NSC (National Saving Certificate) is popular tax saving investment under section 80C. It has maturity of 5 years and is guaranteed by Government of India. This post lists the significant features of NSC, tax benefit, taxation, loan available, etc Interest Rate on NSC: As of today (for October to December 2018 quarter) NSC gets 8.0% […] Continue reading →
The tax season is here and I have started getting mails and comments asking for the “Best Tax Saving Investments”. Unfortunately there is no straight answer to this. The best investment is different for different people and is aligned with their return expectations, risk taking ability, personal circumstances, and alignment with their financial goals among other […] Continue reading →
The Interest Rates on Small Saving Schemes like PPF (Public Provident Fund), SCSS (Senior Citizens Saving Scheme), NSC (National Saving Certificate), Monthly Income Scheme (MIS), Post Office Recurring Deposit (RD) and Post Office Term Deposits have been cut by 0.1%. However the interest rate on term deposit for 1 Year and the Post Office Savings account have remained […] Continue reading →
We know that we can save taxes by investing in various instruments. But a few days back I got queries on whose name can various investments eligible for tax saving investment be done. There are people who want to invest in their wife’s or child’s name or jointly and claim tax exemption on the same. […] Continue reading →