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 steep cut in the interest rates on small […]
Fixed Income (Bank FDs,RDs,PF etc)
Cost Inflation Index FY 2021-22 / AY 2022-23
The cost of inflation index (CII) for the financial year 2021-22 has been notified by the Ministry of Finance. The ministry has set the Cost Inflation Index FY 202-22 as 317. For the previous FY 2020-21, CII value was 301. The rate of inflation for indexation purposes is specified by the Indian Government for every […]
New EPF Rules 2021 | Latest Amendments
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 taxable. Until FY 2020-21, the interest income earned on contributions […]
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 steep cut in the interest rates on small […]
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 Deducted at source) based on certain […]
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 by the employee is completely TAX-FREE. However, […]
