NEW DELHI: Industry lobby groups CII and PHDCCI have demanded personal tax benefits for the middle class, with Ficci backing a simplification in the direct tax regime in the budget.During a meeting with revenue secretary Sanjay Malhotra, CII president Sanjiv Puri pitched for marginal relief in tax for taxable income up to Rs 20 lakh,…
The National Pension System (NPS) has evolved over time, becoming more user-friendly and adaptable to the needs of investors. The Pension Fund Regulatory and Development Authority (PFRDA) has introduced new features and simplified the process of opening an NPS account, allowing individuals to do so online within minutes, provided they have the necessary documents.Additionally, the…
Public Provident Fund: The Public Provident Fund (PPF) is popular because of its attractive interest rates and tax benefits, especially for small savers. You can deposit as little as Rs 500 or up to Rs 1.5 lakh annually in a PPF account.PPF provides tax exemption under section 80C of the Income Tax Act, and its…
