Tax-saving deposit schemes
Yes, this is great step by government for people who want to invest in fixed deposit and looking for tax-saving too on it. Govt of India has understood that education is key to India's future growth. So they want to promote students and parents to aspire for higher educations and to help them Govt will provide low interest rate loans to them. Over all Govt is doing lot of reforms in education sector and for this reforms they need funding, for this funding they have designed special purpose tax-saving deposit schemes. This is good option for people who want to stick to fixed deposits and also want to save tax on it.
For more information read http://economictimes.indiatimes.com/news/economy/finance/Tax-saving-deposit-scheme-to-fund-loans-to-students-educational-institutions/articleshow/5924147.cms
No comments:
Post a Comment