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 ...

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 ...

Post office small savings schemes are popular for conservative investors, offering safety, assured returns, and competitive ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Section 80C of the Income Tax Act, ...

From April 1, 2026, India will shift to the Income Tax Act, 2025, replacing the six-decade-old Income Tax Act, 1961. While the new law does not significantly change tax rates or deduction limits, it ...

Section 80C of the Income-Tax Act i.e. Section 123 under the updated ITA 2025 provides taxpayers with deduction benefit up to ₹1.5 lakh for investment in certain government saving schemes during a ...

As taxpayers nationwide prepare to file their Income Tax Returns by July 31, many seek tax-saving strategies. The government ...

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 ...

Tax exemption benefits: Section 80C of the Income Tax Act is quite a popular section among salaried persons when it comes to saving tax in a financial year. The section provides tax exemption of up to ...

Section 80C of the Income Tax Act should be divided into six major segments with separate investment/deduction limits for each segment, says Manoj Sharma, Co-Founder and Director of Policybazaar.