There are currently 2 Income tax regimes for FY 23-24 (AY 24-25) in India. The old tax regime and New tax regime – both are tax saving, but that depends on the ‘earned income’ and ‘types of savings’ of a person. So, how to choose wisely? This excel calculator will help you in finding theContinue reading “Excel Income tax calculator for FY 2023-24 (AY 24-25) with case studies”
Category Archives: Finance
Post office and small savings schemes Interest rates from 1st October 2023
The interest rates for the period from 1st October 2023 to 31st December 2023 of ‘Post office and small savings schemes’ like PPF, KVP, SSY, SCSS, NSC, MIS, post office savings deposit, Time deposit, Recurring deposits has been declared on 29th September 2023 (Friday) by the Finance Ministry.
AICPIN October 2023 for DA, DR of employees and Pensioners
The AICPIN for October 2023 has been released on 30.11.2023 (Thursday), the last working day of November month, by Labour Bureau, under Ministry of Labour and Employment.
बैंक पेंशन-धारकों की DR में अपेक्षित बढ़ोतरी 1 फरवरी’24 से 31 जुलाई’24 तक
अक्टूबर 2023 के लिए AICPIN – IW श्रम मंत्रालय द्वारा 30.11.2023 को जारी किया गया है। अक्टूबर, नवंबर, दिसंबर 2023 के AICPIN-IW की घोषणा के बाद बैंक पेंशनरों के लिए फरवरी से जुलाई 2024 तक महंगाई राहत (डीआर) बढ़ोतरी की गणना की जाएगी।
Expected Dearness Relief, DR hike of Bank Pensioners from Feb’24 to July’24
The AICPIN – IW (All-India Consumer Price Index Number – Industrial Workers) for October 2023 has been released on 30.11.2023, the last working day of November month, by Labour Bureau, under Ministry of Labour and Employment. Based on the AICPIN of October, November and December 2023, Dearness Relief (DR) hike from Feb’24 to July’24 willContinue reading “Expected Dearness Relief, DR hike of Bank Pensioners from Feb’24 to July’24”
केंद्र सरकार के कर्मचारियों के DA में अपेक्षित बढ़ोतरी 1 जनवरी 2024 से
अक्टूबर 2023 के लिए AICPIN-IW श्रम मंत्रालय द्वारा 30.11.2023 को जारी किया गया है। 7वें सीपीसी, 6वें सीपीसी और 5वें सीपीसी वेतनमान के लिए 1 जनवरी 2024 से केंद्र सरकार के कर्मचारियों के लिए डीए में अपेक्षित बढ़ोतरी जुलाई’23 से दिसंबर’23 की AICPIN-IW की घोषणा के बाद हमें ज्ञात होगी। इससे केन्द्र सरकार के 48.67Continue reading “केंद्र सरकार के कर्मचारियों के DA में अपेक्षित बढ़ोतरी 1 जनवरी 2024 से”
Expected DA hike for Central Government employees from 1st Jan 2024 (with latest update of Oct’23 AICPIN)
AICPIN-IW for October 2023 has been released by Labour ministry on 30.11.2023. DA hike for Central Government employees from 1st January 2024 for 7th cpc, 6th cpc and 5th cpc pay scales will be known to us after the declaration of AICPIN of period July’23 to December’23.
CPSE, PSU और सरकारी कर्मचारियों के लिए 1 जनवरी 2024 से अपेक्षित IDA
अक्टूबर 2023 के लिए AICPIN-IW श्रम मंत्रालय द्वारा 30.11.2023 को जारी किया गया है। इसलिए, PSU या CPSE के लिए तीसरी PRC और दूसरी PRC और अन्य वेतनमान के लिए 1 जनवरी 2024 से IDA हमें सितम्बर, अक्टूबर, नवंबर AICPIN के आंकड़े आने के बाद ज्ञात होगी। DPE के तरफ से आधिकारिक घोषणा जनवरी 2024 में हो जाएगी।
बैंक कर्मचारियों के लिए महंगाई भत्ता (DA) 1 फरवरी 2024 से
अक्टूबर 2023 के लिए AICPIN – IW श्रम मंत्रालय द्वारा 30.11.2023 को जारी किया गया है। अक्टूबर, नवंबर, दिसंबर 2023 के AICPIN-IW की घोषणा के बाद, 1 फरवरी 2024 से बैंक कर्मचारियों या बैंकरों के लिए DA वृद्धि हमें 11वीं और 10वीं BPS के लिए ज्ञात होगी।
Expected Dearness Allowances, DA for Bank employees or Bankers from 1st February 2024
AICPIN – IW for October 2023 has been released by Labour ministry on 30.11.2023. After declaration of AICPIN-IW for October, November and December 2023, the DA hike for Bank employees or Bankers from 1st February 2024 will be known to us for 11th and 10th BPS. IBA will also declare the DA hike circular forContinue reading “Expected Dearness Allowances, DA for Bank employees or Bankers from 1st February 2024”
Expected IDA from 1st January 2024, for CPSE, PSU and Govt. employees
AICPIN-IW for October 2023 has been released by Labour ministry on 30.11.2023. So, the IDA from 1st January 2024 for PSU or CPSE of 3rd PRC and 2nd PRC and others will be known to us after the declaration of AICPIN-IW of Sep’23, Oct’23 and Nov’23 months. DPE will also release the official DA hikeContinue reading “Expected IDA from 1st January 2024, for CPSE, PSU and Govt. employees”
Expected DA hike for Indian Army, Navy, Air force from 1st Jan 2024
On 23.10.23, MoD declared DA hike of 4%, increasing DA from 42% to 46%, for defence forces. The official circular for Indian Army, Navy, Air force have been issued by MoD.
Expected DR hike for central govt. pensioners and family pensioners from 1st Jan 2024
On 27.10.23, DoPPW declared DR hike of 4%, increasing DR from 42% to 46%, for Central Government pensioners. Dearness Relief (DR) hike for Central Government pensioners and family pensioners from 1st January 2024 will be known to us after the declaration of AICPIN of period July’23 to Dec’23. The DR hike for central government pensionersContinue reading “Expected DR hike for central govt. pensioners and family pensioners from 1st Jan 2024”
Fixed deposit (FD) interest rates comparison of ICICI, Axis, HDFC banks w.e.f. 18.11.23
ICICI bank, Axis bank, HDFC bank have revised their Fixed deposit or Term deposit interest rates in synchronization with latest RBI’s monetary policy. Now, FD interest rates are in the upward trend. Here we have compared 3 largest private sector banks’ fixed deposit interest rates for below Rs. 2 crore domestic deposits in tabular format.Continue reading “Fixed deposit (FD) interest rates comparison of ICICI, Axis, HDFC banks w.e.f. 18.11.23”
New IPO and upcoming main board IPO at NSE, BSE
In this post, the Current and Upcoming main board IPO has been discussed. Also, the IPO Allotment link, IPO listing date and IPO performance have been shown.
Sukanya Samriddhi Yojana Account SSY / SSA scheme details with calculator
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’.
HRA hike, CEA hike, TA hike for Central Govt. employees and PSU employees
As per 7th CPC, there is a condition that HRA for Central Govt. employees and CPSE or PSU employees will be revised if DA crosses 50%. Likewise, CEA will be increased by 25% if DA crosses 50% for 7th cpc Central Govt. employees and CPSE or PSU employees. Check the details below. The certain probabilityContinue reading “HRA hike, CEA hike, TA hike for Central Govt. employees and PSU employees”
Comparison of OLD and NEW income tax deduction, exemptions and rebate for FY 23-24
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 hasContinue reading “Comparison of OLD and NEW income tax deduction, exemptions and rebate for FY 23-24”
FY 23-24 (AY 24-25) Income tax rate slabs – ‘Old vs New’
For FY 23-24 (AY 24-25), the Income tax rate slabs – ‘Old vs New’ for Individual, HUF, senior citizen, super senior citizen and Surcharge has been covered in this post. The new income tax rate is same for all individual like ‘individual below 60 years of age’, for senior citizen between 60 to 80 yearsContinue reading “FY 23-24 (AY 24-25) Income tax rate slabs – ‘Old vs New’”
Excel calculator of Sukanya Samriddhi Yojana (SSY) scheme for girls
For those who want to invest in Sukanya Samriddhi Yojana (SSY) Scheme for girls, but are confused a little bit about the final sum calculation, this easy excel calculator will be very much helpful for them. In this easy excel calculator for Sukanya Samriddhi Yojana (SSY) Scheme, you need to change only the monthly amountContinue reading “Excel calculator of Sukanya Samriddhi Yojana (SSY) scheme for girls”