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?
‘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).
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 amount you want to invest. And that’s it.
Excel Calculator of Sukanya Samriddhi Yojana (SSY) Scheme – Screenshot:
I am attaching here the screenshot of Excel Calculator of Sukanya Samriddhi Yojana (SSY) Scheme, which will give you the feel, how it looks like.
Download Excel Calculator of Sukanya Samriddhi Yojana (SSY) Scheme:
T20 Men’s world cup 2022 will be held in Australia from 16.10.2022 to 13.11 2022. The 16 international teams will play 45 matches around Australia. Australia was originally scheduled to host the event in 2020, but it was postponed due to COVID-19 and re-scheduled for 2022.
First time, 45 Indian central universities are taking admissions for undergraduate programmes through a common test CUET (Common University Entrance Test) for academic year 2022-23. The Common University Entrance Test is a computerised exam, which will be conducted by National Testing Agency (NTA).
Highlights of Common University Entrance Test (CUET):
If you are interested in web series on OTT (Over the top) platforms in India, then first thing comes in mind, on which OTT platform and how? As due to 4G spread and now 5G at the corner in India, the web series engagement is going to be more bigger and larger. There are many OTT platforms on which web series can be watched. Very few are available for free and mostly are on paid subscription basis, like monthly, bi-monthly, quarterly, half-yearly and yearly.
Top 12 OTT platforms in India for web series and movies from many languages:
MoRTH (Ministry of Road Transport and Highways) has issued a new number series BH (Bharat) for vehicle under Central Motor Vehicles (20th Amendment) Rules, 2021. It is for those people, who has to move from one state to another in case of job transfer or for any other reason, as they face difficulties in the re-registration of their vehicle in new state. To overcome this cumbersome process, this BH series vehicle registration process has been started from 15th September 2021 across all over India. It is on voluntary basis.
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).
So, what is the minimum balance amount for all the banks?
It depends completely on the bank.
Quarterly Average Balance (QAB) means minimum balance of 3 months.
Monthly Average Balance (MAB) means minimum balance of 1 month.
It is not fixed but gets revised from time to time.
The charges are divided into categories like Urban / Rural, Metro / Non-Metro etc.
Comparison of banks regarding Minimum balance amount and charges for not maintaining Quarterly Average Balance (QAB) or Monthly Average Balance (MAB):
Minimum Balance Amount (QAB/MAB)(₹)
CHARGES for not maintaining QAB / MAB(₹)
SBI (State Bank of India)
PNB (Punjab National Bank)
500 / 1,000 / 2,000 (QAB)
50 to 250
BOI (Bank of India)
500 / 1,000 (QAB)
100 to 200
BoM (Bank of Maharashtra)
500 / 1,000 / 2,000 (MAB)
10 to 75
500 / 1,000 (MAB)
25 to 45
1,000 /2,500 (MAB)
10 to 100
Indian Overseas Bank
500 / 1,000 (QAB)
75 to 150
2,000 / 5,000 / 10,000 (MAB)
250 to 350
10,000 for Urban (MAB)
5 per 100 of the shortfall + 75
2,500 / 5,000 / 10,000 (QAB/MAB)
150 to 600
Comparison of banks regarding Minimum balance amount and charges for not maintaining QAB or MAB
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.
You have already HSRP installed with 3rd registration plate either from dealer or by OEM. But what will happen if it gets broken or damaged in road accident or in some other way? In case of non-HSRP, you just go to any number plate vendor and change the plate, but not any more.
There is a thorough guidelines made by Transport ministry of India in case of replacement of high security registration plate (HSRP) and Color coded sticker, if it is broken or damaged. The replacement can only be done by authorised agency. In this article, we will see about all the nitty-gritty of this replacement process and know the replacement cost of HSRP and sticker state-wise.
Replacement process of High security registration plate (HSRP) and Color coded sticker in case of damage or breakage:
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 2022.
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.
On 8th Feb’22, the Crypto currencies’ total market cap has increased to approx. $2 trillion, above from its low of $1.6T in Jan’22. but still much below from its all time high of about $3 trillion in Nov’21. Will it go down more or recover, only time will tell. (Source: Coinmarketcap)
Today, Bitcoin (BTC) also crossed the psychological level of $45,000 and it has increased about 50% since the low of Jan’22, which was approx. $30,000. Altcoins like Ethereum, Shiba Inu, Dogecoin, Matic, BNB, Solana, IOTX and many more also increased up to 30 %.
22.01.2022 – Bitcoin and altcoins updates
On 22nd Jan’22 at 4.28 pm IST, the Crypto currencies’ total market cap is about $1.602 trillion from the all time high of about $3 trillion in Nov’21. So, the whole crypto market is down about 46.7% from its all time high. Will it go down more or recover, only time will tell. (Source: Coinmarketcap)
Today on 22nd January 2022, the Bitcoin reached to $34,349. Bitcoin is almost 50% down from its all time high (ATH) of $68,789 on 8th Nov’21.
Delhi RTO has extended the validity of license up to 31.03.2022. This extension is given, as due to covid situation, driving skill test has been suspended.
Delhi has the largest number of vehicles registered in India. So obviously Delhi RTOs were burdened with a large number of requests like driving license related services, vehicle related services and Permit related services. So, Delhi transport Govt. launched online services for most of the services for Indians residents based on Aadhaar. You don’t have to visit to any RTO in person, which is a boon for the residents of Delhi.
Out of 35 services in total offered by Delhi RTO, 33 are now online. Only for 2 services, you must visit to RTO,
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) is 5.59 %, increased by 21.79 % over December 2020 Inflation (general) of 4.59 %.
December 2021 Inflation (food) is 4.05 %, increased by 116.5 % over November 2021 inflation (food) of 1.87 %.
December 2021 Inflation (food) is 4.05 %, increased by 18.77% over December 2020 inflation (food) of 3.41 %.
Now, UP Govt. has launched contactless service through e-KYC, in whic through Aadhaar, you can give online test and get your Learner License online.
How to apply online for driving license in RTO Noida sector 32?
If you want to apply online for Driving licence of 2-wheeler or 4-wheeler in Noida, Greater Noida, NCR, then you can do it yourself sitting comfortably at home. There is no need to go to agent or go to RTO office for that. Just follow these easy instructions, keep your documents ready and should have some online payment medium like UPI, Net banking, Paytm, Credit card or Debit card etc.
The Ministry of Road Transport & Highways (MoRTH) has proposed the Vehicle scrappage policy and Incentives under it from 1st April 2022 for old and polluting vehicles.
Under the vehicle scrappage policy, the Ministry of Road Transport & Highways (MoRTH) has also implemented a scheme for setting up of one model Automated Inspection & Certification Centre for vehicle fitness test in each State / UT. Total 26 Inspection & Certificate centres (one each in 26 States/UTs) have been sanctioned by the Ministry under the scheme.
Model Automated Inspection & Certification Centre for vehicle fitness test across India:
The GR Infraprojects Limited (GRIL) has been emerged as the lowest bidder out of 3 bids applied for the extension of Aqua metro line in Noida-Greater Noida on 28.12.2021. This is the 4th time of tendering process for this line. So, if everything goes as per plan, the construction of metro in Noida extension or Greater Noida (west) may start in year 2022.
The Geo-technical investigation was already over, in which the strength of ground is accessed to build pillars. The metro construction will complete its phase-1 first out of 2 phases. Under Phase-1, 9.6 Km route will have 5 stations while in phase-2, rest 5.3 Km route will have 4 stations. The total cost of the project is about ₹2,682 crore.
Highlights of the Noida Metro Aqua line extension: