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:
Maximum savings – ‘Existing’ income tax rate slab,
Minimum savings – ‘NEW’ income tax rate slab.
Income tax rate slab for Financial Year 2020-21 (AY 21-22) 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.
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.
Income tax of India is taking new shape with advanced features. There are many changes coming 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 is a very welcome step for the convenience of tax filers.
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 and yearly.
Top 12 OTT platforms in India for web series and movies from many languages:
NHAI has issued an order to not to pay toll if queue is more than 100 meter long at toll plaza on 26th May 2021. It want to reduce waiting time at the toll plaza to 10 seconds per vehicle. For that a yellow line will be marked at 100m distance at all the toll plazas. Click here for Circular by NHAI.
Fastag for toll collection may start at Yamuna Expressway or Taj Expressway from 1st April 2021. It will reduce the long queue JP operated Toll plaza as per agreement among Yamuna Authority, JP and IDBI.
MoRTH order for mandatory FASTag from 15th Feb 2021.
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.
Phase 2 of Vivo IPL 2021 season 14 will be held in UAE (United Arab Emirates) from 15th September 2021 to 15th October 2021. In the Special General Meeting of BCCI scheduled on 29th May, the final decision and announcement has come. The timings, venues and other details will be released later.
In Vivo IPL 2021 season 14 Phase 2, there will be 31 IPL matches to be played as already 29 IPL matches were played in Phase 1 in India. So, stay tuned for latest updates.
Vivo IPL 2021 – season 14th, Postponed for indefinite period, as many players from all the teams found corona positive:
On 4th May 2021, IPL has been suspended for indefinite period, as many players from most of the teams found corona positive. IPL Governing council and BCCI has unanimously decided to postpone IPL 2021 season, with immediate effect.
Out of 60 matches to be played, only 29 matches were played till 02.05.2021. 31 matches were yet to be played, which may be played at a later stage in India or outside India. So, this season of IPL has been postponed for indefinite period seeing the grim situation of India’s corona pandemic. Now, we should hope for all the stakeholders to be safe and healthy on priority basis.
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.
1. RBI has allowed Video-KYC and extension of non-KYC bank accounts operation up to 31st Dec’21:
On 5th may, RBI in a circular allowed banks and Financial Institutions to furnish periodical KYC over video and even if some one is not having KYC-compliance as on date, no restrictions on banking operations of such account shall be imposed till 31st December 2021. (Source: RBI)
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.
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.
On 18th March 2021, Road Transport & Highways Minister, Shri Nitin Gadkari announces ‘Vehicle Scrapping Policy’ or ‘Voluntary Vehicle-Fleet Modernization Program (VVMP)’ to phase out the unfit and polluting old vehicles. But, the policy will not be applicable on vintage cars.
Vehicle scrappage policy or Voluntary Vehicle-Fleet Modernization Program (VVMP) in India pdf to download (source: pib.gov.in):
Latest Updates about License or vehicle related matters:
1. Government (MoRTH) has extended the driving licence, RC and other permits up to 30.06.21.
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 30th June 2021 in view of the COVID-19 situation.
2. Jharkhand Government has extended the expired or expiring driving licence (16.04.21):
Jharkhand Government has extended the expired or expiring driving licence, learning license and other vehicular documents or certificates due to covid-19 situation. The transport department has issued a circular dated 16th April 2021, which states these:
The process of issuing Learner License and Driving License has been stopped with immediate effect.
The Learner License and Driving License which have been expired or expiring will remain valid.
The person who has been allotted the time slots for Learner License and Driving License, will be given new dates later.
3. Re-registration of vehicle from one state to another will be easy:
The transport ministry on 28.04.21 has proposed the solution of long pending problem of re-registration process from one state to another state in India. Currently, a person has to re-register the vehicle within 12 months after transfer to new state, as per the MV Act, 1988. These are the following important points from this proposal,
This re-registration proposal is only for Private vehicles, not for commercial vehicles.
Under the new scheme, on pilot test mode, the allocation would be marked as “IN” series.
This scheme will be available to personnel of Defence, Central Govt., State Govt., Central PSUs, State PSUs and Private sector Companies, organizations, which have their offices in 5 or more States/UTs.
The motor vehicle tax will be levied for two years or in multiple of two, as per the proposal against for 15 years currently. Presently, when he is transferred to another state, then again he has to pay the road tax for remaining years out of 15 years. And, he has to ask for refund this road tax amount for the same period from parent state.
After successful implementation of FASTag (an electronic toll collection system) on most of the vehicles in India for National highway, State Highways and private-operated highways for the toll collection, now the transport ministry of India is gearing up to next advanced technology in road charging or toll charging, GNSS. In April 2021, the Transport ministry through IHMCL has invited the proposals for the “Engagement of Consultant for Global Navigation Satellite System (GNSS) based tolling”.
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.
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:
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.
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:
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:
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.