PPF and other small savings schemes set for interest rate cut

PPF has fetched 8% interest rate since October Senior Citizens Savings Scheme and Sukanya Samriddhi account may continue to fetch higher interest rates than other small savings schemes

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Five PPF rules you may not be aware of

PPF accounts can be extended beyond 15 years, with or without making further contribution Partial withdrawal is allowed from PPF accounts and while premature closure is allowed in specific cases

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House Rent Allowance Vs Home Loan: Which is the smart tax option?

Taxpayers would like to know their entitlement to deductions towards the payments for housing accommodation and their entitlement for house rent exemption. Here's how the tax works out.

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Fixed Deposit: 5 key things to look at while investing in FDs

When you invest in an FD, the principal amount is invested at a fixed interest rate and you gain interest on your deposits, which accrues and grows over time.

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Now, pay income tax on cumulative cashbacks above Rs 50,000

If one fails to declare such ‘income’ in the ITR, it could lead to reassessment under Section 147 of the Income Tax Act.

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Keep your date with filing income tax returns

The process has become almost entirely electronic. You must use the correct forms and report the exact details of income as well as deductions

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LIC earns Rs23,600 cr of profit from its equity investment in 2018-19,total assets exceed Rs 30 trillion

As per the provisional accounts prepared, the corporations’s total premium income- new premium and renewal premium- was Rs3,37.200crore showing a growth of 6.08 per cent while the total benefits paid amounted to Rs2,50.900 crore growing by as much as 26.62 percent.The corporation had mobilised a total new premium of Rs41,086.31crore in 2018-19

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 ITR Filing: 5 benefits of filing income tax returns you may not be aware of

Filing ITR on time is beneficial in many ways while keeping you tax-compliant. Here's all you need to know.

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Salaried employee? Encashed leave? Know if you have to pay Income Tax

As per the Income Tax rules, leave encashment is taxable as a salary if you receive it while in service.

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