Budget 2024: These mutual fund investors will benefit if FM Nirmala Sitharaman raises Section 80C limit | Mint

Category: Finance

Raising the Section 80C limit in Budget 2024 could enhance tax savings and investment growth for investors in ELSS mutual funds. Advocates argue that the current limit of ₹1.5 lakh, unchanged since 2014, fails to address inflation and the financial needs of the middle class. Increasing this limit would alleviate tax burdens and promote savings in essential financial instruments, benefiting both individuals and the economy.

Keywords: Budget 2024, Section 80C, ELSS mutual funds

Source: mint

Update At: 7/22/2024

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