We all want the best of returns on our investments, so we buy property, invest in stocks, and accumulate Gold (commodities) and so on….
But we need to realize that certain traditional investments has diminishing significance, compared to a decade back With changing dynamics of economy, it has become vital to protect your hard earned money from inflation and recession.
Form 16 or Form 16A is the certificate of deduction of tax at source. It is issued on deduction of tax by the employer on behalf of the employees and provide details of TDS/TCS for various transactions between deductor and deductee. It is mandatory for employers to issue these certificates to taxpayers.
According to data released by the Life Insurance Council, LIC collected Rs 13,610.63 crore in NBP for the month, up from Rs 12,383.64 crore in April 2024