Before claiming deductions under Section 80C, understand which tax regime suits you and how taxable income is calculated.

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, ...

ITR: When can taxpayers claim deductions under Sections 80C, 80CCC, 80CCD (1), 80CDD (1B), 80D, 80DD, 80DDB, 80E, 80EE, and ...

Section 80C of the Income-Tax Act i.e. Section 123 under the updated ITA 2025 provides taxpayers with deduction benefit up to ₹1.5 lakh for investment in certain government saving schemes during a ...

From April 1, 2026, India will shift to the Income Tax Act, 2025, replacing the six-decade-old Income Tax Act, 1961. While the new law does not significantly change tax rates or deduction limits, it ...

Finance Minister Nirmala Sitharaman introduced the latest Income Tax Bill in parliament today. This bill is set to be enforced starting from April 1, 2026, and has been assigned to a Select Committee ...

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 ...

Modi 3.0 Budget 2024: Will Nirmala Sitharaman extend 80C Deduction benefits to new tax regime? (Image source: Reuters) Modi 3.0 Budget 2024: Finance Minister Nirmala Sitharaman will present the first ...

Here's Finance Ministry's latest statement on Section 80C limit increase. Representational image/Pixabay Section 80C Deduction Limit: There is no proposal under consideration to increase the exemption ...

Tax exemption benefits: Section 80C of the Income Tax Act is quite a popular section among salaried persons when it comes to saving tax in a financial year. The section provides tax exemption of up to ...