The last month of the financial year 2023-24 i.e. March has started. This month you have many important tasks to complete. One of these tasks is to deposit minimum amount in Sukanya and PPF. Apart from this, if you want to invest for income tax exemption, then you will have to invest by 31st March. We are telling you about 4 such tasks which you have to complete this month… 1. Minimum amount to be deposited in Sukanya and PPF to keep the Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) accounts active. To make minimum investment in them. If money is not deposited in PPF and SSY by March 31, 2024, these accounts may become inactive (closed). You will have to pay a fine to get them activated again. You have to maintain minimum investment in these schemes so that it can be known that your account is active. The minimum deposit for PPF account holders is Rs 500, which means you have to invest at least Rs 500 in a financial year. If you have an account in Sukanya Samriddhi Yojana, then you have to deposit a minimum of Rs 250 every financial year. Click here to read full news 2. Tax Savings Investment If you have not made tax investment yet for the financial year 2022-23, then do it soon. You can avail Section 80C tax exemption by investing in PPF, Sukanya Samriddhi Yojana, 5 year FD and ELSS etc. For this, you will have to invest in this scheme till 31st March. Under Section 80C of the Income Tax Act, you can claim a deduction of Rs 1.5 lakh from your total income. Understand it in simple language, you can reduce up to Rs 1,50,000 from your total taxable income through Section 80C. 3. Get KYC done for Fastag. If you have not updated the KYC of your car’s Fastag from the bank, then get it done today. Because after 31st, banks will deactivate or blacklist Fastag without KYC. After this, payment will not be made despite having balance in Fastag. NHAI has asked Fastag customers to complete the KYC process for Fastag as per the rules of the Reserve Bank of India (RBI), so that the Fastag facility can be provided without any hassle. 4. Invest in SBI’s Amrit Kalash Scheme: State Bank of India (SBI)’s special fixed deposit scheme Amrit Kalash is going to end on 31st March this month. Under this, 7.6% annual interest is being given to senior citizens and 7.1% to others. In this fixed deposit scheme one has to invest for 400 days. Click here to read full news
