Increase in 80C Section 80C of the Income Tax Act in India is significant because it provides tax benefits to individuals by allowing them to claim deductions on various investments and expenditures. This section is important for several reasons: Demands and Discussions: These discussions and demands reflect the evolving nature […]

Interim Budget 2024 : The Interim Budget 2024, a pivotal financial roadmap presented in the prelude to a general election, holds significant implications for the nation’s economic trajectory. Fiscal policies, a linchpin of governmental strategy, are anticipated to undergo scrutiny and potential reforms, potentially impacting taxation, public spending, and economic […]

Before getting started there are two ways of Income tax returns can be filed i.e., old tax regime and new tax regime. New Income Tax Regime, the new tax regime introduced in the Budget 2020 in India offers lower tax rates but without the benefit of most exemptions and deductions. […]

Union budget for the year 2023 is released by Nirmala Sitharaman would likely to be in favour of middle class and lower middle class. The most raised demand from employees to increase or restructure income tax slabs is considered in this budget. The highlights of the Union Budget 2023 presented […]

What is section 80c of income tax act ?? Section 80C deduction allows savings upto INR- 1,50,000 for tax payers. The demand for the rise in 80C limit is been observed since past two years as the inflation is raising and making the expenses of middle class increase day by […]

Post office saving scheme is one of the best option available to save your money. Recently there is a rise in the interest rates such that saving’s are further increased. The various options available in post office saving scheme interest rate are as below. Scheme Interest Rate Post Office Savings […]