Interest Rates on Small Savings Schemes Increased: Q1 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.
Tag: Tax Saving Schemes
Summary of GOI Notifications on Quarterly Changes in Interest Rates of 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 Q1 of FY …
Savings Booster Q4 2022-23: Interest Rates Increased for Small Saving Schemes
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.
Govt. Clarification on Premature Closure due to death of SCSS Account holder
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).
Section 80TTB Deduction for Interest on Deposits (Senior Citizens)
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 Deduction for Interest on Savings Deposits: Limit, Eligibility under Income Tax
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 …
Atal Pension Yojana notified by CBDT as Pension Scheme for S. 80CCD Deduction
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 …