Blog

Latest income tax slab rates for FY 2023-24 (AY 2024-25)| EconomicTimes [ad_1] Default tax regime Further, the new income tax regime becomes the default tax regime. However, the individuals will have an option to continue with the old income tax regime. The government has reduced the surcharge of the highest rate from 37% currently to 25% in new tax regime. ...

Post Office Monthly Income Scheme limit enhanced to Rs 9 lakh for individuals in Union Budget 2023 [ad_1] The Post Office Monthly Income Scheme (POMIS) limit has been enhanced to Rs 9 lakh from Rs 4 lakh for single account holders. In case of joint holding, the limit has been increased to RS 15 lakh from Rs 9 lakh in ...

digilocker: Soon, you will be able to update address, identity proof easily via DigiLocker says Budget 2023 [ad_1] DigiLocker will now be a one-stop KYC maintenance system for individuals, allowing you to make changes to papers that will be reflected in all of your documents that are linked to digilocker, Budget 2023 announced. Digilocker and Aadhar will be used as ...

Currencies take a breather as investors await US Fed interest rate decision The dollar was broadly flat against major currencies on Wednesday ahead of an eagerly-awaited Federal Reserve policy decision that investors hope will signal the end of the U. S. central bank’s interest rate hiking cycle. After a series of jumbo rate hikes in 2022 ...

Changes expected in income tax slabs in India for fy 2023-24 [ad_1] Old tax regime Under the old tax regime, a resident individual aged below 60 years, NRI can claim basic exemption of Rs 2.5 lakh from total income in a financial year. In case of senior citizens and super senior citizens, the basic exemption limit is Rs 3 lakh ...

Rupee gains 12 paise to 81.76 against US dollar ahead of Union Budget The rupee opened on a positive note and gained 12 paise to 81.76 against the US dollar in early trade on Wednesday ahead of the Union Budget presentation. At the interbank foreign exchange, the domestic unit opened at 81.76 against the dollar, ...

ICICI Bank, PNB revise home loan, other loan interest rates [ad_1] ICICI Bank and Punjab National bank have revised their marginal cost-based lending rate (MCLR) across all tenures. The higher interest rates are effective from February 1, 2023. Punjab National BankAccording to the PNB Bank website, the overnight is increased to 7.90 percent, one-month MCLR rate has been increased to ...

Rupee poised to inch up on fall in US yields; budget, Fed outcome eyed By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is likely to open higher versus the dollar on Wednesday, helped by the decline in Treasury yields following weak U.S. economic data. The rupee is expected at around 81.75-81.80 per U.S. ...

Expectations from Budget 2023: Will salaried individuals get income tax relief this year? [ad_1] Personal income tax (PIT), including Securities Transaction Tax (STT), constituted Rs 5,26,477 crores (net of refund) i.e., approximately 46% of the total net direct tax collections. According to recently published data, the growth rate of PIT in terms of gross revenue collections in financial year (FY) ...

National Savings Certificate: What will be interest on NSC purchased on or after 1st day of January, 2023 [ad_1] National Savings Certificate (NSC) is a fixed income investment with an interest rate for the quarter January – March 2023 will fetch 7%. The interest rate is revised every quarter by the government of India. According to the Ministry of Communications ...