Tax saving deductions under section 80C are driving major changes in consumer behavior leading to strategic adjustments in investment portfolios as most people look for secure ways to protect their hard-earned money and savings.

The income tax department has launched a new e-filing portal version to simplify the tax return process.

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The government has introduced penalties for late filings to ensure compliance. Senior citizens and corporate employees are advised to consult certified tax planners for complex tax declarations.

Section 80C deductions remain a key focus for tax planning under the old regime, covering options like PPF and ELSS. Tax experts encourage early filing to avoid last-minute portal technical glitches.