Also, SCSS has the shortest lock in of 5 years compared to most other government schemes. Additionally, it is an excellent tax saving plan. Therefore in this section, we are comparing SCSS to other saving schemes suitable for retirement, generating guaranteed returns, and offering tax benefits...
have a lock-in of 3 years, the short-term capital gains are not applicable to them. However, they qualify for long term capital gains. All long-term capital gains above INR 1 lakh are taxable at 10%. Hence investors have to consider the taxability of the returns before investing in ...
ELSS, or Equity Linked Saving Schemes, are mutual funds that invest in equities and allocate some funds to the debt market. They are categorised as tax-saving mutual funds that fall under Section 80C of the Income Tax Act. Under this act, ELSS funds allow you to claim deductions of up ...
4) There are several NCDs being offered by the corporates where your money can get doubled in 7-9 years time frame. However, these are high risk. Investment in Post Office Kisan Vikas Patra (KVP) would be doubled in 113 months as per new interest rates of Post office schem...
Tax Saving Schemes: Make Investment in ELSS mutual fund, NPS (Pension Plan), Health & Term Insurance to save tax up to ₹78,000 under section 80C,80CCD & 80D.
Ministry of Finance has not changed any interest rates for Small Saving Schemes. Recently SBI started increasing FD rates and others banks are also following. This gives an indication that interest rates may be up in future. What are the latest post office interest rates for April 2018...
With Paytm Money, invest in ELSS mutual funds & save taxes under section 80C of Income Tax. Choose from top performing ELSS tax saver schemes of 2024.
A brief about NRIs banking in India and the product offering like Saving & current account (NRE & NRO), Fixed Deposit Schemes (NRE, NRO, FCNR) and Loans (Home, Personal, Car, etc) by SBI, ICICI, HDFC Bank, etc
Equity markets are at an all-time high and many investors are feeling jittery. For them, financial advisers are recommending Equity Saving Funds or Equity Saving Schemes (ESS) so they one does not miss a rally in equity markets and at the same time be safe from the downside. Arelativelylow...
Savings Scheme - Find latest articles, news and updates of government schemes, public and private bank schemes related to savings and interest rates.