Delhi-based marketing manager Akshay Chopra earns well, but also pays a high tax even though his salary is tax-friendly. This is because Chopra does not claim all the deductions available to him. TaxSpanner estimates that Chopra can reduce his tax outgo by Rs.1.9 lakh if he claims exemption for house rent allowance (HRA) and his…
Defence Research and Development Organisation 2023 Jobs Recruitment Notification. DRDO inviting applications for the positions of Junior Research Fellow. Interested and Eligible candidates can apply for the positions. Walkin Date: 25/04/2023 to 28/04/2023. No.of Posts and Vacancies :-Junior Research Fellow – 07 Posts Qualification:Candidates who wish to apply for TBRL DRDO Recruitment 2023 should first check…
ITR Refund Not Received: As the deadline for filing income tax returns (ITR) for the assessment year (AY) 2024-25 passed on July 31, many taxpayers are eagerly waiting for their refunds. While the income tax department has streamlined the refund process over the years, delays can still occur. If your ITR refund is stuck, here’s…
The three major government-backed retirement plans, Employee Provident Fund (EPF), Voluntary Provident Fund (VPF), and Public Provident Fund (PPF), operate differently in terms of interest rates, taxation, and withdrawal guidelines. Your unique financial objectives, eligibility, and circumstances all play a role in selecting the best provident fund programme. Generally speaking, EPF and VPF are excellent…
DRDO 2023 Jobs Recruitment Notification.Defence Research and Development Organization inviting applications for the positions of Junior Research Fellow.Interested and Eligible candidates can apply for the positions. Last Date for Submission of Application is on 20th July, 2023. No.of Posts and Vacancies :-Junior Research Fellow – 01 Qualification: Graduate degree in professional course (B.E./ B.Tech) in…
On February 28, 2024, the government released the 16th instalment of the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme to all eligible farmers. The instalment, valued at over Rs 21,000 crore, was disbursed to more than 9 crore beneficiary farmers across the country. Beneficiary farmers are now expecting the 17th instalment of the scheme. When…
My wife and me have life insurance policies of ₹25 lakh each. My wife does not have any income. Can I claim deduction u/s 80C in respect of the premium paid for her?. Premiums paid by an individual for life cover taken for self, spouse, and children are eligible for the deduction u/s 80C. As far…
The Pension Fund Regulatory and Development Authority (PFRDA) has informed that subscribers can now access their NPS Account Transaction Statement via DigiLocker. What is DigilockerDigiLocker is a digital platform that provides a private cloud-based digital space that is shared and safe, allowing users to access all of their personal documents and certificates in one location….
The Life Insurance Corporation of India (LIC) has launched a new insurance plan — Dhan Vriddhi on June 23, 2023. It is a non-linked, non-participating, individual, savings, single premium life insurance plan which offers a combination of protection and savings, the insurer mentioned in a press release. LIC Dhan Vriddhi plan provides financial support for…
The National Pension System (NPS) is a government run scheme that is aimed at creating retirement benefits of workers in both public and private sectors. The voluntary contribution pension scheme is managed by Pension Fund Regulatory and Development Authority (PFRDA), a statutory body under the Union Finance Ministry. The scheme has been launched for retirement…