Budget 2023 Section 80C limit increase expectation: Individual investors as well as finance and tax experts are expecting the Government to raise the deduction limit under Section 80C from Rs 1.5 lakh ...

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, ...

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 ...

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 ...

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 ...

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 ...