On 1st February 2025, FM has introduced new income tax slab for individuals for FY 2025-26. This time the deduction and tax slabs have been changed to give relief to salaried class. For FY 25-26, there is a change in the New income tax slab, while the slabs of Old tax regime has been keptContinue reading “Free Excel Income tax calculator for FY 25-26 (AY 26-27) of Old and New tax regimes”
Category Archives: Finance
DA hike for Indian Army, Navy, Air force from 1st July 2025
Dearness Allowance (DA) hike for defence forces like Indian Army, Indian Navy, Indian Air force from 1st July 2025 is known to us after the declaration of AICPIN of period Jan’25 to June’25. The DA hike for defence forces like Indian Army, Indian Navy, Indian Air force from 1st July 2025 will be declared officiallyContinue reading “DA hike for Indian Army, Navy, Air force from 1st July 2025”
DR hike for central govt. pensioners and family pensioners from 1st July 2025
Dearness Relief (DR) hike for Central Government pensioners and family pensioners from 1st July 2025 is known to us after the declaration of AICPIN of period Jan’25 to June’25. The DR hike for central government pensioners and family pensioners from 1st July 2025 will also be declared officially by DoPPW in the month of October’25.
Latest Fixed deposit interest rates’ comparison of 12 Indian Govt. banks
After RBI’s change in monetary policy, most of the banks usually revise their Fixed deposit interest rates in synchronization with the policy of RBI. Here, we have compared all the 12 public sector banks or nationalized banks’ fixed deposit interest rates of SBI, PNB, BoB, Canara bank, UBI, Indian, IOB, Uco, BoM, PSB, BoI, CBIContinue reading “Latest Fixed deposit interest rates’ comparison of 12 Indian Govt. banks”
Income tax bill 2025 vs Income tax act 1961 – section wise comparison mapping
In Feb’25, the Finance minister presented Income tax bill 2025, which if passed will be implemented with effect from 1st April 2026. This Income tax bill 2025 is very very different than Income tax act 1961 in many ways.
Unified Pension Scheme (UPS) pension benefits, DA, DR details
On 24th Jan’25, the central govt. notifies the Unified Pension scheme option for government staff covered by NPS. The union cabinet had first approved the Unified Pension Scheme (UPS) On 24th August 2024. Till now, there were 2 options of pension – Old Pension Scheme (OPS) and New Pension Scheme (NPS), but now we haveContinue reading “Unified Pension Scheme (UPS) pension benefits, DA, DR details”
Comparison of pension schemes UPS, NPS and OPS with 3 case studies
In August 2024, the union cabinet approved Unified Pension Scheme or UPS for the central government employees. Later Unified Pension Scheme or UPS may be adopted by the states and Public sector units (PSU) as well.
NPS (New pension scheme) vs NPS Vatsalya
New pension scheme (NPS) is a pension scheme launched by Govt. of India in 2004. In the NPS, any person can contribute some amount annually up to 70 years, then he or she will receive monthly pension after retirement. It is a very popular market-based scheme among working employees, businessmen and others. And NPS VatsalyaContinue reading “NPS (New pension scheme) vs NPS Vatsalya”
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.
New STCG tax, Revised LTCG tax on property, listed (stocks, MF, ETF) and unlisted assets (Real Estate, Gold)
On 23rd July 2024, the budget presented by our FM changed the whole capital gains structure in a massive way. Capital gains include both short term capital gains (STCG) and long term capital gains (LTCG). Short term capital gains (STCG) and long term capital gains (LTCG) applies mostly on listed assets and unlisted assets both.
Minimum balance requirement and charges for not maintaining QAB or MAB in Indian banks
In most of the Indian banks, if you have a bank account, you need to maintain a minimum balance amount per month or per quarter. If you fail to do so, you will be charged for not maintaining the minimum balance amount known as Quarterly Average Balance (QAB) or Monthly Average Balance (MAB).
12th BPS for Bank officers and workmen – all the benefits you should know
On the historic day of 8th March 2024, the IBA and workmen unions of bank signed the 9th joint note of 12th BPS or bi-partite settlement. The wage revision of bank employees occurs every 5 years. It takes usually 1.5 to 2 years in negotiation to conclude the wage revision. IBA on the behalf of memberContinue reading “12th BPS for Bank officers and workmen – all the benefits you should know”
Comparison of Old Pension Scheme vs New Pension Scheme
Indian government employees after retirement used to get the pension under the old pension scheme, called OPS. But, from 22nd Dec 2003, New Pension Scheme called NPS came into existence and since then nothing remained same for the working employees. In every corner of India whether it is central government employees or state government employees,Continue reading “Comparison of Old Pension Scheme vs New Pension Scheme”
Nifty 50 Exchange Traded Fund (ETF) like ‘Niftybees’, is’t safest bet?
Is the Nifty 50 Exchange Traded Fund (ETF) like NiftyBeES best and safest in the share market as market is falling and you are tempted to invest in the stocks which you always wanted to buy?
Savings account interest rates’ comparison of SBI, ICICI, PNB, HDFC, BoB, Axis and other banks
Saving interests in Indian banks are on the increasing trend and after latest RBI’s decision, most of the public sector banks and private banks have reduced the savings interest drastically. Here we are comparing savings account interest of all govt. banks and 3 largest private banks ICICI, Axis and HDFC.
DA hike for CDA pattern employees of CPSEs from 1st July 2022
DA hike for CDA pattern employees (HPPC) of CPSEs, drawing pay in 7th cpc pay scales, 6th cpc pay scales and 5th cpc pay scales, from 1st July 2022 has been declared by Department of Public Enterprises under Ministry of Finance.
Difference between Short term and Long term capital gains
Capital gains definition: Capital gains are the gains arising from the sale of any type of capital assets like immovable property, equity shares (listed or Un-listed), debt-fund, mutual fund, Jewellery etc. We’ll know the difference between Short term and Long term capital gains below in detail. (source: Income tax India)
India’s Retail Inflation rate of December 2021, Consumer Price Index (CPI), CFPI number of December 2021
Retail Inflation rate and CPI number for December 2021 of India has been declared on 12th January 2022 by the National Statistical Office (NSO), under Ministry of Statistics and Programme Implementation (MoSPI). December 2021 Inflation (general) is 5.59 %, increased by 13.85 % over November 2021 Inflation (general) of 4.91 %. December 2021 Inflation (general)Continue reading “India’s Retail Inflation rate of December 2021, Consumer Price Index (CPI), CFPI number of December 2021”
Mobile app for income tax, steps to file ITR through Mobile App
Income tax of India has taken new shape with advanced features. There are many changes in the income tax portal from 7th June 2021. The most important additional feature is now ITR can be filed through Mobile App also as well as through desktop. When almost every taxpayer has smartphone, so this mobile app isContinue reading “Mobile app for income tax, steps to file ITR through Mobile App”
Dearness allowance and Dearness Relief freezed till 30th June 2021 for Central Government employees
Dearness allowance and Dearness Relief freezed till 30th June 2021 for Central Government employees In a major setback for lakhs of employees, the Government has freezed the DA/DR till july 2021.