Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PMJAY): The Ayushman Bharat Scheme (PMJAY) was devised by the National Health Protection Mission Council in an effort to make healthcare insurance more accessible for the economically vulnerable masses of India. The scheme was officially launched on 25th September of the same year, as per Prime Minister Hon’ble …
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Equity Linked Saving Scheme (ELSS): ELSS, commonly known as Equity Linked Savings Scheme, is a varied, unlimited, equity-oriented mutual fund scheme. In the Equity Linked Savings Scheme, 80 percent of the portfolio amount is a must requirement for investment in equity funds. You must hold a minimum lock-in period of three years from the date …
Sukanya Samriddhi Yojana: Sukanya Samriddhi Yojna is a scheme that came into effect on 2nd December 2014 and it was launched with an initiative to help girl children from various malpractices in the Indian Community. It deals with problems regarding education and marriage and directs the parents of a girl child to make systematic investments …
Sukanya Samriddhi Yojana (SSY) | Rules, Deposits, Benefits and Differences Read More »
How to Claim HRA: House Rent Allowance, generally known as HRA, is an aggregate paid by employees as part of their earnings. This is mainly done as it helps offer employees tax profits towards the payment for housings every year. How much HRA allowance requires to be paid to the employee is made by the …
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NSDL, CAS, CDSL CAS: CAS or Consolidated Account Statement is a financial account that contains all the details of the investments and transactions one does in any mutual funds. It has all the details of the mutual fund transactions mentioning whether it is a sale or purchase. It further includes other information like the NAV …
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UAN Helpdesk: UAN is the Universal Account Number consisting of 12 digits provided to each individual that opts in for the Employee Provident Fund programme provided by companies to their employees in India. This UAN can be used to check the accumulated balance in your EPF till the present date, and also for seeing employer …
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Donations Eligible Under Section 80G: For promoting the concept of charity towards the poor and needy, the government of India has been regularly encouraging citizens to donate, and this donation could also be claimed as a deduction under Section 80G. There are many government organisations, including NGO’s which are working for the upliftment of the …
National Pension Scheme Under Section 80CCD: NPS is the acronym for The National Pension Scheme. It is a pension scheme designed for both private citizens as well as government employees. The NPS is among the most acclaimed options available to individuals who want to create a trust for their retirement that includes a regular monthly …
Term Deposits: Term Deposits are otherwise known as Fixed Deposits are an investment vehicle in which a lump-sum sum amount is deposited for a fixed length of time, ranging from one month to five years, at an agreed rate of interest. Organisations such as Banks, NBFCs (Non-banking financial companies), Credit unions, Post offices, and other …
The term “senior citizen” is defined by legislation as a citizen between the ages of 60 and 80 on the penultimate day of the preceding financial year. IT Returns Must Be Filed What are the Sources Of Revenue for the Senior Citizens? Senior Citizens Income Tax Brackets What Tax Exemptions Do Senior Citizens Have From …
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Overview of Fixed Deposits: Fixed deposits are an investment option that offers stable interest rates, special rates for elderly citizens, a variety of interest payment methods, no market risk, and income tax benefits. In comparison to a typical savings account, a Fixed Deposit (FD) is a more safe investment choice that pays a greater rate …
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