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Has Section 80C deduction limit hiked? Check how much tax you can save after Union Budget 2025
Finance Minister Nirmala Sitharaman has dashed the hopes of salaried employees who opt for the old tax regime. No hike has ...
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Explained: What is Section 80C in Income Tax Act and how can you save up to Rs 1.5 lakh yearly?
When it comes to income tax planning in India, Section 80C of the Income Tax Act is the most widely used tax-saving option.
ELSS allows up to Rs 1.5 lakh tax deduction under Section 80C of the Income Tax Act, with a three-year lock-in. Switching ...
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 ...
Overview: ELSS funds offer tax deductions up to Rs. 1.5 lakh under Section 80C.They have the shortest lock-in period of three ...
Section 80C of the Income Tax Act lets individuals and Hindu Undivided Families (HUFs) claim deductions of up to Rs 1.5 lakh a year for certain eligible investments. This helps reduce your taxable ...
Interest rates on recurring deposits are usually similar to those on savings accounts but may vary depending on the bank and ...
Payment of premium on life insurance policy and health insurance policy not only gives insurance cover to a taxpayer but also offers certain tax benefits. In last year's budget, the Tax Benefit on ...
The pension regulator has reduced mandatory annuity purchases, removed lock-in periods, allowed investment until age 85, ...
Equity-linked savings schemes (ELSS) are losing favor among investors as many switch to the new tax regime, which lacks Section 80C benefits. Consequently, Q1 FY26 saw net outflows of Rs 1,616 crore ...
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