Fri, Jun 07, 2024
Senior Citizen Savings Scheme (SCSS) is a small savings, guaranteed return scheme run by the post office, where senior citizens get 8.20 per cent yearly interest. The non-market-linked scheme has a lock-in period of five years, where one makes a one-time investment to get a quarterly income in the form of interest. The minimum deposit in the scheme is Rs 1,000 and in multiples of Rs 1,000, while the maximum deposit is Rs 30 lakh. One gets the principal amount back on maturity.
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Mon, Jan 22, 2024
The old tax regime gives you the benefit of saving tax under Section 80C and many other sections of the Income Tax Act. Taxpayers use these options to save their tax considerably. But, today we will tell you about 5 methods which are not very popular but may help you save tax to a great extent.
Wed, Jun 01, 2022
Under Section 80C, a taxpayer can lower their overall taxable income by a maximum of Rs 1.5 lakh per year. As there is a limit of Rs 1.5 lakh per year, most taxpayers wish to reduce their taxes. here know What is Income Tax Section 80C.
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