Aside from a revision of income-tax slab rates, one of the big asks by the individual taxpayer is a hike in the Section 80C tax deduction benefits. Section 80C tax deduction benefits entail that your ...

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 ...

ELSS funds are popular for tax savings under Section 80C, offering a blend of equity exposure and long-term growth potential. Their 3-year lock-in period promotes discipline in investing, making them ...

Finance Minister Nirmala Sitharaman introduced the latest Income Tax Bill in parliament today. This bill is set to be enforced starting from April 1, 2026, and has been assigned to a Select Committee ...

All of us avail tax benefits under Section 80C of the Income Tax Act, but only a few are aware that these benefits come with certain strings attached. Let us discuss those strings. Tax benefit for ...

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 ...