The Central Board of Direct Taxes (CBDT) has officially clarified that no tax will be deducted at source (TDS) on withdrawals ...

The Senior Citizen Savings Scheme (SCSS) is specifically designed to provide financial security to retirees, offering higher returns compared to many other savings options. This government-backed ...

The SCSS offers a secure investment option for senior citizens with a fixed income and tax benefits. The interest rates for ...

The NSS is a government-backed savings scheme, which offers safe investment options and assured returns. This scheme was launched specifically with the aim of motivating senior citizens to save for ...

Selecting the incorrect Income Tax Return (ITR) form can result in incomplete reporting of information, potentially leading ...

A perfect guide to earn up to Rs 1.23 lakh monthly income in govt-backed plan - SCSS scheme calculator 2023, rate of interest ...

Several post office savings schemes offer marginally higher returns over what most banks give on their fixed deposits (FDs) ...

They can also allocate a part of their investments to hybrid and balanced advantage mutual funds, say financial planners.

State Bank of India offers decent interest rates on fixed deposits, FD, for senior citizens. Heres a thorough calculation of SBI FD interest rate on investment of Rs 3 lakh for a tenure of one, three ...