Tag: Tax Saving Schemes

Government has announced revised/increased interest rates for Q4 of FY 2023-24 (01/01/2024 to 1/03/2024), in respect of certain small saving schemes.

Summary of Quarterly Changes in Interest Rates of Small Saving Schemes (KVP, MIS, NSC, PPF, RD, SB, SCSS, SSAS and Term Deposits) from FY 2016-17 to Q3 of FY …

The Government revised interest rates for small saving schemes in Q3 FY 2023-24 (Oct-Dec 2023). Notably, 5 Year Recurring Deposits will now earn 6.7% p.a., up from the previous …

Explore the revised/increased interest rates notified by Government in respect of certain small savings schemes for Q2 of FY 2023-24.

Earn higher returns on your investments with the latest interest rates on Small Savings Schemes. Check out the revised rates for Q1 of FY 2023-24 here.

The Goverment has increased interest rates for Small Saving Schemes in Q4 2022-23. Learn which schemes have been affected and how to make the most of them.

Government has clarified certain concerns, relating to the premature closure of SCSS Accounts by banks/post offices, upon death of the SCSS Account holder(s).

New IT Section 80TTB provides for a higher deduction of upto Rs. 50,000 for interest on savings/ term deposits with Bank/ Post Office, in the case of resident individuals …

Section 80TTA of Income Tax Act, 1961 provides for a deduction of upto Rs. 10,000 in respect of interest income earned from savings deposits maintained with a Bank or Post …

CBDT has notified the ‘Atal Pension Yojana (APY)’ as a pension scheme for the purposes of claiming deduction under S. 80CCD of the Income Tax Act, as under: CBDT Income …