tax 'N' accounts people

  • Home
  • Calender
    • FY 2014-15 >
      • April'2014
      • May'2014
    • FY 2013-14 >
      • April'2013
      • May'2013
      • June'2013
      • Feburary' 2014
      • March' 2014
  • Downloads
  • Lifestye
  • Tax Links
  • Profile
  • Services & Clients
  • Quality & Culture
  • Infrastructure
  • Data Security
  • Contact Us
  • Home
  • Calender
    • FY 2014-15 >
      • April'2014
      • May'2014
    • FY 2013-14 >
      • April'2013
      • May'2013
      • June'2013
      • Feburary' 2014
      • March' 2014
  • Downloads
  • Lifestye
  • Tax Links
  • Profile
  • Services & Clients
  • Quality & Culture
  • Infrastructure
  • Data Security
  • Contact Us

Savings: Revised interest rate on PPF & Senior Citizen Savings Scheme

3/24/2014

0 Comments

 
RBI has released a Notification on interest rates on two popular Tax saving schemes WEF 01.04.2014. These schemes are Public Provident Fund Scheme 1968 and Senior Citizens Saving Scheme 2004. PPF is most popular tax saving scheme among small investor as interest from PPF account is exempted from income tax. SCSS scheme is useful for senior citizens either having income less than exemption limit or falling under first slab of income tax  rates.
Notification of interest Rates on these schemes is given below.
PUBLIC PROVIDENT FUND SCHEME, 1968 (PPF SCHEME, 1968) AND SENIOR CITIZENS SAVINGS SCHEME, 2004 (SCSS, 2004) - REVISION OF INTEREST RATES
CIRCULAR DGBA.CDD. NO. 5342 /15.02.001/2013-14, DATED 21-3-2014
Please refer to our circular RBI/2011-12/359 dated January 20, 2012 regarding interest rates on small savings schemes, wherein it was indicated that as per Government's decision on revision of interest on small savings schemes, the interest rates on various small savings schemes for every financial year will be notified by the Government before April 1st of that year.
The Government of India has now vide their Office Memorandum (OM) No. 6-1/2011-NS.II dated 4thMarch 2014, advised the rate of interest on various small savings schemes for the financial year 2014-15. Accordingly, the rates of interest on PPF, 1968 and SCSS, 2004 for the financial year 2014-15, effective from April 01, 2014, on the basis of the interest compounding/payment built-in in the schemes, will be as under:
Picture
The contents of this circular may be brought to the notice of the branches of your bank operating the PPF, 1968 and SCSS, 2004 schemes. These should also be displayed on the notice boards of your branches for information of the PPF, 1968 & SCSS, 2004 subscribers.
Interest Rate chart for all Popular schemes wef 01.04.2014 is given below:-
Picture
0 Comments



Leave a Reply.

    tax 'N' accounts people

    Picture
    Picture

    Author

    Tarun Kumar Gupta
    Chartered Accountant
    B.Com, FCA, DISA(ICAI), LLB.

    Picture
    Picture
    Quick Links
    Picture
    Picture
    Picture
    Picture
    Picture
    Picture
    Picture
    Picture

    Life style Post

    Picture
    Boys Toys: Drone

    Archives

    August 2018
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013

    Picture

    Categories

    All
    2013
    26as
    3ca
    3cb
    3cd
    80c
    80d
    Aadhaar
    Abatement
    Advance Tax
    Agriculture
    Amendments
    Amnesty
    Assessment
    Audit
    Audit Report
    Automobiles
    Bank
    Bank Audit
    Bank Charges
    Bonus Stripping
    Book
    Budget
    Calculator
    CALENDAR
    Capital Gain
    Capital Gain Scheme
    Carbon Credit
    Case Law
    Cash Transaction
    CBDT
    Celebration
    Cibil
    Circular
    Clarification
    Companies Act
    Corporate Law
    Correction Return
    Credit Card
    Credit Policy
    Cst
    Cst Challan
    Currency
    Customs Duty
    Cyber Laws
    Cyber Security
    Deductions
    Department
    Dividend-distribution-tax
    Dividend Stripping
    Due Date
    Ebook
    Economy
    Efiling
    Emi
    Employee Provident Fund
    Entry Tax
    Epf
    Etrip
    Excise Duty
    Exemption
    Explanation
    Extended
    Faq
    Festival
    Filing Fees
    Finance
    Finance Bill
    Form 16
    Frieght
    Global Warming
    Gold
    Gold-import
    Goods & Service Tax
    Goods Transport Agency
    GST
    Gta
    Guidelines
    Guidence Note
    Hacking
    Hindu Undivided Family
    Holi
    Huf
    Icai
    Import
    Income Tax
    Indexation
    Indian
    Indirect Taxes
    Interest Rate
    Interim-budget-2014
    Itat
    It Office
    Itr Forms
    KYC
    Last Date
    Late Filing
    Lifestyle
    Loan
    Long Term Capital Gain
    Lower-certificate
    Lower-tds
    Luxury Tax
    Mca
    Mediclaim
    Mismatch
    Negative List
    Notification
    Pan
    Penalty
    Pension Fund
    Permanent Account Number
    Public Notice
    Rahat
    Rbi
    React
    Refund
    Reserve Bank
    Respond
    Restaurant
    Return
    Salary
    Sales Tax
    Satsang
    Savings
    Scrutiny
    Security
    Senior Citizen
    Service Tax
    Share Market
    Single-stage-tax
    Small Savings
    St3
    St3cb52ffd2c0
    St3d39e9f3f6f
    Subsidy
    Swachh Bharat Cess
    Tax Challan
    Tax Credit
    Tax Deducted At Source
    Tax Demand
    Tax Deposit
    Tax Planning
    Tax Rate
    Tcs Rate
    Tds
    Tds Certificate
    Tds Correction
    Tds Rate
    Traces
    VAT 15
    VAT-15
    Vat Challan
    Vat Punjab
    Vat Return
    Vces
    Voluntary Compliance Encouragement Scheme
    Wealth Tax
    Worm

    RSS Feed

Powered by Create your own unique website with customizable templates.