Volume 3: Issue 21
This article provides information on the concept of discretionary income, emphasizing its significance in maintaining a balanced economy by driving spending on non-essential items. It also highlights a tax deduction opportunity for individuals who have taken loans to purchase electric vehicles, subject to specific conditions and a maximum deduction limit. Additionally, the article introduces the Pradhan Mantri Vaya Vandana Yojana (PMVVY), a pension scheme for senior citizens, outlining its investment limits and the assured return it offers over a 10-year period, with the government setting the interest rate.
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