Tax Saving Schemes India
Tuesday, November 24, 2009
Public Provident Fund (PPF)
Interest rate of 8% p.a.
The minimum investment limit is Rs. 500/- and maximum limitation is Rs. 70,000/-.
Operated - singly or jointly.
Maturity period of 15 years.
National Saving Schemes (NSC)
Operated singly, jointly
Interest rate 8%.
The minimum investment limitation of the scheme is Rs.100/- and with no upper limit.
Maturity period of 6 years.
It is transferable
Provision of loan on the basis of this scheme.
Kisan Vikas Patra (KVP)
8 years
There is a minimum investment limitation of Rs.100/- with no upper limit.
This scheme is available throughout the year.
operated either singly or jointly.
nomination is also available
No tax benefit
Post Office Scheme (POS)
It can be operated by either singly or jointly.
It is available throughout the year.
categories:
* Monthly Deposit
* Saving Deposit
* Time Deposit
* Recurring Deposit
Interest rate of 8% p.a.
The minimum investment limit is Rs. 500/- and maximum limitation is Rs. 70,000/-.
Operated - singly or jointly.
Maturity period of 15 years.
National Saving Schemes (NSC)
Operated singly, jointly
Interest rate 8%.
The minimum investment limitation of the scheme is Rs.100/- and with no upper limit.
Maturity period of 6 years.
It is transferable
Provision of loan on the basis of this scheme.
Kisan Vikas Patra (KVP)
8 years
There is a minimum investment limitation of Rs.100/- with no upper limit.
This scheme is available throughout the year.
operated either singly or jointly.
nomination is also available
No tax benefit
Post Office Scheme (POS)
It can be operated by either singly or jointly.
It is available throughout the year.
categories:
* Monthly Deposit
* Saving Deposit
* Time Deposit
* Recurring Deposit
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