PPF and SSY: Investors of small savings schemes should note that there will be new rules applicable from October 1, 2024, which is the start of the third quarter of the current financial year. Earlier this week, the Department of Economic Affairs under the Union Ministry of Finance issued a circular with details about the new … Read more
The shift to the new tax regime, now adopted by nearly 70 per cent of taxpayers, has impacted the government’s small savings schemes with lower collections, sources say. Popular schemes such as the Public Provident Fund (PPF), Sukanya Samriddhi Account (SSA), and National Savings Certificate have experienced a “significant” drop in both collections and subscriber … Read more
The Centre on Friday kept the interest rates of all small savings schemes unchanged for the July-September quarter of FY2025. In the last quarter too, the government kept the interest rates unchanged for the April-June quarter ahead of the Lok Sabha elections. In a notification, the Finance Ministry said: “The rates of interest on various … Read more
The Centre did not revise the interest rates of small savings schemes for the first quarter (April-June) of FY25. Post office schemes comprise the Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Senior Citizen Saving Scheme (SCSS), Term Deposits, Post Office Monthly Income Scheme (POMIS), and more. In a memorandum issued on March 8, the … Read more
Dear Sir, I have recently started my investment journey. Please let me know if there are any must-haves in the portfolio. Swati Reply by Rajiv Bajaj, Chairman & MD, BajajCapital Five must-have schemes for every person who is planning to lead a disciplined and resilient life full of confidence are: 1. Mutual Fund SIPs (Systematic … Read more
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