Small savings may be rewarding
Updated:
Updated:
May 23, 2021 21:42 IST
With the possibility of a downward revision in rates looming, it’s time to consider your options here
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With the possibility of a downward revision in rates looming, it’s time to consider your options here
We are all aware of the flurry of activity that happened at the start of the current financial year: interest rates on Small Savings Schemes, of which the Post Office Schemes are a part, were reduced drastically through a government notification, on March 31.
The very next day, the order was withdrawn and the erstwhile rates were maintained.
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Updated Feb 27, 2021 | 05:58 IST
Section 80C of the Income Tax Act includes various investments and expenses you can claim deductions on – up to the limit of Rs. 1.5 lakh in a financial year 5 tax saving schemes with guaranteed returns up to 7.6%
New Delhi: Tax planning is extremely important and the best time to start planning your tax-saving investments is at the beginning of the financial year. Most taxpayers procrastinate till the last quarter of the year, resulting in hurried decisions. Instead, if you plan at the start of the year, your investments can compound and help you achieve long-term goals. The most popular tax-saving options available to individuals and HUFs in India are under Section 80C of the Income Tax Act.
5 tax-saving investments which offer guaranteed returns
If you are a conservative investor and your idea of investing in tax-saving instruments is not to earn huge returns by taking high risk, here is a list of investment options under Section 80C that offer guaranteed returns
Tax-saving deposits by banks come with a lock-in of five years
A little over a month is left to plan your tax-related investments under Section 80C for the financial year 2020-21. If you are a conservative investor and your idea of investing in tax-saving instruments is not to earn huge returns by taking high risk, here is a list of investment options under Section 80C that offer guaranteed returns. Most of these schemes are backed by the government.
Updated Dec 18, 2020 | 09:31 IST
Here s a comparison between SBI WECARE Senior Citizens Term Deposit scheme and Senior Citizen Savings Scheme (SCSS) to help you choose the better investment option SBI special FD vs Senior Citizen Savings Scheme: Which one should you choose
New Delhi: Retirement planning is one of the key financial moves that everyone needs to make to ensure that they are financially stable after retirement. You need to save and invest enough to ensure that your retirement corpus is large enough for you to maintain your lifestyle even after retirement.
Bank fixed deposits (FDs) and the Senior Citizen Savings Scheme (SCSS) is the ideal investment opportunities, keeping the long-term stability aspect and added additional benefits into consideration.