Tax Saving: You can save income tax up to ₹ 1.5 lakh under section 80C, know the full details of the benefit

Income Tax Saving: Under the old income tax system, a taxpayer can claim tax deduction on investment up to a maximum of Rs 1.5 lakh under section 80C. The benefit of this section is for individual taxpayers and Hindu Undivided Families

Tax Saving: The financial year 2024-25 is about to end. If you have not yet done tax saving for this financial year, then you can do so till March 31, 2025. If you have adopted the old income tax system, then tax liability can be reduced by taking advantage of various types of tax deductions under the rules of the Income Tax Act. In the new income tax system, the taxpayer is getting the benefit of only a few tax deductions.

Read More