PMVVY scheme gets extended at a reduced interest rate

Pradhan Mantri Vaya Vandana Yojana has been extended up to March 31, 2023, but at a reduced interest rate of 7.4 per cent

Should you buy Sovereign Gold Bonds?

The latest series of Sovereign Gold Bonds is available for subscription till January 17. Find out if you should buy them

RBI taxable bonds make a comeback in a new avatar

Unlike earlier bonds, the new bonds will carry a floating interest rate of 7.15 per cent, which will be reset every six months

How to obtain a Permanent Account Number (PAN) for a minor

The income tax department has not prescribed an age limit for obtaining a PAN card

No change in interest rates of small saving schemes

Government maintains status quo on the interest rates of small saving schemes for July to September, after a steep cut in the previous quarter

Tax on gifts received depends on value, occasion

Gifts received by an individual during a financial year are tax free only if their aggregate value does not exceeds Rs 50,000

The government announces new tranches of Sovereign Gold Bonds

Six tranches of the bonds will be issued in the first half of this fiscal year

Medical Allowance vs Medical Reimbursement

Medical reimbursement up to Rs 15,000 a year is tax exempt whilst this is not the case for medical allowance

Deadline for tax-saving investments extended further

The government has extended the deadline for tax-saving investments for the financial year 2019-20 once again to July 31

Stimulus package part one

Here are the highlights from the first announcement of the stimulus package. Further announcements to be made over the next few days

NPS offers subscribers a choice of two record keeping agencies

Other than being a repository of data, central record keeping agencies are also responsible for administration and customer service functions, and act as operational interface between the different entities of NPS

Impact of TRI indices on mutual funds

Mutual funds houses are moving from a price-return index (PRI) system to a total return index (TRI) system. As a result, you may see your mutual fund investments a little differently now

Last three months to invest in PMVVY

Unless the government extends the subscription window, you will not be able to invest in Pradhan Mantri Vaya Vandana Yojana (PMVVY) after March 31, 2020

Extended deadline for making tax-saving investments

The last date for making tax-saving investments has been extended to June 30 from March 31 for the financial year 2019-20

Online boost to the NPS

eNPS allows you to make online payments. A major glitch in the system has been fixed with the addition of ICICI and Axis Bank