There are currently 2 Income tax regimes for FY 22-23 (AY 23-24) and FY 23-24 (AY 24-25) in India. The old tax regime and New tax regime – both are tax saving, but that depends on the ‘earned income’ and ‘types of savings’ of a person. So, how to choose wisely? This excel calculator willContinue reading “Excel Income tax calculator for FY 2022-23 and FY 2023-24 with case studies”
Tag Archives: income tax
Post office and small savings schemes Interest rates from 1st April 2023
The interest rates for the period from 1st April 2023 to 30th June 2023 of ‘Post office and small savings schemes’ like PPF, KVP, SSY, SCSS, NSC, MIS, post office savings deposit, Time deposit, Recurring deposits will be declared on 31st March 2023 (Friday) by the Finance Ministry.
Comparison of Old Pension Scheme vs New Pension Scheme
Indian government employees after retirement used to get the pension under the old pension scheme, called OPS. But, from 22nd Dec 2003, New Pension Scheme called NPS came into existence and since then nothing remained same for the working employees. In every corner of India whether it is central government employees or state government employees,Continue reading “Comparison of Old Pension Scheme vs New Pension Scheme”
FY 22-23 New Income tax return e-filing, exemptions, deductions, e-payment, refund
Change in the new income tax portal:
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.
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’.
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)