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 year. However, certain important proposals have been made, which can have an impact on an individual’s Personal Finance & […]
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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, […]
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 Year and AY is Assessment Year) Latest Income Tax Slab Rates for FY 2021-22 […]
HDFC Life Click2Protect Life Term Plan – Features & Review
Life is an unpredictable journey. It can take sharp, fatal turn at moments, which are capable of leaving one physically, mentally, emotionally and financially bruised. Many of us ignore buying a life insurance plan with adequate insurance cover. You may currently have a life insurance policy, but, you need to evaluate yourself if the existing […]
Rebate under Section 87A AY 2021-22 | Is Sec 87A Tax Rebate Available under New Tax Regime?
As per the Finance Bill 2019, the threshold limit of tax rebate u/s 87A was revised to Rs 12,500 for FY 2019-20. This tax rebate has been made applicable if an individual’s (Resident Individuals including Senior Citizens) taxable income is less than or equal to Rs 5 Lakhs. The Finance Bill 2020 (FY 2020-21) has […]
Latest Post Office Small Saving Schemes Interest rates Jan – Mar 2021 | Q4 of FY 2020-21
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 announced a steep cut in the interest rates on small savings […]
