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TIME TO MOVE BEYOND TAX-SAVING LIMITS AND FOCUS ON SMARTER TAX PLANNING

Mint Mumbai

|

April 30, 2025

A client once rushed to buy an insurance policy in March, only to realise later it didn't meet her needs or offer the best tax benefits.

- VINAYAK BHAT

TIME TO MOVE BEYOND TAX-SAVING LIMITS AND FOCUS ON SMARTER TAX PLANNING

ings and investment among the working class. But deduction limits haven't kept pace. The Section 80C limit has been ₹1.5 lakh since 2015; Section 80D for insurance premiums, ₹25,000 since 2016 (for those under 60); and housing loan interest under Section 24(b), ₹2 lakh since 2015.

These limits are low, especially when compared to inflation, rising costs, and growing financial responsibilities. While newer deductions like 80EEA (home loan), 80EEB (e-vehicle loan), and 80CCD(1B) (NPS self-contribution) have been added, the overall deduction values remain largely stagnant.

Mint Mumbai'den DAHA FAZLA HİKAYE

Mint Mumbai

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time to read

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time to read

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Mint Mumbai

Israel to relocate Jews from northeast

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time to read

1 min

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Mint Mumbai

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time to read

2 mins

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Mint Mumbai

IndoSpace Core acquires six logistics parks for over $300 mn

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time to read

1 min

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Businesses mustn't wait for a global climate consensus

This year’s United Nations climate summit in Belém, Brazil, ended last week. Countries made promises on paper and avoided hard decisions. Having gathered nearly 200 nations to chart out climate action, CoP-30 produced a ‘Belém Political Package’ that deferred questions rather than answer them. We should not pretend that this is progress.

time to read

3 mins

November 26, 2025

Mint Mumbai

Husk Power aims to raise $400 mn

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time to read

1 min

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Don't make AI models but make the most of what exists

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time to read

3 mins

November 26, 2025

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The Federal Reserve’s tool for calming short-term funding markets is being tested

The Federal Reserve is struggling to persuade some banks to use a lending tool designed to improve the central bank’s control over short-term money markets.

time to read

3 mins

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