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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 ...
The stanches of bonds were available for purchase for 10 days in the months of January, April, July, and October with an additional time-frame of 30 days in the year of general elections for Lok Sabha. [6] [7] [19] Electoral bonds featured anonymity since they bore no identification of the donor and the political party to which they were issued ...
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 ...
Here are some of the best options available: 1. Traditional IRAs and 401(k)s ... individuals in higher tax brackets looking to generate tax-free income. Investing in municipal bonds not only ...
In many cases, it could make sense to go with a lower-yielding tax-free bond than a high-yielding traditional bond, because the after-tax yield on the muni bond is ultimately higher.
Pages in category "Government bonds issued by India" ... Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Nominal one per cent central excise duty on 130 items entering the tax net. Earlier there were 370 items which were under the bracket of state VAT but were exempted from Central Excise. Out of these 130 come under the bracket from now. Rest are expected to be included from the induction of GST; Defence budget hiked to ₹ 1,640 billion (US$20 ...
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