ZestyPickle
Do you expect 80C limit to increase?
FY24 budget is on Wednesday, 1st Feb. What are your thoughts?
Yes
No
436 votesexpired
33mo ago
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PerkyKoala
Stealth33mo
nope, middle class ke liye bs memes hi aayenge budget mein
SleepyNugget
Amazon33mo
A noob here about taxes. What’s 80C
ZestyPickle
HSBC33mo
Section 80C provides deductions on various investments up to ₹ 1.5 lakh per year from your taxable income. These investments can include ELSS (Tax Saving Mutual Funds), PPF, NPS, etc.
So in simple terms, if your salary is ₹ 10 lakhs and you invest ₹ 1.5 lakhs in above financial products, the tax will be deducted only on ₹ 8.5 lakhs.
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