The new financial year in India has started on April 1. It is that time of the year, wherein salaried individuals will be asked about their investment plans so that employers can deduct taxes in an planner manner till next March. Investors should note that the Centre has numerous opportunities for savings and expenses through … Read more
It is the start of the new financial year from April 1. Since last year, it is mandatory to choose the appropriate tax regime that suits a particular investor. Most taxpayers, especially those with high income or those having several tax-saving investments, prefer the Old Tax Regime. Should you have chosen to adhere to the … Read more
Income Tax Calendar 2024: The new year has started and the Income Tax department has already shared the tax calendar for this year. It is crucial to note the income tax-related deadlines to avoid paying fines and penalties. Usually, the last date to file the Income Tax Return (ITR) for FY 2023-24 (AY 2024-25) without … Read more
The Centre on Friday hiked the interest rates of some of the small savings schemes, such as Sukanya Samriddhi Scheme, 3-year Time Deposit, for the January-March 2024 quarter. In a notification, the Union finance ministry said that the interest rates of most schemes were at the same level, with minor tweaks for the Sukanya Samriddhi … Read more
Income Tax 2024 for senior citizens: When talking about investment options for senior citizens, the first thing that comes to your mind is safe investment schemes with zero risks. There are many government-backed schemes that offer decent returns to senior and super-senior citizens. Some of the prominent ones are Senior Citizens Savings Scheme, National Pension … Read more
In the current market, you can save your income tax as there are various tax savers that are available. However, there are some tax savings plans like NPS, ELSS mutual funds, and Ulips that are also market-based investments but due to non-fixation of the returns, multiple investors find it as one of the causes to … Read more
On the evening of Wednesday, March 31, as the financial year was drawing to an end, the finance ministry issued an order to steeply cut administered interest rates on Public Provident Fund (PPF) and small savings schemes, with effect from the very next day, April 1. For Q1 2021-22, or April-June 2021, it slashed interest … Read more
SSS must turn viable over time, with less government intervention in fund use and gradually linking returns to markets. Synopsis The action to sharply cut interest returns on State-backed small savings schemes (SSS), and a quick correction to reverse it — in what would go down as the fastest rollback of a fairly important government … Read more
The cut in interest rates on small savings schemes of the government has been rolled back. “Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021,” the Finance ministry tweeted today morning. The order … Read more