We are all aware that Budget 2021 (The Finance Bill 2021) has introduced one of the key amendments to the EPF Act. As per this amendment, from 1st April 2021 onwards, the interest on any contribution above Rs. 2.5 lakh by an employee to a recognized provident fund is .......Continue Reading.....
Latest Post Office Small Saving Schemes Interest rates Apr – Jun 2021 | Q1 of FY 2021-22
The Reserve Bank of India (RBI) has been cutting the key policy rates to mitigate Covid-19 impact. Also, most of the banks and financial institutions have already been reducing the interest rates on their deposits schemes. So, as widely anticipated, the central Govt had previously announced a .......Continue Reading.....
LIC Bachat Plus – Features, Review & Return Calculation
It’s that time of the year when you have to submit the Investment Proofs (Tax saving investments) to your employers. It is also the right time for most of the Life Insurance / Financial advisors to push financial products in the name of tax benefit and insurance cover. LIC has launched its second .......Continue Reading.....
Latest TDS Rates FY 2021-22 | TDS Rate Table for AY 2022-23
We receive income through different ways, it can be your Salary, Dividend income from mutual funds or stocks, commission, rent, interest on your Bank Fixed Deposits / Securities etc., The providers of these incomes (like your company / bank) can deduct a certain percentage of income as TDS (Tax .......Continue Reading.....
LIC Bima Jyoti Plan – Features, Review & Return Calculation
It’s that time of the year when you have to submit the Investment Proofs (Tax saving investments) to your employers. It is also the right time for most of the Life Insurance / Financial advisors to push financial products in the name of tax benefit and insurance cover. LIC has launched its first .......Continue Reading.....
Important & Comprehensive list of Budget 2021-22 Proposals related to Personal Finance | W.e.f AY 2022-23
Union finance minister Smt Nirmala Sitharaman presented the Union Budget 2021 in Parliament on Monday (02-Feb-2021). The finance minister provided a major boost to healthcare and infrastructure sectors in Union Budget 2021. There was no change in Income Tax slabs this .......Continue Reading.....
Interest on EPF Contributions above Rs 2.5 lakh is Taxable | Budget 2021
The Indian Finance Minister has tabled today, the Union General Budget 2021-22 in the Parliament. One of the key amendments in the Finance Bill 2021 is related to EPF and VPF (Provident Fund) contributions. As of now (FY 2020-21), the interest income earned on contributions to EPF made .......Continue Reading.....
Income Tax Slab Rates for FY 2021-22 / AY 2022-23 | Budget 2021 Key Highlights
The Indian Finance Minister has tabled today, the Union General Budget 2021-22 in the Parliament. Kindly note that there has been no changes made to personal Income tax structure. Below are the latest Income Tax Slab Rates for FY 2021-22 or AY 2022-23. (FY is Financial .......Continue Reading.....
About ReLakhs
ReLakhs.com is a blog on personal finances. The main aim is to present the information on financial products in a simple, unbiased and easy to understand manner . This blog covers wide array of personal finance topics like insurance,home loans,banking services,mutual funds,tax planning,stock .......Continue Reading.....
