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”

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