Homebuyer claimed Section 80C tax deduction for home loan repayment, tax dept doubted the bank’s ability to give home loan ...

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) ...

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 ...

Pradeep Kumar Any sum of money or property received under a Will or by way of inheritance is tax exempt in the hands of the ...

Under Section 80C of the Income Tax Act, 1961, taxpayers can claim deductions up to Rs 1.5 lakh in a financial year on ...

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 ...

There is a common question on everyone’s mind: How can I save tax on salary? And if you want an answer to the question, then there are many legitimate ways to save tax under the Income Tax Act, 1961.

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 ...

There's more to tax0-saving than just Section 80C. The other sections mentioned here too offer good tax deductions to taxpayers. Paying tax often pinches an investor's pocket but no tax planning ...

One of the biggest ways of reducing one’s tax burden is by claiming the Rs 1.5 lakh deduction available under Section 80C of the Income Tax Act. Section 80C allows individuals to reduce their taxable ...

The scheme offers 8.2 percent per annum, payable from the date of deposit to March 31/Sept 30/December 31 in the first instance and thereafter, interest is payable on April 1, July 1, October 1 and ...