Expected IDA from 1st April 2023, for CPSE, PSU and Govt. employees

AICPIN-IW for December 2022 has been released by Labour ministry on 31.01.2023. So, the IDA from 1st April 2023 for PSU or CPSE of 3rd PRC and 2nd PRC and others will be known to us after the declaration of AICPIN-IW of December’22, January’23 and February’23 months.

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?

बैंक कर्मचारियों के लिए महंगाई भत्ता (DA) 1 फरवरी 2023 से

दिसंबर 2022 के लिए AICPIN – IW श्रम मंत्रालय द्वारा 31.01.2023 को जारी किया गया है। अक्टूबर, नवंबर, दिसंबर 2022 के AICPIN-IW की घोषणा के बाद, 1 फरवरी 2023 से बैंक कर्मचारियों या बैंकरों के लिए DA वृद्धि हमें 11वीं और 10वीं BPS के लिए ज्ञात हो गयी है। IBA ने भी 1 फरवरी को अधिसूचना जारीContinue reading “बैंक कर्मचारियों के लिए महंगाई भत्ता (DA) 1 फरवरी 2023 से”

Excel Income tax calculator for FY 22-23 and FY 23-24 with case studies

Excel Income tax calculator for FY 22-23 (AY 23-24) and FY 23-24 (AY 24-25). Which one will save more tax, New income tax or Old income tax?

FY 22-23 and FY 23-24 Income tax rate slabs – ‘Old vs New’

For FY 22-23 (AY 23-24) and FY 23-24 (AY 24-25), the Income tax rate slabs – ‘Old vs New’ for Individual, HUF, senior citizen, super senior citizen and Surcharge has been covered in this post.

DA hike for Central Government employees from 1st Jan 2023 for 7th cpc, 6th cpc and 5th cpc

DA hike for Central Government employees from 1st January 2023 for 7th cpc, 6th cpc and 5th cpc pay scales are known to us after the declaration of AICPIN of period Jul’22 to Dec’22. The DA hike for central government employees from 1st January 2023 will be declared officially by the Finance ministry in March’23.

AICPIN December 2022 for DA,DR of CPSE, PSU, central Govt., Bank employees and Pensioners

The AICPIN for December 2022 has been released on 31.01.2023 (Tuesday), the last working day of January month, by Labour Bureau, under Ministry of Labour and Employment.

Fixed deposit interest rates revised of 12 Govt. banks like SBI, PNB, BoB, Canara and others

After RBI’s change in monetary policy, most of the banks usually revise their Fixed deposit interest rates in synchronization with the policy of RBI. Here, we have compared all the 12 public sector banks or nationalized banks’ fixed deposit interest rates of SBI, PNB, BoB, Canara bank, UBI, Indian, IOB, Uco, BoM, PSB, BoI, CBIContinue reading “Fixed deposit interest rates revised of 12 Govt. banks like SBI, PNB, BoB, Canara and others”

Savings account interest rates comparison of SBI, ICICI, PNB, HDFC, BoB, Axis and other banks

Saving interests in Indian banks are on the increasing trend and after latest RBI’s decision, most of the public sector banks and private banks have reduced the savings interest drastically. Here we are comparing savings account interest of all govt. banks and 3 largest private banks ICICI, Axis and HDFC.

Sukanya Samriddhi Yojana Account SSY/SSA scheme details, calculator, Interest rate for Jan to Mar’23

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’.

Post office and small savings schemes Interest rates from 1st January 2023

The interest rates for the period from 1st January 2023 to 31st March 2023 of several Post office and small savings schemes like PPF, KVP, SSY, SCSS, NSC, MIS, post office savings deposit, Time deposit, Recurring deposits has been declared on 30th December 2022 (Friday) , by the Finance Ministry.

DA hike for CDA pattern employees of CPSEs from 1st July 2022

DA hike for CDA pattern employees (HPPC) of CPSEs, drawing pay in 7th cpc pay scales, 6th cpc pay scales and 5th cpc pay scales, from 1st July 2022 has been declared by Department of Public Enterprises under Ministry of Finance.

Difference between Short term and Long term capital gains

Capital gains definition: Capital gains are the gains arising from the sale of any type of capital assets like immovable property, equity shares (listed or Un-listed), debt-fund, mutual fund, Jewellery etc. We’ll know the difference between Short term and Long term capital gains below in detail. (source: Income tax India)

FY 22-23 (AY 23-24) 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 22-23 (AY 23-24) Income tax Sections of deductions and rebates for Resident and Non-Resident Indian”

Dearness allowance and Dearness Relief freezed till 30th June 2021 for Central Government employees

Dearness allowance and Dearness Relief freezed till 30th June 2021 for Central Government employees In a major setback for lakhs of employees, the Government has freezed the DA/DR till july 2021.

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