Public Provident Fund

I want to invest for my child’s future and studies with tax-efficient options falling under EEE and ELSS categories

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I want to invest for my child’s future and studies with tax-efficient options falling under EEE and ELSS categories

To secure a bright future for your child, it is essential to make savvy investment decisions that not only enhance their savings but also mitigate tax obligations. Are you aware of any tax-efficient investment options falling under the EEE (Exempt-Exempt-Exempt) structure and equity-linked savings schemes that provide substantial tax advantages? Advice by Niyati Shah, Vertical … Read more

Tax saving for FY25: Tax-Saving FDs offered by banks vs PPF, SCSS for financial year-end planning

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Tax saving for FY25: Tax-Saving FDs offered by banks vs PPF, SCSS for financial year-end planning

As the financial year 2024-25 approaches its conclusion, many investors are evaluating tax-saving options to optimise their portfolios. Among the popular choices are fixed deposits (FDs), Public Provident Fund (PPF), and the Senior Citizens Savings Scheme (SCSS), all of which are eligible for deductions under Section 80C of the Income Tax Act, 1961. These instruments … Read more

March 31 tax deadline: ELSS or tax-saving funds can help you save Rs 1.5 lakh under Section 80C. Should you go for it?

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March 31 tax deadline: ELSS or tax-saving funds can help you save Rs 1.5 lakh under Section 80C. Should you go for it?

As the financial year draws to a close on March 31, taxpayers are focusing on maximising their savings through investments under Section 80C of the Income Tax Act. Among the various options available, Equity Linked Savings Schemes (ELSS) stand out as a favourable choice for both tax savings and potential long-term wealth creation. Under Section … Read more

ITR filing 2025: Not Rs 12.75 lakh, this is the tax-free income for AY2025-26; check details

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ITR filing 2025: Not Rs 12.75 lakh, this is the tax-free income for AY2025-26; check details

ITR filing 2025: The NDA government 3.0 introduced a major income tax relief for the salaried class in the Union Budget 2025. Union Minister for Finance and Corporate Affairs Nirmala Sitharaman announced that individuals will not have to pay any income tax on total earnings up to Rs 12 lakh. This translates to an average monthly … Read more

Money, taxes: UAN activation last date, tax-saving deadline — check March’s financial calendar 

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Money, taxes: UAN activation last date, tax-saving deadline — check March’s financial calendar 

As March 2025 approaches, significant financial deadlines demand the attention of investors and taxpayers alike. Among these, the Employees’ Provident Fund Organisation (EPFO) has granted an extension for activating the Universal Account Number (UAN) and seeding Aadhaar with bank accounts until 15th March 2025.  This extension, crucial for accessing benefits under the Employee-Linked Incentive (ELI) … Read more

Unified Pension Scheme: Centre to give assured payouts to these employees. Check details

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Unified Pension Scheme: Centre to give assured payouts to these employees. Check details

With barely a week left for  Budget 2025, the finance ministry has officially introduced the Unified Pension Scheme (UPS) as an alternative for central government employees enrolled in the National Pension System (NPS). The government has specified that the Unified Pension Scheme (UPS) will now be available for Central Government employees who are currently participating … Read more

Budget 2025: Higher deductions, lower tax outgo – taxpayers, experts expect revised tax slabs, tax relief

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Budget 2025: Higher deductions, lower tax outgo – taxpayers, experts expect revised tax slabs, tax relief

Budget expectations: Finance Minister Nirmala Sitharaman is set to unveil the Union Budget on February 1, 2025, a highly anticipated event for taxpayers nationwide. The segment on income tax is of particular interest, as individuals eagerly await any potential changes that could offer relief. Speculation for this year’s budget centers around possible modifications to tax … Read more