Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: VAT RATES :: VAT Audit :: form 3cd :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: articles on VAT and GST in India :: due date for vat payment :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt
 
 
News Headlines »
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits

Postal saving schemes see dip in collection
March, 05th 2008
The once popular postal saving schemes seem to be losing out to other investment instruments prompting the Finance Minister to extend income-tax benefits to some more of these schemes as part of the Budget proposals. Almost all the various schemes offered by the postal department have seen decline in collection over the past two years.

For instance, the deposits in the National Savings Scheme have fallen from Rs 571 crore in 2004-05 to Rs 317 crore in 2006-07. The Senior Citizens Savings Scheme is down from Rs 8,818 crore to Rs 7,238 crore during the corresponding period.

The department has, however, seen the biggest erosion of deposits from its Monthly Income schemes which have decreased by almost 50 per cent from Rs 48,691 crore in 2004-05 to Rs 20,812 crore. Only the Public Provident Fund scheme has seen a rise in collection from Rs 3,112 crore to Rs 3,797 crore. Even the Kisan Vikas Patra has seen a decline by Rs 5,781 crore.

Government officials said that a number of steps have been taken to popularise these schemes in the light of competition from the private financial sector, including a media campaign and providing training to agencies involved in mobilising collection in Small Savings Schemes.

The Department of Post has also increased the maximum deposit ceiling of Rs 3 lakh and Rs 6 lakh under the monthly income account to Rs 4.5 lakh and Rs 9 lakh for single and joint account, respectively.

The restriction on opening of more than one account in a month under the Senior Citizens Savings Scheme has been removed.

Bonus at the rate of 5 per cent on the deposits made under the post office monthly income account scheme has been reintroduced.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions