Latest update: 01.02.2023 In the Union Budget 2023, Finance Minister Nirmala Sitharaman announced that the rebate under Section 87A will be hiked from Rs5 Lakh to Rs7 Lakh for taxpayers under the new tax regime. It means a tax rebate of Rs 25,000 under section 87A is available under the new tax regime (applicable for…
Consumer Price Index for October 2022, November 2022, and December 2022 are respectively- 132.50, 132.50, and 132.3. It works out to 62 slabs of DR for the half year February 2023 to July 2023. Hence there will be an increase of 62 slabs in DR from February 2023 to July 2023. New DR (Dearness Relief)…
Updated on 02.02.2023 For the financial year 2023-24, salaried individuals, who have no business income, have the option to choose between the existing and new tax regimes. The new income tax slab rates are lower compared to the old tax rate. However, anyone opting for the new tax regime will have to forego most of…
Consumer Price Index for October 2022, November 2022, and December 2022 are respectively- 132.50, 132.50, and 132.3. It works out to 62 slabs of DR for the half year February 2023 to July 2023. Hence there will be an increase of 62 slabs in DR from February 2023 No of slabs Rate per Slab @…
The AICPIN-IW for the months of October 2022, November 2022, and December 2022 has been released by Labour Bureau of India. The average index number for the above 3 months is 8706. It means an increase of 32 slabs to bank employees and officers for the months of February 2023 to April 2023. The confirmed…
The AICPIN-IW for the months of October 2022, November 2022, and December 2022 has been released by the Labour Bureau of India. The average index number for the above 3 months is 8706. It means an increase of 32 slabs to bank employees and officers for the months of February 2023 to April 2023. The…
The AICPIN-IW for the months of October 2022, November 2022, and December 2022 has been released by Labour Bureau of India. The average index number of the above 3 months is —– It means an increase of ——- slabs to bank employees and officers for the months of February 2023 to April 2023. The confirmed…
The AICPIN-IW for the months of October 2022, November 2022, and December 2022 has been released by Labour Bureau of India. The average index number for the above 3 months is 8706. It means an increase of 32 slabs to bank employees and officers for the months of February 2023 to April 2023. The confirmed…
The AICPIN-IW for the months of October 2022, November 2022, and December 2022 has been released by Labour Bureau of India. The average index number for the above 3 months is 8706. It means an increase of 32 slabs to bank employees and officers for the months of February 2023 to April 2023. The confirmed…
As per the current guidelines, Securitisation is allowed only in the case of standard assets while lenders have to largely rely on Asset Reconstruction Companies (ARCs) for bad assets. Based on market feedback, stakeholder consultations, and the recommendations of the Task Force on Development of Secondary Market for Corporate Loans, RBI decided to introduce a…