On Mother’s Day 2025, you can give a valuable financial gift to your mother. This would not only make her feel happy but would also offer financial security at the same time. These financial gifts could range from Public provident fund (PPF), fixed deposit (FD), ULIP and mutual fund SIP. Let us understand each of … Read more
Conservative investors typically look for investment opportunities in safe investment instruments where they not they only earn assured returns but also claim income tax deductions. Some of the tax-saving instruments wherein investors can invest into include public provident fund (PPF), monthly income scheme (MIS), time deposit, senior citizens savings scheme (SCSS), Sukanya Samridhi Yojana Account … Read more
As the new finance year (2025-26) has kicked off and majority of salaried individuals are likely to go with new tax regime. They tend to believe that they have a lower incentive of investing in tax-saving instruments such as Public Provident Fund (PPF). It is important to note that investment in PPF may not give … Read more
My wife’s PPF will mature in April. She wants to transfer ₹23 lakh to my senior citizen savings account and balance ₹7 lakh to our daughter. What will be the tax position implications for all of us? As from April, interest will be earned in my name. I should and will be liable to pay … Read more
If you are contemplating investing in either fixed deposit (FD) or a small savings scheme, then it is advisable to compare their returns along with other benefits they offer. Typically, a fixed deposit (FD) offers anywhere between 6.7 to 7 percent per annum to depositors whereas other tax saving schemes offer slightly higher. For instance, … Read more