When it comes to retirement planning in India, you might have heard a lot about PPF or Public Provident Fund. You might have surely got suggestions by your elders or friends to open a PPF or Public Provident Fund Account. One of the most common ways to invest your monthly savings! So, here we shall be … Read more
Fixed Deposit is a financial instrument that provides the opportunity to invest your money for a particular period of time and you earn fixed interest over your invested amount. You can open a Fixed Deposit in a bank and enjoy a fixed rate of return based on the type of Fixed deposit and the tenure for … Read more
Following are the Income Tax Deductions Under Chapter VI A of The Income Tax Act :- U/s 80C – Contribution towards PPF,Voluntary PF, Life Insurance premiums, Tuition fee, Sukanya Samriddhi Scheme, Home loan Principal Repayment, ELSS, NSC,Tax saving FDs,Infrastructure Bonds etc. For further details on Sec 80 C refer Tax Deduction U/s 80 C – What are Eligible Investments … Read more
Public Provident Fund (PPF) has been the most common long term investment option for various sections of people since ages.This is because of fixed returns and the tax benefit attached to it. To have a deeper insight you can refer : PPF Account,PPF Interest rate,PPF Rules – The Ultimate guide ! The government however launches … Read more