With FM set to table the Budget 2025, tax experts and stakeholders remain optimistic of major changes in the tax regime, ...
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Budget 2025: Need to change tax rules under 80C and 80D, insurance sector has high expectations from the budgetInsurance companies have many expectations from the budget to be presented on February 1. The country's insurance penetration ...
Rising healthcare costs have become a pain point for taxpayers and they demand an increase in tax deduction under section 80D ...
In order to claim a deduction under Section 80D for health check-ups, the taxpayer should have incurred expenses on ...
Both PPF and health insurance provide unique tax benefits. Contributions to PPF are eligible for deductions up to ₹1.5 lakh ...
Many taxpayers believe that the existing limit of Rs 1.5 lakh for investments in fixed deposits, ELSS, and housing loan ...
The term insurance plan offers tax benefits but is more than an instrument for tax savings. It is a protection plan that ...
The income tax system in India operates through a progressive slab structure. The amount of tax an individual pays is ...
Tax experts recommend Equity Linked Saving Scheme (ELSS) as the best tax-saving option under Section 80C due to its ...
Despite the simplicity of the new tax regime, many taxpayers still prefer the old system due to its various deductions and ...
Most insurance firms expect an increase in tax deduction limits for policyholders under section 80C for life insurance ...
GST reduction or waiver on health and term insurance products is critical to making insurance offerings more affordable and expanding coverage for the uninsured population, said Rajesh Kakkar.
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