On 21st Apr-15, Govt. linked the the interest rates of State PFs (GeneralProvident Fund and other similar funds) including Special Deposit Scheme, 1975 (SDS, 1975)for Non-Government Provident, Superannuation and Gratuity Funds for the FY 2015-16 toPublic Provident Fund (PPF) rates. Therefore, for FY 2015-16, interest rate of 8.70% will be applicable on above mentioned scheme as…
In Post Office, any individual with age more than 60 years can invest in Senior Citizen Savings Scheme (SCSS). SCSS gives better returns than other investment options. 80C deduction is also available on this deposit. Silent features of this scheme is as follows: From 1st Apr-2015, interest rates is 9.30% per annum. This is highest interest…
A salaried person who is in receipt of HRA from his/ her employer can save tax by claiming exemption of rent paid by him/ her. People usually finds it difficult to understand. I will try to make it more clear HRA is always calculated on monthly basis. It means if you are not paying rent…