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 ...

ITR filing: When comes to choosing appropriate tax regime for tax calculation, Old Tax Regime is still preferred by many. Old Tax Regime offers various deductions that can help taxpayers save more ...

As employees plan taxes under the old regime, clarity on Children Education Allowance and tuition fee deductions under ...

Budget 2024: With the government preparing to present the Budget for the 2024-25 fiscal year today, investors are eagerly anticipating potential changes. Many are hoping for an increase in the Section ...

Since its last review in 2014, Section 80C of the Income Tax Act requires necessary modifications to enhance its effectiveness in tax savings. (Image: Freepik) Union Budget 2025: Significantly ...

Budget 2024: If Finance Minister Sitharaman raised the Section 80C limit, investors in Equity Linked Savings Scheme (ELSS) mutual funds would benefit, as it would offer them enhanced opportunities for ...

Budget expectations: When it comes to yearly tax savings, Section 80C is one of the widely used tools for salaried individuals and Hindu Undivided Families (HUFs). Under Section 80C of the Income Tax ...

Vikas Vasal, partner at KPMG, says the finance minister should make "meaningful" changes to the income tax structure. The tax exemption limit should be raised from Rs 2 lakh to Rs 3 lakh or Section ...

Aside from a revision of income-tax slab rates, one of the big asks by the individual taxpayer is a hike in the Section 80C tax deduction benefits. Section 80C tax deduction benefits entail that your ...