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SEBI proposes to raise Sec 80 limit to Rs. 2 lakh

According to SEBI, Employees Provident Fund Organisation should be allowed to invest up to 15% of their corpus in equities

February 20, 2014 12:00 IST | India Infoline News Service
SEBI has proposed to raise the limit of Section 80C of the Income-tax Act to Rs. 2 lakh from Rs. 1 lakh for equity-linked savings schemes and an additional tax incentive of Rs.50,000 be introduced for a long-term product called mutual fund-linked retirement plan.
According to SEBI, Employees Provident Fund Organisation (EPFO) should be allowed to invest up to 15% of their corpus in equities and mutual funds and employees who earn more than Rs.6,500 a month should be given option that a part of their contribution be invested in a mutual fund scheme of their choice.
SEBI has also proposed introducing capital market concepts and financial planning as core curriculum in schools and colleges.

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