Post office savings accounts offer an additional tax exemption, making them more beneficial compared to bank savings accounts. This extra exemption applies to the interest earned on the savings account. Let’s understand the income tax rules in detail. Tax Deduction on Savings Account Interest Under Section 80TTA of the Income Tax Act, 1961, taxpayers can … Read more
If you live in a rented house and claim tax exemption, you need to be cautious. If your monthly rent exceeds Rs 50,000 and you have not deducted TDS (Tax Deducted at Source), you might receive a notice from the Income Tax Department. This rule is not meant to create trouble but to make taxpayers … Read more
Like March, the primary market in April is expected to remain slow. So far, there is no news of any mainboard IPOs opening this month. However, in the SME segment, three companies have their IPOs closing this week. Investors still have a chance to invest in these offerings. Below is a brief overview of these … Read more
ADC India Communications, a company specializing in telecom and IT networking products, has announced an interim dividend of Rs 25 per share for the financial year 2024-25. The record date for this dividend is April 2, 2025. Shareholders whose names appear in the Register of Members or Depositories as beneficial owners by this date will … Read more
The Securities and Exchange Board of India (SEBI) announced on Friday that stock exchanges will begin monitoring at least four position limits for index derivatives during intraday trading from April 1, 2025. However, SEBI clarified that there will be no penalty for breaching the current position limits. Additionally, SEBI has directed the Bombay Stock Exchange … Read more
The government has decided to keep interest rates on small savings schemes unchanged for the April-June quarter (Q1FY26). This marks the fifth consecutive quarter without any changes. The Finance Ministry announced this decision through a notification issued on March 28. Interest Rates Remain the Same As per the notification, the Sukanya Samriddhi Yojana will continue … Read more
Even before the new financial year begins, the Modi government has made an important decision regarding government employees. On Friday, the central government announced a 2% increase in Dearness Allowance (DA). This means DA has now increased from 53% to 55%, leading to a salary hike for lakhs of employees. What is Dearness Allowance (DA) … Read more
The Pradhan Mantri Vidyalakshmi Yojana (PM-Vidyalakshmi Scheme) aims to help promising students pursue higher education without financial hurdles. Bank of Baroda (BoB), a leading government bank, has announced the implementation of this scheme, making it easier for students to apply for education loans at affordable rates. The best part is that students can now apply … Read more
Laxmi Dental Limited’s shares are in focus today, Wednesday, as they surged over 5%, reaching an intraday high of ₹435. The reason behind this rise is a positive report from global brokerage firm Nuvama Institutional Equities. The firm has initiated coverage on the stock with a ‘buy’ rating and set a target price of ₹570 … Read more
If you’re looking for a business that can generate high income, then lemon farming is a great option. It is in high demand from villages to cities, and many educated professionals are leaving high-paying jobs to take up farming. By growing cash crops like lemons, you can earn lakhs of rupees from home. When done … Read more
The Time Deposit (TD) scheme offered by the Indian Postal Department is a reliable and profitable investment option. It functions similarly to a bank’s Fixed Deposit (FD) but provides more attractive interest rates. Since it operates under the Government of India, the investment is completely secure. Interest Rates and Investment Period The Post Office TD … Read more