FY 2020-21 Income tax Sections of deductions and rebates for Resident and Non-Resident Indian

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:

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Camera for the blind !

We know that eyes can capture the beauty of our world. But what if one does not have eyesight? So, there is a hope for blind people as at least 2 developer has come up with a smart solution, so that they can also feel the natural beauty, man-made sculptures etc.

With the help of these smart camera, blind people can take photo as well as feel the shape too. Like if they take photo of Statue of Liberty or Taj Mahal or Eiffel Tower, then they can feel the shape by touching the camera, which is 3D.

There are 2 companies among many more, who has come up with such smart camera:

1. Blindtouch – Camera for the blind:

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WiFi Calling in India, Airtel vs Jio comparison

WiFi calling in India, Airtel or Jio? Which one is better?

Which one is better in Wi-Fi calling, Airtel vs Jio? In India, first Airtel started the VoWifi (Voice over Wi-Fi signal) calling or simply Wi-Fi calling feature in select cities followed by Reliance Jio. Already 1 million Airtel customers have opted for Wi-Fi calling feature till 10th Jan, 2020.

With WiFi calling feature, you can call without having mobile internet ON. It will help especially for indoor purpose, home or office, as usually the mobile signal strength remains weak there, but Wi-Fi signal is strong from any normal or FTTH broadband.

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Whatsapp has introduced ‘Disappearing messages after 7 days’

Jump to the News:

  1. Disappearing messages on WhatsApp : How to enable or disable?
  2. Whatspp UPI payment to go live in India w.e.f 5th Nov, 2020
  3. whatspp chat mute option for ‘always’ launched on 23rd Oct 2020
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FY 19-20, FY 20-21 Income tax rate slabs for Individual, HUF, senior citizen, super senior citizen and Surcharge

Important Notice:

Last date of ITR filing for FY 2019-20 or AY 2020-21 is extended to 31st Dec, 2020 (31.12.2020) : click here for order.

Major Contents in the Post: (Jump to the Section)

  1. For FY 2020-21, comparison of tax slabs: New vs Existing
  2. Income tax rate slab for people below 60 years of age
  3. Income tax rate slab for Senior citizen, aged 60 to 80 years old
  4. Income tax rate slab for Super Senior citizen, above 80 years old
  5. Surcharge rate slabs of income tax for additional income
  6. Income tax rate slabs for Domestic companies
  7. Income tax rates for Partnership firms
  8. Income tax rates for Local Authority
  9. Income tax rates for Foreign companies
  10. Income tax rates for Co-operative societies

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.

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Savings account interest rates of SBI, ICICI, PNB, HDFC, BoB, Axis, Canera, UBI, Indian, IOB, Uco, BoM, PSB, BoI, CBI for November 2020

Saving interests in Indian banks are on the decreasing trend and after latest RBI’s decision, most of the public sector banks and private banks have reduced the savings interest drastically.

Major Contents in the Post: (Jump to the Section)

  1. Banks list after merger
  2. Savings Interest rate of SBI, State Bank of India
  3. Savings Interest rate of PNB, Punjab National Bank, OBC, UBI
  4. Savings Interest rate of BOB, Bank of Baroda, Vijaya bank, Dena bank
  5. Savings Interest rate of Canara bank, Syndicate bank
  6. Savings Interest rate of Union bank, Corporation bank, Andhra bank
  7. Savings Interest rate of Indian bank, Allahabad bank
  8. Savings Interest rate of Indian Overseas Bank, Uco Bank, Bank of Maharashtra
  9. Savings Interest rate of Punjab and Sind Bank, Bank of India, Central Bank of India
  10. Savings Interest rate of ICICI Bank, HDFC Bank, Axis Bank

In India there are so many banks, Public sector banks, partial government controlled bank, Private banks, Co-operative banks and other NBFCs, Non-banking financial company acting like a bank. So, compare all the Govt. & large Private banks savings interest comparison here at single glance.

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Fixed deposit interest rates of SBI, PNB, BoB, Canera, UBI, Indian, IOB, Uco, BoM, PSB, BoI, CBI in December 2020

After RBI’s change in monetary policy, most of the banks usually revise their Fixed deposit interest rates in synchronization with RBI. Here we have compared all the 12 public sector banks or nationalized banks – SBI, PNB, BoB, Canera bank, UBI, Indian, IOB, Uco, BoM, PSB, BoI, CBI fixed deposit interest rates at one place.

Major Contents in the Post: (Jump to the Section)

  1. Fixed Deposit, TDS on FD, Form 15G, Form 15H download
  2. How to open Fixed deposit in SBI, PNB, BOB etc.
  3. Penalty when you break FD pre-maturily
  4. Fixed deposit Interest rate of SBI, State Bank of India for general public
  5. Fixed deposit rate of PNB, OBC, UBI, BOB, Vijaya, Dena, BOI, CBI for general public
  6. Fixed deposit rate of Canara, Syndicate, Union, Corporation, Andhra for general public
  7. Fixed deposit rate of Indian, Allahabad, IOB, UCO, BOM, PSB for general public
  8. Senior Citizen Fixed deposit Interest rate of SBI, State Bank of India
  9. Senior Citizen Fixed deposit rate of PNB, OBC, UBI, BOB, Vijaya, Dena, BOI, CBI
  10. Senior Citizen Fixed deposit rate of Canara, Syndicate, Union, Corporation, Andhra
  11. Senior Citizen Fixed deposit rate of Indian, Allahabad, IOB, UCO, BOM, PSB

There are so many private banks, co-operative banks and NBFCs, but due to the importance of money, we Indians still prefer Nationalized banks, as there is almost a guarantee from Government.

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FY 19-20, FY 20-21 Income tax return e-filing, exemptions, deductions, e-payment, refund

Extension of ITR filing deadline by CBDT:

The due date for furnishing of Income Tax Returns has been extended from 30th November to 31 December for the financial year 2019-20 or AY 2020-21. The order copy is attached below:

Major Contents in the Post: (Jump to the Section)

  1. How to e-file Offline ITR and Online ITR?
  2. Which ITR to file for different categories like Individual, 2-house etc?
  3. Income tax Deductions list like 80C, 80D, 80G etc.
  4. How to e-verify ITR after filling form?
  5. What is ‘Form 16’ for filling ITR?
  6. How to do e-payment of challan 280 in ITR?
  7. How to claim refund and refund status?
  8. Income tax calculator in Excel.
  9. Income tax rate slabs for below 60 age, senior and super senior citizen
  10. Income tax help line and social contacts like twitter, facebook etc.
  11. Income tax act 1961, law and ITAT policy.
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Online apply for driving licence in Noida, Greater noida, NCR

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.

Noida RTO office for driving license, where you can apply online
Noida RTO office for driving license

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.

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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?

Because as soon as you get into the stock, the share price of that particular stock starts falling, left you in frustration. This is the normal story of most of the investors. So, what is the solution, how to skip this up and down cycle and almost be sure not to lose your hard-earned money?

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Latest 4G prepaid comparison of Airtel, Vodafone and Jio

The Tariff plans of all three 4G telecom operators have been changing continuously. So, which plan is best for you, that depends on your requirement. If you want talk-time, you need one plan, but if you priority is data, then you will have to recharge another plan.

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New Education policy 2020 vs NPE 1986

On 29th July 2020, the union cabinet have approved the New Education policy 2020, in which many changes have been introduced in comparison to the existing education policies of National policy on education, 1986.

Comparison between NEP 2020 (New education policy) Vs NPE 1986 (National policy on education) :

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Google 3D view of Lion, Tiger or any animal in Home

Google 3D animal in Home
Google 3D animal in Home from Mobile

Google has made possible for animals to roam in your home. And that also not pet animals like dog and cat only, but the whole range of wild animals. Thanks to augmented reality, this is now possible for anyone from his mobile. At the end, VIDEO of ‘How to do it’ is also there.

Requirement for Google 3D view of lion, tiger etc.

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Nepotism in Politics, Sports, Film and Business!

Nepotism : what is nepotism?:

Dictionary says “the practice among those with power or influence of favouring relatives or friends, especially by giving them jobs, is called nepotism”. So, does the Nepotism in Politics, Sports, Film and Business exist?

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Dearness allowance freezed till July 2021 for Goverment employees

In a major setback for lakhs of employees, the Government has freezed the DA/DR till july 2021.

As per Department of Expenditure, finance ministry, letter has been issued to freeze the Dearness allowance for central government employees and Dearness relief to central government pensioners till july 2021 via letter no. 1/1/2020-E-II (B), Department of Expenditure, finance ministry, Government of India, dated 23rd April, 2020.

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How much mobile consumes electricity?

Today we all almost are using mobiles be it simple basic phone or smartphone and we have to charge it also regularly. Also we use tablet, laptop etc. in our home. So, one thing always comes in mind that since mobile charging is necessary but how much electricity is consumed by mobile?

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Top 10 free Android mobile games

If you are bored playing same repetitive games again and again, then these are the games which can be played for fun and quality time. Playing game is stress relieving and bonding with your family members. All the games are compiled by experts and you can download these from Google play store. These list include top 10 android mobile games, car racing games, upcoming games etc.

Top 10 Android games compiled by android authority (Free):

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Yes bank share price?

YES BANK SHARE PRICE NOW : on NSE

YES BANK SHARE PRICE NOW : on BSE

Now the bank has started crawling towards success with better management, better investors and solid future action plans.

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Jio phone 2 and Jio Prepaid tariff

If you want your basic phone in a new updated avtaar, then for you, Jio phone 2 is here. which has the features of basic plus smart both in combined. Also the Jio tariffs are kept in various slabs from low to high keeping in mind of the profile of users.

Jio phone 2 features are :

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