section 80c

I want to invest for my child’s future and studies with tax-efficient options falling under EEE and ELSS categories

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I want to invest for my child’s future and studies with tax-efficient options falling under EEE and ELSS categories

To secure a bright future for your child, it is essential to make savvy investment decisions that not only enhance their savings but also mitigate tax obligations. Are you aware of any tax-efficient investment options falling under the EEE (Exempt-Exempt-Exempt) structure and equity-linked savings schemes that provide substantial tax advantages? Advice by Niyati Shah, Vertical … Read more

Income Tax in FY26: New tax slabs, raised rebate limits, removal of equalisation levy — new tax rules effective April 2025

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Income Tax in FY26: New tax slabs, raised rebate limits, removal of equalisation levy — new tax rules effective April 2025

Effective April 1, 2025, new income tax regulations have been introduced following the enactment of the Finance Act 2025. One of the significant changes is the increased income limit for individuals opting for the new Income Tax regime to avail rebates under Section 87A. The threshold has been raised from Rs 7 lakh to Rs … Read more

Tax saving for FY25: Tax-Saving FDs offered by banks vs PPF, SCSS for financial year-end planning

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Tax saving for FY25: Tax-Saving FDs offered by banks vs PPF, SCSS for financial year-end planning

As the financial year 2024-25 approaches its conclusion, many investors are evaluating tax-saving options to optimise their portfolios. Among the popular choices are fixed deposits (FDs), Public Provident Fund (PPF), and the Senior Citizens Savings Scheme (SCSS), all of which are eligible for deductions under Section 80C of the Income Tax Act, 1961. These instruments … Read more

Which one is better Mahila Samman Savings Certificate or Sukanya Samriddhi Yojana; check investment details, deadlines  

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Which one is better Mahila Samman Savings Certificate or Sukanya Samriddhi Yojana; check investment details, deadlines  

The Mahila Samman Savings Certificate (MSSC) and the Sukanya Samriddhi Yojana (SSY) are two financial schemes designed to cater primarily to the savings needs of women and girls. The MSSC is a short-term savings option aimed at providing a risk-free investment avenue with stable returns. On the other hand, the SSY, launched in 2015 under … Read more

Standard Chartered launches €1 billion Social Bond to support sustainable development in emerging markets, like India

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Standard Chartered launches €1 billion Social Bond to support sustainable development in emerging markets, like India

Standard Chartered has unveiled its inaugural social bond valued at €1 billion (US$1.086 billion), marking a strategic initiative to promote sustainable development in low-income countries within its emerging markets footprint. This bond issuance is primarily targeted at fostering growth in small and medium-sized enterprises (SMEs), while also enhancing access to essential services such as healthcare … Read more

March 31 tax deadline: ELSS or tax-saving funds can help you save Rs 1.5 lakh under Section 80C. Should you go for it?

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March 31 tax deadline: ELSS or tax-saving funds can help you save Rs 1.5 lakh under Section 80C. Should you go for it?

As the financial year draws to a close on March 31, taxpayers are focusing on maximising their savings through investments under Section 80C of the Income Tax Act. Among the various options available, Equity Linked Savings Schemes (ELSS) stand out as a favourable choice for both tax savings and potential long-term wealth creation. Under Section … Read more

Senior Citizen Savings Scheme taxation: How much tax will senior citizens pay after Budget 2025?

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Senior Citizen Savings Scheme taxation: How much tax will senior citizens pay after Budget 2025?

The Senior Citizens Savings Scheme (SCSS) is designed specifically for elderly individuals residing in India. This scheme provides a reliable source of income along with top-notch security and tax advantages. Eligible senior citizens residing in India have the option to invest a lump sum amount in the scheme either individually or jointly, in order to … Read more

CBDT tax calculator: If your annual salary is Rs 15 lakh, which tax regime should you opt for – new tax or old tax? 

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CBDT tax calculator: If your annual salary is Rs 15 lakh, which tax regime should you opt for – new tax or old tax? 

Tax calculator 2025: The Income Tax Department has introduced a user-friendly tool for taxpayers to compare taxes under the New Tax Regime for the financial years 2024-25 and 2025-26 (post budget proposal). This tool allows individuals to determine which tax regime is more advantageous based on their income and deductions. Access the official Income Tax … Read more

Budget 2025: Tax deductions, exemptions under New Tax Regime and Old Tax Regime for FY2025-26

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Budget 2025: Tax deductions, exemptions under New Tax Regime and Old Tax Regime for FY2025-26

Tax calculations: The Centre has once again aimed to enhance the appeal of the New Tax Regime by introducing lower tax rates and reducing deductions. This restructuring aims to simplify taxation, while the Old Regime continues to provide tax benefits through various exemptions and deductions. The proposed income tax slabs in the Union Budget 2025 … Read more

Budget 2025: How can FM Nirmala Sitharaman soothe middle-class taxpayers this time?

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Budget 2025: How can FM Nirmala Sitharaman soothe middle-class taxpayers this time?

Budget expectations: On February 1, 2025, Union Budget will be presented by Finance Minister Nirmala Sitharaman at the Lok Sabha. Income taxpayers are expecting significant tax breaks. The taxpayers may expect some big changes as PM Narendra Modi and President Draupadi Murmu hinted at some major shakeup.  Ahead of the Budget 2025, President Draupadi Murmu suggested … Read more