Tag: Tax Saving Schemes
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.
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 …
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 …