[ Public Provident Fund: The Public Provident Fund (PPF) is popular because of its attractive interest rates and tax benefits, especially for small savers. You can deposit as little as Rs 500 or up to Rs 1.5 lakh annually in a PPF account.PPF provides tax exemption under section 80C of the Income Tax Act, and … Read more
[ NEW DELHI: Income Tax Department has imposed a penalty of Rs 103.63 crore on Tata Chemicals for violation related to disallowance of interest. In a regulatory filing on Thursday, Tata Chemicals said it has received an order from National Faceless Assessment Centre, Income Tax Department, levying a penalty of Rs 103.63 crore under Section … Read more
[ NSC interest rate: The National Savings Certificate (NSC) is a popular savings tool backed by the government. It offers guaranteed returns and tax benefits, making it attractive to conservative investors seeking low-risk options for steady income. As the latest interest rates for various small savings schemes like PPF, Senior Citizen Savings Scheme, and Sukanya … Read more
[ Senior citizen tax-saving FDs: As you age, it’s best to pick safer investments, experts say. That’s why many senior citizens like putting their money in stable options like bank fixed deposits (FDs). Plus, investing in five-year tax-saving bank FDs gives you tax perks. However, it is important to note only those who stick with … Read more
