80C
Rs 5 lakh investment in post office TD: 1, 2, 3 and 5-year interest rates, maturity amounts compared
Post office time deposits provide a reliable income source, supported by government assurance for investors. When you invest Rs 5 lakh, the maturity amounts vary significantly depending on your chosen tenure. The government updates interest rates quarterly, resulting in maturity values ranging from Rs 5.35 lakh to Rs 7.24 lakh. It's important to note that only the 5-year time deposit qualifies for tax benefits.
Rs 30,000 monthly SIP across 10 funds. Why this investor’s mutual fund portfolio may need a reset
A 36-year-old investor's Rs 30,000 monthly SIP portfolio requires adjustments for financial goals. The expert highlights an inadequate retirement corpus projection, needing a revised calculation. Too many mutual funds create complexity and potential overlap for the current SIP amount. Goals approaching sooner need greater funding priority over longer-term objectives. A goal-wise approach is recommended, working backward from each financial target.
Best tax saving mutual funds or ELSS to invest in August 2026
Tax -saving mutual funds or Equity Linked Savings Schemes (ELSSs) helps you to save income tax under Section 80C of the IT Act. You can invest a maximum of Rs 1.5 lakh in ELSSs and claim tax deductions on your investments every financial year. Are you interested?
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 ten qualify to open these accounts. The investment period spans fifteen years, with the account lasting twenty-one years.
NPS for NRIs: Who can invest, tax benefits, eligibility, withdrawal rules explained
Non-Resident Indians have the opportunity to secure their retirement through investment in the National Pension System (NPS). This program provides considerable tax advantages as per the Indian Income Tax Act, allowing annual contributions to be deducted up to two lakh rupees. While withdrawals made after the age of sixty are primarily tax-free, it's important to note that annuity income is subject to taxation.
Have 30+ mutual funds in your portfolio? Expert explains what a 60-year-old investor should do
An expert guides a 60-year-old investor on managing a large mutual fund portfolio. The advice focuses on dividing investments into three baskets for liquidity and growth. This strategy aims to balance immediate needs with long-term wealth creation goals. The expert suggests increasing large-cap exposure and avoiding certain fund categories. Restructuring aims to simplify the portfolio and align it with retirement planning needs.
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New tax regime: Save up to Rs 65,500 in tax through your employer's NPS contribution; here's how to claim it
Section 80CCD(2) provides a tax deduction for employer contributions to NPS. This benefit remains available under the new tax regime for salaried individuals. Private sector employees switching to the new regime find this deduction particularly attractive. Employer contributions lower taxable income and build retirement savings simultaneously.
Higher take-home salary or bigger retirement corpus? How the proposed EPF change could affect your future
A government proposal may allow employees to voluntarily reduce their EPF contributions. This change could increase immediate take-home salaries for many workers. However, experts caution this might significantly reduce long-term retirement wealth accumulation. The proposal primarily affects employees contributing above the statutory wage ceiling. Employees should carefully consider investment alternatives for any reduced EPF amounts.
Techie, who once paid Rs 1 crore tax, breaks down on X after lay off: ‘Thank you…’
A tech professional recently took to X to lament the country’s pitiable social security system. He said that even though, once he paid Rs 1 crore in taxes, he was laid off.
ITR 2026: Common income tax return filing mistakes that cost employees lakhs
A careful, timely, and well-documented filing approach can help employees avoid notices, interest, penalties, and refund delays while ensuring that all eligible deductions and benefits are correctly claimed. The Income Tax Return (ITR) filing due date for salaried individuals is July 31, 2026 if they are not liable for tax audit.
The Rs 7.50 lakh myth: Why employer's NPS contribution must be included in salary for claiming deduction under Section 80CCD(2)
As the due date for filing ITRs for AY 2026-27 approaches, many salaried taxpayers are finding that the ITR utility does not allow deduction under Section 80CCD(2) unless the employer's NPS contribution is first included in salary. This article explains why the ITR utility is designed to work this way by examining the relevant provisions of the Income-Tax Act, 1961 and dispelling some common misconceptions.
Presumptive taxation: Rebate to losses & deductions, what is the practical impact of changes under Income Tax Act, 2025
Under the old Income Tax Act, 1961, the regime operated under three separate provisions. The new Income Tax Act, 2025 consolidates them into a single section. While this structural consolidation is welcome, it does introduce substantive changes that could raise taxable income and cause fresh compliance issues.
Sukanya Samriddhi Account interest rate: How you can create Rs 50 lakh corpus for your girl child
SSY interest rate: The Sukanya Samriddhi Account offers an 8.2% annual interest rate, compounded yearly. Parents can invest up to Rs 1.5 lakh annually for a girl child's future. Consistent investment builds a significant corpus over a 21-year maturity period. Deposits and earnings under this scheme are tax-exempt, providing significant financial benefits.
SCSS vs MIS: Which offers higher interest on a Rs 5 lakh investment?
Senior Citizens Savings Scheme offers a higher interest rate than the Post Office Monthly Income Scheme. An investment of five lakh rupees in SCSS yields approximately forty-one thousand rupees annually. The Post Office Monthly Income Scheme provides nearly thirty-seven thousand rupees in annual interest. SCSS offers tax benefits on principal investment under Section 80C of the Income Tax Act.
ITR filing 2026: Rs 15 lakh, Rs 20 lakh, and Rs 25 lakh salary; how much tax you could pay under new vs old tax regime?
Salaried employees face a crucial tax decision between old and new regimes. The new tax regime offers lower tax liability across various income levels. However, substantial deductions can make the old tax regime more beneficial. Taxpayers should calculate their actual tax under both systems. This ensures the most tax-efficient choice for their financial situation.
Best tax saving mutual funds or ELSS to invest in July 2026
Taxpayers often invest in ELSS funds for Section 80C deductions. These funds offer potential for higher returns over the long term. ELSS schemes have a three-year lock-in period, shorter than other options. Investors should consider ELSS for long-term equity exposure and potential growth. Several ELSS funds are recommended for investment consideration.
ITR filing 2026: Step-by-step guide to filing ITR-2 online on the income tax portal
Individuals and HUFs not eligible for ITR-1 can file ITR-2 online. This guide details the necessary documents and steps for submission. The e-filing portal requires filling specific schedules before final submission. Pre-filled data in Part A General needs verification and potential profile updates. E-verification must be completed within thirty days after submitting the return.
No more March tax-saving rush? How the new tax regime is changing investment choices
An investment must first stand up as an investment, and be a tax-saver only by accident. However, this problem has now solved itself. The new tax regime, now the default and chosen by close to three in four taxpayers, has done away with such deductions. Where there is no Section 80C to chase, there is no reason to go shopping for the bad product in March.
‘Your home loan is a trap’: CA explains how a Rs 50 lakh loan can cost you over Rs 1 crore
A chartered accountant warns that home loan borrowers often overlook the total repayment, which can double the initial amount. He highlights that early EMIs heavily favour interest, delaying equity building. Instead of investing, aggressive prepayment is advised for guaranteed, tax-free returns. A strategy of lower EMIs with substantial prepayments, or annual extra payments, can save lakhs and significantly shorten loan terms, ultimately offering financial freedom.
PPF interest rate for July-September 2026: Has government changed 7.1% rate? Here's what investors should know
PPF interest rate: The Finance Ministry has maintained the Public Provident Fund (PPF) interest rate at 7.10% for the July-September 2026 quarter, keeping it unchanged from the previous period.
Investing for your child's future through PPF? Here's what every parent should know before opening a PPF account
Parents can open a Public Provident Fund (PPF) account for their minor children to secure their future, benefiting from compounding over the 15-year maturity period. While the annual contribution limit is ₹1.5 lakh across all minor accounts and the parent's own PPF, it offers tax benefits under the old regime.
RBI floating rate bond : Has 8.05% interest rate changed? Here's what investors should know
The Reserve Bank of India has maintained the Floating Rate Savings Bond interest rate at 8.05% following the Finance Ministry's decision to keep the National Savings Certificate rate at 7.7%. This bond offers a 0.35% premium over the NSC, providing a competitive return compared to many small savings schemes and bank fixed deposits.
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 expenses that are specified under the Income-tax Act.
Tax-saving: 5 post office schemes with section 80C benefits
India Post offers a variety of simple-to-open, effective, and secure investing options. You can select the plan that best fits your investment objectives.
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 previous rebates. This limit was raised to Rs 1.5 lakh per financial year by Arun Jaitley in 2014 during his tenure as the finance minister. Since then, there has been no hike in the 80C limit. This year, it will be 9 years from the previous increase, in 2014.
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 others.
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