Permanent Account Number commonly called PAN is one of India’s official documents of identity proof which is used by all the income-earning individuals or non-individuals. Also, it can be further accessed by the students who are above 18 years of age. The government of India has made it mandatory for all the individuals to possess…
Public Provident Fund is a Government-backed saving scheme which also offers tax-rebate under section 80C. The interest payable on PPF account is revised and paid by the government for every quarter. For October – December Q3 FY 2024-25, the applicable interest rate is 7.1%. PPF accounts can be opened with nationalised banks, major private banks such…
Sukanya Samriddhi Yojana is a small saving scheme regulated by the Indian Government for the welfare of the girl child. The accounts under Sukanya Samriddhi Yojana can be opened with different banks in India. These banks are given the authority by the Indian Government to open SSY accounts with a minimum deposit of Rs.250. The…
In light of the extraordinary situation resulting from the COVID-19 lockdown measures, the Finance Department has released an ordinance on 31st March 2020 providing relaxation in various aspects of the Direct and Indirect Tax regimes. One of these announcements extends tax saving investments for FY 2019-20 till 30th June 2020. This can greatly benefit many…
