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The Public Provident Fund (PPF) is a voluntary savings-tax-reduction social security instrument in India, [1] introduced by the National Savings Institute of the Ministry of Finance in 1968. The scheme's main objective is to mobilize small savings for social security during uncertain times by offering an investment with reasonable returns ...
The benefit under Section 80C, Section 80CCC and Section 80CCD(1) is capped at ₹1,50,000 as per 80CCE. Additional investment of up to ₹50,000 under Section 80CCD(1B). This is over and above tax benefit under Section 80C; and is exclusive to NPS. [49] Employer co-contribution up to 10% of basic and DA under Section 80CCD(2) in the Old Tax ...
The holder gets the tax benefit under Section 80C of Income Tax Act, 1961. [ 1 ] [ 2 ] Other similar government savings schemes in India include: Public Provident Fund (PPF), Post Office Fixed Deposit, Post Office Recurring Deposit, etc. [ 3 ] The certificates were heavily promoted by the Indian government in the 1950s after India's ...
Dial thermometers come in both instant-read and oven-safe types, with the latter providing a constant temperature reading throughout cooking. For cooking turkey, digital instant-read thermometers ...
The Board administers a contributory provident fund, pension scheme and an insurance scheme for the workforce engaged in the organised sector in India. [9] The board is chaired by the Union Labour Minister of India. Presently, the following three schemes are in operation under the Act: Employees' Provident Fund Scheme, 1952
The cozy slippers that are 'just like UGGs but at a great price' are down to $24
A Massachusetts man was caught in the middle of some “Santa-antics” and got stuck in a chimney while trying to evade police executing a search warrant on his home.
Penalties can be levied under §271(1)(c) [23] for concealing or misrepresenting income. Penalties may range from 100 to 300 percent of the tax evaded. Under-reporting or misreporting income is penalized under §270A. Penalties are 50 percent of the tax on under-reported income and 200 percent of the tax on misreported income.