AICPIN-IW for August 2022 has been released by Labour ministry on 30.09.2022. So, the IDA from 1st October 2022 for PSU or CPSE of 3rd PRC and 2nd PRC and others are known to us after the declaration of August’22 AICPIN. DPE has also released the IDA hike circulars for October to December 2022 onContinue reading “IDA from 1st October 2022, for CPSE, PSU and Govt. employees”
Tag Archives: Finance
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 will be declared by Department of Public Enterprises under Ministry of Finance. DA hike to the CDA pattern employees of CPSEs on 7th CPC pay scalesContinue reading “DA hike for CDA pattern employees of CPSEs from 1st July 2022”
DA hike for Central Government employees from 1st July 2022 for 7th cpc, 6th cpc and 5th cpc
DA hike for Central Government employees from 1st July 2022 for 7th cpc, 6th cpc and 5th cpc pay scales are known to us after the declaration of AICPIN of period Jan’22 to Jun’22. The DA hike for central government employees from 1st July 2022 have been declared officially by the Finance ministry in October’22.Continue reading “DA hike for Central Government employees from 1st July 2022 for 7th cpc, 6th cpc and 5th cpc”
Sukanya Samriddhi Yojana Account SSY/SSA scheme details, calculator, Interest rate for Oct to Dec 2022 and maturity amount
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, Interest rate for Oct to Dec 2022 and maturity amount”
AICPIN August 2022 for DA,DR of CPSE, PSU, central Govt., Bank employees and Pensioners
The AICPIN for August 2022 has been released on 30.09.2022 (Friday), the last working day of September month, by Labour Bureau, under Ministry of Labour and Employment. The AICPIN-IW stands for All-India Consumer Price Index Number – Industrial Workers, and it is very important index for DA, DR increment of Central Govt. employees, bank employees,Continue reading “AICPIN August 2022 for DA,DR of CPSE, PSU, central Govt., Bank employees and Pensioners”
Post office and small savings schemes Interest rates from 1st October 2022
The interest rates for the period from 1st October 2022 to 31st December 2022 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 29th September 2022 (Thursday) , by the Finance Ministry. Govt. order of ‘Post officeContinue reading “Post office and small savings schemes Interest rates from 1st October 2022”
Comparison of Fixed deposit interest rates 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 “Comparison of Fixed deposit interest rates of 12 Govt. banks like SBI, PNB, BoB, Canara and others”
Excel Income tax calculator for FY 22-23 (AY 23-24)
Excel Income tax calculator 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,Continue reading “Excel Income tax calculator for FY 22-23 (AY 23-24)”
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) Capital gains are of 2Continue reading “Difference between Short term and Long term capital gains”
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”
FY 22-23 (AY 23-24) Income tax rate slabs – ‘Existing vs New’ for Individual, senior citizen
FY 22-23 (AY 23-24) 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) For FY 22-23 (AY 23-24), comparison of Existing vs New New Income Tax slab Income tax rate slab for people below 60 years ofContinue reading “FY 22-23 (AY 23-24) Income tax rate slabs – ‘Existing vs New’ for Individual, senior citizen”
FY 2022-23 (AY 2023-24) New Income tax return e-filing, exemptions, deductions, e-payment, refund
Change in the new income tax portal: Login can be done by user ID or Net banking. User ID can be PAN or Aadhaar for individuals and other than individuals. FY 2022-23 (AY 2023-24) Income tax return (ITR) e-filing last date: The last date of ITR filing for FY 2022-23 (AY 2023-24) will be announcedContinue reading “FY 2022-23 (AY 2023-24) New Income tax return e-filing, exemptions, deductions, e-payment, refund”
Savings account interest rates comparison of SBI, ICICI, PNB, HDFC, BoB, Axis and other banks
Latest news and updates about bank accounts: 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 restrictionsContinue reading “Savings account interest rates comparison of SBI, ICICI, PNB, HDFC, BoB, Axis and other banks”
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.
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?”