Retirement fund body EPFO on March 28, 2023, had marginally raised the interest rate on employees' provident fund (EPF) deposits to 8.15 per cent for 2022-23 for its over six crore subscribers
Companies have set deadlines for their employees to register their choice of the tax regime. Read on to learn about the options and the benefits.
Public Provident Fund (PPF) investment pays interest annually but is calculated monthly. How should you take the maximum benefit?
In case of death of the PPF accountholder, the nominee or the legal heir can claim the amount lying in the PPF of the subscriber
Budget 2023 has made the new income tax regime the default option from FY2023-24, although the choice to avail of the old tax regime still exists.
From the perspective of financial wellness, this checklist can assist you in ensuring that tax-saving investments have been made and compliance requirements have been met before the financial year comes to an end on March...
If an SCSS account is closed after a year but before two years, 1.50 per cent of the deposit is deducted; likewise, banks may reverse the interest credited to a matured account but not closed
Rule 72 offers a quick calculation of the time it takes to double your investments at a fixed rate of return. Using this rule, we compare some popular tax-saving schemes in this article.
With the tax-saving season in full-swing, here’s what young taxpayers must know in order to take full advantage of all the deductions and benefits that are...
While there may be a wide range of investment options, here we have collated the top five smart investment avenues that may maximise your returns and minimise...
The scheme, however, has not gained traction as in several cases it resulted in a higher tax burden
Deposit rates on Public Provident Fund, Sukanya Samriddhi Yojana remain unchanged. Rates on term deposits, Senior Citizens Savings Scheme and monthly income...
Parents can contribute to a minor child's public provident fund (PPF) account, but the aggregate of deposits made by each member cannot exceed the threshold of...
If you are 60 years or older and have an account under the National Pension System (NPS), you can withdraw the accumulated funds in a lump sum or annuity.
A greater number of women are saving and investing in mutual funds as well as new-age digital assets such as cryptocurrency as compared to men. They are also...
Here’s a handy tip for you to open your PPF account or close a matured one with the postal department online without having the need to visit your post...
A non-resident Indian can maintain a PPF account for up to 15 years as long as he/she retains his/her Indian citizenship. Under income tax laws, partial...
With the RBI increasing the repo rate yet again, banks will increase deposit rates. But should you put your money in fixed deposits for meeting your long-term...
PPF interest rates are still attractive. New investors can find details about PPF rates, taxation, and its fungibility aspects here.
To encourage savings and investment among taxpayers, the Income Tax department has introduced several deductions under Chapter VI A. 80C is the most popular...
It’s important to plan your finances and your investments in the beginning of the financial year to not only avoid a last-minute scramble but also invest...
Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent,...
