Banks currently offer high interest rates on fixed deposits, enticing more people to invest in them. However, it’s important to know that fixed deposits come with some disadvantages. While they offer good returns with no risk, the returns are taxable, and the post-tax returns are much lower than advertised. Additionally, there are better options than … Read more
The Atal Pension Yojana is a scheme offered by the Central Government that provides a monthly pension of Rs. 5 thousand. This pension is intended to provide financial security to workers in the unorganized sector after they retire, as they do not have access to such pension facilities. To join the scheme, unorganized sector workers … Read more
Income Tax Department Section 80C, 80G and 80GGA Offered various tax benefits on donations to charitable organizations; everyone must be aware of the Section 80C, 80G and 80GGA Acts before clime tax benefits. Many people may not be aware that donors can avail themselves of tax saving benefits on donations. The Indian Income Tax Act’s … Read more
The Tata Group is no exception to this trend, and investors are anxiously waiting for a series of IPOs from the TATA group in the next 2 to 3 years. Investors eagerly await IPOs in the stock market, as they often offer bumper returns in the listings themselves. According to some executives related to this … Read more
A PAN card is considered one of the most crucial documents for Indian citizens. It is mandatory for various transactions like opening a bank account, buying a vehicle, or purchasing any property. However, it is important to take necessary precautions while using the PAN card; otherwise, you may be fined up to Rs. 10,000. One … Read more
The central government is implementing various schemes to benefit almost every section of society, including pension schemes that provide financial security for old age. Four such schemes are Atal Pension Yojana, Mandhan Yojana, Jeevan Jyoti Bima Yojana, and Pradhan Mantri Vaya Vandana Yojana. Atal Pension Yojana allows you to invest between the ages of 18 … Read more
The Life Insurance Corporation of India (LIC) recently launched a new policy that combines insurance coverage with investment opportunities. The policy, named LIC Index Plus Policy, offers double benefits and is available to anyone under 60. By taking this policy, you can receive up to 10 times insurance coverage and the possibility of wealth growth. … Read more
The PAN card is a crucial document that serves as proof of identity for income tax purposes. It is mandatory for filing income tax returns and needs to be verified. The verification process can be completed online. The PAN card has a unique 10 digit alphanumeric number issued by the IT department and is valid … Read more
Many people are interested in investing in small savings schemes, such as Post Office Schemes Investments. These schemes offer attractive interest rates with government backing, guaranteed returns, and a significant tax reduction. Several schemes are available from the central government, including the Public Provident Fund (PPF) for employees, Sukanya Samriddhi Yojana for girls and recurring … Read more
Aadhaar and PAN cards are considered to be very important documents as they serve as ID proof when needed. However, it is not practical to carry them physically with you at all times. To address this, the government has introduced DigiLocker, a digital platform that enables the storage of all government-issued documents, including Aadhaar, PAN … Read more