Will switching from dividend to growth option in a mutual fund count as redemption for tax? Will the ELSS scheme still qualify for Section 80C benefits?

ELSS allows up to Rs 1.5 lakh tax deduction under Section 80C of the Income Tax Act, with a three-year lock-in. Switching ...
Hosted on MSN

Budget 2025: Are deductions like home loan, 80C, HRA, standard deduction available under New Tax Regime?

Budget 2025: FM Nirmala Sitharaman is gearing up to present the Union Budget 2025 on February 1, 2025, six months after unveiling the full budget of the Modi 3.0 regime. Taxpayers are eagerly awaiting ...

Budget 2026 should raise limit to Rs 3 lakh for home loan interest, Section 80C deduction, other deductions need revision

With the introduction of the new tax regime, several deductions/exemptions under the Income Tax Act, 1961 have lost much of ...

Home Loan Tax Benefits Explained: Section 80C And 24(b) Simplified

Home loan tax benefits explained! Learn how Sections 80C & 24(b) help Indian homeowners save up to Rs 3.5 lakh under the old tax regime.

Union Budget 2026: Rs 1.5 Lakh 80C Limit Since 2014? Why Budget 2026 Must Deliver These 4 Tax Reliefs?

As the Budget 2026 approaches, both taxpayers and financial professionals are already speculating about the impending changes ...

How NPS contributions cut your income tax under both old and new regimes

Section 80CCD allows taxpayers to claim deductions on amounts they contribute to government-backed pension schemes such as ...