Post Office Monthly Income Scheme (MIS) is meant for investors who want to invest a sum amount initially and earn interest on a monthly basis for their livelihood. The scheme is, therefore, more beneficial for retired persons.
Recent Changes in the scheme :
A guardian on behalf of minor or a person of unsound mind.
A minor who has attained the age of 10 years.
Where amount is deposited in excess of the specified limit, the depositor shall be requested to withdraw the same. Such excess deposit swhall carry the POSB interest rate from the date of deposit till the date of withdrawal.
Any number of accounts can be opened subject to the maximum prescribed limit for deposit.
|Upto 30.11.2011||8.00% per annum + bonus of 5 % of the deposit amount on maturity after six years)|
|01.12.2011 to 31.03.2012||8.20% per annum (No bonus is payable on accounts opened on or after 01.12.2011.)|
|01.04.2012 to 31.03.2013||8.50% per annum|
|01.04.2013 to 31.03.2016||8.40% per annum|
|01.04.2016 onwards||7.80% per annum|
No bonus is applicable to any premature closure of the Account.
|Income Tax Slabs AY 2016-17||Income Tax Calculator AY 2016-17|
|Advance Tax Calculator||Indexed Cost & LTCG Calculator|
|Intt. u/s 234 Calculator||ITR Form no. & Mode of Filing|
|TDS Rates AY 2017-18||TDS Calculator AY 2017-18|
|Allowable Deductions||Incomes Exempt from tax|
|Maximize Tax Savings||Challan 280 in Excel|
|TDS Form 16 in Excel||PPF Calculators|
|Sukanya Samriddhi Calculator||Fillable forms in Excel/Word/PDF|
|Small Savings Calculator||View 26 AS|
|Fillable PAN TAN forms||Fillable VAT forms|
|Fillable Post Office forms||Fillable RTO forms|
|Ramayana Prashnavali||Taxability of Allowances|