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

Every financial year, typically in March, it used to be a ‘tick box’ for investments eligible under Sec. 80C of the Income Tax Act to be executed. Investments up to ₹1.5 lakh a financial year are ...

Section 80C provides taxpayers with deduction benefit up to ₹1.5 lakh for investment in certain government saving schemes ...

For those opting for the old regime, Section 80C remains one of the most widely used provisions for tax savings, allowing ...

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 ...

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 ...

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 which you may ...

Tax-saving investments: Many taxpayers opt for the section 80C benefit as their preferred tax-saving avenue. Section 80C of the Income Tax Act of India exempts various expenses and investments from ...

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 ...