Income Tax : Sukanya Samriddhi Yojana: Your Ultimate Guide to Securing Your Daughter’s Future! The Sukanya Samriddhi Yojana (SSY) is a sm...
Finance : Explore the 10 investment schemes under India's National Savings Scheme with detailed analysis and expert recommendations. Make in...
Income Tax : Explore the tax benefits of Sukanya Samriddhi Yojana, a scheme aimed at securing the future of girl children in India. Learn about...
Income Tax : Unlock tax planning simplicity with Sukanya Samriddhi Yojana (SSY). Launched as part of 'Beti Bachao, Beti Padhao,' this governmen...
Income Tax : 1. Payment of tuition fees paid by parents for their children is allowed as deduction under section 80C. The Deduction is availabl...
Finance : 1,42,73,910 new accounts opened under Sukanya Samriddhi Account (SSA) between 2018 and 2021 The number of new accounts opened unde...
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...
Finance : Government is continuously monitoring the progress of Sukanya Samriddhi Account Scheme. It was launched on 2nd December, 2014 and ...
Finance : The interest rates of Public Provident Fund (PPF), Kisan Vikas Patra (KVP), Senior Citizens Savings Scheme, 2004 (SCSS 2004), and ...
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 : 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...
Finance : The Ministry of Finance revises interest rates for Sukanya Samriddhi Account Scheme to 8.2% PA, effective from January 2024. Learn...
In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic. the rates of Tax Deduction at Source (TDS) for the following non-salaried specified payments made to residents has been reduced by 25% for the period from 14th May, 2020 to 31st March, 2021.
Sukanya Samriddhi Account (Amendment) Scheme, 2020- The deposits made in the account between 12th December, 2019 to 31st March, 2020 (both days inclusive) and the balances at the credit of the account shall earn interest at the rate of 8.4 per cent. per annum. The deposits made in the account on or after the 1st day of April, 2020 and the balances at the credit of the account shall earn interest at the rate of 7.6 per cent. per annum.
The Public Provident Fund (PPF) account/ Sukanya Sarnriddhi Account (SSA) holders will be eligible to make a single deposit each in account(s) opened in his own name and/or account(s) opened in the name of minor(s), as the case may be for FY 2019-2o till 30.06.2020 subject to the condition of maximum deposit ceilings prescribed in the PH/ SSA scheme provisions.
Government has declared Rate of Interest on Small saving for the Quarter of April 2020 to June 2020 with Massive cut in in interest Rate ranging from 0.70 to 1.40 % per annum. For example rate of interest on PPF been reduced by 70 basis points to 7.1% per annum and same on Sukanya Samriddhi […]
There are a lot of securities available to you to reduce your tax liability .Chapter VIA offers you so many opportunities. Sec 80 C is one of the important section in Chapter VIA which gives ample opportunities to you as per the existing Income Tax Act. You cannot claim deduction under Sec 80C under the […]
The subscribers of RD/PPF/SSA Accounts may deposit the mandated due amount, if any of current F.Y. (2019-20) and April, 2020 (as the case may be) in their respective accounts till 30th June, 2020 and no penalty/revival fee shall be charged
Amendments to procedural rules relating to Sukanya Samriddhi Account scheme in POSB(CBS) Manual in the light of recent changes circulated vide SB Order 13/2019 dated 18.12.2019.
Tax benefits under section 80C for the girl child under the Sukanya Samriddhi Account Scheme,2019 The Central Government initially launched the ‘Sukanya Samriddhi Account’ programme in January 2015 with an objective to promote the welfare of girl child. After that the Government has further notified new Sukanya Samriddhi Account Scheme, 2019 w.e.f. 12th December, 2019 […]
The deadline for making tax saving investments is 31 March. But, there is still time to adopt last minute tax saving tips to claims tax benefits offered by the Government. This article discusses some tax investment avenues which can be utilized before 31 March to lower one’s overall tax liability.
Section 80C replaced the existing Section 88 with more or less the same investment mix available in Section 88. The new section 80C has become effective w.e.f. 1st April, 2006. Even the section 80CCC on pension scheme contributions was merged with the above 80C. However, this new section has allowed a major change in the method of providing the tax benefit. Section 80C of the Income Tax Act allows certain investments and expenditure to be tax-exempt.
