Science says microwaves don’t really cook food from the inside out, here’s what happens inside the ovenMicrowaves bounce off the metal walls inside the oven, and when the reflected waves interact with incoming waves, they can create areas of ...
Rs 5 lakh investment in post office TD: 1, 2, 3 and 5-year interest rates, maturity amounts comparedPost office time deposits provide a reliable income source, supported by government assurance for investors. When you invest Rs 5 lakh, the...
Rs 30,000 monthly SIP across 10 funds. Why this investor’s mutual fund portfolio may need a resetA 36-year-old investor's Rs 30,000 monthly SIP portfolio requires adjustments for financial goals. The expert highlights an inadequate reti...
Best tax saving mutual funds or ELSS to invest in August 2026Tax -saving mutual funds or Equity Linked Savings Schemes (ELSSs) helps you to save income tax under Section 80C of the IT Act. You can inv...
Can NRIs open Sukanya Samriddhi Yojana account offering 8.2% interest rate?Sukanya Samriddhi Yojana provides a favorable tax regime for parents budgeting for their daughters. Only resident Indian girls aged below t...
NPS for NRIs: Who can invest, tax benefits, eligibility, withdrawal rules explainedNon-Resident Indians have the opportunity to secure their retirement through investment in the National Pension System (NPS). This program ...
Have 30+ mutual funds in your portfolio? Expert explains what a 60-year-old investor should doAn expert guides a 60-year-old investor on managing a large mutual fund portfolio. The advice focuses on dividing investments into three ba...
Switching banks for your home loan? Here's what happens to your tax savings
Tax-saving guide: 3 expenses eligible for section 80C tax deductionTax-saving guide: Every financial year, you can lower your taxable income by up to Rs. 1.5 lakh by taking advantage of the Section 80C dedu...
How section 80C of the Income-tax Act can help you save taxTax-saving guide: In order to claim the section 80C deduction, a taxpayer must invest the specified amount in eligible investment instrumen...
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.
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 ex...
Tax-saving: 5 post office schemes with section 80C benefitsIndia Post offers a variety of simple-to-open, effective, and secure investing options. You can select the plan that best fits your investm...
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...
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 o...
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.
- 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.