After successful implementation of FASTag (an electronic toll collection system) on most of the vehicles in India for National highway, State Highways and private-operated highways for the toll collection, now the transport ministry of India is gearing up to next advanced technology in road charging or toll charging, GNSS. In April 2021, the Transport ministry through IHMCL has invited the proposals for the “Engagement of Consultant for Global Navigation Satellite System (GNSS) based tolling”.
GNSS Road pricing or GPS-based toll charging status in India:
Road photo for representation purpose only
In India, IHMCL (Indian Highways Management Company Limited) has invited the proposals for the “Engagement of Consultant for Global Navigation Satellite System (GNSS) based tolling”. India has just moved from manual to electronic collection of toll charges through FASTag since 15th Feb 2021. And, Transport minister has informed to Indian parliament about moving to next technology in toll collection of road GPS-based toll collection, one of GNSS based road pricing technique. Mr. Nitin Gadkari, the transport minister also said that within 1 to 2 year, the toll booths will be completely replaced by the GPS-based toll collection system.
It’s a long road ahead for India, as it has just started the consultation process in April 2021 on the GNSS based road pricing, but nevertheless, it’s a good start from Government of India. More importantly, India has “NavIC” (Navigation with Indian Constellation), its own Regional Navigation Satellite System. NavIC covers India and 1500 Km around it.
Ministry of Road transport & Highways (MoRTH) has issued a Model Request for Proposal (RFP) for ‘vehicle tracking platform’ under the GNSS-GPS toll charging policy.
Fixed deposit interest rates comparison of ICICI, Axis, HDFC banks:
ICICI bank, Axis bank, HDFC bank have revised their Fixed deposit or Term deposit interest rates in synchronization with latest RBI’s monetary policy. Again FD interest rates are in the downward trend.
Here we have compared 3 largest private sector banks’ fixed deposit interest rates for below Rs. 2 crore domestic deposits in tabular format. In the screenshot of all three banks, the all kinds of fixed deposits have been shown.
In a Gazette notification, under Vehicle scrappage policy, MoRTH has issued the list of incentives and disincentives to discard the old and polluting vehicles. The new Vehicle scrappage policy was supposed to come into effect from 1st April 2022. (Source:PIB)
Incentive under Vehicle scrappage policy – Waiving off the Registration fee of new vehicle, by producing ‘Certificate of Deposit (CoD)’ of old vehicle by any RVSF (Registered Vehicle Scrapping Facility).
Dis-Incentive under Vehicle scrappage policy –
Fee increase for conducting fitness test and renewal of fitness test, for vehicles more than 15 years old.
Fee increase for fitness certification for transport vehicles more than 15 years old.
Fee increase for RC (registration certificate) renewal for personal (Non-transport) vehicles, more than 15 years old.
Jiois one of the leading Indian telecom service provider. Jio is number one In terms of number of subscribers in India. It offers spectrum of services like 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed home broadband and many more.
In India Jio offers GSM mobile services in 22 circles. It covers almost all India from village to metro cities with 4G wireless services. Jio has many tariff plans which ranges from Rs. 11 to Rs. 4999 with validity up to 365 dyas. In several plans, Jio offers many additional benefits.
Source: Moneycontrol.com
Additional benefits with some Jio 4G prepaid plans:
Airtelis one of the leading global telecom service provider with operations in 18 countries in Asia and Africa. In terms of number of subscribers, Airtel is among top three telecom companies. Headquartered in New Delhi, It offers spectrum of services like 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed home broadband, DTH and many more.
In India Airtel offers GSM mobile services in 22 circles. It covers almost all India from village to metro cities with 2G, 3G and 4G wireless services. Airtel has many tariff plans which ranges from Rs. 19 to Rs. 2698 with validity up to 365 dyas. In several plans, Airtel offers many additional benefits.
Airtel 4G prepaid unlimited data plans – Monthly, Bi-monthly, Tri-monthly
Additional benefits with some Airtel 4G prepaid plans:
Vodafone is one of the leading global telecom service provider with operations in many countries. Vodafone India is a partnership between Aditya Birla Group and Vodafone Group. It offers spectrum of services like 2G, 3G and 4G wireless services, mobile commerce and many more.
In India Vodafone offers GSM mobile services in most of the telecom circles. It covers almost all India from village to metro cities with 2G, 3G and 4G wireless services. Vodafone has many tariff plans which ranges from Rs. 19 to Rs. 3099 with validity up to 365 days. In several plans, Vodafone offers many additional benefits.
These are the web series on all the popular OTT platforms, which will be shortly launched in coming days. While some are fictional stories and some are based on facts. Subscribers of OTT platforms are eagerly awaiting these web series and movies as work from home culture is here to stay for long and only thing they want is some healthy entertainment.
So, below are the list of hindi current and upcoming Web-Series and Movies on Netflix, Amazon prime video, MX player, You tube premium, Zee5, ALT Balaji, Eros Now, Disney+Hotstar, Jio cinema, Voot etc.
AICPIN – IW for March 2022 has been released by Labour ministry on 29.04.2022. After declaration of AICPIN-IW for January, February and March 2022, the DA hike for Bank employees from 1st May 2022 are known to us for 11th and 10th BPS. The IBA has also released the official circular of DA hike on 2nd May 2022.
DA for bankers from 1st May 2022 for 11th BPS will increase to 33.04%, increment of 0.07 %.
DA for bankers from 1st May 2022 for 10th BPS will increaseto 95.00%, increment of 0.10 %
DA hike for bankers from 1st May 2022 as per 11th BPS:
Dearness Allowance (DA) hike for bank employees from 1st May 2022 for 11th BPS
The AICPIN– IW (All-India Consumer Price Index Number – Industrial Workers) for March 2022 has been released on 29.04.2022 (Friday), the last working day of April month, by Labour Bureau, under Ministry of Labour and Employment.
March 2022 AICPIN – IW for Dearness Allowances of CPSE, PSU, Govt., Bank employees:
Expected DA hike for Central Government employees from 1st July 2022in 7th cpc, 6th cpc and 5th cpc pay scale will be known to us after the declaration of AICPIN of period Jan’22 to Jun’22. Till now, AICPIN of Jan, Feb, Mar have been declared. So, after the release of AICPIN of Apr, May and Jun’22, the DA hike for central government employees from 1st July 2022 will be declared by the Finance ministry.
DA hike from 1st Jan 2022 are known to us after releasing of AICPIN of Dec’21 on 31.01.2022. DA hike for Central Government employees from 1st Jan 2022 has been declared, which is 34% for 7th cpc and 203% for 6th cpc.
DA for 7th Pay central government employees has been hiked to 34%from 31%, increment of 3%, w.e.f. 1st January 2022.
DA for 6th Pay central government employees has been hiked to 203% from 196%, increment of 7%, w.e.f.1st January 2022.
DA for 5th Pay central government employees has been hiked to 381% from 368%, increment of 13%, w.e.f.1st January 2022.
AICPIN-IW for February 2022 has been released by Labour ministry on 31.03.2022. The IDA from 1st April 2022 for PSU or CPSE of 3rd PRC and 2nd PRC and others are known to us after declaration of Feb’22 AICPIN.
IDA from 1st April 2022 has been increased by 0.6 % and IDA will be 30 % for 2017 (3rd PRC) CPSE or PSU employees.
IDA from 1st April 2022 has beenincreased by 1.2 %, and IDA will be 185.3% for 2007 (2nd PRC) CPSE or PSU employees.
DR hike for central government pensioners and family pensioners has been increased to 34 % with effect from 1st January 2022.The DoPPW has issued the DR hikeorder dated 5th April 2022 .
Dearness Relief (DR) hike from 1st Jan 2022 for Central Government pensioners / family pensioner for 7th CPC pay scale with DPPW letter:
The DoPPW has issued the 1st Jan 2022 DR hike order dated 5th April 2022. The DR, dearness relief for the pensioners either for Central Government pensioners and for family pensioners has been hiked from 1st Jan 2022.
Department of Pension & Pensioners’ Welfare under Ministry of Personnel, Public Grievances & Pensions announces the Dearness Relief two times in a year.
In a financial year, we can save income tax by investing in LIC, health insurance, medical preventive checkup etc. But, while filing income tax return, we have to claim these expenditure and investments to get the tax benefit. If you have not declared at the start of financial year about these investments and tax has been deducted already, then you will get the refund for that.
There are many sections of income tax, which deal with income tax deductions and rebates, and so is the confusion or say lack of clarity. So, we have collected all the sections in a table as well as the individual details of each section to get better understandings.
Income tax Sections of deductions and rebates for Residents and Non-Residents in a single screenshot:
Every year in the General budget, the main focus of people remains on the income tax slabs. So, for FY 20-21 onward, Finance minister has introduced one new option for income tax calculation along with the existing one. In new option, FM has reduced the income tax in some slab. Income tax rate slab for Individual, HUF, senior citizen, super senior citizen, domestic company, Co-operative Society and Surcharge on higher incomes are given below.
Excel Income tax calculator FY21-22 (AY 22-23) and FY 22-23 (AY 23-24). Which one will save more tax, New income tax or Existing income tax?
Summary :
‘Existing’ income tax rate slab – If you have more ‘savings’ like 80C, Home loan interest, NPS, APY etc
‘NEW’ income tax rate slab – If you have less ‘savings’ like 80C, Home loan interest, NPS, APY etc
Income tax rate slab for Financial Year FY21-22 (AY 22-23) and FY 22-23 (AY 23-24) in India :
Smt. Nirmala Sitharaman presented Union Budget for FY 2020-21, in which she had introduced new tax slab with the present tax slab and gave us two tax options to choose. So, obviously confusion started as which one is better?
So, here you have one simple Excel Calculator for income tax, in which only you have to put salary and your deductions, that’s it. Rest leave all to this excel calculator, which will show you the tax amount in old regime, tax amount in new regime and their difference indicating which one is suitable for filing the income tax return for the financial year FY21-22 (AY 22-23) and FY 22-23 (AY 23-24).
