80C
Have over Rs 1.50 crore in mutual funds? Expert explains how to plan a Rs 16,000 monthly SWP in retirement
As retirement approaches, investors must prioritize sustainable income from their portfolios. Take, for example, a 59-year-old managing Rs 1.51 crore, seeking Rs 16,000 monthly via a systematic withdrawal plan. Experts suggest portfolio reallocation and asset diversification among fund houses. By structuring investments into three distinct categories based on cash flow, investors can better navigate withdrawals, reducing the risk associated with liquidating assets during market dips while ensuring dependable income.
Best tax saving mutual funds or ELSS to invest in October 2026
Tax saving mutual funds or ELSSs invest in stocks. Therefore, they have a very high risk. You should be aware of this aspect, especially if you are a first-time investor in equity mutual funds. Compared to your usual investments like Public Provident Fund or National Savings Certificate, etc, ELSSs do not offer guaranteed returns. You may even suffer losses in a bad market.
Embraer C-390 Millennium explained: Key specifications and capabilities of the Brazilian military transport aircraft
Embraer-Mahindra C-390 Millennium: The military transport aircraft is being considered for India’s Medium Transport Aircraft programme, with Nagpur proposed as the site for a potential final assembly line. The aircraft can carry up to 26 tonnes of cargo and support troop transport, airborne operations, medical evacuation, aerial refuelling, search and rescue, firefighting and other missions.
Best tax saving mutual funds or ELSS to invest in September 2026
Tax saving mutual funds or ELSSs invest in stocks. Therefore, they have a very high risk. You should be aware of this aspect, especially if you are a first-time investor in equity mutual funds.
AI data centers are less thirsty now, tech giants say
Data centers are running into a wall of public anger in the United States over their thirst for water and power. "There are incentives," Ren said, but they have more to do with public relations amid the growing backlash to data centers across the United States.
Despite no investment you can still get Section 80C income tax deduction if you invested in NSC
Save income tax: National Savings Certificate is a fixed-income investment scheme that's backed by the Government of India. But did you know that you can claim the interest component of NSC investment as Section 80C tax deduction under the old tax regime even if the NSC was invested in the past years. Read below to know more about Section 80 Income Tax Deduction.
- Go To Page 1
Looking for last-minute tax-saving avenues before March 31st? Here’s how Section 80C can come to your rescue
With just over 10 days left to save on taxes, individuals can invest in instruments under Section 80C to reduce their taxable income by up to Rs 1.5 lakh. Options include provident funds, ELSS, NSC, tax-saver FDs, SCSS, and certain insurance premiums.
These Sec 80C options can be good investments even without tax breaks in new tax regime
Though these deductions find no place in the new tax regime, here’s why some investments still deserve a place in your portfolio.
Has Section 80C tax deduction limit been hiked in Budget 2024?
Section 80C Tax Deducation limit in Budget 2024: The deduction under Section 80C of the Income-tax Act is available under the old tax regime only. Budget 2024 has made no change in the maximum deduction available under the Section 80C limit. Read on to know the maximum amount that can be claimed under Section 80C.
5 post office savings schemes that do not offer tax saving benefit under section 80C
List of post office schemes that does not offer tax benefits under section 80C of Income-tax Act, 1961.Let us now take a look at each of these schemes in detail and how investments and interest earned are taxed.
How section 80C of the Income-tax Act can help you save tax
Tax-saving guide: In order to claim the section 80C deduction, a taxpayer must invest the specified amount in eligible investment instruments or spend it on designated expenses within the same financial year.
What is Section 80C tax deduction limit after Budget 2024?
Section 80C limit in interim Budget 2024: Various investments and expenditures specified under Section 80C allow individuals to claim a maximum deduction of Rs 1.5 lakh from gross taxable income in a financial year. It is important to note that the new tax regime does not allow deduction under Section 80C of the Income-tax Act.
Income tax deductions available under section 80C in India
In Union Budget 2023, Finance Minister Nirmala Sitharaman did not make any changes to Section 80C. Therefore, if you have opted for the old tax regimen, you can still benefit from deductions amounting to Rs.1.5 lakh under section 80C
Will there be relief in Budget under Section 80C?
It allows taxpayers to reduce their taxable income by making investments and some expenses and thus save on taxes they pay.
On which post office schemes is TDS applicable, where tax is not deducted
It's crucial to remember that TDS is only deducted from some transactions when the payment's value exceeds the predetermined threshold.
How to claim tax benefit on tuition fees under Section 80C
When you pay your kids' tuition fees, it qualifies for income deduction and also helps in reducing your tax liability. Here is how you can claim this tax benefit under section 80C of the Income-tax Act, 1961. This tax benefit can be claimed provided you are opting for old tax regime in current financial year 2022-23.
Did Budget 2023 hike section 80C limit?
To be eligible to claim deduction under section 80C, there are two ways. A taxpayer can either invest in the investment products or make expenses that are specified under the Income-tax Act.
Tax-saving: 5 post office schemes with section 80C benefits
India Post offers a variety of simple-to-open, effective, and secure investing options. You can select the plan that best fits your investment objectives.
Inflation up by 46% since 2014, section 80C limit hiked by 0%: How much should Budget 2023 increase it?
Section 80C in the current form took shape during the budget of 2005. But the initial limit was only Rs 1 lakh and it clubbed together many previous rebates. This limit was raised to Rs 1.5 lakh per financial year by Arun Jaitley in 2014 during his tenure as the finance minister. Since then, there has been no hike in the 80C limit. This year, it will be 9 years from the previous increase, in 2014.
4 expenses that can help you save tax under section 80C
If you do not have money to invest in specified schemes in section 80C such as PPF, ELSS etc., then there are certain expenses that can help you save tax in the current financial year. Do note that deduction on these expenses can be claimed only if an individual opts for the old tax regime.
Was section 80C limit increased in Union Budget 2022?
There has been long-standing demand to hike the deduction limit under section 80C as the limit was last hiked in financial year 2014-15, i.e., seven years ago. The last time section 80C was hiked to Rs 1.5 lakh from Rs 1 lakh - a hike of Rs 50,000.
Will Section 80C limit go up in the budget?
Popular investment options under Section 80C are Public Provident Fund, National Savings Certificate, Equity Linked Savings Schemes among others.
Why Budget 2022 may hike tax saving deduction limit under section 80C
The tax saving deduction limit under section 80C of the Income-tax Act, 1961 has last hiked in FY 2014-15 i.e. 7 years ago. Though salaries and expenses have gone up, the tax benefit has not been increased.
Budget 2020 should increase tax break under section 80C
Section 80C is at the core of tax-savings for all categories of individuals. Whether the individual is a government employee, privately employed or for that matter working in an NGO, use the section 80C basket to save on tax.
Can you claim deduction under section 80C for PPF contribution made into your major son's account?
According to current income tax laws, investment under section 80C allows a deduction up to Rs 1.5 lakh in a financial year.
How much more you need to save under Section 80 C
Here are the Section 80C investments of four typical taxpayers. Only one of them actually needs to invest more to save tax.
Primer: Tax saving with 80C
To encourage savings, the government gives tax breaks on certain financial products under Section 80C of the Income Tax Act.
Load More
