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Tax Saving Investment Options Under the Old Tax Regime

As the deadline for filing income tax returns approaches, taxpayers must carefully choose between the old and new tax regimes. While the government is actively promoting the new tax regime, the old regime continues to offer several deductions and exemptions that can help taxpayers save on taxes. Currently, India follows a dual tax system, comprising the old and new tax regimes. In the latest budget, the government made significant changes to the new regime by making income up to Rs. 12.75 lakh tax-free. However, no modifications were made to the old tax regime. Under this regime, income up to Rs. 4 lakh is tax-free, and taxpayers can benefit from multiple exemptions and deductions to further reduce their tax liability. In contrast, the new tax regime does not provide any such benefits. If you are opting for the old tax regime, here are some key tax-saving investment options to consider. 1. National Pension System (NPS) NPS is considered one of the best retirement investment options....

Earn Triple Returns with Post Office Fixed Deposit Scheme

To maximize your returns, you need to invest Rs. 10 lakh in the Post Office Time Deposit Scheme for five years. By strategically extending the investment period, you can earn up to three times your initial amount. Let's explore how and when to extend your FD to achieve the best returns. Secure High Returns Without Market Risks Everyone desires high returns on their investments. While multiple investment options are available, if you want a risk-free investment, the Post Office FD scheme is an excellent choice. However, certain guidelines must be followed to maximize returns. Earn Rs. 20 Lakh Interest on a Rs. 10 Lakh FD To begin, invest Rs. 10 lakh in the Post Office Time Deposit Scheme for five years. By correctly extending the investment, you can triple your returns. Here’s how and when you should extend it to maximize gains. Extend FD for 15 Years After the initial five-year investment period, you must extend your FD for another five years, followed by a second extension for ano...

Post Office NSC Scheme : 5 साल में मिलेंगे 43 लाख 47 हजार नए नियम लागू

अगर आप भी अपनी मेहनत की कमाई को सुरक्षित जगह पर निवेश करना चाहते हैं, तो पोस्ट ऑफिस की नेशनल सेविंग्स सर्टिफिकेट (NSC) योजना आपके लिए बेहतरीन विकल्प हो सकती है। सरकार की इस योजना में निवेश करने से न केवल आपका पैसा सुरक्षित रहता है, बल्कि आपको निश्चित ब्याज दर के साथ अच्छा रिटर्न भी मिलता है। हाल ही में पोस्ट ऑफिस ने एनएससी स्कीम के नए नियम लागू किए हैं, जिनके तहत 5 साल में निवेशक 43 लाख 47 हजार रुपये तक कमा सकते हैं। आइए, जानते हैं इस योजना के बारे में विस्तार से। Post Office NSC Scheme क्या है? नेशनल सेविंग्स सर्टिफिकेट (NSC) एक छोटी अवधि की बचत योजना है, जिसे सरकार द्वारा समर्थित किया जाता है। यह योजना खास तौर पर उन लोगों के लिए है, जो अपने पैसे को सुरक्षित निवेश के जरिए बढ़ाना चाहते हैं। मुख्य विशेषताएं: सुरक्षित निवेश:  सरकार की गारंटी के साथ निवेश। मूलधन की सुरक्षा:  निवेश किए गए पैसे की सुरक्षा सुनिश्चित। टैक्स में छूट:  धारा 80C के तहत टैक्स छूट का लाभ। पोस्ट ऑफिस एनएससी योजना के नए नियम पोस्ट ऑफिस ने एनएससी योजना में कुछ नए बदलाव किए हैं, जिनसे निवेशकों को और...

New Toll Tax System in India: No More FASTag from March 1, 2025

If you often travel on highways and are tired of dealing with FASTag issues, there’s good news for you. From March 1, 2025 , the FASTag system will be discontinued, and a new automatic toll deduction system will be introduced. This advanced system aims to make travel smoother and hassle-free. Let’s explore how the new system works, its benefits, and what you need to do to prepare for it. Why is FASTag Being Discontinued? FASTag was introduced in 2016 to reduce congestion at toll plazas and promote digital payments. However, several issues have emerged over the years, including: FASTag scanners not working properly, causing vehicles to stop. Fraudulent use of duplicate or fake FASTags. Unnecessary overcharging of FASTag users. Vehicles without balance getting stuck at toll plazas, leading to traffic jams. To address these challenges, the government is introducing a smarter and more efficient toll collection system . How Will Toll Be Deducted from March 1, 2025? The governmen...

How Much Capital Gains Tax Will You Pay on a ₹1 Crore SIP Withdrawal?

Investing in mutual funds through a Systematic Investment Plan (SIP) has become one of the most popular ways to generate long-term wealth. However, many investors are unaware of the tax implications when they withdraw their investments. If you have accumulated ₹1 crore through SIPs and plan to withdraw it, it is essential to understand how much capital gains tax you will have to pay. Understanding Taxation on Mutual Fund Earnings The tax on mutual fund gains depends on two key factors: The type of mutual fund – Whether it is an equity fund or a debt fund. The holding period – How long you have held the investment before withdrawing. Let’s break down how taxation works in both scenarios. Taxation on Equity Mutual Funds An equity mutual fund is one where at least 65% of the portfolio is invested in equities. The taxation rules are as follows: Short-Term Capital Gains (STCG): If you sell your equity mutual fund units within one year , the profit is considered short-term capi...

स्‍मार्ट लोग ऐसे करते हैं Gratuity का इस्‍तेमाल और कमाते हैं जबरदस्‍त मुनाफा

नौकरीपेशा को हर महीने सैलरी मिलने के साथ कई अन्‍य तरह के फायदे भी मिलते हैं. ग्रेच्युटी (Gratuity) भी इनमें से एक है. अगर आप किसी कंपनी में लगातार 5 साल तक काम कर लेते हैं तो कंपनी से ग्रेच्‍युटी पाने के हकदार बन जाते हैं. ये रकम आपको नौकरी छोड़ने या रिटायरमेंट के मौके पर मिलती है. एक फॉर्मूले के तहत ग्रेच्‍युटी की रकम फिक्‍स की जाती है. ये रकम हजारों से लेकर लाखों तक हो सकती है. तमाम लोग इस रकम को अपनी जरूरत के हिसाब से खर्च कर देते हैं. लेकिन स्‍मार्ट लोग ग्रेच्‍युटी की लाखों की रकम को खर्च करने की बजाय इसे निवेश करते हैं और इस पर जबरदस्‍त मुनाफा कमाते हैं. यहां जानिए कि किस फॉर्मूले से ग्रेच्‍युटी तय होती है और आप ग्रेच्‍युटी की रकम को कहां इन्‍वेस्‍ट कर सकते हैं. 1) पहले समझिए कैसे तय होती है ग्रेच्‍युटी ग्रेच्‍युटी कैलकुलेट करने का एक एक तय फॉर्मूला है. कुल ग्रेच्युटी की रकम = (अंतिम सैलरी) x (15/26) x (कंपनी में कितने साल काम किया). मान लीजिए कि किसी कर्मचारी ने 20 साल एक ही कंपनी में काम किया. उस एम्‍प्‍लॉई की अंतिम सैलरी 75000 रुपए (बेसिक सैलरी और महंगाई भत्ता मिलाकर) है, तो उस...

RBI Introduces 6 New Rules for CIBIL Score: Key Announcements by RBI Governor

The CIBIL score, also known as a credit score, is an essential metric that determines an individual's financial credibility. It influences loan approvals and interest rates. The Reserve Bank of India (RBI) has introduced six new rules regarding the CIBIL score, effective from January 1, 2025. These rules aim to enhance transparency and provide better financial management opportunities for customers. 1. CIBIL Score to be Updated Twice a Month Previously, credit scores were updated once a month. Under the new guidelines, updates will occur twice a month—on the 15th and the last day of the month. Benefits: Customers will receive real-time insights into their credit status. Any drop in the score can be addressed promptly with corrective actions. 2. Notification for Credit Report Access Customers will now receive an alert via SMS or email whenever a bank or financial institution checks their credit report. Benefits: Increased security and control over credit history. Preven...