| Special Schemes for Retiring People |
| Home » Income Tax Solution » Tax Savings Scheme » Special Schemes for Retiring People |
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Government Employees |
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| Interest Rate |
Return at interest rate of 8% |
| Maturity Period |
3 years |
| Upper Limitation |
Total retirement benefit |
| Lower Limitation |
Rs.1000/- |
| Max. Deductions |
According to Income Tax Act, 1961 interest on this scheme is tax free. |
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Public Sector Employees: |
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| Interest Rate |
Return at interest rate of 9.5% payable half-yearly on 30th June and 31st December respectively |
| Maturity Period |
3 years |
| Upper Limitation |
Total retirement benefit |
| Lower Limitation |
Rs.1000/- |
| Mode of Operation |
Retired PSU employees in his/her own name or with the spouse, jointly. |
| Max. Deductions |
According to Income Tax Act, 1961 interest on this scheme is tax free. |
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| e-Accounting Brings Global Opportunities. |
| 4th July, 2009 |
| EAccounting has visited India with a rainbow of opportunities. It is high time the Chartered
Accountants in India look beyond
the Indian clientele, as the entire
globe lies before them to be conquered. |
| Read more » |
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| Shortage of Accountants. |
| 21st September, 2007 |
| A report by Pune-based Value Notes, estimates that as many as 360,000 US tax returns were
prepared in India in 2006. It anticipates further growth, estimating at least 1.6 million returns will
be prepared here in 2011. |
| Read more » |
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| Outsourcing Benefits US workers. |
| 22nd August, 2009 |
| Outsourcing is a dirty word. In the US, outsourcing means firing full-time workers and
shipping their jobs to a less developed country where wages are lower and labor laws are more
lax. |
| Read more » |
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Bhavishya Kiran Educational Trust |
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