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Source: Live Mint As the new finance year (2025-26) has kicked off and majority of salaried individuals are likely to go with new tax regime. They tend to believe that they have a lower incentive of investing in tax-saving instruments such as Public Provident Fund (PPF). It is important to note that investment in PPF…
Source: Live Mint PPF news: Public Provident Fund investors are in for a good news this new financial year! From now on, you do not have to pay any fees if you want to update or modify your nominee details in your PPF account. The new PPF rule comes as part of some changes made…
Source: Live Mint Income Tax: If you are planning to opt for old tax regime at the time of filing your income tax return (ITR) in July this year for FY 2024-25, it is important to remember that the last date to invest in tax-saving instruments is March 31 i.e., Monday. If you also intend…
Source: Live Mint With the financial year nearing its end, Indian taxpayers are seeking good investments that not only give returns but also enjoy reasonable tax exemptions. Here are five primary income tax-saving investment plans that can get you fit financially and enable you to maximise tax returns. Public Provident Fund Public Provident Fund (PPF)…
Source: Live Mint Mutual Funds: As we inch closer to the end of the financial year, many investors might be considering investing in equity-linked savings schemes i.e. ELSS mutual funds. The reason why they invest in ELSS mutual funds shouldn’t come as a surprise for two reasons. One, they offer inflation-beating returns and two, among…
Source: Live Mint The prevailing interest rate for public provident fund (PPF) is currently 7.1%, but there’s a way to earn even more. Deposits made before April 5 can earn you a higher interest rate. Therefore, investors planning to contribute to PPF for the financial year 2024-25 should aim to make deposits before April 5…
Source: Live Mint While the Public Provident Fund (PPF) has lost some of its sheen over the years as interest rates have slipped gradually — 7.1% at present — several investors still prefer it given the tax benefits it offers, the safety of government backing and stability as a debt investment. Although the PPF has…
Source: Live Mint Income Tax: Last two weeks are left to invest in tax saving instruments to be able to claim tax deduction for FY 2024-25. So, if you have opted for the old tax regime or plan to opt for it at the time of filing your tax return – you should invest in…
Source: Live Mint With financial year 2024-25 soon coming to an end, only three weeks are remaining before the taxpayers can invest in the tax-saving instruments such as PPF, NSC, KVP, SSY and SCSS. Taxpayers who wish to claim income tax deduction must invest in these instruments before March 31. Where can taxpayers invest to…
Source: Live Mint If you want to invest in tax saving instruments such as PPF, NSC, SSY and NPS, it is important to do it within the right timeframe. Those taxpayers who want to claim tax benefits for financial year 2024-25 must do it before March 31, 2025., failing which they will not be able to claim…
