There are more than 2 crore people in the Indian stock market. On February 1, Finance Minister Nirmala Sitharaman is going to present the Modi 2.0 government budget. In this budget, the shareholders are expected to benefit. The central government can create a new segment in the products of tax savings under section 80C of the Income Tax Act in the budget. In the upcoming budget, it is expected that Finance Minister Nirmala Sitharaman may declare a separate segment under section 80C in the National Savings Certificate, in which tax exemption on investment up to Rs 50,000 in National Savings Certificate (NSC) can be announced. is likely to.

In order to increase the earnings of share holders at the present time, the limit of exemption in section 80C can be increased from Rs. 1.5 lakhs to Rs. 2.5 lakhs per annum. With this the income tax slab can be rationalized. According to the rules that came after the budget presented last year, tax deduction is available on deposits up to Rs 1.5 lakh in NSC at present. However, all taxpayers cannot eliminate the limit of section 80C by investing only in NSC. Most taxpayers are salary earners. His contribution to the provident fund and life insurance policy is seen while claiming the benefit of section 80C.

In the budget presented in this Parliament session, if the government creates a separate segment for tax exemption on the amount of up to Rs 50,000, then traders of long term trading besides short term trading are also expected to benefit. Because NSC can become an attractive option for taxpayers. There are many reasons for this. First, the maturity period of NSC is 5 years. For tax saving, the option of 5 years term for general taxpayers is a five-year fixed deposit scheme, which banks and post offices provide. If there is a separate segment within section 80C in NSC, then taxpayers will put their savings in this scheme. Secondly, at present it is getting better interest rate from bank and post office FD. There is sovereign guarantee with NSC, it is not a benefit in bank FD. Currently NSC is getting an interest rate of 7.9 per cent. Today if you deposit Rs 10,000 in this scheme, after maturity, you will get a return of Rs 14,625. A deposit of Rs 25,000 will yield a return of Rs 36,563 and a deposit of Rs 50,000 will fetch Rs 73,126.

Also Read:

1% rich people of the country have four times more money than the wealth of 70 percent of the population

Petrol-Diesel: Petrol and diesel prices fall, Know rates

Bank Strike from 31 Jan: Banks will remain closed for 3 consecutive days, may be delay in getting salary

RBI makes big announcement, despite opposition NPR will work in banking operations