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Daily Archives: July 4, 2022

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Follow on ‘Benchmarking India’s Payment Systems’ report released

Reserve Bank Functions and newsBy Surendra NaikJuly 4, 2022

The Reserve Bank of India on Friday released the report on Benchmarking India’s Payment Systems providing a comparative position of the payments ecosystem in India relative to other 21 major countries. The pilot exercise for benchmarking India’s payment systems was undertaken in 2019 with respect to the position in 2017. The above exercise was conducted…

Income Tax slabs and tax rates for FY 2022-23 both under old and new rules

Income taxBy Surendra NaikJuly 4, 20222 Comments

Updated on July 18, 2022 The tax slabs and tax rates for the financial year  2020-21, 2021-22, and 2022-2023  remain the same. The rules for the old tax regime and the new tax regime are also the same as in previous years. The amount of rebate u/s 87A has been kept unchanged under both the…

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