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Income Tax Returns 2024: Senior and super senior citizens are eligible to avail of numerous tax benefits as offered by Income Tax Act, 1961. Some of the prominent ones are the Senior Citizens Savings Scheme, National Pension Scheme, senior citizen bank FDs, ELSS, among others.

The government had, on September 29, increased the interest rate on one small savings scheme by 20 basis points for October-December.

The government has kept interest rates on small savings schemes unchanged, except for 3-year time deposits on which the rate has been hiked by 10 basis points

Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.

Going by the G-Sec yields trend, the interest rates on small savings schemes are likely to be raised, says an expert, Small Savings Schemes: Govt Likely To Hike Interest Rates For January-March 2024

Those who suffer a big disaster in the beginning are lucky. The ones who are the worst off are the maximisers who win a few, then lose a few more, bleeding cash over time, and eventually suffering a slow and deep disaster. This obsessive pursuit of exponential returns through derivatives ends in financial ruin.

As a first step, you should inform his company that he wants to opt for the old tax regime. Several deductions available to you will not be considered under the new regime. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.

Early products focused on tanning. Others roasted you like a chicken. Which of these claims can you remember?

The number of new subscribers to the Employees Provident Fund (EPF) Scheme declined for the third consecutive month to 772,084 in October compared with 926,934 in the previous month, recording its lowest level since the start of the year, according to preliminary data released by the ministry of statistics and programme implementation.

TTE Asha Gangwar denied the charges against her as ‘baseless’. A departmental inquiry is also underway against two of her colleagues who allegedly dragged the passenger to the station master’s office.