Sukanya Samriddhi Yojana: SSY interest rate hits 8.2% for July-September 2024

Sukanya Samriddhi Yojana: SSY interest rate hits 8.2% for July-September 2024

The Sukanya Samriddhi Yojana (SSY), a small deposit savings scheme introduced by the Indian government in 2015, continues to provide attractive returns for parents investing in their daughters’ futures. As part of the Beti Bachao Beti Padhao campaign, the SSY aims to support the educational and financial needs of girl children across India. For the … Read more

Income tax benefits for resident vs non-resident taxpayers explained

Income tax benefits for resident vs non-resident taxpayers explained

Though income tax laws generally do not differentiate between a resident Individual taxpayer and a non-resident taxpayer, certain tax benefits/concessions are available to a resident individual only and not to a non-resident taxpayer. Let us discuss this in detail. Age-based differentiation A resident taxpayer below 60 years old enjoys total tax exemption for income up … Read more