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Words Worth
Yes, but you will get the proceeds only after five years | |
These type of policies do not even beat inflation, even a bank fixed deposit will give you better guaranteed returns | |
The I-T Department accepts tax returns for past two financial years |
Short-term capital gains (if exit is within 3 years) on debt funds will be added to your income and taxed as per your applicable tax slab | |
Yes of course. It is not true that private insurance companies will not pay your nominees at the time of a claim | |
The Income Tax Department has made it mandatory to file your returns only in case the gross the total income exceeds Rs 2.5 Lakh | |
Yes, but the total tax deduction available per financial year under Section 80C is up to Rs 1.5 lakh only | |
You need to log onto the EPF website, enter your PF account number and receive their balance details through SMS | |
Contributions to APY will also be eligible for the same tax benefits as the NPS | |
On maturity after five years, the Senior Citizen Savings Scheme (SCSS) account can be extended by another three years | |
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