Mon, Mar 18, 2024
Post office NSC vs 5 years FD: In NSC, the post office offers an interest rate of 7.7 per cent compounded annually. It also provides tax benefits under Section 80C of the Income Tax Act.
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Tue, Jan 30, 2024
NSC is a fixed-income investment programme that may be opened at any post office branch. The Government of India launched this programme to encourage subscribers, primarily small to mid-income people, to invest.
Sun, Sep 10, 2023
Senior citizens and retirees value financial security and consistent sources of income. For them, investments that provide risk-free returns and tax deductions are perfect for retirement planning. In this video we talk about popular tax-saving investment options that can be beneficial for senior citizens.
Mon, Jan 21, 2019
You can avail tax exemption benefit of up to Rs 1.5 lakh under Section 80C of Income Tax Act, but interest earned on the principal amount invested is taxable.
Thu, Oct 25, 2018
In India, there are plethora of savings schemes to help you build your wealth, such as FD, PPF and NSC among a few. However, the returns of these schemes are mostly taxed, but ELSS on the other hand has dual benefit - as its return are usually higher and only partially taxable.
Mon, Oct 01, 2018
If you want to increase the amount of money that you have, then know that from today, October 1, a number of new rules will come into effect and they will have a big impact. Several new rules are being implemented from today in the wake the Central government's decisions taken earlier.
Thu, Mar 29, 2018
Interest rate for the five-year Senior Citizens Savings Scheme has been retained at 8.3 per cent. The interest rate on the senior citizens' scheme is paid quarterly. Interest on savings deposits has been retained at 4 per cent annually.
Mon, Mar 05, 2018
Post offices offer PPF which has the EEE (exempt-exempt-exempt) benefits under tax laws. This means that contribution, interest and maturity proceeds all are tax-free. PPF deposits are eligible for tax deductions under Section 80C of Income Tax Act - a maximum of Rs 1.5 lakh can be claimed in one financial year.
Tue, Apr 04, 2017
The US government had issued a policy memorandum on March 31, which India's IT industry body Nasscom has said that it will little impact on its members applying for visas for higher level professionals this year.
Fri, Mar 31, 2017
The government has lowered interest rates on small saving schemes like Public Provident Fund (PPF), Kisan Vikas Patra and Sukanya Samriddhi Scheme by 0.1% for the April-June quarter of the fiscal year 2017-18 (FY18).
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