ₹1.5 lakh through instruments like PPF, ELSS, and life insurance premiums. But once that limit is reached, most taxpayers overlook other ...

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 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.

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 ...