LIC had been issuing Cheques for settling insurance claims and also for making maturity/ other benefits payments until 2011. Since 2012, LIC has made it mandatory for the policy holder to submit ‘NEFT Mandate form’ to receive any type of payments from the insurer. Until recently, Customers or policy holders can submit the details of […]
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Latest TDS Rates FY 2020-21 | TDS Rate Table for AY 2021-22
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 […]
Corona Kavach & Corona Rakshak Health Insurance Plans | Details & Review
In view of the global pandemic Covid 19, the IRDA had earlier mandated all Insurance companies to come up with a Covid Standard Health Insurance Policy. As per the IRDA directives – Life, non-life and standalone health insurers are going to offer short term health insurance policies, especially dedicated to covering the treatment cost of […]
AY 2020-21 Income Tax Deadlines you must know about!
The Income Tax (IT) department has recently revised the AY 2020-21 Income Tax deadlines (due dates) for filing tax returns, making tax-saving investments and Aadhaar-PAN linking. This is the third round of extensions announced to alleviate COVID-19 lockdown-induced hardships. AY 2020-21 Income Tax Deadlines Let’s go through the all important tax deadline extensions you must […]
Cost Inflation Index FY 2020-21 / AY 2021-22
The cost of inflation index (CII) for the financial year 2020-21 has been notified by the Ministry of Finance. The ministry has set the Cost Inflation Index FY 2020-21 as 301. For the previous FY 2019-20, CII value was 289. The rate of inflation for indexation purposes is specified by the Indian Government for every […]
Latest Post Office Small Saving Schemes Interest rates Jul – Sep 2020 | Q2 of FY 2020-21
The Reserve Bank of India (RBI) has recently cut 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 schemes […]
