This is literally the theme of the Budget 2023 specially with personal income taxes. And that is the only thing I had wishes for – simplify! Expert after expert recommended a change in 80C limits, aligning capital gains taxes, increasing tax slabs, etc. The underlying idea was fine – reduce the burden on aam junta […]
Small savings getting smaller – PPF, SCSS interest rates cut
[The fool’s take] Feel proud! You are a solider too. You are finally making a contribution towards the economy. As your small savings become smaller, the govt coffers will be relieved to fight the bigger menace. On a serious note, this is what happened. Interest rates on small savings were slashed across the board. Before […]
Is Senior Citizen Savings Scheme an income option, post retirement?
The most important concern post retirement is the absence of a regular income. Unless you are on state pension, you will need to create your own income with your investments, in a safe and secured way. One of the options to consider is the Senior Citizen Savings Scheme. Senior Citizen Savings Scheme was started in […]