Finance minister Nirmala Sitharaman on February 13 tabled the new Income Tax Bill in the Lok Sabha and taxpayers, as expected, will have to brace for several changes. It will be sometime before it ...

Children Educational Allowance helps employees cover educational expenses for their children under the old tax regime. Here's ...

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, ...

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 ...

Ahead of Wednesday’s Union Budget presentation, Agra-based Punit Chahar has a special request. He wants the finance minister to increase the deduction limit under section 80C of the Income Tax (I-T) ...

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 ...

Section 80C of the Income-Tax Act (ITA) provisions for certain investments by taxpayers to be eligible for up to ₹1.5 lakh deduction when taxable income is calculated for a given financial or ...

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 ...

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 ...

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 ...