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Union Budget 2021: Will there be relief in Budget under Section 80C? Top Searches Union Budget 2021: Will there be relief in Budget under Section 80C? Smriti Jain / TIMESOFINDIA.COM / Jan 22, 2021, 18:42 IST FacebookTwitterLinkedinEMail Budget 2021: In the last decade the limit for Section 80C has been revised only once. Budget 2021: Every year the common man looks at the Finance Minister to provide additional tax relief in the Union Budget. Amongst other changes, taxpayers and particularly the middle-class expect an increase in the limit under Section 80C of the Income Tax Act. Union Budget 2021 on February 1 will be no different, Covid 19-hit taxpayers will look for relief from FM Nirmala Sitharaman. At present the limit is Rs 1.5 lakh but with revenue limitations experts are divided on whether Budget 2021 will see a hike in Section 80C limit.

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