Central Government keeps small savings interest rates unchanged for the 9th consecutive Quarter

We all know that central government revises small savings interest rates every Quarter(3 Months). But even RBI insists that small savings schemes interest rates are far higher than bank fixed deposits, central government keeps small savings interest rates unchanged for the 9th consecutive Quarter though there are rumours that central government will revises small savingsContinue reading “Central Government keeps small savings interest rates unchanged for the 9th consecutive Quarter”

EPF Subscribers be alert! Know the latest updates which are going to be implemented post April 1st,2022 onwards

Big alert to EPF Subscribers! As per recent amendment passed in budget 2021-22, Contributions beyond 2.5 lakh are subject to tax. So every epf subscriber is liable to pay tax if his epf a/c crosses the threshold limit of 2.5 lakh in a financial year. Latest amendment to be implemented on epf a/c’s post AprilContinue reading “EPF Subscribers be alert! Know the latest updates which are going to be implemented post April 1st,2022 onwards”

Received Bonus? Know The Tax Implications on The Bonus Received !

Every organisation tends to give bonus on the eve of the festivals. It might give bonus as gratitude towards their service for their organisation. Do you know that “Bonus Received is taxable” in the hands of the employee. It will be “Taxable at the applicable slab rate” of the employee. The Employee has to declareContinue reading “Received Bonus? Know The Tax Implications on The Bonus Received !”

Central Government Relaxes NPS Norms

NPS(National Pension System)is a perfect retirement tool to provide regular pension during one’s retirement life. Earlier it was only for central government employees, but later it was made available to private employees and corporates too! Why to invest in NPS?– One of the reason why NPS has became popular is it avails guaranteed pension duringContinue reading “Central Government Relaxes NPS Norms”