How can senior citizens avoid tax in India?
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You may invest in Senior Citizen's Saving scheme by opening either an individual account or a joint account with your spouse at a post office or a scheduled commercial bank. SCSS offers the highest post-tax returns as compared to other fixed-income taxable instruments.
You may invest in Senior Citizen’s Saving scheme by opening either an individual account or a joint account with your spouse at a post office or a scheduled commercial bank. SCSS offers the highest post-tax returns as compared to other fixed-income taxable instruments.
See lessNational Pension System (NPS) is a low-cost equity market-linked investment for retirement planning. It offers returns based on market performance as well as attractive tax benefits.
National Pension System (NPS) is a low-cost equity market-linked investment for retirement planning. It offers returns based on market performance as well as attractive tax benefits.
See lessTax-saving FD allows you to make an investment to save tax under section 80C of the Income Tax Act. The minimum tenure for a term deposit under Tax Saving Scheme is 5 years. You can get a tax exemption of a maximum of Rs.1.5 lakh.
Tax-saving FD allows you to make an investment to save tax under section 80C of the Income Tax Act. The minimum tenure for a term deposit under Tax Saving Scheme is 5 years. You can get a tax exemption of a maximum of Rs.1.5 lakh.
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