Sec 80C

Submitting Income Tax Proof to Employer – Guidelines, Dos & Don’ts

Submit Tax Proof to Employer - Guidelines, Dos & Don’ts

It’s time of the year when everyone including your employer is worried about your taxes. Most people would have received mail from their Accounts department about “submission of proofs for investments done to claim income tax exemption”. In case you have not, it might be on its way. This post helps you understand why salaried …

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Voluntary Provident Fund – A Good Tax Saving Retirement Option!

VPF - A Good Tax Saving Retirement Option

Retirement planning is one of the most important financial goals in life of a person. Most of us have heard about Employee Provident Fund (EPF) and (Public Provident Fund) PPF for building retirement corpus but do you know how can you leverage Voluntary Provident Fund (VPF) to add zing to your corpus? What is Voluntary …

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Senior Citizens’ Savings Scheme: Excellent Investment for Tax Saving & Regular Income

Senior Citizens Savings Scheme for Regualr Income and Tax Saving

Senior Citizens’ Savings Scheme (SCSS) is one of the best fixed deposit schemes for Retired Senior Citizens as its safe (backed by Government of India), has assured quarterly payments, gives tax benefit and easy to handle. This post provides details of rules and regulations for SCSS. Who can open SCSS? As the name states, anyone …

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NSC (National Saving Certificate)- Tax Benefit, Interest Rates & more…

Save Tax - Invest in NSC

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 April to June 2019 quarter) NSC gets 8.0% …

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