With the introduction of the new tax regime, several deductions/exemptions under the Income Tax Act, 1961 have lost much of ...

As the Union Budget 2025 nears, taxpayers are eagerly awaiting possible changes in the income tax regime. The main focus is the long-standing demand for raising the deduction limit under Section 80C ...

Tax season can often feel like a challenge, especially when your goal is to maximise your hard-earned savings. Thankfully, the Income Tax Act is packed with provisions that can substantially lighten ...

Investments made under certain eligible categories allow individuals and Hindu Undivided Families (HUFs) to claim deductions under Section 80C of the Income Tax Act. While many tax-saving instruments ...

Home loan tax benefits explained! Learn how Sections 80C & 24(b) help Indian homeowners save up to Rs 3.5 lakh under the old ...

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 ...

Please note that the benefit of section 80C is available only under the old tax regime. You can adopt no strategy to save or reduce this tax. Yes, you can set off any short-term loss you may incur ...

Old tax regime: The financial year 2024-25 is nearing its end, and taxpayers under the old tax regime have only a few weeks left to make eligible investments to claim deductions. To avail of these tax ...

Section 80C deduction on premiums, tax-free 10(10D) death benefit, rider deductions. High coverage, low premiums for family ...

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 ...

After skimming through the new Income Tax Bill tabled in Parliament last week, many folks seem to be put out that it didn’t contain any ‘reforms’ on taxation. True, as the new Bill has focused mainly ...