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Tax implications of earning 7 4% interest on post office monthly income scheme

India Business News: India Post's POMIS offers diverse investment opportunities with collections reaching Rs 20,000 crore. It caters to various investors and specifies max

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Don t Settle For Low Rates! Discover 10 High-Interest Govt Savings Schemes, Check Benefits Here

Has the central government increased the interest rate on small savings schemes for January-March 2024? Know latest savings schemes interest here

Vikas patraPublic provident fund schemeOffice savings accountNational savings time depositPublic provident fundNational savings monthly income account schemeNational savings certificateOffice savingDefence servicesSavings schemes interest ratesIncome taxMonthly income accountSavings time depositTime deposit accountsTime depositCitizens savings

Budget 2024 can hike savings account interest deduction to Rs 50,000 from Rs 10,000

An individual opting for old tax regime is eligible to get deduction under Section 80TTA for the interest earned from savings bank account as well as post office savings account. However, since this deduction has been introduced, the amount of deduction has been kept unchanged. There is a need to hike this deduction in the interim budget 2024.

Union budget onUnion budgetIncome tax actHindu undivided familySavings account interestTax deductionBudget 2024Section 80ttaPost office savings account

New rules for Post Office Savings Schemes: Key changes to PPF, POTD, POMIS, SCSS and more

India Business News: The Indian government made important changes to its small savings schemes in 2023, introducing a new scheme, adjusting investment limits, and changing

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Was National Savings Certificate interest rate hiked for January- March 2024 quarter? Check latest NSC rate

The government has raised the interest rates on certain small savings schemes for the fiscal quarter ending March 31, 2024.

Office savingsSenior citizens savings schemeMahila samman savingsGazetted officerPost office savings accountNational savings certificateNsc interest rateNsc interest rate hikeNsc maturityNsc premature

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