The bonds were available for seven years. Since these were not traded in the secondary market, redemption took place at maturity.
Here's a formula that helps you understand how much money you will need to retire early in India and simple steps to achieve it.
'Compare the new slabs with the previous years to understand if your tax liability will increase or decrease after the Budget.'
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
The rate of interest will be effective from April 1, 2015.
Investors looking for a fixed-income product that is free of credit risk may invest in these bonds.
Use forms 15G and 15H to avoid tax at source.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Investments and expenses under section 80 C allows various tax benefits, says Harjot Singh Narula
In a move that will hit the common man, the government on Friday slashed interest rates payable on small savings including PPF and Kisan Vikas Patra (KVP) in a bid to align them closer to market rates.
Do you have financial planning queries? Ask rediffGURU Kirtan A Shah.
'The global situation is not very good.'
Getting locked into instruments before the new regime kicks in would be a good strategy.
Overall, small savings have amassed Rs 1.17 trillion from April-September - 26 per cent more than the previous year. But in those six months, the economy lost 24 per cent in the first three months, and is slated to lose 10 per cent in the second quarter.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
Do you have parents who have turned 60? You may want to forward Sarbajeet K Sen's suggestions to them.
Post office savings deposit, recurring deposit accounts and the senior citizen savings scheme account have shown the highest growth in the current financial year.
Finance Minister Nirmala Sitharaman on Saturday unveiled 'transformative' tax reforms that ranged from a simpler income tax law to higher TCS threshold for remittances and income tax benefits for middle class.
Many hurdles that investors could have faced after enrolling for the scheme have been removed.
Investments in Sukanya Samriddhi Account will earn higher interest rate of 9.2%.
Demonetisation is the biggest reason for the rise in preference for small savings.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
Be wary of co-operative banks which have historically been most vulnerable.
>The Indian Army still uses old British-era names and recruits soldiers based on caste or region, which hurts national unity, argues Colonel K Thammayya Udupa (retd).
Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.
The govt has incentivised the worst of investment products.
Per capita income has more than doubled to Rs 1.97 lakh in around nine years. Indian economy has increased in size from being 10th to 5th largest in the world in the past nine years. Seven priorities of the Budget, 'Saptarishi', are inclusive development, reaching the last mile, infrastructure and investment, unleashing the potential, green growth, youth power and financial sector.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
When looking for alternatives, consider several parameters -- your investment horizon and liquidity requirement, post-tax returns, and risk.
'Comparing the rates of interest with PSU banks, the three- and five-year time deposit rates of the post office are more favourable.'
Avoid investing in a new ELSS scheme each year. Stick to one well-chosen scheme to avoid clutter in your portfolio.
It is a good option for parents of girl children who want a debt product and do not mind its low liquidity.
Chennai-headquartered Indian Overseas Bank has launched a five-year tax saving deposit scheme at an interest rate of 8.15 per cent per annum.
Want your investments to make money as well as save tax for you? Anil Rego has some advice
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