Scheme | Interest (%)* | Tax breaks under | Features | |
What samll schemes offer
Scheme | Interest (%)* | Tax breaks under | Features | |
* Assuming a 1 percentage point interest cut post Budget 2003. Sec 80L benefit:deductions up to Rs 12,000 for interest from specified securities plus additionaldeduction of Rs 3,000 for interest from G-Secs. Sec 88 benefit: Rebate for investments upto Rs 1 lakh in specified securities (maximum of Rs 70,000 in PPF);
** Compounded half-yearly; *** Compounded yearly; **** Compounded quarterly