80c tax benefits Archives

Rs 61,500 Interest/quarter for Senior Citizens: This post office scheme provides nearly Rs 62K quarterly income for 5 years after one-time investment! Know how much you need to invest

DainikNews Live Admin11 months ago04 mins

Rs 61,500 Interest/quarter for Senior Citizens: Retirement is an important stage for everyone, where income options for many senior citizens may deplete. In such a time, investments that they make may come handy. Some investment schemes provide them secure environs of earning income for a long period after investing one time. Senior Citizens Savings Scheme…

Power of Rs 1,50,000 PPF Investment: How many years will it take to generate Rs 16 lakh/year tax-free income from Public Provident Fund?

DainikNews Live Admin11 months ago07 mins

The Public Provident Fund (PPF) is a government-backed investment scheme, making it a secure option for investors. With returns assured by the Government of India, PPF provides a reliable investment avenue. Note that a PPF account can be held in the name of only one individual. Plus, PPF enjoys Exempt-Exempt-Exempt (EEE) tax status. This means…

PPF for Regular Income: With spouse’s help, how to build Rs 1.33 crore tax-free corpus in 20 years

DainikNews Live Admin1 year ago05 mins

PPF is a government-backed plan with a lock-in period of 15 years. After 15 years, you can either withdraw the entire generated value or extend the account for another 5-year block. A Public Provident Fund allows a deposit of Rs 1.5 lakh annually that can help you save tax. Yet another reason why people are…

PPF for Regular Income: Rs 18 lakh/year tax-free income from Public Provident Fund, how can you generate it?

DainikNews Live Admin1 year ago08 mins

Investing in a Public Provident Fund (PPF) account offers attractive tax benefits. Contributions up to Rs 1.5 lakh in a year are eligible for tax deductions under Section 80C. Plus, the interest earned on your investment and the corpus are completely tax-free.PPF is a government-backed scheme in India that is currently offering an annualized return…