Corporate Tax rates to be reduced from 30% to 25% over the next four years. This will be done in phases. Exemption to be reduced for corporates in phases with the reduction in corporate tax rate. Concealment of income and assets related to foreign assets to be criminal act and will be subject to imprisonment…
Accidental Insurance of INR 2 lacs at the premium of INR 1 per month from Jan Dhan Yojna Bank account Post Office to be used for Jan Dhan Yojna. Linking of Post Office to the Bank. Atal Pension Yojna for pension system. Welfare Fund for Senior Citizen Universal Social Security System to be set up.…
Following are the dark side of such a good Sukanya Samriddhi Account Scheme: High Lock-in Period – This Scheme has very long lock-in period of 21 years. When it is compared to PPF, it does not look attractive. In PPF, lock in period is 15 years as on date. Variable Interest Rate – Interest rate…