Income Tax : NSC offers 7.7% interest, tax benefits under Section 80C, and capital security. Learn about its taxability, lock-in period, and in...
Finance : It’s that time of the year when you need to invest in different investment products to enable tax savings for FY 2021-22 OR else...
Income Tax : Introduction- The pleasure of receiving money may get reduced when a substantial part of money is paid by way of taxes. To maintai...
Income Tax : Comparison of Various Saving Scheme Article explains comparison of Various Saving Scheme for the purpose of Tax Planning & I...
Income Tax : Section 80C replaced the existing Section 88 with more or less the same investment mix available in Section 88. The new section 8...
Finance : The revised Rates of Interest on various Small Savings Schemes Including Saving Deposits, Public Provident Fund, Kisan Vikas Patra...
Income Tax : Government has decided to effect a reduction of 0.1 percentage points in interest rates across the board in all Small Savings Sch...
Income Tax : On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Ac...
Finance : Central Government has notified revised Interest Rate for the perios from 01.04.2016 to 30.03.2016 on Small Savings Schemes like P...
Income Tax : Office Memorandum (OM) No.6/01/2011-NS.II dated March 31, 2015 Government Announces Interest Rates for Various Small Savings Schem...
Finance : Interest rates for Small Savings Schemes for Q4 of FY 2024-25 will remain unchanged from Q3, effective January 1, 2025....
Finance : The Government of India keeps interest rates unchanged for Small Savings Schemes for Q3 FY 2024-25, effective from October 1 to De...
Finance : Amendments to National Savings Scheme rules will end interest accrual on balances from October 2024. New guidelines circulated by ...
Finance : Discover the latest interest rates for Small Savings Schemes for April-June and July-September 2024. Get detailed insights and com...
Finance : Read about the official memorandum from the Ministry of Finance on small savings schemes interest rates for the first quarter of F...
On an application to accounts office in Form-1, following types of accounts can be opened under National Savings Certificates (VIII Issue) Scheme, 2019 namely- (a) Single Holder Type Account; (b) Joint A- Type Account; and (c) Joint B – Type Account.
Central Government rescinds rules, namely The Post Office Savings Account Rules, 1981, The National Savings Time Deposit Rules, 1981, National Savings Recurring Deposit Rules, 1981, National Savings (Monthly Income Account) Rules, 1987, National Savings Certificate (VIII Issue) Rules, 1989, Senior Citizens Savings Scheme Rules, 2004, Kisan Vikas Patra Rules, 2014 and Sukanya Samriddhi Account Rules, […]
rates of interest on various small savings schemes for the first quarter of financial year 2019-20 staring Ist April, 2019 and ending on 30th June, 2019 shall remain unchanged from those notified for the fourth quarter of financial year 2018-19.
Rates of interest on various small savings schemes for the fourth quarter of financial year 2018-19 starting 1stJanuary, 2019, and ending on 31st March, 2019, on the basis of the interest compounding / payment built-in in the schemes,
Government announces the Revision of interest rates for Small Savings Schemes for the Third Quarter of the current Financial Year 2018-19 On the basis of the decision of the Government of India, the interest rates for Small Savings Schemes are to be notified on Quarterly Basis with the approval of the Union Finance Minister. Accordingly, […]
The Public Provident Fund is the darling of all tax saving investments. You invest in it and you get a deduction on your income. Besides, the interest you earn on it is tax-free. Since it is a scheme run by the Government of India, it is also totally safe.
Sec 80C of Income Tax Act, 1961 allows deductions on National Saving Certificate Investment Maximum Limit allowed is Rs 150000/- per Financial Year
Under this section, you can invest a maximum of Rs 1.50 lakh (1 Lakh upto AY 2014-15) and if you are in the highest tax bracket of 30%, you save a tax of Rs 45000. The various investment options under this section include:PPF; Life Insurance Premium, Equity Linked Savings Scheme (ELSS), Provident Fund (PF) & Voluntary Provident Fund (VPF)
The revised Rates of Interest on various Small Savings Schemes Including Saving Deposits, Public Provident Fund, Kisan Vikas Patra and Sukanya Samriddhi Accounts Scheme for the 4th Quarter of financial year 2017-18 is as below:
These rules may be called the National Savings Time Deposit (Amendment) Rules, 2017. They shall come into force on the date of their publication in the Official Gazette. In the National Savings Time Deposit Rules, 1981, in rule 5, in sub-rule (1), for the words two hundred, the words “one hundred” shall be substituted.
