Public Provident Fund (PPF) is one of the most popular small savings schemes among many investors who want safe investment, high fixed income, and a tax-free corpus in the long run. PPF presently ...
The Finance Ministry didn’t change the interest rates of Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS) and National Savings Certificates (NSC), Sukanya Samriddhi Account (SSY) at ...
By investing Rs 1.5 lakh every year in PPF and continuing for 25 years, you can build a retirement corpus of over Rs 1 crore. At the current 7.1% interest rate, this amount can generate nearly Rs ...
The old tax regime rewarded disciplined investing. Every contribution not only built a long-term corpus but also reduced tax ...
Fixed deposits are a popular investment option offered by banks and financial institutions in India. They allow you to deposit a lump sum amount for a fixed tenure at a predetermined interest rate.
Both offer tax benefits, making them attractive to investors looking to save on taxes. While PPF is a long-term savings ...
Small savings schemes like PPF, SSY, and NSC are relevant even for the taxpayers who have opted for the new tax regime. These ...
Many investors assume schemes like PPF and SSY are only worth considering if they reduce taxable income. That used to be true mainly under the old tax regime, where deductions under Section 80C could ...
You don't always need complicated tricks to save on taxes. Certain incomes and investments in India are fully exempt, letting ...