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Post Office Special Schemes: These schemes generate larger interest rates than...
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No refund if ITR is entered after the due date in...
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No refund if ITR is entered after the due date in a new income tax bill? The I.T. department clarifies this.
Should you file your ITR (income tax return) late, will you be qualified for a refund? Many people expressed this worry when the Lok Sabha adopted a new Income Tax Bill 2025. Many experts have noted that the new income tax bill, which is probably relevant starting FY2026-27, emphasizes that taxpayers will not be qualified to get a refund...
The Unified Pension Scheme (UPS) becomes operative on April 1: Know eligibility and benefits.
Introduced by the central government as a substitute for the National Pension System (NPS), the Unified Pension Scheme (UPS) will become operative on April 1, the government said earlier this year. For those qualified central government workers already registered in the NPS, UPS will be accessible as a choice. UPS benefits and eligibility A persistent demand by government staff for the reinstatement...
The Smart Pension Plan from LIC offers key elements, eligibility, annuity choices, death benefits, and more.
The Life Insurance Corporation of India (LIC) has unveiled its latest pension scheme, the Smart Pension Plan. This plan guarantees a consistent income stream for retirees and their families by providing a complete, adaptable, safe pension solution for various financial circumstances. https://twitter.com/LICIndiaForever/status/1892073781293650007 LIC's Smart Pension Plan is a non-par, non-linked, individual or group savings and instant annuity plan designed to meet...
Dearness Allowance Hike: 2025 Financial Lift for Central Government Workers
The new year promises good news for central government staff since the Dearness Allowance (DA) is expected to rise from 53 percent to 56 percent. All India Consumer Price Index (AICPI) numbers will drive this 3 percent hike. Although we await official government announcements, we will apply the updated DA beginning January 1, 2025. AICPI Index and Its Function in...
Post Office Special Schemes: These schemes generate larger interest rates than bank FDs; check details.
Post Office Savings Account One can relate this to a bank savings account. The difference is that you must visit the post office to open an account. Under this, even a minor may open his account. At a 4% rate, it generates interest. Post Office Monthly Earnings Scheme This plan spans up to five years, during which the deposit amount earns 7.4%...
Know the charges for SBI, PNB, HDFC, and ICICI Bank withdrawals from an ATM.
All of us have bank accounts. ATM Withdrawal Charges You would have noticed that the bank offers several services to give its clients decent amenities. These include checkbooks, net banking, ATM cards, credit cards, etc. The number of ATM users is likewise constantly rising, as cash day by day follows an increasing trend. Under such circumstances, today we will...
Wednesday Bank Holiday: Quite big news! All banks will be closed on Wednesday; do you know why the RBI granted banks a vacation on February 19?
Wednesday Bank Holiday: February 19 will see all banks closed on Wednesday. Most bank clients wonder why the banks will be closed on Wednesday. We are informing you that Wednesday will see banks in Maharashtra state closed. In all other states, banks will remain open. Find the reason RBI granted banks a Wednesday holiday. Wednesday, February 19, will see banks...
Will individuals with incomes below 12 lakh rupees be required to submit an (ITR) or not? Be aware of the most recent developments.
In Budget 2025, Minister of Finance Nirmala Sitharaman made a significant statement. According to her, the income tax rebate under Section 87A of the Income Tax Act was previously only applicable to earnings up to Rs 7.5 lakh. However, the income threshold for this benefit has been raised to Rs 12 lakh from April 1, 2025. People whose annual...
On January 1, the 8th Pay Commission will affect one crore workers.
The central government announced the creation of the 8th Pay Commission. This government declaration has elicited an overwhelming sense of joy. At the same time, central personnel wait for its deployment. We expect the implementation of the Eighth Pay Commission to begin on January 1, 2026. The implementation of the Eighth Pay Commission is scheduled to start in the...
Big report on 18 months’ worth of dearness allowance arrears; central employees’ hopes broke
The central government has cleared its attitude on the 18 months’ overdue DA arrears of central employees. The federal government has explained everything. The federal government has been under pressure from numerous employee groups to pay back 18 months’ worth of Dearness Allowance (DA) that has been overdue. The Minister of State for Finance, Pankaj Chaudhary, has answered this...
