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Starting early and identifying the most suitable section 80C instruments after meticulous research will ensure that your tax-planning is not an isolated activity, but is integrated into your larger goal-based financial planning strategy. Do not wait until March 31 to complete the process as technical glitches on investment portals could derail your plans at the last minute.
Budget News: n the recent Budget 2024 speech, the Finance Minister kept the Section 80C tax deduction limit unchanged.
The traditional tax system provides an extensive array of deductions and exemptions, appealing to individuals who can leverage them effectively. The decision between the old and new tax regimes hinges on various factors, such as your income level, investment strategies, and more.
Budget 2024 Income Tax Live: Income tax slabs 2024-2025 changes - Income tax relief is one of the top expectations every year from the Union Budget a
Equity-linked tax savings schemes, the only pure equity investment in the Section 80C basket of eligible tax saving instruments, got net inflows of just Rs 3773 crore last year, the third least flows among 11 equity fund categories. The 3-year lock-in was the impediment.