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Tag: 2024’

  • Fleetguard Filters Private Limited (FFPL) Recognized As “Brand Of The Year 2024” In The Automobile And Auto Ancillary Category

    PUNE: Fleetguard Filters Pvt Ltd, a Pune-based leading manufacturer of filtration products and solutions in the automotive sector, has been honored with the prestigious “Brand of the Year 2024” award in the Automobile and Auto Ancillary category at the Marksmen Daily event held on 21st June 2024 at Delhi. 

    This award, renowned for felicitating excellence across diverse business sectors, has recognized Fleetguard Filters for its exceptional contributions to the automotive industry. This accolade highlights the company’s significant market impact driven by its advanced filtration technologies.

    Niranjan Kirloskar, Managing Director of Fleetguard Filters Private Limited (FFPL), expressed his gratitude for receiving the award: “We are honored to be recognized as the ‘Brand of the Year 2024’ by Marksmen Daily. This accolade reflects the hard work and dedication of our entire team. It motivates us to continue pushing the boundaries of innovation and delivering technically advanced solutions to our customers.”

    The recognition by Marksmen Daily adds to the numerous accolades Fleetguard Filters has received over the years, reinforcing its position as an industry leader. The company remains committed to driving technological advancements and maintaining its legacy of excellence in the automotive market.

  • Fleetguard Filters Private Limited (FFPL) Recognized As “Brand Of The Year 2024” In The Automobile And Auto Ancillary Category

    PUNE: Fleetguard Filters Pvt Ltd, a Pune-based leading manufacturer of filtration products and solutions in the automotive sector, has been honored with the prestigious “Brand of the Year 2024” award in the Automobile and Auto Ancillary category at the Marksmen Daily event held on 21st June 2024 at Delhi. 

    This award, renowned for felicitating excellence across diverse business sectors, has recognized Fleetguard Filters for its exceptional contributions to the automotive industry. This accolade highlights the company’s significant market impact driven by its advanced filtration technologies.

    Niranjan Kirloskar, Managing Director of Fleetguard Filters Private Limited (FFPL), expressed his gratitude for receiving the award: “We are honored to be recognized as the ‘Brand of the Year 2024’ by Marksmen Daily. This accolade reflects the hard work and dedication of our entire team. It motivates us to continue pushing the boundaries of innovation and delivering technically advanced solutions to our customers.”

    The recognition by Marksmen Daily adds to the numerous accolades Fleetguard Filters has received over the years, reinforcing its position as an industry leader. The company remains committed to driving technological advancements and maintaining its legacy of excellence in the automotive market.

  • Sushma All India FIDE Rating Chess Championship 2024 Marks a Remarkable Grand Opening

    Sushma All India FIDE Rating Chess Championship 2024 Marks a Remarkable Grand OpeningSushma All India FIDE Rating Chess Championship 2024, organized by Chandigarh Chess Academy, underneath the aegis of Chandigarh Chess Championship and All India Chess Federation, witnessed an exhilarating grand opening ceremony. Held from twenty eighth June 2024 to 2nd July 2024, the occasion commenced at Dev Samaj College of Education, Sector 36 B, Chandigarh.

    The championship’s grand opening ceremony was inaugurated by the esteemed Chief Guest, Sh. Hari Kallikkat, IAS, Secretary Sports, Chandigarh Administration (UT). In his opening tackle, Sh. Kallikkat highlighted the importance of such occasions in selling chess on the grassroots stage and fostering worldwide camaraderie.

    Mr. Prateek Mittal, Sushma Group, expressed, “We are delighted to help the All India FIDE Rating Chess Championship 2024. We lengthen our heartiest congratulations to the Day 1 rating leaders. At Sushma Group, we consider in nurturing each thoughts with motherly care. This championship not solely underscores our dedication to selling expertise but in addition promotes the facility of sports activities to unite folks and foster a spirit of excellence.”

    The first day of the championship witnessed some excellent performances. The prime three scorers of Day 1 are Krish Jaidka from Delhi, Deepanshu Garg from Haryana, Pranjal Malhotra from Pune & Sartha Singal Pune. This international-level championship has drawn 470 members, together with gamers from different international locations, competing throughout numerous age teams. Each participant is about to play 9 matches over the following 5 days, that includes two matches every day. The championship showcases a numerous array of chess expertise, providing all winners with thrilling 66 money prizes


    Mansi Praharaj

  • Mrs India Empress Of The Nation 2024 – Season 5: Embracing Excellence


    .Shailaja Madhok, Sushma Sharma, Shikha Sharma, Pooja Bhagwat, Manisha Anand, Karl Mascarenhas, Anjana Mascarenhas, Dr Leena Gupta, Aman Verma, Isha Koppikar, Dimple Dsouza, Anushree Pande, Saee Khalate, Anita Majoo, Shivangi Dalvi

    INDIA: Mrs India Empress of the Nation 2024, organized by DIVA Pageants, reached its magnificent culmination on 23rd June 2024 – hosted at the luxurious HYATT Pune. This year’s Pageant was a celebration of brilliance, redefining beauty pageants by spotlighting intellect, grace, and social consciousness.

    In a powerful display of inclusivity, the Pageant featured Women from across the Nation, representing diverse backgrounds & age groups with varying abilities, showcasing that true beauty and talent are limitless.

    Visionaries Anjana and Karl Mascarenhas are the driving forces behind DIVA Pageants (www.divapageants.com), whose mission is to create a platform that not only celebrates beauty but also fosters the growth of strong, inspiring women who defy stereotypes and inspire change.

    This grand event was graced by illustrious Celebrities such as actress and former Miss India Isha Koppikar whose star power added Glamour to the proceedings.

    The esteemed panel of Judges included Sandeep Singh – renowned Hotelier and General Manager HYATT Pune, Dr Leena Gupta, owner of MEESHA Diagnostics & Polyclinic, our presenting partner; Karl Mascarenhas – Director: DIVA Pageants, Apeksha Dabral DIVA Queen and winner of Universal Woman India- Social Projects & Aarti Gautam, Mrs Asia Pacific 1st Runner-up.

    DIVA Pageants is acclaimed for its exceptional pageant grooming and training. Their comprehensive Grooming of the 54 Finalists over 4 days –  included Personalized Coaching on Poise & Presentation, Q&A, and Ramp Walk. This transformative journey empowered the Contestants to present their best selves, embracing their full potential.

    The Choreography was masterfully crafted by Pooja Singh, whose direction ensured a breathtaking and polished presentation. Charismatic Aman Yatan Verma hosted the event with flair.

    Winners of Sub-Titles were crowned by Meghna Naidu nationally famous for her super-hit song ‘Kaliyon ka Chaman’.

    DIVA Queen Shweta Shahare has been crowned Mrs. Gaia World India 2024 and will represent India in Malaysia shortly

    DIVA Dr. Meghna Gopal Dewan will represent India as Mrs. Indo Asia 2024 at the prestigious Woman of the Universe in Turkey on Oct 24

    Shradha Nazareth was bestowed with the title of International Queen

    The seamless Event execution was orchestrated by an adept team including Cicilia Sanyal, Mrunali Tayade, Tanuja Bangera & Spenta Patel, who meticulously coordinated every detail.

    Winners of Mrs India Empress of the Nation 2024 -Season 5

    Silver Category

    Winner: Dimple Dsouza

    1st Runner-Up: Dr Anushree Pande

    2nd Runner-Up: Shikha Sharma

    Gold Category

    Winner: Manisha Anand

    1st Runner-Up: Saee Khalate

    2nd Runner-Up: Anita Majoo

    Elite Category

    Winner: Pooja Bhagwat

    1st Runner-Up: Sushma Sharma

    2nd Runner-Up: Shailaja Madhok

    Plus category

    This season of Mrs India Empress of the Nation was not just about Winning the Crown – but encouraging each Contestant to Win At Life – thus empowering them to Dare*Dream*Dazzle!!

    Official Partners –

    Presenting Partner: Meesha Diagnostics

    Official Queens Residence Partner: Hyatt Pune

    Gifting Partner: Daishik Chutneys and Masalas

    Dessert Partner: The Dessert Lounge

    Gifting Partner: Erayba India

    Gifting Partner: Food Craft Studio

    Spa Partner: Kasturi Spa

    Hair and Make-up Partner: Salon Apple

    Yoga partner: Swasthya Yoga by Shweta Kirad

    Nail Partner: To The Nines

    Videography Partner:  Iplus media solutions

    Photography Partner: SJ Illumination

    Photoshoot Partner: Desi Artists India

    Media Partner: Lokmat

    Charity Partner: We Help Foundation

    Gifting Partner: Modasutra

    Casting Partner: DIVA talent hub

    Magazine Partner: Grehlakshmi

    PR partner: Inspirations

    Traditional Round Partner: Futari Chhori

    Western Gown Partner: The Big Closet

    Jewellery Partner: RIIVAA

    Wealth Management Partner: Golden Bells Financial Services Pvt Ltd

    Eyewear Partner: Lawrence & Mayo

    Cause Partner: Prashanti Cancer Care

    Pageant Partner: Mr/Ms/Mrs Madhya Pradesh

  • Mrs India Empress Of The Nation 2024 – Season 5: Embracing Excellence


    .Shailaja Madhok, Sushma Sharma, Shikha Sharma, Pooja Bhagwat, Manisha Anand, Karl Mascarenhas, Anjana Mascarenhas, Dr Leena Gupta, Aman Verma, Isha Koppikar, Dimple Dsouza, Anushree Pande, Saee Khalate, Anita Majoo, Shivangi Dalvi

    INDIA: Mrs India Empress of the Nation 2024, organized by DIVA Pageants, reached its magnificent culmination on 23rd June 2024 – hosted at the luxurious HYATT Pune. This year’s Pageant was a celebration of brilliance, redefining beauty pageants by spotlighting intellect, grace, and social consciousness.

    In a powerful display of inclusivity, the Pageant featured Women from across the Nation, representing diverse backgrounds & age groups with varying abilities, showcasing that true beauty and talent are limitless.

    Visionaries Anjana and Karl Mascarenhas are the driving forces behind DIVA Pageants (www.divapageants.com), whose mission is to create a platform that not only celebrates beauty but also fosters the growth of strong, inspiring women who defy stereotypes and inspire change.

    This grand event was graced by illustrious Celebrities such as actress and former Miss India Isha Koppikar whose star power added Glamour to the proceedings.

    The esteemed panel of Judges included Sandeep Singh – renowned Hotelier and General Manager HYATT Pune, Dr Leena Gupta, owner of MEESHA Diagnostics & Polyclinic, our presenting partner; Karl Mascarenhas – Director: DIVA Pageants, Apeksha Dabral DIVA Queen and winner of Universal Woman India- Social Projects & Aarti Gautam, Mrs Asia Pacific 1st Runner-up.

    DIVA Pageants is acclaimed for its exceptional pageant grooming and training. Their comprehensive Grooming of the 54 Finalists over 4 days –  included Personalized Coaching on Poise & Presentation, Q&A, and Ramp Walk. This transformative journey empowered the Contestants to present their best selves, embracing their full potential.

    The Choreography was masterfully crafted by Pooja Singh, whose direction ensured a breathtaking and polished presentation. Charismatic Aman Yatan Verma hosted the event with flair.

    Winners of Sub-Titles were crowned by Meghna Naidu nationally famous for her super-hit song ‘Kaliyon ka Chaman’.

    DIVA Queen Shweta Shahare has been crowned Mrs. Gaia World India 2024 and will represent India in Malaysia shortly

    DIVA Dr. Meghna Gopal Dewan will represent India as Mrs. Indo Asia 2024 at the prestigious Woman of the Universe in Turkey on Oct 24

    Shradha Nazareth was bestowed with the title of International Queen

    The seamless Event execution was orchestrated by an adept team including Cicilia Sanyal, Mrunali Tayade, Tanuja Bangera & Spenta Patel, who meticulously coordinated every detail.

    Winners of Mrs India Empress of the Nation 2024 -Season 5

    Silver Category

    Winner: Dimple Dsouza

    1st Runner-Up: Dr Anushree Pande

    2nd Runner-Up: Shikha Sharma

    Gold Category

    Winner: Manisha Anand

    1st Runner-Up: Saee Khalate

    2nd Runner-Up: Anita Majoo

    Elite Category

    Winner: Pooja Bhagwat

    1st Runner-Up: Sushma Sharma

    2nd Runner-Up: Shailaja Madhok

    Plus category

    This season of Mrs India Empress of the Nation was not just about Winning the Crown – but encouraging each Contestant to Win At Life – thus empowering them to Dare*Dream*Dazzle!!

    Official Partners –

    Presenting Partner: Meesha Diagnostics

    Official Queens Residence Partner: Hyatt Pune

    Gifting Partner: Daishik Chutneys and Masalas

    Dessert Partner: The Dessert Lounge

    Gifting Partner: Erayba India

    Gifting Partner: Food Craft Studio

    Spa Partner: Kasturi Spa

    Hair and Make-up Partner: Salon Apple

    Yoga partner: Swasthya Yoga by Shweta Kirad

    Nail Partner: To The Nines

    Videography Partner:  Iplus media solutions

    Photography Partner: SJ Illumination

    Photoshoot Partner: Desi Artists India

    Media Partner: Lokmat

    Charity Partner: We Help Foundation

    Gifting Partner: Modasutra

    Casting Partner: DIVA talent hub

    Magazine Partner: Grehlakshmi

    PR partner: Inspirations

    Traditional Round Partner: Futari Chhori

    Western Gown Partner: The Big Closet

    Jewellery Partner: RIIVAA

    Wealth Management Partner: Golden Bells Financial Services Pvt Ltd

    Eyewear Partner: Lawrence & Mayo

    Cause Partner: Prashanti Cancer Care

    Pageant Partner: Mr/Ms/Mrs Madhya Pradesh

  • Mrs India Empress Of The Nation 2024 – Season 5: Embracing Excellence


    .Shailaja Madhok, Sushma Sharma, Shikha Sharma, Pooja Bhagwat, Manisha Anand, Karl Mascarenhas, Anjana Mascarenhas, Dr Leena Gupta, Aman Verma, Isha Koppikar, Dimple Dsouza, Anushree Pande, Saee Khalate, Anita Majoo, Shivangi Dalvi

    INDIA: Mrs India Empress of the Nation 2024, organized by DIVA Pageants, reached its magnificent culmination on 23rd June 2024 – hosted at the luxurious HYATT Pune. This year’s Pageant was a celebration of brilliance, redefining beauty pageants by spotlighting intellect, grace, and social consciousness.

    In a powerful display of inclusivity, the Pageant featured Women from across the Nation, representing diverse backgrounds & age groups with varying abilities, showcasing that true beauty and talent are limitless.

    Visionaries Anjana and Karl Mascarenhas are the driving forces behind DIVA Pageants (www.divapageants.com), whose mission is to create a platform that not only celebrates beauty but also fosters the growth of strong, inspiring women who defy stereotypes and inspire change.

    This grand event was graced by illustrious Celebrities such as actress and former Miss India Isha Koppikar whose star power added Glamour to the proceedings.

    The esteemed panel of Judges included Sandeep Singh – renowned Hotelier and General Manager HYATT Pune, Dr Leena Gupta, owner of MEESHA Diagnostics & Polyclinic, our presenting partner; Karl Mascarenhas – Director: DIVA Pageants, Apeksha Dabral DIVA Queen and winner of Universal Woman India- Social Projects & Aarti Gautam, Mrs Asia Pacific 1st Runner-up.

    DIVA Pageants is acclaimed for its exceptional pageant grooming and training. Their comprehensive Grooming of the 54 Finalists over 4 days –  included Personalized Coaching on Poise & Presentation, Q&A, and Ramp Walk. This transformative journey empowered the Contestants to present their best selves, embracing their full potential.

    The Choreography was masterfully crafted by Pooja Singh, whose direction ensured a breathtaking and polished presentation. Charismatic Aman Yatan Verma hosted the event with flair.

    Winners of Sub-Titles were crowned by Meghna Naidu nationally famous for her super-hit song ‘Kaliyon ka Chaman’.

    DIVA Queen Shweta Shahare has been crowned Mrs. Gaia World India 2024 and will represent India in Malaysia shortly

    DIVA Dr. Meghna Gopal Dewan will represent India as Mrs. Indo Asia 2024 at the prestigious Woman of the Universe in Turkey on Oct 24

    Shradha Nazareth was bestowed with the title of International Queen

    The seamless Event execution was orchestrated by an adept team including Cicilia Sanyal, Mrunali Tayade, Tanuja Bangera & Spenta Patel, who meticulously coordinated every detail.

    Winners of Mrs India Empress of the Nation 2024 -Season 5

    Silver Category

    Winner: Dimple Dsouza

    1st Runner-Up: Dr Anushree Pande

    2nd Runner-Up: Shikha Sharma

    Gold Category

    Winner: Manisha Anand

    1st Runner-Up: Saee Khalate

    2nd Runner-Up: Anita Majoo

    Elite Category

    Winner: Pooja Bhagwat

    1st Runner-Up: Sushma Sharma

    2nd Runner-Up: Shailaja Madhok

    Plus category

    This season of Mrs India Empress of the Nation was not just about Winning the Crown – but encouraging each Contestant to Win At Life – thus empowering them to Dare*Dream*Dazzle!!

    Official Partners –

    Presenting Partner: Meesha Diagnostics

    Official Queens Residence Partner: Hyatt Pune

    Gifting Partner: Daishik Chutneys and Masalas

    Dessert Partner: The Dessert Lounge

    Gifting Partner: Erayba India

    Gifting Partner: Food Craft Studio

    Spa Partner: Kasturi Spa

    Hair and Make-up Partner: Salon Apple

    Yoga partner: Swasthya Yoga by Shweta Kirad

    Nail Partner: To The Nines

    Videography Partner:  Iplus media solutions

    Photography Partner: SJ Illumination

    Photoshoot Partner: Desi Artists India

    Media Partner: Lokmat

    Charity Partner: We Help Foundation

    Gifting Partner: Modasutra

    Casting Partner: DIVA talent hub

    Magazine Partner: Grehlakshmi

    PR partner: Inspirations

    Traditional Round Partner: Futari Chhori

    Western Gown Partner: The Big Closet

    Jewellery Partner: RIIVAA

    Wealth Management Partner: Golden Bells Financial Services Pvt Ltd

    Eyewear Partner: Lawrence & Mayo

    Cause Partner: Prashanti Cancer Care

    Pageant Partner: Mr/Ms/Mrs Madhya Pradesh

  • HDFC ERGO General Insurance elevates Anuj Tyagi as MD & CEO from July 1, 2024

    HDFC ERGO General Insurance elevates Anuj Tyagi as MD & CEO from July 1, 2024Hyderabad, June twenty seventh, 2024: HDFC ERGO General Insurance right this moment confirms that Mr. Anuj Tyagi will succeed Mr. Ritesh Kumar as the brand new Managing Director & CEO from July 1, 2024, and all mandatory regulatory approvals on this regard at the moment are in place. This is consistent with the intimation to the inventory trade made earlier this 12 months on January 13, 2024, concerning management change as authorized by the Board.

    Mr. Tyagi has been with the Company since 2008 and has held varied positions throughout his tenure and was elevated to Joint Managing Director in April 2023.

    Mr. Kumar will be a part of the Board of Management of ERGO International from October 4, 2024 onwards and as the brand new Deputy COO of the entity, will deal with the Asian progress markets, such as China, Thailand and Singapore. This appointment is topic to administrative approvals and consent of the Supervisory Board of ERGO International.

    Mr. Keki M Mistry, Chairman of the Board, mentioned, “The Board needs to thank Ritesh for his extraordinary management over the past 16 years that has left an indelible mark on the Company, the model and its market place. I’m additionally delighted that we’ve an ready chief in Anuj to tackle the baton – Anuj has labored carefully with Ritesh over these 16 years and has performed an necessary function in reshaping HDFC ERGO into a big tech-first trade chief.”

    Dr. Oliver Willmes, Chief Operating Officer and Chairman of the Board of Management of ERGO International mentioned, “I want to thank Mr. Ritesh Kumar for his immense contribution in making this three way partnership Company as a number one insurer in India. I’m assured that Mr. Anuj Tyagi will take HDFC ERGO to higher success along with his dynamism and eager curiosity in buyer centricity & digital innovation.”

    “I thank the shareholders and the Board for the belief they’ve had in me. For me personally, it has been a privilege to steer this distinctive crew at HDFC ERGO – collectively we’ve grown to turn out to be one of many high basic insurance coverage firms. I’m assured that Anuj will usher HDFC ERGO into a brand new period and my greatest needs are with him,” mentioned, Mr. Ritesh Kumar, the outgoing MD & CEO.

    Mr. Anuj Tyagi mentioned, “While we’ll miss Ritesh’s steering, I’m excited and grateful to tackle this function at such a pivotal time for the trade and Company. As we embrace a future-ready, tech-first strategy, I stay up for harnessing innovation to ship unparalleled worth to our clients and channel companions. I’m assured that we are going to be on the forefront in seizing the evolving alternative on this sector with the help of this unbelievable crew which I’m now going to work with. We will construct on our robust basis in driving progress and setting requirements for the insurance coverage sector.”

    With a profession spanning over 25 years in banking and insurance coverage, Mr. Tyagi joined HDFC ERGO in 2008 and has led all gross sales channels together with Reinsurance, Underwriting, Claims, Technology & People features over the past 16 years.


    Mansi Praharaj

  • Section 80C Limit: Govt will increase section 80C limit under old tax regime budget 2024 ? Check Here

    Section 80C Limit
    Section 80C Limit

    Budget 2024 Section 80C Limit: Modi authorities can provide excellent news to crores of taxpayers in its third time period. The authorities can increase the limit of 80C from Rs 1.50 to Rs 3 lakh. Many taxpayers select Section 80C as their most popular tax saving choice.

    Modi authorities can provide excellent news to crores of taxpayers in its third time period. The authorities can increase the limit of 80C from Rs 1.50 to Rs 3 lakh. Many taxpayers select section 80C as their most popular tax saving choice. Under Section 80C of the Income Tax Act 1961, if people go for the old tax regime, they’ll avail a most deduction of Rs 1.5 lakh for the monetary 12 months 2024-25. Those who go for the brand new tax regime will not be eligible to avail this deduction.

    – Advertisement –

    The limit was elevated within the 12 months 2014

    In 2014, the then Finance Minister Arun Jaitley elevated the 80C profit limit to Rs 1.5 lakh every year. This change was one of many main types of aid given by the federal government in its first budget. However, there was no change within the 80C limit since then. This marks a decade because the final increase in 2014. Every 12 months many taxpayers hope that the Finance Minister will increase the Section 80C limit within the Union Budget 2024. Many consider that the 80C limit has not elevated in step with earnings and prices. Due to this distinction, many taxpayers use all the 80C limit to avoid wasting tax.

    Also Read: Top 10 international locations with probably the most extremely rich people

    What is the good thing about Section 80C?

    The most tax deduction allowed to taxpayers under Section 80C is Rs 1.5 lakh. However, taxpayers can put money into a number of financial savings schemes to avoid wasting tax. Deductions under Section 80C can be found solely to people and Hindu Undivided Families (HUFs). Taxpayers can declare deductions for investments in financial savings schemes or for funds of investments and bills falling under the 80C class.

    Why ought to the Section 80C limit be elevated?

    An individual’s taxable earnings is calculated by deducting the 80C deduction from his whole earnings. Any change within the Section 80C deduction limit straight impacts an individual’s taxable earnings. Taxpayers will get the direct good thing about this. The price of many individuals has elevated. Salaries have elevated, however the advantages of Section 80C haven’t stored tempo. Due to this, many individuals take full benefit of 80C. That is why rising the limit in Section 80C is all the time the primary precedence for taxpayers earlier than the budget yearly.

    – Advertisement –

  • Section 80C Limit: Govt will increase section 80C limit under old tax regime budget 2024 ? Check Here

    Section 80C Limit
    Section 80C Limit

    Budget 2024 Section 80C Limit: Modi authorities can provide excellent news to crores of taxpayers in its third time period. The authorities can increase the limit of 80C from Rs 1.50 to Rs 3 lakh. Many taxpayers select Section 80C as their most popular tax saving choice.

    Modi authorities can provide excellent news to crores of taxpayers in its third time period. The authorities can increase the limit of 80C from Rs 1.50 to Rs 3 lakh. Many taxpayers select section 80C as their most popular tax saving choice. Under Section 80C of the Income Tax Act 1961, if people go for the old tax regime, they’ll avail a most deduction of Rs 1.5 lakh for the monetary 12 months 2024-25. Those who go for the brand new tax regime are usually not eligible to avail this deduction.

    – Advertisement –

    The limit was elevated within the 12 months 2014

    In 2014, the then Finance Minister Arun Jaitley elevated the 80C profit limit to Rs 1.5 lakh each year. This change was one of many main types of aid given by the federal government in its first budget. However, there was no change within the 80C limit since then. This marks a decade for the reason that final increase in 2014. Every 12 months many taxpayers hope that the Finance Minister will increase the Section 80C limit within the Union Budget 2024. Many consider that the 80C limit has not elevated in keeping with earnings and prices. Due to this distinction, many taxpayers use the complete 80C limit to save lots of tax.

    Also Read: Top 10 nations with essentially the most extremely rich people

    What is the advantage of Section 80C?

    The most tax deduction allowed to taxpayers under Section 80C is Rs 1.5 lakh. However, taxpayers can put money into a number of financial savings schemes to save lots of tax. Deductions under Section 80C can be found solely to people and Hindu Undivided Families (HUFs). Taxpayers can declare deductions for investments in financial savings schemes or for funds of investments and bills falling under the 80C class.

    Why ought to the Section 80C limit be elevated?

    An individual’s taxable earnings is calculated by deducting the 80C deduction from his complete earnings. Any change within the Section 80C deduction limit straight impacts an individual’s taxable earnings. Taxpayers will get the direct good thing about this. The price of many individuals has elevated. Salaries have elevated, however the advantages of Section 80C haven’t stored tempo. Due to this, many individuals take full benefit of 80C. That is why rising the limit in Section 80C is at all times the primary precedence for taxpayers earlier than the budget yearly.

    – Advertisement –