The Department of Public Enterprises has issued an Office Memorandum (O.M.) to all administrative ministries and departments of the Government of India including the Chief Executives of Central Public Sector Enterprises on Ja
Even though the interest rate in NSC is higher, compared to 5-year tax-saving bank FD and PO 5-year time deposit, if your requirement is to get a regular income, you will have to choose between bank FD and PO Time Deposit.
PF Tax Benefit: The maximum limit of Section 80C is Rs 1.5 lakh per financial year and there are several investments, expenses including PF contributions of an employee that are eligible for tax benefit under this Section.
The Government Savings Certificates Act, 1959 and Public Provident Fund Act, 1968 have been merged with the Government Savings Banks Act, 1873 and all of them will now come under the Government Savings Promotion Act
Budget 2020 Income Tax: As per the current slab rates, individuals below 60 years of age, earning between Rs 2.5 lakh and up to Rs 5 lakh are required to pay tax at the rate of 5 per cent in excess of Rs 2.5 lakh.
Both Migration and Portability are important when a policyholder seeks to migrate from one insurance plan to another or from a group insurance cover to an individual cover of the same insurer or another insurer.