FY 21-22, FY 22-23 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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FY 21-22, 22-23 Income tax rate slabs – ‘Existing vs New’ for Individual, HUF, senior citizen, super senior citizen and Surcharge

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

  1. For FY 21-22 (AY 22-23) and FY 22-23 (AY 23-24), comparison of Existing vs New New Income Tax slab
  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.

Continue reading “FY 21-22, 22-23 Income tax rate slabs – ‘Existing vs New’ for Individual, HUF, senior citizen, super senior citizen and Surcharge”

Excel Income tax calculator for FY 2021-22 (AY 22-23) and FY 22-23 (AY 23-24)

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?

Summary :

‘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).

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Excel calculator of Sukanya Samriddhi Yojana (SSY) scheme for girls

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:

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T20 Men’s world cup 2022 Australia Schedule, Teams, Venues, Timings, Points table

T20 Men's world cup 2022 Schedule, Teams, Venues, Timings, Points table, Ranking, Statistics
T20 Men’s world cup 2022 Schedule, Teams, Venues, Timings, Points table, Ranking, Statistics

T20 Men’s world cup 2022 Australia schedule:

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. 

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Common University Entrance Test (CUET) dates, eligibility, Colleges, Syllabus, Result

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).

Common University Entrance Test (CUET) dates, eligibility, Colleges, Syllabus, Result
Common University Entrance Test (CUET) dates, eligibility, Colleges, Syllabus, Result

Highlights of Common University Entrance Test (CUET):

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Top 12 OTT platforms subscription cost and comparison of features

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 subscription cost and comparison of features

Top 12 OTT platforms in India for web series and movies from many languages:

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TATA IPL 2022 season 15 Schedule, TV channels, OTT, Points table, Match Results

Latest updates, news of TATA IPL 2022, season 15:

The TATA IPL 2022 season will comprise 10 teams and will have 74 matches, wherein each team will play 7 home and 7 away matches. (source:iplt20.com)

  • 06.03.2022 – The Tata IPL 2022 IPL schedule has been released.
  • 13.02.2022 – 2-day auction of players at Bengaluru completed.
  • The venue of IPL 2022 may be Mumbai and Pune (due to covid situation) only in India. Otherwise, UAE and South Africa have been kept as backup.
  • 11.01.2022 – Tata Group replaced Vivo as IPL 2022 title sponsor
  • 22.01.2022 – On the last day of 20.01.2022, Total 1,214 players (896 Indian and 318 overseas players) have signed up for the auction of IPL 2022.
  • 25.10.2021 – BCCI announces the successful bidders for two new Indian Premier League Franchises. Details
  • Winners:
    • RPSG Ventures Ltd. – Lucknow (for INR 7090 crores)
    • Irelia Company Pvt Ltd. (CVC Capital Partners) – Ahmedabad (for INR 5625 crores)

Tata IPL 2022 season 15th Match Schedule, Venue and Timings (Source-BCCI):

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BH series vehicle registration online apply process, link and cost of Bharat series registration

What is BH or Bharat series vehicle registration?

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.

What is BH or Bharat series vehicle registration
What is BH or Bharat series vehicle registration
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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).

So, what is the minimum balance amount for all the banks?

  1. It depends completely on the bank.
  2. Quarterly Average Balance (QAB) means minimum balance of 3 months.
  3. Monthly Average Balance (MAB) means minimum balance of 1 month.
  4. It is not fixed but gets revised from time to time.
  5. 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):

Bank NameMinimum Balance Amount (QAB/MAB) (₹)CHARGES for not maintaining QAB / MAB (₹)
SBI (State Bank of India)NILNIL
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
Canara Bank500 / 1,000 (MAB)25 to 45
Indian Bank1,000 / 2,500 (MAB)10 to 100
Indian Overseas Bank500 / 1,000 (QAB)75 to 150
ICICI Bank2,000 / 5,000 / 10,000 (MAB)250 to 350
Axis Bank10,000 for Urban (MAB)5 per 100 of the shortfall + 75
HDFC Bank2,500 / 5,000 / 10,000 (QAB/MAB)150 to 600
Comparison of banks regarding Minimum balance amount and charges for not maintaining QAB or MAB
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High security registration plate (HSRP) cost and online apply process

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.

Jump directly to major sections:

  1. HSRP apply online in Delhi, Uttar Pradesh, Himachal Pradesh, Daman and Diu, Andaman & Nicobar
  2. Color coded sticker apply online in Delhi, Uttar Pradesh, Himachal Pradesh, Daman and Diu, Andaman & Nicobar
  3. HSRP apply online and HSRP color sticker apply in Gurgaon / Gurugram, Faridabad, Haryana
  4. Replacement Cost and Process of HSRP and colour coded sticker if damaged or lost?
  5. Delhi transport Dept. notice for mandatory HSRP and color coded sticker
  6. UP transport Dept. notice for mandatory HSRP and color coded sticker
  7. The last date of HSRP in UP, Uttar Pradesh for all the vehicles
  8. Home delivery of HSRP and HSRP colour sticker in Delhi, track, reschedule, cancel
  9. Home delivery of HSRP and colour sticker in Uttar Pradesh (UP), track, reschedule, cancel
  10. HSRP Customer care or helpline number and email for complaint in Delhi and UP
  11. HSRP online apply in Goa, J&K, Punjab etc.
  12. HSRP price list of all states and UTs
  13. Frequently asked questions FAQs on HSRP and colour coded stickers or fuel stickers

High security number plate (HSRP):

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Replacement process of HSRP and Replacement cost of High security registration plate and Color coded sticker

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:

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Year 2022 Govt. Gazetted, Bank, PSU, Court, Post Office, Public, Restricted, Holidays list in pdf

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.

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

  1. Year 2022 Central Govt. offices Compulsory and Optional Holidays order pdf
  2. Year 2022 Post offices Compulsory and Optional Holidays order pdf
  3. Delhi Govt. Year 2022 Bank, Public, Gazetted, Restricted Holidays Calendar pdf
  4. Supreme court of India Year 2022 Holidays, Summer, Winter vacation Calendar
  5. High courts of India Year 2022 Holidays, Summer, Winter vacation Calendar
  6. District courts of India Year 2022 Holidays, Summer, Winter vacation Calendar
  7. NSE Holidays Year 2022 Calendar, BSE Holidays 2022 Calendar, MCX Holidays 2022
  8. PSU Year 2022 Compulsory and Restricted Holidays Calendar pdf
  9. Andaman & Nicobar UT Govt. Year 2022 Bank, Public, Industrial Holidays pdf
  10. Andhra Pradesh (AP) Govt. Year 2022 Bank, General, Holidays Calendar pdf
  11. Arunachal Pradesh Govt. Year 2022 Bank, General, Holidays Calendar pdf
  12. Assam state Govt. Year 2022 Bank, Public, Gazetted, Restricted Holidays Calendar pdf
  13. Bihar state Govt. Year 2022 Bank, Public, General, Restricted Holidays Calendar pdf
  14. Chandigarh UT Govt. Year 2022 Bank, Public, Restricted Holidays pdf
  15. Chhattisgarh state Govt. Year 2022 Bank, Public, Restricted Holidays Calendar pdf
  16. Dadra and Nagar Haveli (DNH) Govt. Year 2022 Bank, Public, Restricted Holidays pdf
  17. Daman and Diu (DD) Govt. Year 2022 Bank, Public, Restricted Holidays Calendar pdf
  18. Goa state Govt. Year 2022 Bank, Public, Restricted, Commercial Holidays pdf
  19. Gujarat state Govt. Year 2022 Bank, Public, Restricted Holidays Calendar pdf
  20. Haryana state Govt. Year 2022 Bank, Public, Restricted Holidays Calendar pdf
  21. Himachal Pradesh (HP) state Govt. Year 2022 Bank, Women, Restricted, Holidays pdf
  22. Jammu and Kashmir (J & K) state Govt. Year 2022 Bank, Gazetted, Holidays pdf
  23. Jharkhand state Govt. Year 2022 Bank, Gazetted, Restricted Holidays Calendar pdf
  24. Karnataka state Govt. Year 2022 Bank, Public, Restricted Holidays Calendar pdf
  25. Kerala state Govt. Year 2022 Bank, Public, Restricted Holidays Calendar pdf
  26. Ladakh UT Govt. Year 2022 Public, Bank, Restricted Holidays Calendar pdf
  27. Lakshadweep UT Govt. Year 2022 Public, Bank, Restricted Holidays Calendar pdf
  28. Madhya Pradesh Govt. Year 2022 General, Bank, Gazetted, Restricted Holidays pdf
  29. Maharashtra state Govt. Year 2022 Bank, Gazetted, Restricted Holidays Calendar pdf
  30. Manipur Govt. Year 2022 General, Local, Public, Bank, Restricted Holidays pdf
  31. Meghalaya Govt. Year 2022 General, Local, Public, Bank, Restricted Holidays pdf
  32. Mizoram state Govt. Year 2022 Public, Bank, Optional, Restricted Holidays pdf
  33. Nagaland state Govt. Year 2022 Public, Bank, Optional, Restricted Holidays pdf
  34. Odisha state Govt. Year 2022 Public, Bank, Restricted Holidays Calendar pdf
  35. Puducherry UT Govt. Year 2022 Public, Bank, Restricted Holidays Calendar pdf
  36. Punjab state Govt. Year 2022 Public, Bank, Restricted Holidays Calendar pdf
  37. Rajasthan state Govt. Year 2022 Public, Bank, Restricted Holidays Calendar pdf
  38. Sikkim state Govt. Year 2022 Public, Bank, Restricted Holidays Calendar pdf
  39. Tamil Nadu state Govt. Year 2022 Public, Bank, Restricted Holidays Calendar pdf
  40. Telangana state Govt. Year 2022 Public, Bank, Restricted Holidays Calendar pdf
  41. Tripura state Govt. Year 2022 Public, Bank, Restricted Holidays Calendar pdf
  42. Uttarakhand state Govt. Year 2022 Public, Bank, Restricted Holidays pdf
  43. Uttar Pradesh (UP) state Govt. Year 2022 Public, Bank, Restricted Holidays pdf
  44. West Bengal state Govt. Year 2022 Public, Bank, Restricted Holidays Calendar pdf
Continue reading “Year 2022 Govt. Gazetted, Bank, PSU, Court, Post Office, Public, Restricted, Holidays list in pdf”

Bitcoin and altcoins latest updates

Crypto currency news timeline across the globe

Crypto currency news timeline across the globe
Crypto currency news timeline across the globe

08.02.2022 – Bitcoin and altcoins updates

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.

Continue reading “Bitcoin and altcoins latest updates”

Delhi RTO’s online driving license related services, Vehicle services and Permit services

Latest Updates by Delhi Transport Department:

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.

Out of 35 services in total offered by Delhi RTO, 33 are now online. Only for 2 services, you must visit to RTO,

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India’s Retail Inflation rate of December 2021, Consumer Price Index (CPI), CFPI number of December 2021

  1. December 2021 Inflation (general) is 5.59 %, increased by 13.85 % over November 2021 Inflation (general) of 4.91 %.
  2. December 2021 Inflation (general) is 5.59 %, increased by 21.79 % over December 2020 Inflation (general) of 4.59 %.
  3. December 2021 Inflation (food) is 4.05 %, increased by 116.5 % over November 2021 inflation (food) of 1.87 %.
  4. December 2021 Inflation (food) is 4.05 %, increased by 18.77% over December 2020 inflation (food) of 3.41 %.
Retail Inflation rate, CPI, CFPI data for December 2021 in comparison to last month and last year
Retail Inflation rate, CPI, CFPI data for December 2021 in comparison to last month and last year
Continue reading “India’s Retail Inflation rate of December 2021, Consumer Price Index (CPI), CFPI number of December 2021”

Online apply for driving licence in Noida, Greater noida, NCR

Latest News :

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.

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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Automated fitness test center location, Vehicle scrapping center location across India

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:

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FY 2021-22 or AY 2022-23 New Income tax return e-filing, exemptions, deductions, e-payment, refund

Change in the new income tax portal:

  1. Login can be done by user ID or Net banking.
  2. User ID can be PAN or Aadhaar for individuals and other than individuals.

FY 2021-22 or AY 2022-23 Income tax return (ITR) e-filing last date:

The last date of ITR filing for FY 2021-22 or AY 2022-23 will be announced later, but usually the last date remains 31st July 2022.

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

  1. How to e-file Offline ITR and Online ITR in FY 2021-22 or AY 2022-23?
  2. Which ITR to file for different categories like Individual, 2-house etc in FY 2021-22 or AY 2022-23?
  3. Income tax Deductions list like 80C, 80D, 80G etc. in FY 2021-22 or AY 2022-23.
  4. How to e-verify ITR after filling form in FY 2021-22 or AY 2022-23?
  5. What is ‘Form 16’ for filling ITR in FY 2021-22 or AY 2022-23?
  6. How to do e-payment of challan 280 in ITR in FY 2021-22 or AY 2022-23?
  7. How to claim refund and refund status in FY 2021-22 or AY 2022-23?
  8. Income tax calculator in Excel for FY 2021-22 or AY 2022-23.
  9. Income tax rate slabs for below 60 age, senior and super senior citizen in FY 2021-22 or AY 2022-23
  10. Income tax help line and social contacts like twitter, facebook etc. for FY 2021-22 or AY 2022-23.
  11. Income tax act 1961, law and ITAT policy.
Continue reading “FY 2021-22 or AY 2022-23 New Income tax return e-filing, exemptions, deductions, e-payment, refund”

Noida Metro Aqua line extension updates for Noida Extension, Greater Noida west

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:

Continue reading “Noida Metro Aqua line extension updates for Noida Extension, Greater Noida west”
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