Nifty24,141.95131.36

PPF

Which is a better investment option: ELSS or PPF?

Things you should know when your PPF matures

How to open a PPF account? Know its rules and benefits

How to open an online PPF account with SBI

Public Provident Fund (PPF) continues to be a favourite savings avenue for many investors. After all, the principal and the interest earned have a sovereign guarantee and the returns are tax-free. The principal i...Public Provident Fund (PPF) continues to be a favourite savings avenue for many investors. After all, the principal and the interest earned have a sovereign guarantee and the returns are tax-free. The principal invested in the PPF qualifies for deduction under Section 80C of the Income Tax Act, 1961 and the interest earned is tax exempt as well under Section 10.

PPF is a 15-year scheme, which can be extended indefinitely in block of 5 years. It can be opened in a designated post office or a bank branch. It can also be opened online with few banks. One is allowed to transfer a PPF account from a post office to a bank or vice versa. A person of any age can open a PPF account; even those with an EPF account can open one.

One can deposit a maximum of 12 times in a year, but remember to deposit before the 5th of the month to get interest for the full month, as the interest is allowed on the lowest balance at the credit of an account from the close of the 5th day and the end of the month. Many investors deposit a lump sum amount right at the beginning of the financial year. There are provisions to take loans and make partial withdrawals from the scheme as well.

*Disclaimer Statement: This content is authored by an external agency. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.

PPF

Public Provident Fund (PPF) continues to be a favourite savings avenue for many investors. After all, the principal and the interest earned have a sovereign guarantee and the returns are tax-free. The principal invested in the PPF qualifies for deduction under Section 80C of the Income Tax Act, 1961 and the interest earned is tax exempt as well under Section 10.PPF is a 15-year scheme, which can be extended indefinitely in block of 5 years. It can be opened in a designated post office or a bank branch. It can also be opened online with few banks. One is allowed to transfer a PPF account from a post office to a bank or vice versa. A person of any age can open a PPF account; even those with an EPF account can open one.One can deposit a maximum of 12 times in a year, but remember to deposit before the 5th of the month to get interest for the full month, as the interest is allowed on the lowest balance at the credit of an account from the close of the 5th day and the end of the month. Many investors deposit a lump sum amount right at the beginning of the financial year. There are provisions to take loans and make partial withdrawals from the scheme as well.

Latest PPF (Public Provident Fund) interest rate for July- September 2024 quarter

Latest PPF interest rate: The Public Provident Fund (PPF) is widely favored as a savings option. The government has recently revealed the interest rates for small savings schemes for the period of July to September 2024. PPF investments are considered risk-free as it is government backed.

PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi, NSC, other small savings schemes' rates announced for July-September 2024 quarter

Latest Post Office Schemes interest rates: The government has announced that it will keep the interest rates unchanged for small savings schemes for July-September 2024. These schemes include the Public Provident Fund, Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Post Office Time Deposits (POTD), Mahila Samman Savings Certificate, and Post Office Monthly Income Scheme (POMIS).

Investment portfolio: Use current rally to get rid of underperformers, increase SIPs by 10% every year to achieve long-term goals faster

The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.

Latest interest rates of PPF, Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme, NSC, other post office schemes

Latest small savings schemes interest rates: The government has left the interest rates on small savings schemes for the quarter ending June 30, 2024. Latest interest rates of PPF, Sukanya Samriddhi Yojana, Senior Citizen Saving Scheme, NSC, and other post office schemes.

PPF, SCSS, Sukanya Samriddhi interest in July-September 2024: Will govt hike interest rates of PPF, small savings schemes for next quarter?

PPF, SCSS, Sukanya Samriddhi interest in July-September 2024: The government is likely to announce the interest rates of Public Provident Fund (PPF), Senior Citizen Savings Schemes (SCSS), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY), Post Office Monthly Income Scheme (POMIS) and other small savings schemes for the July-September quarter 2024 by June 30, 2024. Will the government finally make PPF investors happy this time? Will Centre increase the interest rates of SCSS, NSC, Sukanya Samriddhi Yojana and other other small savings schemes for the July-September quarter 2024? Know what experts suggest

PPF, Senior Citizen Savings Scheme, SSY, NSC: Is it mandatory to submit Aadhaar to invest in small savings schemes?

Small savings scheme: Do you need to submit Aadhaar mandatorily in order to invest in small savings scheme? The answer is yes. According to a notification by the Ministry of Finance, Aadhaar is now mandatory for investing in PPF, SSY, NSC, and other small saving schemes.

Not making PPF investment before April 5 can cost this much in interest

PPF deposit before April 5: Investing in PPF account before April 5 can earn the PPF account holder more interest. Making lumpsum investment for the entire year after this date will make a PPF investor to lose a month's interest. Read on to know how much you lose if an individual misses this date.

PPF deposit: Finding it difficult to deposit money in your PPF account online? Here are different ways to invest before the April 5 date

How to invest in PPF: Those investing in the Sukanya Samriddhi Yojana (SSY) and the Public Provident Fund (PPF) should ensure that their contributions are deposited into the accounts before April 5 in order to maximize returns for the ongoing financial year, 2024-25.

Public Provident Fund: How nominees, legal heirs can claim a PPF account on death of the subscriber

Public Provident Fund is a popular long-term savings scheme offering tax benefits and attractive interest rates. Here’s how nominees or legal heirs can claim a PPF account on the death of the subscriber.

Interest rates on Small Savings Plans to stay unchanged

Interest rates for small savings schemes, including PPF and Sukanya Samriddhi accounts, remain steady for the September quarter. The government utilizes these schemes to help finance its fiscal deficit, with rates across different schemes staying unchanged to support this objective.

Latest PPF (Public Provident Fund) interest rate

Latest PPF interest rate: Was Public Provident Fund rate hiked for April-June 2024 quarter?

Latest PPF interest rate: The Public Provident Fund (PPF) is one of the most popular savings instruments. Note that only one PPF account can be maintained by an Individual, except an account that is opened on behalf of a minor.

7.1% PPF interest rate or 8.2% returns from Senior Citizen Savings Scheme (SCSS): Where should someone in 20% tax bracket invest?

Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.

PPF, SSY, Senior Citizen Savings Scheme, other post office schemes interest rates for April- June quarter 2024

Post office schemes interest rates for April-June quarter: The government revises small savings schemes interest rates every quarter. Here is a look at the interest rates on various post office schemes for the first quarter of FY 2024-25 along with its compounding frequency.

How to invest in Sukanya Samriddhi Yojana, PPF, RD, PLI accounts through IPPB

India Post Payments Bank (IPPB) now introduces the service of making payments to your Sukanya Samriddhi Accounts. The facility can be availed through all the delivery channels – Counters, Doorstep & Mobile Banking App. Benefits: • IPPB provides you online payment facility to your Sukanya Samriddhi Account • IPPB notifies you for successful payment transfer made through IPPB mobile application. Prerequisites: • Customer should have an active SSA with Department of Posts • Customer should be aware of the corresponding SSA account number and Customer ID.

Penalty for not depositing money in PPF, Sukanya Samriddhi Yojana by March 31 every FY

A look at the minimum money that individual must deposit in Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) and National Pension System (NPS) accounts in before March 31, 2024 to avoid having to pay a penalty.

PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi and other small savings schemes' rates announced for April-June quarter; check here

Latest small savings schemes interest rates: Here is a look at the interest rates on various small savings schemes for the fourth quarter of FY 2023-24.

Best Small Savings Schemes in India in 2024: SCSS, PPF, NSC, others' interest rates, tax benefits

Interest rate: 7.10% for the January-March quarter Minimum investment: Rs 500 Maximum investment: Rs 1.5 lakh per annum Features: 15-year tenure, tax-free returns Tax benefits: Can get a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income-tax Act.

Top 6 investment options for women in India

An increasing number of women in India are entering the workforce and seeking financial autonomy. They have various investment options, including PPF, mutual funds, NPS, fixed deposits, NSC, and Mahila Samman Savings Certificate, to achieve their financial goals and secure their future.

Moonlighting and ITR filing: Why moonlighters should file income tax return, form to use, other details

Moonlighting, driven by side hustles and remote work opportunities post Covid-19, requires moonlighters to carefully choose the right ITR form, consider the presumptive tax regime, and submit Form 10-IEA online for tax benefits under the old regime.

SIP, STP or lumpsum? How to invest as Dalal Street recovers from election shocker

Post-election market recovery raises concerns for mutual fund investors on choosing between lumpsum or SIP/STP investments for better returns. Bankbazaar.com CEO Adhil Shetty advises considering market conditions, risk appetite and financial goals for investment decisions in mutual funds.

Why you need to invest, instead of saving

The money that you are saving is an asset that has the potential to generate higher returns, which will help him reach his goals faster. The amount that will have to be set aside from the current income will come down since the returns that will be generated will add to the corpus being created for their future needs.

Retirement planning: Where to invest to retire at 55

How to open ICICI Bank PPF account online? Get Step by Step process

The PPF due to the benefits of tax savings, returns, and safety, the program has now become one of the most popular long-term savings schemes.

Latest PPF interest rate: Was Public Provident Fund rate hiked for January-March 2024 quarter?

The government has raised the rate of interest on two small savings schemes for the quarter January-March 2024 by 10-20 basis points. However, the PPF rate has been unchanged from April-June 2020.

Will PPF interest rate be finally hiked in 2024 after remaining unchanged since April 2020?

PPF, Senior Citizen Savings Scheme, and Sukanya Samriddhi Account: Interest rates of small savings schemes are due for revision at the end of this month. The interest rates of small savings schemes are linked to yields of 10-year Government Securities in the secondary market. There are set formulae for mark-ups over the previous three months’ average yield of relevant G-Secs of comparable maturity. Let's see if you are in for a New Year bonanza from the Central Government this time.

I received Rs 70 lakh after retirement. Where should I invest this amount for good return?

Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.

4 things that can go wrong if you invest just to save tax

Many investors view tax concessions as choices that must be optimised. Why should we worry about this? We may end up with an asset allocation that will not serve our goals and needs. We may give up operational flexibility while choosing products. We may not be able to access the asset for other important uses.

Mutual fund houses roll out manufacturing sector-focused schemes; should you bet on this hype?

The buzz around manufacturing sector is driving AMCs to roll out new funds.

How to extend PPF account after it matures

How to plan your income tax savings for FY25 using ELSS mutual funds?

Plan tax savings for FY25 with ELSS funds. Invest Rs 1.5 lakh early using lumpsum, SIP, or STP. Consider various investment options for Section 80C benefits. ELSS offers higher returns than traditional options.

Sukanya Samriddhi, 3-year post office FD rates hiked up to 20 bps; check latest small savings schemes interest rates

Latest post office schemes interest rates: Here is a look at the interest rates on various small savings schemes for the fourth quarter of FY 2023-24.

Can NRIs continue to operate their PPF accounts?

NRIs navigating PPF accounts encounter restrictions and guidelines, from tax benefits to closure procedures. Understanding these rules is crucial for managing accounts effectively while maximizing investment returns and complying with regulatory requirements.

Which mutual fund schemes should I invest in for maximum wealth creation?

Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.

Post office schemes new rules 2023: Major changes made to PPF, POTD, POMIS, Senior Citizens Savings Scheme, other small savings schemes

The government has made various changes under small savings schemes in the year 2023. Here we have listed some of the major and important changes made by the government.

I invested Rs 34 lakh in FDs. I want to divest some amount from fixed deposits, invest in mutual funds to beat inflation

Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.

PPF account: Nine important Public Provident Fund account rules and benefits

PPF: Here is a look at important rules you should know about the Public Provident Fund.

Tax-saving investment: 7.1% interest in PPF or 8.25% returns in VPF; which is a better option to save tax this year?

Tax-saving investment ideas FY23-24: PPF has been a go-to option for traditional investors to save tax while planning for retirement. Is there any other option that offers higher returns, lowers your income tax outgo, and saves money for long-term goals? Yes, Voluntary Provident Fund (VPF). How does it VPF fare when compared to PPF Public Provident Fund (PPF) or Voluntary Provident Fund (VPF) — which is a better option for you to save tax in the financial year 2023-24.

Where should I invest Rs 1 crore to get monthly income of Rs 1 lakh?

Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.

I am 45 years old and my monthly expenses are Rs 1 lakh; where should I invest to retire at 50?

Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.

Investing in ELSS mutual funds: 6 things to know

Equity-linked savings schemes (ELSS) serve a dual purpose, offering potential for wealth growth, while providing tax-saving benefit under Section 80C.

How to open PPF account online in HDFC Bank

Increase SIPs to Rs 20,000 and hike by 10% every year to achieve your financial goal

To whom do the new Senior Citizen Savings Scheme (SCSS), PPF rules apply? Govt clarifies

The Department of Posts came out with an detailed notification about senior citizen savings scheme (SCSS) and Public Provident Fund (PPF) few weeks back. On November 29, 2023 the Department of Posts issued a clarification as to who the new SCSS and PPF rules would apply. Read below to find out.

Long-term investment options to build a multi-crore corpus

Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.

Latest PPF interest rate: Was Public Provident Fund interest rate hiked for Oct-Dec quarter?

The government raised the interest rate on just one small savings scheme for the quarter ending December 31, 2023.

I want to build a retirement corpus of Rs 12 crore in seven years. Where should I invest?

Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.

Last-minute tax-saving investment: Will investing in PPF and SSY on March 30 and March 31 qualify for tax benefits in FY 2023-24?

Tax savings options available on March 30 and 31: Individuals who want to make any tax savings investments in various govt schemes like public provident fund (PPF), Sukanya Samriddhi Yojana (SSY) and others can do so online and offline as banks are open on March 30 and 31st. Read here to know more.

How to open a PPF account via SBI YONO app

These banks are open on Sunday but can you do normal bank work on March 31?

Banks open on March 31: As per the Reserve Bank of India (RBI)'s instructions, the agency banks (handling government receipts and transactions) are required to remain open March 31, 2024 i.e. this Sunday. However, the question is if a bank customer can visit bank branch to do the normal bank work such as updation of mobile number, passbook update etc.

e-Passbook: How to check PPF balance online

I earned Rs 29 lakh from sale of property. Which mutual funds will help me earn Rs 1 crore, give me 18-20% return in 7 years?

Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.

How to build a tax-free retirement corpus

4 ways your PPF account can become irregular

Public Provident Fund (PPF): Here are four instances when a PPF account can become irregular.

Which mutual funds should I invest in to save Rs 1 crore in 5 years?

Investing tips: Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.

Which investment is 100% tax-free: 3 tax-saving investment options for tax-free income

Tax-saving ideas: Particularly for individuals in higher income tax brackets, the taxability of investment returns becomes pivotal. Taxable returns are added to your income and subject to higher tax rates.

How to extend PPF account after it matures; three options to consider

PPF account matures after 15-year lock-in term. But what about once it reaches maturity? What choices are available to you if you wish to keep using your PPF account?

PPF, Sukanya Samriddhi, SCSS, NSC interest rates for December 2023 quarter announced; check here

Post office savings schemes interest rates: Here is a look at the interest rates on various small savings schemes for the third quarter of FY 2023-24.

Hike ELSS investments by 10% every year, defer retirement to reach long-term goals

Retirement planning: Where should I invest to create a retirement corpus of Rs 10 crore in seven years?

Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.

Where to invest Rs 83 lakh to get regular income during retirement

Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.

Up to 9% interest rate: Corporate FDs vs bank fixed deposits; Which offers higher interest rate?

What is a corporate FD: Similar to bank fixed deposits, corporate FDs provide interest earnings and offer flexibility in choosing the investment amount and duration. Fixed Deposits serve as a popular choice for long-term investments, particularly for older investors aiming for a secure retirement. The tenure period plays a crucial role in determining when investors will receive returns before maturity. In corporate fixed deposits, the tenure typically ranges from six months to 5 years, offering a shorter duration compared to bank fixed deposits.

Choosing the right tax-saving instrument: 4 things to consider

There are several financial products accessible in today's market, and as the number of possibilities increases, so does the complexity and confusion when selecting banking instrument for tax saving. Choosing the appropriate financial tools is crucial in these kinds of scenarios. Reaching your financial objectives is made easier with a robust and well-balanced portfolio that helps you reduce risk, generate greater returns, and gradually build wealth.

How to open PPF account online with ICICI Bank

SSY deposit date: How much will you lose as interest if Sukanya Samriddhi investment is not made before April 5

Sukanya Samriddhi Yojana contribution: The rules for interest calculation for deposits made in Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) are same. Individuals having SSY account for their girl children should remember the deposit date to earn higher tax exempt income. If one is not careful of their deposit date, then one can lose month's interest rate.

Your PPF, Senior Citizens Savings Scheme, other small savings schemes will be frozen if you fail to submit Aadhaar details by this date

If the Aadhaar number is not provided by this date, your small savings investments will be frozen until the Aadhaar number is submitted.

PPF taxation: Why the Public Provident Fund is a safe option to save tax; 5 things to know

Tax-saving investments: PPF offers tax exemptions at the time of investment, accrual, and withdrawal. It has a current interest rate of 7.1% per annum and a maximum deposit limit of Rs 1.5 lakh per financial year. PPF accounts can be extended indefinitely in blocks of 5 years. Additionally, it is advisable to diversify savings between PPF and equity investments for a balanced portfolio.

Retirement planning: Increase SIPs to Rs 10,000 in stable flexi-cap fund; hike by 5% every year

What is the PPF interest rate for July-September quarter of FY 2023-24

The finance ministry made this announcement via a circular issued on June 30, 2023. The interest rates of schemes like the 1-and 2-year post office time deposit, 5-year recurring deposits have been hiked.

Nirmala Sitharaman property declaration: A Bajaj scooter, a co-owned house, Rs 1.6 lakh in PPF....

Sitharaman recently mentioned during a media event that she opted out of contesting in the forthcoming Lok Sabha elections due to a lack of sufficient funds required for campaigning.

Highest tax-saving FD interest: Senior citizens can earn up to 7.75% rate, up to 7.25% interest for public; full list of banks

Tax-saving fixed deposits (FD): There are several banks which offer more than 7% interest on tax-saving FD. However do note that if you have chosen the old tax regime then only under section 80C of the Income-tax Act, 1961 you may claim a tax deduction. The interest earned from tax-saving FD is always taxable.

Where should I invest Rs 3.6 lakh for the long-term to get 12% return?

Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.

Retirement planning: Five retirement-focused investment products

Selecting the right financial products is important when saving for retirement. For post-retirement income, there are five investment products to choose from.

Income Tax Planning FY2023-24: 4 tax-saving options for tax-free returns

We all invest in various financial products to save some tax. However, the income or return generated from these investments often attract tax. There are still some investments that can offer you tax-free returns. If you are planning to invest now, here is a list for you.

New PPF rule: Interest calculation on premature closure of PPF account changed

The Department of Post has made some changes in the premature closure rules of the Public Provident Fund (PPF) account. The Department made this change via a notification dated November 7, 2023.

Tax saving ideas: Use these 6 financial, banking instruments to save taxes

With an emphasis on banking products, below are some financial instruments which can be used as investment and tax saving purpose.

Want to build a big retirement corpus? Start SIPs in equity funds

Latest Sukanya Samriddhi Yojana interest rate: What is the SSY interest rate for April-June 2024 quarter?

Note that only one SSY account can be opened in the name of the girl child either by natural or legal guardian. Interest rate on Sukanya Samridhi Yojana (SSY) is revised every quarter by the government.

Where to invest Rs 40 lakh to get regular income

Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.

National Savings Certificate latest interest rate: What is the NSC interest rate for April-June 2024 quarter?

Latest National Savings Certificate (NSC) interest rate: The government revises interest rate on all the small savings schemes every quarter, which includes National Savings Certificate.

Senior Citizen Savings scheme latest interest rate: What is the SCSS interest rate for the April- June 2024 quarter?

Senior Citizen Savings scheme interest rate: Note that if an account is formed in violation of the SCSS Rules, the account will be terminated immediately and the deposit will be returned to the depositor after deducting any interest received on the deposit.

Retirement planning: How to be tax-efficient in retirement

Tax rules for several retirement products have changed in recent years. Find out how to get past these changes.

Latest post office schemes interest rates

The government increased interest rates on a few small savings schemes for the quarter of July to September 2023. Small savings schemes include Public Provident Fund (PPF), Kisan Vikas Patra(KVP), Sukanya Samriddhi Account(SSA), Senior Citizens Savings Scheme Account(SCSS), National Savings Time Deposit Account(TD).

PPF vs Sukanya Samriddhi Yojana: Which is better to invest?

The Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) are two tax-efficient government savings schemes that offer good interest rates. Both are suitable for creating a corpus over the long term, though SSY offers higher interest rates than PPF. Here’s how to choose between them. Text: Centre for Investment Education and Learning (CIEL).

Government raises interest rates on select small saving schemes for July-September quarter

The government has hiked the interest rates of small savings schemes by up to 30 bps for the July-September 2023 quarter. The finance ministry made this announcement via a circular issued on June 30, 2023. (One percentage point is equivalent to 100 basis points.) The interest rates of schemes like the 1-and 2-year post office time deposit, 5-year recurring deposits have been hiked.Government raises interest rates on select small saving schemes for July-September quarter

Best ways to save money for a girl child in India

Small saving schemes: Interest rates of these post office schemes hiked by up to 30 bps for July-September quarter

Here is a look at the interest rates on various small savings schemes for the second quarter of FY 2023-24.

How to cut Rs 82,000 income tax with loan, NPS

Under Section 80CCD(2), up to 10% of the basic pay put in the NPS on behalf of the employee is tax-free. You should ask for some basic allowances, such as reimbursement of telephone and newspaper bills, fuel expenses and LTA. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.

Rs. 2 crore not enough to retire at 40; how to save Rs 3 crore for retirement

Women's Day 2024: Meet women who learned to manage finances and now drive the investment decisions of families

This week’s cover story showcases women like Jain who have taken charge of their family’s finances. Some of them are driving the investment decisions of their household, while others are equal partners in financial matters. The International Women’s Day this week is an appropriate time to celebrate such women who are working to spread financial literacy among their friends, relatives, and colleagues.

PPF or Sukanya Samriddhi Yojana: Where should you invest?

Only parents of a girl under the age of 10 years can open an SSY account. There is no such restriction for a PPF account.

Where to invest to save tax in FY2023-24? Top 5 tax-saving investments for you

Public Provident Fund (PPF) or National Pension System (NPS) or Equity-linked Savings Scheme (ELSS) — where to invest to save income tax? ET Wealth annual ranking assesses top tax-saving options on eight key parameters. Find out how they score.

Tax-saving tips: 7 lesser-known investments, expenses eligible for tax breaks

Apart from popular tax deductions like 80C, 80D, 80G, there are lesser-known tax breaks. Here is a look at 7 such tax-saving options to choose from.

Can you open more than one PPF account? All you need to know about Public Provident Fund

From interest rate to eligibility to documents required, all you need to know

Opted for the old tax regime? Have you checked out these tax-saving instruments?

Preeti Khurana says: "Individuals should choose investment products based on their risk profile and investment horizon. Popular products under 80C include life insurance premium, ELSS, PPF, and ULIPs. Tax payers can switch from the old tax regime to the new tax regime at the beginning of the new financial year. Don't forget to claim tax benefits for health insurance and submitting reimbursement claims to reduce tax liability."

How to save for children’s higher education, early retirement

Patil’s goals include building an emergency corpus, saving for his children’s higher education, and for an early retirement in 13 years at the age of 50. Patil’s current savings and ongoing investments will help him achieve his goals in the required time frame.

Was PPF interest rate hiked for Apr-June 2023 quarter? Latest Public Provident Fund rate

For the quarter from April to June 2023, the government has increased interest rates on a number of small savings schemes by up to 70 basis points.

Should you invest in PPF or in equity? Why we have to look beyond fixed income

The important thing to note is that fixed-income investments cannot really beat inflation and generate wealth long-term. Note that we are talking about PPF here—which is the creme de la creme of fixed income investments.

Your PPF, NSC, other post office investments will be frozen if Aadhaar is not given by this date

The Ministry of Finance has made the Aadhaar and PAN mandatory for making investments in PPF, NSC and other small savings schemes. This has been done via notification dated March 31, 2023. The notification has further made the Aadhaar number mandatory for existing investors as well. Read on to know the last date to link Aadhaar with PPF and other post office investments.