What is Section 80C Of The Income Tax Act? Section 80C of the Income Tax Act, 1961 allows eligible taxpayers to claim a tax deduction of up to ???1.5 lakh per financial year on specified investments and expenses under the old regime in the Income Tax Act.?? Section 80C is most commonly preferred to reduce […]

Claim Home Loan Interest Deduction Under Section 24(b) A home loan can help you save tax on the interest you pay every financial year. Under Section 24(b) of the Income Tax Act, eligible homeowners can claim a deduction on home loan interest while filing their ITR under the Old Tax Regime. How Much Deduction Can […]

Choose the Old Tax Regime if Your Total Deductions are Substantial For Tax Savings The Old Tax Regime helps you claim several tax deductions that help you reduce your taxable income. If you have a home loan, tax-saving investment, health insurance, or NPS contributions, the Old Tax Regime may help you pay less tax than […]