But being a government unit, you also get that security here. The post office had increased the interest rates on many of its schemes last month, due to which investors are going to get even higher returns. Post Office Time Deposit Scheme is also included in that scheme. It is also called National Savings Time Deposit Account in the post office.

Can earn guaranteed return

The option of investing in Post Office Time Deposit Scheme from 1 year to 5 years is open. Just like banks get fixed returns in FD, similarly you can earn guaranteed returns in post office time deposit scheme. In this, you can invest for 1, 2, 3 and 5 years, which have different interest rates. Maximum interest is 7.5%. Interest is calculated on a quarterly basis, which comes annually in your account. You also get tax exemption under 80C on investment of 5 years. There is also no limit on the maximum investment in this.

For what period is the return?

Post Office Time Deposit Calculator 2023

Suppose you are investing Rs 5 lakh for 5 years, then you will get a return at the rate of 7.5%. Your total maturity amount will be Rs 7,24,149. And you will earn Rs 2,24,149 only from interest.

Who can take advantage?

Any Indian citizen can invest in the post office time deposit account. In this, single account, joint account (3 people together), on behalf of the minor, his parents or guardian can open the account. If the minor is above 10 years of age, then he can also open an account under this scheme in his own name.

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The first gift in July could be an increase in dearness allowance and the second increase in fitment factor. In view of the demand of central employees under the 7th Pay Commission, the central government may announce an increase in the fitment factor in July. Significantly, the central employees have been demanding to increase the fitment factor for a long time. Actually, there is an increase in the basic salary under the fitment factor.

7th Pay Commission: c

At present, fitment factor at the rate of 2.57 per cent is being given to central employees under the 7th Pay Commission. There is a demand to increase it to 3.68 times. Increasing the fitment factor from 2.57 to 3.68 will increase the minimum basic pay from Rs 18,000 to Rs 26,000. If the central government accepts this demand, then there will be a tremendous increase in the minimum wages of the central employees.

Basic pay will be calculated at 3.68 per cent instead of 2.57 per cent.

The last time the government increased the fitment factor was in the year 2016. The 7th Pay Commission was also implemented in the same year. At that time the minimum wage of the employees had come down to Rs 18,000 directly from Rs 6000. Whereas, the upper ceiling was increased from Rs 90,000 to Rs 2.5 lakh. Now the government can increase the salary of central employees again this year.

Basic Pay Rs.18000 to Rs.26000

The fitment factor determines the basic pay for all central government employees. This time, if there is a possible increase in the fitment factor, then the minimum basic pay will increase from Rs 18000 to Rs 26000.

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Taxpayers adopt many methods to save income tax. The government runs many schemes for tax deduction. While filing ITR, taxpayers have to tell about all their investments. But there are many people who give wrong information in ITR, due to which problems arise for them. Income Tax can send notices under various Acts to those taxpayers who give wrong information. Income tax returns are scrutinized in two ways. First compulsory and second manual. But you can save yourself from it by keeping a few things in mind.

Not filing ITR

The Income Tax Department also sends notices to those taxpayers who do not file ITR. It is mandatory for people coming in the income tax slab to fill ITR. Despite being an Indian citizen, it is mandatory for you to file ITR even if you have assets abroad. Income tax note can come home if not filled.

Mistakes in tds

Many times people make mistakes even while filling TDS. Even if there is a difference between TDS deposited and TDS deposited, the notice can come at home. That’s why you must know how much TDS has been deducted before filing ITR.

Undisclosed income

In ITR, you have to tell how much you earn in a financial year. Apart from this, the investment also has to be told. If you earn from investment and you do not disclose it, then also in that case income tax people can send you a notice. To avoid this, you can get the statement of interest from the bank and put it in ITR. Apart from this, you must also give information about the income you are getting from other sources.

Mistake in ITR

Many times people make mistakes while filling ITR in a hurry and forget to fill some important things. In such a situation also notice can come at home.

High value transactions

If you do a big transaction, which is different from your normal transaction, then also notice can be received. For example, if your income is Rs 5 lakh and Rs 12 lakh is deposited in your account in a year, then the Income Tax Department can investigate it or the source of income can be asked.

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It is expected that the Vande Bharat train will start running between Jabalpur-Indore from the last week of March. This will be the first Vande Bharat for Madhya Pradesh. Let us tell that Vande Bharat Express is currently running on 10 routes.

PM Modi will show the green flag!

According to the information coming out, the preparations for running the Vande Bharat train by the Jabalpur Railway Division have almost been completed. Vande Bharat train rakes will be maintained in the coaching yard of Jabalpur. Quoting sources, it is being told in the media report that in the beginning of April, Prime Minister Narendra Modi can show it the green signal.

The train will have a stoppage at Bhopal’s Rani Kamlapati railway station. Let us tell that this train was to be flagged off in the month of February itself, but due to its launch in Maharashtra, it got delayed. An investment of Rs 100 crore has been made on the construction of a train maintenance center in Bhopal.

Vande Bharat Express is becoming the first choice of people

It is noteworthy that the fastest running Vande Bharat Express of Indian Railways is now becoming the first choice of rail passengers. This semi-high-speed train is equipped with world-class facilities. Vande Bharat Express can run faster than other trains running in the country. Talking about the features of Vande Bharat Express, the maximum speed of the train is 180 kmph. Due to safety reasons, the train is currently being operated with a maximum speed of 130 kmph.

The design of this train also makes it special. Which is more modern and angular than the boxy, muscular trains of the Indian Railways. The dual color scheme of white and blue is also attractive. Also, the raised nose of the engine is like high-speed trains from other countries. It catches the speed of 0-100 kmph in just 52 seconds, while other trains in the world take up to 60 seconds.

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Late evening snowfall occurred in Hemkund Sahib and Badrinath. The Meteorological Department has predicted light rain and snowfall at isolated places in Uttarkashi, Chamoli and Pithoragarh districts for the next four days.

There is a possibility of light rain and snowfall in the hilly districts of Garhwal division, Pithoragarh and Bageshwar of Kumaon on February 27, 28. On March 1-2, there may be light to moderate rain and snowfall at many places in the hilly districts of the state and light rain and snowfall at some places in the plains districts.

There is a possibility of snowfall in the areas of height of 3500 meters and above. A warning of hailstorm with lightning has been issued in some hilly and plain districts. For this, the Meteorological Department has issued a yellow alert.

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A formula has been agreed upon for this purpose. Although it has not been announced yet. Dearness Allowance for employees and pensioners is calculated on the basis of the Consumer Price Index for Industrial Workers (CPI-IW) released by the Labor Bureau every month. The Labor Bureau is a part of the Ministry of Labor.

Dearness Allowance may increase to 42 percent

Shiv Gopal Mishra, general secretary of the All India Railwaymen’s Federation, said the CPI-IW for December 2022 was released on January 31, 2023. The increase in dearness allowance works out to 4.23 percent. But the government does not take decimals into DA. In such a situation, there can be an increase of four percentage points in DA.

It can be increased from 38 percent to 42 percent. He told that the Expenditure Department of the Finance Ministry will make a proposal to increase DA. In this, its revenue effect will also be told. This proposal will be placed before the Union Cabinet for approval. The increase in dearness allowance will be applicable from January 1, 2023.

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The state government has stepped up preparations for the budget 2023. If reports are to be believed then the upcoming budget will focus on youth and women. State Chief Minister Ashok Gehlot has also discussed the budget with youth, sportspersons, women, professionals and talented students in the Government Secretariat.

Will give cooking gas for Rs 500: Ashok Gehlot

Not only this, Chief Minister Ashok Gehlot is going to take special care of women in the budget this time. Assembly elections are going to be held in Rajasthan this year. At present, there is a Congress government in the state which wants to come back to power again at any cost. In the month of December in Alwar, the Chief Minister of Rajasthan, Ashok Gehlot had said something to give relief to the public. Addressing the public, he said that this time I will present the budget and announce in it that we will give 12 domestic cylinders worth Rs. 1,040 for Rs. We will do whatever we can in inflation.

The issue of price rise is serious. We will give 12 gas cylinders in a year at Rs 500 each to BPL families after April 1 next year. No one should remain deprived of benefits of government welfare schemes: Rajasthan CM Ashok Gehlot at Alwar pic.twitter.com/unrGvFwJfp

— ANI MP/CG/Rajasthan (@ANI_MP_CG_RJ) December 19, 2022

What did Ashok Gehlot say before the budget

Let us discuss here that Rajasthan Chief Minister Ashok Gehlot will present the annual budget of the state on February 8. The budget session of the state assembly has started from 23 January. The finance department is also under Gehlot, so the expectations of the people are high this time. A few days ago, Chief Minister Ashok Gehlot said that last year a separate budget was presented for agriculture and this time the budget will focus on youth and students.

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These recruitments will help Airbus grow commercial aircraft operations and meet challenges related to defense, space and helicopters. Out of these new jobs, there will be around 7,000 new posts. More than 9,000 posts will be for Europe and the rest will be linked to the company’s global network.

A large number of recruitments have been done in 2022 as well.

According to a Reuters report, Airbus said that in 2022 the company has already made such number of recruitments and currently has 1,30,000 employees worldwide. One-third of the new recruits will be placed on recent graduates.

The company preparing the future of aviation

This global recruitment will focus on new skills that support the company’s long-term vision, such as new energy, cyber and digital, along with technical and manufacturing. The new recruits will focus on the company’s ambitious roadmap for decarbonisation and shaping the future of aviation.

This news related to recruitment in Airbus is also important because these days social media is full of news related to retrenchment. Companies are laying off thousands of people to cut costs and fear recession. It is believed that this phase of retrenchment will continue in 2023 as well. About 67,268 people have been evacuated in the first month this year itself.

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According to the Meteorological Department, there are chances of rain today and tomorrow i.e. on 25 and 26 December. In some places, till January 30, the forecast of rain is being expressed. There may be light and heavy showers at some places, while there is a possibility of hailstorm at some places.

Snowfall is happening on the mountains

According to the Meteorological Department, there is snowfall in the high altitude areas of Jammu-Kashmir, Himachal Pradesh and Uttarakhand. Talking about Himachal Pradesh, cold wave intensified in the state due to light to moderate snowfall in the tribal areas and high altitude areas and intermittent light rains in the middle and lower hilly areas.

Enhanced rainfall/snowfall activity with possibility of heavy falls over Western Himalayan Region and rainfall activity over plains of Northwest India during 24th to 26th January, 2023.

For more detail kindly visit: https://t.co/0kD8Dl2LXj pic.twitter.com/jvWbu0Fc3Y

— India Meteorological Department (@Indiametdept) January 22, 2023

Officials said on Tuesday that there was 30 cm of snow at the top of Rohtang Pass, followed by 17.5 cm and 15 cm of snow at the North Portal and South Portal of Atal Tunnel respectively.

Thunderstorm, lightning likely The local weather office has predicted thunderstorm, lightning and hailstorm at different places in the plains and lower hills of eight districts, except Kullu, Shimla, Kinnaur and Lahaul and Spiti, on Wednesday. It has also predicted rain till January 30 as another Western Disturbance will affect the region from January 27 night.

According to the Meteorological Department, there is a possibility of rain in Delhi, Punjab, Haryana, North Rajasthan and Western Uttar Pradesh today and tomorrow. Cold wave can also return again due to rain.

At the same time, according to private weather forecasting agency Skymet Weather, there are chances of heavy rain and snowfall in Ladakh, Jammu-Kashmir, Himachal, Uttarakhand. Hailstorm may also occur in Jammu Kashmir, Himachal, Uttarakhand, North Haryana, North Punjab and Western UP.

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According to the bank, customers can start this scheme with as little as ₹1,000 as well as add more money in the same deposit. RBL Bank on its website mentions that “Smart Deposit is a flexible fixed deposit offered by the bank for the convenience of its depositors.

With the benefit of compound interest, the interest rate will remain the same for both the monthly savings and the top-up amount maintained till maturity. The interest rates on Smart Deposit will be the same as applicable to Fixed Deposit. Interest on the deposit is compounded at quarterly intervals at appropriate rates.

How much interest will customers get ?

Regular customers will get interest at the rate of 7.55%, senior citizens at 8.05% and super senior citizens at 8.30% for a period of 15 months. Top-up can be started from Rs.50 only. At the same time, its duration can be of maximum 60 months and minimum of 6 months.

On Premature Withdrawal

During the tenure of the Smart Deposit, the interest rate will not change. Interest will be calculated by the Bank at the effective rate for the tenure of the Smart Deposit after deducting 1% in case of early withdrawal. However, Senior Citizens and Super Senior Citizens who prematurely withdraw the Smart Deposit are not subject to any penalty.

Know what are the interest rates on FD The bank has increased the interest rate on FDs of 7 days to 364 days by 50 basis points. After the increase, RBL Bank is giving 25 basis points more i.e. 3.50% interest on FDs of 7 days to 14 days to its customers. On the other hand, the bank will pay 25 basis points more on FDs of 15 days to 45 days i.e. 4 percent, 50 basis points more on FDs of 46 days to 90 days i.e. 4.50 percent and 25 basis points more on FDs of 91 days to 180 days i.e. 4.75 percent, It is paying 5.50% interest on FDs of 181 days to 240 days and 6.05% on FDs of 241 days to 364 days.

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Rain is being seen in the northern states of Uttar Pradesh, Delhi, Haryana, Punjab and the Meteorological Department has predicted continuous rain for the next 3 days. Due to snowfall on the mountains in the plains of the country including the country’s capital Delhi, the cold wave has increased a lot. According to the Meteorological Department, before January 26, there is a possibility of rain in the plains and heavy snowfall in Shimla. On the other hand, due to Western Disturbance, continuous changes will be seen in the weather of the country till January 28.

Rain alert issued in Delhi

The Meteorological Department has issued an alert for rain in the capital Delhi for the next one week. Along with this, it has also started with drizzle at many places in the capital. However, due to this rain, people seem to be getting relief from the cold wave. Delhi recorded a minimum temperature of 10 degrees Celsius while the maximum temperature was recorded at 23 degrees Celsius. At the same time, due to light rain, the weather has also become quite pleasant. On the other hand, talk about the pollution of Delhi, the AQI in the capital was 306, which falls in the very poor category.

Chance of rain in these districts of Uttar Pradesh

Rain has been seen in many districts of Uttar Pradesh in the last 24 hours. Along with this, moderate rain and drizzle will continue in different parts till January 28. Rain was recorded in Amethi, Ambedkar Nagar and Sultanpur including Lucknow, Ayodhya. According to the Meteorological Department, the weather will remain like this till January 27, along with it there was hailstorm in Gonda district last day.

It may rain in these districts of Madhya Pradesh

According to the Meteorological Department, Western Disturbance has become active in North India. Its effect will be seen in Madhya Pradesh, due to which there is a possibility of light rain in 15 districts from January 22 to 3 days. That is, at the end of January, once again an increase in cold can be seen.

According to the Meteorological Department, light rain is expected in Gwalior, Shivpuri, Guna, Datia, Ashoknagar, Sheopur, Morena, Bhind including Datia, Sagar, Chhatarpur, Tikamgarh, Damoh, Niwari and Panna in Bundelkhand from January 22 to 24.

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It is believed that the government can make any provision regarding payment of additional pension to crores of pensioners of the country. However, on the recommendation of the Standing Committee, the Budget Division of the Department of Economic Affairs has also asked the Department of Pension and Pensioners’ Welfare that the government’s liabilities for payment of arrears of pension to lakhs of pensioners of the country have increased even as the additional pension payments If provision is made, where will the money come from for that?

The biggest obstacle in the life of single family pensioners

In the recommendation made by the Standing Committee of the Parliament, it has been mentioned that the committee is quite familiar with the social churning and changes taking place in our society over the years. There has been a system of joint family in our country and nuclear family is taking its place.

The growth of nuclear families has further increased individualism and individualistic thinking and a generation is growing up which wants to do away with the tutelage of elderly parents or grandparents as per the tradition of joint families. In such a situation, the problem of taking care of the elderly is increasing day by day.

Pensioners organization demanded additional pension

The Standing Committee has also said in its recommendation that according to an estimate, by 2050, the number of elderly people above 60 years of age in the country’s population is expected to increase significantly. So, looking at such changes at the societal level, we need a strong pension system for the elderly, which can help them survive in this world without being a burden on anyone.

The standing committee, in its recommendation, has said that pensioners’ organizations have asked the government to give 5 percent additional pension to pensioners who attain the age of 65 years, 10 percent to 70 years, 15 percent to 75 years and 20 percent to 80 years. has demanded. The committee said that the government should sympathetically consider the demands of pensioners’ organizations.

Where will the money come from for additional pension payment?

The Standing Committee has recommended that the Department of Pension and Pensioners’ Welfare (DoPPW) should proceed seriously with the Ministry of Finance and apprise the Committee about the same. On the recommendation of the Standing Committee, the Department of Expenditure advised on 5 April 2022 that the Department of Pension and Pensioners’ Welfare has not told how the additional financial burden will be met by the government.

Therefore, it is advised to first wait for the comments of the Budget Division of the Department of Economic Affairs.

Additional burden on the government

As advised by the Department of Expenditure, the matter was referred to the Budget Division of the Department of Economic Affairs on 07 April 2022 for seeking their comments on the proposal. The Department of Economic Affairs said in its reply on 2 May 2022 that due to the old pension scheme, the pension liabilities of the government have not only reached Rs 2.07 lakh crore in the financial year 2022-23, but are also increasing year by year.

Further increase in these liabilities due to the present proposal will put significant pressure on the government, which may not be desirable when the government is engaged in providing higher resources for productive investment while following the path of fiscal consolidation. In addition, with improvements in health infrastructure and demographic changes, the overall life expectancy is expected to increase further.

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The government has made a big change in the ITR rules. From now on, certain people will not have to file income tax returns. Finance Minister Nirmala Sitharaman had announced this in the budget.

The Finance Ministry has announced that from now onwards such senior citizens above 75 years of age will not have to file income tax returns. Let us tell you that those senior citizens who have only pension or interest from the bank, then they will not have to file ITR. The Finance Ministry has given information about this by tweeting.

Under which act will you get the benefit?

The government has told that a new section Section 194P has been added to the Income Tax Act, 1961, under which senior citizens will get this benefit.

As announced in Budget FY 2022-23, senior citizens above 75 years of age, having only pension and interest income, are now exempted from filing Income Tax Return. #PromisesDelivered pic.twitter.com/iuyIzyQPnJ

— NSitharamanOffice (@nsitharamanoffc) January 5, 2023

CBDT has given the information While giving the information, the Central Board of Direct Taxes has told that a notification has been issued regarding this. Apart from this, amendments have also been made in Rule 31, Rule 31A, Form 16 and 24Q and this sector has been operationalized.

The last date to start manufacturing has been extended by 1 year for full tax benefits as promised . Now its last date has been made 31 March 2024. The Income Tax Act provides many concessions and exemptions along with making provisions for tax on the income of the citizens. Tax payers also get a lot of relief from these concessions and exemptions. Keeping this in mind, an important decision was taken by the Modi government in the budget of 2018.

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Which will be of some help in daily expenses after your retirement. If you want that you get a substantial amount as pension, then this news can prove to be very useful for you. In this news, we are going to give you information about the excellent pension plan of the country’s most trusted insurance company LIC. Know what is special in this plan ..

The name of this plan of LIC is New Jeevan Shanti Yojana. Before investing in it, you must know the complete information about it. By investing in it, you get the facility of lifelong pension after retirement.

Know what is the plan

Many types of pension plans of Life Insurance Corporation of India ie LIC are available in the market. If you have to retire due to age or any other reason in the job, then often people’s source of income ends. After retirement, the burden of expenses in your normal life increases considerably. LIC’s New Jeevan Shanti Scheme (LIC New Jeevan Shanti Scheme) is an annuity plan, that is, while taking it, your pension amount becomes fixed. In this, you will also get the facility of pension every month.

Facility of two options in the plan

You get the facility of two types of options under this scheme. The first option in this is Deferred Annuity for Single Life. And the other is Deferred Annuity for Joint Life. In the first option, you can buy a pension scheme for one person.

Nominee will get money on death

If a policyholder dies, and he has a Deferred Annuity for Single Life Plan, then the money deposited in his account will be given to the nominee. If the policyholder survives, he will get pension. If one person dies in Deferred Annuity for Joint Life, then the other gets the facility of pension. On the other hand, if both the persons die, then all the money will be given to the Nominee.

What is annuity payment

The mode of payment is half yearly, quarterly and monthly. Annuity payment will be after 1 year, 6 months, 3 months and 1 month from the date of vesting of annuity, depending on whether the mode of annuity payment is yearly, half-yearly, quarterly or not. The annuity rates are guaranteed at the inception of the policy and the annuity is payable when the deferred period is over.

LIC increased the annuity rate

Recently LIC has increased the annuity rates for the new Jeevan Shanti plan. LIC has increased the annuity rates from 5 January 2023. Revised version of this scheme with annuity rates has become available in the market for sale. It ranges from Rs 3 to Rs 9.75 or Rs 1000 depending on the purchase price and deferment period selected.

Understand at a glance what is special 

• There is no maximum limit for investment in this scheme.
• The minimum plan price of New Jeevan Shanti Scheme is Rs.1.5 lakh.
• You can invest at least 1.5 lakh in this plan. 
• You can take pension on yearly, 6 months, 3 months or monthly basis as per your need.
• If you invest Rs 1.5 lakh, you will get a pension of Rs 1000 every month for life.

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Because the transfer process of this account has been made even easier. For this, you have to first give a Sukanya Yojana transfer request to your current bank or post office by entering the address of the new bank branch. Balance in Sukanya Accounts and for account transfer will send the certified copy of the existing bank or post office account, account opening application, signature etc. along with original paperwork to the new bank branch address along with a check or money order

As per the ICICI Bank website, after receiving the transfer documents at the ICICI Bank branch, the customer needs to submit a new Sukanya account opening form along with a fresh set of KYC documents. After this your Sukanya account will be transferred. Under the new process, now the account holder will not have to worry.

So much interest is being received in Sukanya Yojana

The government has increased the interest rates of some small savings schemes for the January-March 2023 quarter. However, there has been no increase in the interest rates of PPF and Sukanya Samriddhi Yojana for this quarter. So far 7.6 percent interest is being given on Sukanya Yojana. The process of transferring the account of Sukanya Yojana has become very easy and simple.

Explain that Sukanya Samriddhi Yojana (SSY) is being run especially to benefit girls. This scheme helps parents to secure their girl child’s higher education or marriage as well as her financial future, as it provides guaranteed interest income and tax exemption.

Documents required to open Sukanya account

• Sukanya account opening form.
• Birth certificate of the girl child, on which the name of the child is mentioned.
• Photograph of the parent/legal guardian of the girl child.
• KYC documents (identity and address proof) of the parent/guardian.

Benefits of Sukanya Yojana

1. The age of daughters should not be more than 10 years at the time of opening the account.
2. Account maturity period is up to 21 years from the date of opening of the account.
3. Maximum period for which deposits can be made – 14 years from the date of opening of the account.
4. Applicable under section 80C of the IT Act 1961. Triple Tax Benefit – The principal amount, the interest earned as well as the maturity amount are tax free.
5. The account can be closed in the event of the death of the depositor or in situations involving strong compassionate justification such as the need for medical care for life-threatening conditions.
6. A fine of Rs 50 per year will have to be paid along with the minimum amount per year.
7. After the age of 18 years, up to 50% of the amount in the account can be withdrawn for the purpose of marriage. The rest of the money can be withdrawn on completion of 21 years.

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Income Tax: If your salary package is 10 lakh rupees and you pay a large part of your earnings in the form of tax, then be careful. Perhaps you would think that there is no way to save tax, in such a situation, if it is right to pay tax, then you are wrong. Not only this, even if your salary package is 10.5 lakh rupees, even then you will not have to pay 1 rupee as tax. Let’s know the complete maths…

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Income Tax Saving: Form-16 has been issued by the companies. The last date for filing ITR has been fixed by the Income Tax Department as July 31. In such a situation, if you are also thinking of paying tax on income of 10 lakh rupees, then you are wrong.

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The new interest rates have come into effect from December 22 on FDs with a tenure of 12 months to 24 months. According to the information available on the company’s website
, the new interest rate is applicable on FDs ranging from Rs 15,000 to Rs 5 crore.

For non-senior citizens, the interest rate on FD for 15 months is 7.20 percent, 7.25 percent for 18 months, 7.35 percent for 22 months, 7.30 percent for 30 months, 7.30 percent for 33 months, 7.60 percent for 39 months and Will be 7.70 percent for 44 months.

Rates of interest on different tenures

This is a cumulative interest rate, which means that the interest will be paid simultaneously on maturity. Apart from this, the interest rate on FD for 12-23 months is 7.05 percent, 7.50 percent for 24 months, 7.25 percent for 25-35 months and 7.50 percent for 36-60 months.

At the same time, senior citizens i.e. senior citizens above 60 years of age will get 7.45% on FD for 15 months, 7.50% for 18 months, 7.60% for 22 months, 7.55% for 30 months, 7.55% for 33 months, 7.85 percent interest is being given for 39 months and 7.95 percent for 44 months . Senior citizens will get 7.30 per cent interest on term deposits of 12-23 months, 7.75 per cent for 24 months, 7.50 per cent for 25-35 months and 7.75 per cent for 36-60 months.

Understand the calculation of interest on FD of 5 lakhs

If a senior citizen makes an FD of 5 lakh rupees for 44 months, then on completion of the fixed deposit period, he will get a total of 6.62 lakhs including interest. The share of interest in this will be Rs 1.62 lakh. While non-senior citizens will get a total of Rs 6.56 lakh on an FD of Rs 5 lakh in the same period. The amount of interest in this will be Rs 1.56 lakh.

Let us tell you that bank FD is a popular and safe option for investment in India. Every person wishes for a safe investment through bank fixed deposits. Due to continuous increase in interest rates by RBI in the last few months, banks and NBFCs have also increased the interest rate on savings schemes.

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Insurance worth lakhs is available on gas connection

Let us tell you that you get insurance up to Rs 50 lakh on LPG gas connection. This is called LPG insurance cover. This is given for the loss of life and property due to any kind of accident caused by the gas cylinder. You get insured for this policy as soon as you get the gas connection. You get this insurance as soon as you get a new connection.

What is this insurance policy

Let us tell you that when you buy a cylinder, you get LPG insurance at the same time. Along with this, you should also take special care of the expiry date while buying the cylinder. Because it is linked only to the expiry date of the insurance cylinder. You should know that if someone dies due to cylinder blast, then an insurance cover of up to Rs 50 lakh is claimed. You do not have to pay any extra monthly premium for this. If an accident happens with a gas cylinder, then the victim’s family members can claim for it.

This is how you can claim

Explain that to claim the insurance of LPG cylinder, you have to inform about it to your distributor and the nearby police station within 30 days of the accident. For this, it is also necessary to have a copy of the FIR. Along with this, medical receipt, hospital bill, post mortem report and death certificate are also required. Let us inform that the person in whose name the gas cylinder is issued, also gets the amount. No one can be made a nominee in this policy. Also, your cylinder, its pipe, stove and regulator should be ISI marked.

The post LPG Cylinders: Big News! 50 lakhs benefit is available on LPG gas cylinder, know full details first appeared on Rightsofemployees.com.

Income Tax Saving: Form-16 has been issued by the companies. The last date for filing ITR has been fixed by the Income Tax Department as July 31. In such a situation, if you are also thinking of paying tax on income of 10 lakh rupees, then you are wrong.

The post Income Tax Big News! Tax of Re 1 will not have to be paid even on earning of 10 lakhs, Know full details first appeared on Rightsofemployees.com.

Income Tax Saving: Form-16 has been issued by the companies. The last date for filing ITR has been fixed by the Income Tax Department as July 31. In such a situation, if you are also thinking of paying tax on income of 10 lakh rupees, then you are wrong.

The post Income Tax Big Update! Tax of Re 1 will not have to be paid even on earning of 10 lakhs, Know full details first appeared on Rightsofemployees.com.