Senior citizens in India can avail themselves of several income tax benefits to reduce their tax liability for the financial year 2024-25. Here are some key provisions: 1. Higher Tax Exemption Limits: 2. Deductions Under Section 80TTB: Senior citizens can claim a deduction of up to ₹50,000 annually on interest income from savings accounts, fixed …
Introduction: Public Provident Fund (PPF) stands as a stalwart in the realm of investment and savings options, offering a secure and lucrative avenue for individuals to grow their wealth while enjoying tax benefits. Established by the Indian government, the PPF scheme has become a cornerstone for long-term financial planning for millions of individuals. In this …
Understanding the Power of PPF: Features and Benefits Read More »
The Public Provident Fund is a government-backed savings scheme introduced in 1968 with the objective of promoting small savings among citizens and ensuring financial security during retirement. Administered by the Ministry of Finance, PPF offers an attractive interest rate, compounded annually, and comes with a lock-in period of 15 years. However, investors have the flexibility …
Public Provident Fund, PPF, Basics about PPF, Features PPF Account Read More »
