Income Tax - 1. Payment of tuition fees paid by parents for their children is allowed as deduction under section 80C. The Deduction is available to the extent of Rs 1,50,000/-. 2. Exemption for salaried taxpayer if they get perquisite from their employer for education of Rs 100 per month per child (upto 2 children)...
Read MoreIncome Tax - Sukanya Samriddhi Scheme which is a Government of India backed saving scheme, to encourage parents to build a fund for the future education and marriage expenses for their female child. Contribution in this scheme is eligible for deduction U/s 80C and Interest and withdrawal is also tax exempt....
Read MoreIncome Tax - As a part of ‘Beti Bachao Beti padhao’ campaign (Save girls, educate girl child campaign), Prime minister Shri Narendra Modi launched a scheme Sukanya Samriddhi Yojana ( Girl Child Prosperity Scheme) on Jan,22 ,2015. -Sukanya Samriddhi Yojana (SSY) aims to tackle major problem associate with girl child- Education and Marriag...
Read MoreIncome Tax - Our Prime Minister, Narendra Modi launched the scheme named ‘Sukanya Samriddhi Yojana’ as a part of Beti Bachao Beti Padhao campaign. The government of India launched a social campaign on 22nd January, 2015.The Beti Bachao Beti Padhao campaign gives awareness about ‘Save Girls, Educate the Girl Child’. WHAT IS THE SUKANYA SAMRIDDH...
Read MoreIncome Tax - Comparison of Various Saving Scheme Article explains comparison of Various Saving Scheme for the purpose of Tax Planning & Investment Plan i.e. Very Simple analysis / summarized view of below mentioned schemes is as under:- 1) Sukanya Samriddhi Scheme 2) Pubilc Provident Fund 3) Kisan Vikas Patra 4) Senior Citizen Saving Scheme ...
Read MoreIncome Tax - 1,42,73,910 new accounts opened under Sukanya Samriddhi Account (SSA) between 2018 and 2021 The number of new accounts opened under Sukanya Samriddhi Account (SSA) from 01.04.2018 to 31.10.2021 is 1,42,73,910. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in written reply to a question in Lok Sabha today. Th...
Read MoreIncome Tax - 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:...
Read MoreIncome Tax - Government has decided to effect a reduction of 0.1 percentage points in interest rates across the board in all Small Savings Schemes except the Post Office Savings Account, which has been left untouched....
Read MoreIncome Tax - Government is continuously monitoring the progress of Sukanya Samriddhi Account Scheme. It was launched on 2nd December, 2014 and since then the number of accounts opened under this scheme have been showing upward trend and 99,96,085 accounts have been reported opened till 31st October, 2016 and Rs. 9455.30 crore have been deposited unde...
Read MoreIncome Tax - The interest rates of Public Provident Fund (PPF), Kisan Vikas Patra (KVP), Senior Citizens Savings Scheme, 2004 (SCSS 2004), and Sukanya Samriddhi Account (the Girl Child Scheme) were reduced by 0.10 percentage point for the quarter 01.10.2016 to 31.12.2016, and not 0.10 percentage per annum....
Read MoreSB Order No. 15/2022 - (29/09/2022) - Revision of interest rates for Small Savings Schemes for Q3 of 2022-23 (i.e. from 1st October, 2022 to 31st December, 2022) Interest rates of small saving schemes for the Third quarter of financial year 2022-23 starting from 1st October, 2022 and ending on 31st December, 2022. Small saving schemes ...
Read MoreF.N0.1/4/2019-NS - (30/06/2022) - Revision of interest rates for Small Savings Schemes for Q2 of 2022-23 (i.e. from 1st July 2022 to 30th September 2022) Interest rates of small saving schemes for the Second quarter of financial year 2022-23 starting from 1st July, 2022 and ending on 30th September, 2022 shall remain unchanged from ...
Read MoreSB Order No. 05/2022 - (31/03/2022) - Rate of interest on various Small Savings Schemes (National Savings Schemes) for the first quarter of financial year 2022-23 (starting from 1st April, 2022 and ending on 30th June, 2022) shall remain unchanged from the current interest rates applicable for the fourth quarter (1st January, 2022 to 31...
Read MoreF.No.1/4/2019-NS - (31/03/2022) - Revision of interest rates for Small Savings Schemes for Q1 of 2022-23 Interest rates of small saving schemes for the First quarter of financial year 2022-23 starting from 1st April, 2022 and ending on 30th June, 2022 shall remain unchanged from the current rates applicable for the Forth quarter (...
Read MoreF.No.1/4/2019-NS - (31/12/2021) - Interest rates of small saving schemes for the Fourth quarter of financial year 2021-22 starting from 1st January, 2022 and ending on 31st March, 2022 shall remain unchanged from the current rates applicable for the third quarter (1st October, 2021 to 31st December, 2021) for FY 2021-22. Small savin...
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SB Order No. 15/2022 - 29/09/2022
F.N0.1/4/2019-NS - 30/06/2022
SB Order No. 05/2022 - 31/03/2022
F.No.1/4/2019-NS - 31/03/2022
F.No.1/4/2019-NS - 31/12/2021
Office Memorandum No. F.No.1/4/2019-NS - 30/09/2021