sukanya samriddhi yojana

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

Which one is better Mahila Samman Savings Certificate or Sukanya Samriddhi Yojana; check investment details, deadlines  

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Which one is better Mahila Samman Savings Certificate or Sukanya Samriddhi Yojana; check investment details, deadlines  

The Mahila Samman Savings Certificate (MSSC) and the Sukanya Samriddhi Yojana (SSY) are two financial schemes designed to cater primarily to the savings needs of women and girls. The MSSC is a short-term savings option aimed at providing a risk-free investment avenue with stable returns. On the other hand, the SSY, launched in 2015 under … 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

Children’s Day 2024: Investment plans for securing child’s future — SSY, NPS Vatsalya, MFs, PPF, bank FDs  

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Children’s Day 2024: Investment plans for securing child’s future — SSY, NPS Vatsalya, MFs, PPF, bank FDs  

Children’s Day and investment tools: Parents often focus on ensuring a secure future for their children. It is crucial to make wise investments in order to achieve financial stability as they age. While navigating the world of finance may appear intimidating, following a systematic and disciplined approach can lead to significant wealth accumulation for individuals. … Read more

Should you invest in Sukanya Samriddhi Yojana, NPS Vatsalya or mutual funds for your girl child?

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Should you invest in Sukanya Samriddhi Yojana, NPS Vatsalya or mutual funds for your girl child?

When it comes to investing for your daughter’s future, the options can be many. Should you opt for Sukanya Samriddhi Yojana (SSY), National Pension System Vatsalya (NPS Vatsalya), or mutual funds? Each investment avenue offers unique benefits and considerations. While SSY is a government-backed scheme providing tax benefits and a guaranteed return, NPS Vatsalya offers … Read more

Mahila Samman Savings Certificate V/S Sukanya Sammridhi Yojana

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The Mahila Sanman Reserve Funds Endorsement and Sukanya Samriddhi Yojana are two government-supported reserve funds plans to engage ladies and get the eventual fate of young lady kids in India. While the Mahila Sanman Reserve funds Declaration offers a momentary venture choice with tax reductions explicitly for ladies, the Sukanya Samriddhi Yojana is a drawn-out … Read more