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 ...

Budget 2023: What is Section 80C of the Income Tax act? Section 80C is a popular tax saving option in the Income Tax Act. It allows individuals to reduce taxable income by making tax saving ...

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 ...

Ahead of the announcement of Union budget 2023, scheduled for 11 am on Wednesday, salaried professionals are, as always, looking forward to income tax-related announcements in finance minister Nirmala ...

Many people max out their Section 80C limit — but a major doubt keeps coming up every tax season. If you invest in PPF or ...

Since its last review in 2014, Section 80C of the Income Tax Act requires necessary modifications to enhance its effectiveness in tax savings. (Image: Freepik) Union Budget 2025: Significantly ...

The salaried class wanted Sitharaman to revise the Income Tax slabs that have been left unchanged for years. Besides higher basic exemption limits, people also expected a hike in the exemption limits ...

Budget 2023 Section 80C limit increase expectation: Individual investors as well as finance and tax experts are expecting the Government to raise the deduction limit under Section 80C from Rs 1.5 lakh ...

Every financial year, typically in March, it used to be a ‘tick box’ for investments eligible under Sec. 80C of the Income Tax Act to be executed. Investments up to ₹1.5 lakh a financial year are ...