Tax for 12 LPA: How to Save Tax for a Salary of 12 Lakhs?
Income Tax Slabs Under the Old Income Tax Regime and New Income Tax Regime Old Tax Regime Income Tax SlabTax RateUp to ₹ 2,50,000Nil₹2,50,001 - ₹5,00,0005%₹5,00,001 - ₹10,00,00020%Above ₹10,00,00030% New Tax Regime (FY 20-21, FY 21-22 & FY 22-23) Income...
How to Save Tax for a Salary of 20 Lakhs?
Income Tax Slabs Under the Old Income Tax Regime and New Income Tax Regime Old Tax Regime Income Tax SlabTax RateUp to ₹ 2,50,000Nil₹2,50,001 - ₹5,00,0005%₹5,00,001 - ₹10,00,00020%Above ₹10,00,00030% New Tax Regime (FY 20-21, FY 21-22 & FY 22-23) Income...
How to Save Tax for a Salary of 7 Lakhs?
Income Tax Slabs Under the Old Income Tax Regime and New Income Tax Regime Old Tax Regime Income Tax SlabTax RateUp to ₹ 2,50,000Nil₹2,50,001 - ₹5,00,0005%₹5,00,001 - ₹10,00,00020%Above ₹10,00,00030% New Tax Regime (FY 20-21, FY 21-22 & FY 22-23) Income...
Gramin Bank Fixed Deposit: FD Rates of All Gramin Banks
Regional Rural Banks (RRB) in India offer Gramin FDs to citizens of India. These banks are established by the Government of India to develop the rural economy by catering to their basic banking needs. There are 56 RRBs that offer...
SBI Sarvottam FD Scheme – Interest Rate, Minimum Amount & Benefits
State bank of India offers SBI fixed deposit scheme named as Sarvottam FD is a non-callable term deposit offering a higher interest rate. The Sarvottam deposit scheme doesn't allow premature withdrawals. NameSBI Sarvottam FD SchemeMinimum Deposit AmountRs. 15 LakhsMaximum Deposit...
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EPS vs NPS: Which is Better and Key Differences Explained
Employee Pension Scheme (EPS) is a mandatory savings scheme for employees whose basic salary plus Dearness Allowance (DA) is up to INR 15,000. The maximum EPS contribution by the employer is 8.3% of basic salary + DA. EPS offers a...
What is an Exempted Trust in PF? Understanding Exempted PF Trust
Certain public and private sector companies have their own PF trusts to manage employee contributions. These companies manage the contributions instead of sending them to the EPFO. Such companies are known as Exempted PF Trusts. Exempted PF Trust Contributions In...
Disadvantages of Senior Citizen Savings Scheme in India
The Senior Citizen Savings Scheme (SCSS) was introduced by the Government of India in 2004 with the objective of providing financial security to senior citizens. While the Senior Citizen Savings Scheme offers a high rate of interest and tax benefits,...
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