Browsing Tag
80C
ITR Filing Update: Here’s How To Claim Deductions Under Section 80C – News18
Section 80C of the Income Tax Act permits you to lessen your taxable income and hence your tax burden.The deadline for reporting your ITR for the fiscal year 2022-23 or assessment year 2023-24 is July 31, 2023.Every year at this time,…
5 Post Office Saving Schemes That Offer Tax Benefits Under Section 80C
Let us take a look at five post office saving schemes and you can select the one that suits your investment objectives in the best way.The biggest plus point of the post office saving schemes is that they are government-backed and thus,…
Which Is Better, Tax Saving Deposits Or Higher Interest Fixed Deposits?
Last Updated: February 24, 2023, 11:22 ISTHere are certain features of the tax saving deposits.In addition to FDs, Sukanya, PPF, and ELSS can be used to fund mutual funds if an investor needs to engage solely to reduce his or her tax…
Budget 2023: What Are Section 80C, 80D of Income Tax Act?
Section 80C, 80D of Income Tax ActBudget 2023: Income-Tax Act, 1961 provides numerous deductions for individuals. However, the current limits of these deductions are quite low compared to the increased cost of living over the yearsBudget…
Taxpayers want tax deduction limit doubled under 80C in upcoming budget, says new survey
Majority of retail investors want the finance minister to update the tax deduction limit according to a fresh survey by financial planning startup Kuvera.The poll found that more than two out of three responders wished for a raise to the…
Budget 2023 Expectations: Income Tax Relief For Salaried Individuals, Section 80C Limit Tweak Likely
Edited By: Mohammad HarisLast Updated: December 19, 2022, 17:43 ISTIncome tax is currently exempt on a total income of up to Rs 2.50 lakh a year.Industry body Assocham has also urged the government to raise the income tax exemption limit to…
Budget 2022 expectations: Clarity on crypto taxation, hike in 80C limit, duty rationalisation on EVs
Image Source : FREPIK Budget 2022 expectations: Clarity on crypto taxation, hike in 80C limit, duty rationalisation on EVs…
Budget 2022: LIC Premiums to Become Cheaper? More Deduction on Life Insurance Beyond 80C?
Salaried middle class taxpayers are expecting a ‘populist’ Budget from finance minister Nirmala Sitharaman in 2022. Amid the outbreak of Covid-19 Omicron third wave, the taxpayers want more relief from Union Budget 2022. From a higher limit…
Budget 2022: Insurers want investment limit of 80C hiked
Insurance companies are seeking a separate deduction limit of Rs 1 lakh for insurance premium payment under Section 80C of the Income Tax Act in the upcoming Union Budget to bring in more people under the ambit of insurance.
The insurers…