There are many effective ways to save tax under Section 80C which are beneficial for everyone. Through this section, you can reduce the tax burden on your income, you just need the right investment.

ELSS funds are popular for tax savings under Section 80C, offering a blend of equity exposure and long-term growth potential. Their 3-year lock-in period promotes discipline in investing, making them ...

As a salaried professional and a father of two, I am looking for a life insurance plan that not only reduces my annual tax liability but also ensures my family’s financial security. Which insurance ...

Section 80C lowers your tax liability by a maximum of ₹1.5 lakh through instruments like PPF, ELSS, and life insurance premiums. But once that limit is reached, most taxpayers overlook other ...

Small savings schemes like PPF, SSY, and NSC are relevant even for the taxpayers who have opted for the new tax regime. These ...

Section 80C of the Income Tax Act lets individuals and Hindu Undivided Families (HUFs) claim deductions of up to Rs 1.5 lakh a year for certain eligible investments. This helps reduce your taxable ...

With growing awareness about the long-term wealth creation potential of equities, Equity Linked Savings Schemes have gained popularity over the past few years. All the obvious advantages of ELSS Funds ...

Much has been said and written about the need to rationalise tax brackets further. Last year, the FinMin reduced the tax outgo for the 2.5 lakhs to 5 lakhs tax bracket from 10% to 5%, and threw in a ...

Did our AI summary help? Wondering whether switching an ELSS from dividend to growth after the three-year lock-in qualifies for a Section 80C tax benefit? Today’s Ask Wallet Wise explains how the ...