Mumbai, April 19 -- A number of products from the stable of small savings schemes, whose rates are reviewed every quarter and some times reset by the government, help you save tax, and the start of a financial year is a good time for tax planning. On 29 March, the government announced that small savings rates will remain unchanged for the first quarter of FY2019-20, from the previous quarter. How do these schemes stack up?
PPF
You will probably find Public Provident Fund (PPF) in the portfolios of your parents and even your grandparents and it's advisable to have it in your portfolio too. PPF has a relatively high interest rate of 8%. It has a tenure of 15 years and can be renewed indefinitely in blocks of five years. Partial withdrawal...