The Public Provident Fund or PPF account offers interest at 8.70 per cent. Here is a list of investments that yield greater returns than bank deposits.
ESahyog initiative is very beneficial for small taxpayers. It enables the taxpayers to communicate with the department via email. IT officials can send notices to assessees as well.
The tax department yesterday in a statement said that the deductions for corporate and non-corporate tax payers would be phased out irrespective of their nature.