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 […]
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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 […]
All you need to know about New Form 26AS | Annual Information Statement
Form 26AS or Annual Information Statement is a consolidated statement that contains details of your income – salary, business income, interest on your bank deposits, etc., as well as the total tax deducted (if any) on such incomes and deposited in your name with the Income Tax Department. TDS deductions that are given in your […]
RBI Floating Rate Savings Bonds 2020 : Features & Review
The interest rates on Bank fixed deposits have been on the downward slope and the interest rates on popular small savings schemes are not very attractive either. Also, Tax Free Bond Issues (Primary market) are not available now. This is inducing many small investors to look out for better fixed income products which can give decent fixed rate of return. For […]
