Extra Tax Exemption on Post Office Savings

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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

Stock Exchanges to Track Index Derivative Limits During Trading

SEBI result

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

No Change in Small Savings Interest Rates for April-June Quarter

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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

Easy access to Education Loans under PM Vidyalakshmi Scheme

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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