Finance Minister Nirmala Sitharaman began the presentation of Union budget 2023 in the Lok Sabha by informing that Indian economy is expected to grow at 7% this fiscal.
In Union Budget 2023, Finance Minister Nirmala Sitharaman did not make any changes to Section 80C. Therefore, if you have opted for the old tax regimen, you can still benefit from deductions amounting to Rs.1.5 lakh under section 80C
Opting for tax-saving schemes such as PPF, FD, SSY, SCSS, and NSC can represent an intelligent approach to accumulating wealth for your future, accompanied by substantial tax advantages.