What is PPF (Public Provident Fund)? PPF stands for Public Provident Fund which is backed by Indian Government. It is the most common investment for a number of decades. Its features like guaranteed return, tax exemption under section 80C as well as tax free interest under section 10(11) makes it
National Saving Certificate, commonly known as NSC, is saving bonds issued by Indian Government to individuals only. It is primarily focused on small savings. Also, the amount invested in NSC, can be claimed as tax deduction investment u/s 80C of Income Tax Act, 1961 subject to limit specified. Features of
Ayushman Bharat or PMJAY is a scheme of National Health Protection Mission Council. It is a social health insurance scheme for the general citizens of India. Ayusham Bharat scheme was announced in the 2018-19 budget and subsequently approved by the Cabinet on 21st March 2018. As announced by our Prime
Peer to Peer lending (P2P) concept although new to the Indian investors and borrowers, gaining popularity at a rapid pace. The complex and time consuming processes by banks and strict conditions is increasing the interest of common people in it. The loan is in nature of unsecured personal loan and can be
Mutual funds is a trust that is managed by the professionals, whose main task is to gather funds from different investors & further invest them in various securities such as bonds, stocks, precious metals, etc. The funds are invested in such a way that the losses can be easily compensated
Sukanya Samriddhi Yojana (SSJ) was notified on 2nd December 2014 by the Central Government of India. This scheme is launched to tackle the basic problem associated with the girl child in the Indian community i.e. marriage and education. SSY is a scheme for systematic investment by the parents of the
One of the best way to save income tax is to utilize the deduction available under section 80C. The current maximum threshold limit is Rs. 1,50,000 for Individuals and HUF. Various investment options are available for getting deduction under section 80C but every investment have different rate of return and
Each tax payer in India under the direct orders of Central Board of Direct Taxes (CBDT) is allotted a Permanent Account Number by the Income Tax Department. It’s a 10 digit unique alphanumeric number, and is compulsory for all financial transactions an individual has engaged in. Anyone can apply for
Equity Linked Savings Scheme, commonly known as ELSS, is a diversified, open-ended, equity-oriented mutual fund scheme. In ELSS, 80% of the portfolio amount is required to be invested in equity funds with a minimum lock-in period of 3 years from the date of allotment of units. In the recent time,