Revised DA hike for Central Government employees from 1st July 2021

Revised DA hike for Central Government employees and DR for Central Government pensioners from 1st July 2021 will be 31% as per decision taken by cabinet on 21st October 2021. This will benefit about 47.14 lakh Central Government employees and 68.62 lakh Central Government pensioners. DA hike from 1st Jan 2022 will be known toContinue reading “Revised DA hike for Central Government employees from 1st July 2021”

Revised IDA from 1st October 2021, for CPSE, PSU and Govt. employees

AICPIN-IW for August 2021 has been released by Labour ministry on 30.09.2021. After declaration of AICPIN-IW for Aug 2021, the IDA from 1st October 2021 for PSU or CPSE of 3rd PRC and 2nd PRC and others are known to us. IDA from 1st October 2021 has been increased to 27.2 % from 24.7 %Continue reading “Revised IDA from 1st October 2021, for CPSE, PSU and Govt. employees”

Sukanya Samriddhi Yojana Account SSY/SSA scheme details, calculator, Interest rate for Oct to Dec 2021 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 2021 and maturity amount”

September 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 September 2021 will be released on 29.10.2021 (Friday), the last working day of October month, by Labour Bureau, under Ministry of Labour and Employment. August 2021 AICPIN – IW for Dearness Allowances of CPSE, PSU, Govt., Bank employees:

Post office and small savings schemes Interest rates from 1st Oct 2021

The interest rates for the period from 1st Oct 2021 to 31st Dec 2021 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 September 2021, by the Finance Ministry. Govt. order of ‘Post office fixed depositsContinue reading “Post office and small savings schemes Interest rates from 1st Oct 2021”

FY 2020-21 or AY 2021-22 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 2020-21 or AY 2021-22 Income tax return (ITR) e-filing last date: The due date of furnishing of Return of Income (ITR) for the FYContinue reading “FY 2020-21 or AY 2021-22 New Income tax return e-filing, exemptions, deductions, e-payment, refund”

FY 20-21 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 2020-21, comparison of Existing vs New New Income Tax slab Income tax rate slab for people below 60 years of age Income tax rate slab for Senior citizen, aged 60 to 80 years old Income tax rate slab for Super Senior citizen, above 80Continue reading “FY 20-21 Income tax rate slabs – ‘Existing vs New’ for Individual, HUF, senior citizen, super senior citizen and Surcharge”

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”

Excel Income tax calculator FY 20-21 (AY 21-22). Which one will save more tax, New income tax or Existing income tax?

Summary : 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.,Continue reading “Excel Income tax calculator FY 20-21 (AY 21-22). Which one will save more tax, New income tax or Existing income tax?”

Fixed deposit interest rates of SBI, PNB, BoB, Canera, UBI, Indian, IOB, Uco, BoM, PSB, BoI, CBI

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”

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”

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 and Relief freezed till 30th June 2021 for Central 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 and Relief freezed till 30th June 2021 for Central Goverment employees”

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