What is Section 80C tax deduction limit after Budget 2024?
Thu, Feb 1, 2024 12:35 PM

What is Section 80C tax deduction limit after Budget 2024?

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The finance minister did not make any changes to the Section 80C limit during the interim Budget 2024 speech. The limit remains at Rs 1.5 lakh for individuals investing under this section for FY2023-24 and FY2024-25. Various investments and expenditures are specified under this section, allowing individuals to claim a maximum deduction of Rs 1.5 lakh from their taxable income.

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