Tax Benefits

SBI Income Tax Savings Scheme: Interest Rates, Tax Benefits, And Other Details

Business | NDTV Profit Team | Wednesday April 4, 2018

State Bank of India (SBI)'s tax saving scheme provides tax benefits under section 80C of the Income Tax Act, 1961.

Income Tax Rule Changes For Senior Citizens: How Much Extra Benefit They Get

Business | NDTV Profit Team | Friday April 6, 2018

New income tax benefits for senior citizens: They will get higher interest income exemption limit on deposits in banks and post offices.

Fixed Maturity Plans (FMPs) Vs Fixed Deposits (FDs): Interest Rates, Tax Benefits Compared

Business | Sakshi Denis | Tuesday April 3, 2018

Fixed deposits assure of fixed returns and hence offer more security but experts believe that fixed maturity plans offer higher interest rates.

Key Income Tax Benefits You Can Claim From LIC Policy

Business | NDTV Profit Team | Saturday March 31, 2018

Income tax laws that provide for tax benefits through LIC policies range from Section 10 to Section 80C of the Income Tax Act, 1961.

SBI Tax Savings Scheme Offers Tax Benefits Under Section 80C. 5 Points

Business | NDTV Profit Team | Tuesday March 27, 2018

SBI tax savings scheme does not have any specific rate of interest and the interest is similar to that of term or fixed deposits.

State Bank Of India (SBI) Public Provident Fund (PPF) Scheme: 10 Things To Know

Business | NDTV Profit Team | Thursday March 22, 2018

Public Provident Fund (PPF) is a small savings scheme that offers decent investment returns along with income tax benefits. The interest rate on PPF is decided by the central government every quarter. The current interest rate offered on PPF for the quarter ended March 31 is 7.6 per cent. March 31 is just round the corner and investing in PPF might...

Latest Interest Rates On Post Office Saving Schemes: PPF Vs NSC Vs Recurring Deposit (RD)

Business | NDTV Profit Team | Friday March 9, 2018

The Department of Posts offers nine post office saving schemes that offer savings and income tax benefits to depositors.

National Pension Scheme Gives Extra Tax Deduction of Rs 50,000. What Are Other Tax Benefits?

Business | NDTV Profit Team | Wednesday March 7, 2018

NPS or National Pension Scheme is a pension scheme in which an individual contributes towards his retirement account.

Post Office Savings Schemes That Offer Income Tax Benefits

Business | NDTV Profit Team | Wednesday March 21, 2018

Apart from many banks, post offices also offer the popular tax-saving scheme PPF, which qualifies for EEE (exempt-exempt-exempt) benefits under tax laws.

Income Tax Benefits On Education Loan Repayment: 5 Things To Know

Business | Friday February 23, 2018

The income tax deduction on education loan is only available for up to eight years or until the payment of interest in full, whichever is earlier.

State Bank Of India (SBI) Public Provident Fund (PPF) Accounts: 10 Points

Business | NDTV Profit Team | Thursday February 15, 2018

State Bank of India, the largest lender in the country allows customers to invest in public provident fund (PPF) accounts. SBI allows customers to open PPF accounts under the Public Provident Fund (Amendment) Scheme, 2016. The scheme was introduced by the National Savings Organization in 1968 to mobilize small savings. It offers an investment avenu...

Gains From ELSS Mutual Funds Will Not Be Tax-Free From April 1: 5 Points

Business | NDTV Profit Team | Tuesday February 13, 2018

ELSS funds have a lock-in period of three years, the shortest among the instruments that qualify for income tax benefits under Section 80C.

NPS: New Income Tax Benefits, Withdrawal Rules And Other Details

Business | NDTV Profit Team | Thursday February 15, 2018

An employee contributing to the NPS is allowed an exemption in respect of 40 per cent of the total amount payable to him or her on closure of account or on opting out. This exemption will now be available to non-employee subscribers.

More Income Tax Benefits On Health Insurance Policies: 5 Things To Know

Business | NDTV Profit Team | Sunday March 25, 2018

Income tax deduction will be allowed on a proportionate basis for the number of years for which a health insurance cover is provided.

Government Could Announce Tax Sops For Electric Vehicles In 2018 Budget

PTI | Sunday January 28, 2018

The Centre may dole out incentives to promote electric vehicles in the country by considering lower GST and extending tax benefit for buyers in this week's Budget for 2018-19, say sources. The announcement is expected in view of the government's aim to have 100 per cent electric vehicles for public mobility and 40 per cent for personal mobility by ...