AICPIN-IW for January 2021 has been released by Labour ministry on 26.02.2021. After declaration of AICPIN-IW for February 2021 on 31.03.2021, the IDA from 1st April 2021 will be calculated. Already, the IDA calculation has been updated till March 2021 for DA hike from April 2021, which is shown below in the table for CPSEContinue reading “IDA from 1st April 2021 Calculation, for CPSE, PSU and Govt. employees, while IDA is freezed till 30th June 2021”
Tag Archives: Finance
January 2021 AICPIN – IW for DA of CPSE, PSU, central Govt., Bank employees and Pensioners
The AICPIN – IW (All-India Consumer Price Index Number – Industrial Workers) for January 2021 has been released on 26.02.2021, Friday, the last working day of February month, by Labour Bureau, under Ministry of Labour and Employment. January 2021 AICPIN – IW for Dearness Allowances of CPSE, PSU, Govt., Bank employees:
Sukanya Samriddhi Yojana Account SSY/SSA scheme details, calculator and Interest rate for Jan to Mar 2021
If you are father or mother of a new-born or less than 10 years’ girl child, then this is the scheme you would always wanted to take it for the welfare of your child. As you see the interest rate on savings bank schemes, only direction it knows is ‘downward’. Also the fixed deposit interestContinue reading “Sukanya Samriddhi Yojana Account SSY/SSA scheme details, calculator and Interest rate for Jan to Mar 2021”
DA hike for Central Govt. Employees from 1st Jan 2021 and DR for Pensioners calculation
AICPIN-IW for January 2021 has been released by Labour ministry on 26.02.2021. So, the DA / DR calculation has also been updated till January 2021, which is shown below in the table for 7th CPC and 6th CPC pay scale employees. Major Contents in the Post: (Jump to the Section) Calculation of DA / DRContinue reading “DA hike for Central Govt. Employees from 1st Jan 2021 and DR for Pensioners calculation”
Excel Income tax calculator FY 2020-21. Which one will save more tax, New income tax or Existing income tax?
Summary : Maximum savings – Existing or OLD income tax rate slab, Minimum savings – NEW income tax rate slab. Income tax rate slab for Financial Year 2020-21 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.,Continue reading “Excel Income tax calculator FY 2020-21. Which one will save more tax, New income tax or Existing income tax?”
Post office and small savings schemes Interest rates from 1st April 2021
Post office and small savings Interest rates for period of 1st April to 30th June 2021 will be declared on 31.03.2021 by Govt. of India. The finance ministry declares the revised interest rates for these small savings schemes quarterly, means every 3 months. Govt. order of ‘Post office fixed deposits and small savings schemes InterestContinue reading “Post office and small savings schemes Interest rates from 1st April 2021”
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 hasContinue reading “FY 2020-21 Income tax Sections of deductions and rebates for Resident and Non-Resident Indian”
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) For FY 2020-21, comparison of tax slabs: New vs Existing Income tax rate slab for people below 60 years of ageContinue reading “FY 19-20, FY 20-21 Income tax rate slabs for Individual, HUF, senior citizen, super senior citizen and Surcharge”
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) Banks list after merger Savings Interest rate of SBI, State Bank of India Savings Interest rateContinue reading “Savings account interest rates of SBI, ICICI, PNB, HDFC, BoB, Axis, Canera, UBI, Indian, IOB, Uco, BoM, PSB, BoI, CBI for November 2020”
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.Continue reading “Fixed deposit interest rates of SBI, PNB, BoB, Canera, UBI, Indian, IOB, Uco, BoM, PSB, BoI, CBI in December 2020”
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) How to e-file Offline ITR and OnlineContinue reading “FY 19-20, FY 20-21 Income tax return e-filing, exemptions, deductions, e-payment, refund”
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, leftContinue reading “Nifty 50 Exchange Traded Fund (ETF) like ‘Niftybees’, is’t safest bet?”
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,Continue reading “Dearness allowance freezed till July 2021 for Goverment employees”