The federal government has announced revised profit rates for National Savings Schemes (NSS) effective from November 4, according to a notification issued by the Ministry of Finance. The updated rates include both upward and downward adjustments across several saving instruments, reflecting recent shifts in the financial market. Under the revised structure, Defence Saving Certificates (DSCs) […]
national savings schemes
Government lowers profit rates on key national savings schemes
The government has announced cuts in profit rates for several national savings schemes. The Finance Ministry issued an official notification confirming these changes. Special Saving Certificates, Defense Certificates, and other major saving accounts will offer lower returns starting July 28, 2025. These reductions aim to adjust profit rates in line with current economic conditions and […]
Filers, non-filers
Sir: Over 18 percent of senior citizens have invested their savings in national savings schemes, where the return they file is under the tax-exemption. Therefore, they do not pay tax and are non-filers. The salaried class has its tax deducted at source and is proxy filer through their employers. The prime minister and finance minister […]