AICPIN-IW for January 2021 has been released by Labour ministry on 26.02.2021. After declaration of AICPIN-IW for February 2021 on 31.03.2021, the IDA from 1st April 2021 will be calculated.
Already, the IDA calculation has been updated till March 2021 for DA hike from April 2021, which is shown below in the table for CPSE or PSU employees. But, below increase won’t apply till 30.06.2021.
IDA from 1st April 2021 will be decreased in the range of 1.34 % to 0.38 % after releasing of February 2021 AICPIN-IW on 31.03.2021 and IDA rate will be in the range of 22.36 % to 23.32 % for 2017 (3rd PRC) CPSE or PSU employees.
IDA from 1st April 2021 will be decreased in the range of 2.89 % to 0.78 % after releasing of February 2021 AICPIN-IW on 31.03.2021 and IDA rate will be in the range of 168.61 % to 170.72 % for 2007 (2nd PRC) CPSE or PSU employees.
The AICPIN – IW (All-India Consumer Price Index Number – Industrial Workers) for January2021 has been released on 26.02.2021, Friday, the last working day of February month, by Labour Bureau, under Ministry of Labour and Employment.
January 2021 AICPIN – IW for Dearness Allowances of CPSE, PSU, Govt., Bank employees:
If you are father or mother of a new-born or less than 10 years’ girl child, then this is the scheme you would always wanted to take it for the welfare of your child. As you see the interest rate on savings bank schemes, only direction it knows is ‘downward’.
Also the fixed deposit interest rate is slightly more about 5-7 %, but here you have to pay the income-tax on the interest amount, so net interest rate you earn as same as the savings bank account interest rate. So, this Sukanya Samriddhi Yojana scheme is the best option for the well-being of the child in future.
Return on investment at the maturity of Sukanya Samriddhi Yojana Account:
The interest rate on Sukanya Samriddhi Yojana account has been reduced to 7.6 % in the quarter Jan to Mar 2021, so the return on the investment at the maturity will also be reduced, considering the same interest rate applies to whole period, if you start today.
Retail Inflation rate and CPI number for January 2021 of India has been declared on 12th February 2021 (Friday) by the National Statistical Office (NSO), under Ministry of Statistics and Programme Implementation (MoSPI).
Retail Inflation rate in India for January 2021 is 4.06% against 4.59% in December 2020, based on CPI (General) while the Inflation rate based on CFPI (Food) for January 2021 is 1.11% against 3.41% in December 2020. The Combined CPI (General) value for January 2021 is 156.3 vs 157.3 in December 2020.
Fixed deposit interest rates comparison of ICICI, Axis, HDFC:
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.
HRA will be hiked for 7th CPC Central Govt. employees and Armed Forces personnel, as DA crossed 25%, from 1st Jan 2021:
Since 1st January 2021, the calculated Dearness Allowance is 28%. As per 7th CPC, there is a condition that HRA will be revised if DA crosses 25%. So, accordingly the HRA will be increased to 27 % / 18 % / 9 % from presently 24 % / 16 % / 8 %, based on the population of city. But, this increase will not be implemented now, as the DA/DR is freezed till 30.06.2021.
11th bipartite settlementDA for Feb, March and April 2021: IBA has issued the order of DA for bank employees, workmen and officers on 1st Feb 2021, which is 26.18 %, hike of 2.31% from last quarter in DA for Bank employees from 1st February 2021.
Dearness Allowance (DA) rate hike for workmen and officer employees in banks from 01.02.2021, as per 11th bipartite settlement:
As per 11th bipartite settlement, the DA for bank employees, workmen and officers from 1st February 2021 will increase to 26.18 %, increment of 2.31 % from last quarter.
Dearness Allowance (DA) for workmen and officer employees in banks from 01.02.2021, as per 10th bipartite settlement:
The Finance minister Smt. Nirmala Sitharaman has presented the budget in Parliament for year 2020-21 on 1st February, 2021. The official website for union budget is https://www.indiabudget.gov.in/, where the current and previous budgets documents, economic surveys are available.
Dearness Allowance, DA applicable to defence forces like Indian Army, Indian Navy, Indian Air force from 1st Jan 2021 will be increased by 3 % from 25 % to 28 % in 7th CPC pay scale.
Dearness Allowance of Indian Army, Navy, Air force from 1st Jan 2021:
Dearness Allowance, DA applicable to defence forces like Indian Army, Indian Navy, Indian Air force from 1st Jan 2021 calculation is known after December AICPIN-IW declaration on 29.01.2021. The Department of Defence under Ministry of Defence of Government of India release the official order of DA, two times in a year.
AICPIN-IW for December2020 has been released by Labour ministry on 29.01.2021. So, the DA calculation has also been updated till December2020, which is shown below in the table for defence forces like Indian Army, Indian Navy, Indian Air force.
The Dearness allowances applicable for defence forces like Indian Army, Indian Navy, Indian Air force will not be hiked by Govt. of India at present, as it is freezed till 30.06.2021. But, till then we are calculating the quantum of DA increase on percentage basis in this post. This same increment of DA will be added with effect from 1st July 2021.
AICPIN-IW for January 2021 has been released by Labour ministry on 26.02.2021. So, the DA / DR calculation has also been updated till January 2021, which is shown below in the table for 7th CPC and 6th CPC pay scale employees.
The Dearness allowances and Dearness relief applicable for central Government employees will not be hiked by Govt. of India at present as it is freezed till June 2021. But, till then we are calculating the quantum of DA / DR increase on percentage basis in this post. This same increment of DA / DR will be added with effect from 1st July 2021.
DA for Central Govt. Employees from 1st Jan 2021 will increase by 3 %, from 25 % to 28 % for 7th CPC pay scale.
DA for Central Govt. Employees from 1st Jan 2021 will increase by 7 %, from 182 % to 189 % for 6th CPC pay scale.
In this post, High security registration plate (HSRP) cost and online apply process in all the states and UTs are mentioned for 2-wheelers, 4-wheelers, LMV, HMV, tractors, trailers, combination etc. and also tells about how to apply online, how to take online appointment for HSRP, how to reschedule HSRP, how to cancel HSRP in Delhi, UP, Punjab and other cities.
Summary : Maximum savings – Existing or OLD income tax rate slab, Minimum savings – NEW income tax rate slab.
Income tax rate slab for Financial Year 2020-21 in India :
Smt. Nirmala Sitharaman presented Union Budget for FY 2020-21, in which she had mentioned all sector’s budget allocation, performance. GDP forecast, budget deficit etc., but the most important topic like always was the tax rate slab change. People were eagerly glued on to TV, mobile for this tax rate change.
Now she has introduced new tax slab and given us both the option 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 next financial year 2020-21.
Kumbh Mela Haridwar 2021 is the Purna Kumbh Mela held after every 12 years. But due to some specific auspicious dates falling in 2021, it was decided to shift the holy festival dates by 1 year, to year 2021 in place of year 2022.
Why Kumbh Mela is celebrated?
According to Hindu mythology, after Samudra manthan by Gods and Asuras (Demons), they got Amrit (Nector of immortality). This Amrit was stored in a Kumbh (pitcher). Then a fight started between both groups over the possession of the Kumbh (pitcher) containing Amrit. During this fight some drops of Amrit spilled over at four places on earth namely Prayagraj, Haridwar, Ujjain and Nashik. Commemorating this mythical event the Kumbh Mela is held four times every twelve years at these four places.
Hindu pilgrims come to these same four places at the banks of rivers in Prayagraj, Haridwar, Ujjain and Nashik, where they take a holy dip in the river and offer prayers to the God.
The last Kumbh Mela in Haridwar was celebrated from Makar Sankranti i.e. 14 January 2010 to Shakh Purnima Snan, 28 April 2010, about 4 months. In the last Kumbh Mela in Haridwar, about 70 lakh people (7 million) had taken the holy dip in the river Ganga.
Start date and end date of Kumbh Mela Haridwar 2021:
Post office and small savings Interest rates for period of 1st April to 30th June 2021 will be declared on 31.03.2021 by Govt. of India. The finance ministry declares the revised interest rates for these small savings schemes quarterly, means every 3 months.
Govt. order of ‘Post office fixed deposits and small savings schemes Interest rates’ for 1st Jan 2021 to 31st Mar 2021:
For Post office fixed deposit and small savings schemes Interest rates from 1st Jan 2021, there is no change for the period of 01.01.2021 to 31.03.2021. It will remain same as the rates of the period October to December 2020 for PPF, KVP, SSY, SCSS, NSC, MIS, post office savings deposit, Time deposit, Recurring deposits. The order is below:
In India, we have so many holidays, perhaps the most in the world in a calendar year. This is due to our faith in multi religious society and fraternity among us. In this post, we’ll see many Central Govt. Compulsory, Bank, Public, Gazetted, Restricted, Optional holidays list, many state’s holidays list, many PSU’s holidays list, NSE-BSE-MCX holidays list etc. for the year 2021.
The Government of India first issue the holidays guidelines for central, state and UTs. The department of Personnel and Training under ministry of Personnel, Public Grievances and Pensions issue these holiday guidelines.
In the holiday guidelines, compulsory holiday list and optional holiday list both are issued. For all India regions, 14 holidays are mandatory and 3 holidays are optional.
Order of Extension of Fitness, Permit (all types), License, Registration etc till 31 March 2021:
On 27th Dec 2020, the Transport ministry of India has extended the validity of RTO related documents and vehicle related documents like driving license, Registration, Permit of all types and fitness certificates till 31st March 2021 in view of the COVID-19 situation.