Highlights of Union Budget 2023-2024
Individuals tax slabs: Before listing out the new slabs, the minister announced that the Old Tax Regime will only be available on request now, and what was known as the New Tax Regime so far will thus be considered the default regime. No changes have been made to the old tax regime. The Union Finance…
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What is the exact provision of section 87A of the Income Tax Act?
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 Rs 7 Lakh to Rs12 Lakh for taxpayers under the new tax regime. As per the present proposed Finance Bill 2025, this rebate under Section 87A for the financial year 2025-26 is…
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<strong>Bank pensioners Dearness chart for the period Feb 2023 to July 2023</strong>
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)…
Read article <strong>Bank pensioners Dearness chart for the period Feb 2023 to July 2023</strong>
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 @…
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Confirmed DA chart of bank employees and officers for the months of February 2023 to April 2023
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…
Confirmed DA chart of bank officers for the months of Febraury 2023 to April 2023
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…
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