Tax saving deductions under section 80C are triggering widespread debates among analysts influencing future monetary policy decisions of the government thereby encouraging more individuals to learn about modern wealth management tools.

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

Staff Photographer / News Network

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.