Relief under section 89(1) | Filing form 10E FY 2024-25 free Excel

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Relief under section 89(1) - Filing form 10E

What is Relief under section 89(1) and filing form 10E? Relief under Section 89(1) applies to the Assessee having Income from Salary. Which is claimed by filing Form 10E. This applies only under the head ‘Income from Salary’. Salaried employees receive their salary on a regular basis, which is taxed based on the accrued or received amount. Sometimes, employees may also receive salary arrears for past periods. This usually happens when a pay commission revises salaries or due to other reasons. When the salary is received in arrears, it is…

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Income Tax Calculator FY 2025-26 | Free Excel Download

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Income Tax Calculator FY 2025-26

Income Tax Calculator FY 2025-26 Free Excel Download It calculates tax for Individuals on income from, Income From Salary Pension Income Family Pension Self-Occupied House Property Let-out House Property Income from Other Sources (Interest, Dividends etc..) HRA Calculator   Default Tax Regime : From FY 2023-24, the default tax regime is the New Regime. Dedications for Investments under Sec. 80 : It is not available under the new regime. New regime discourages the investments made for deductions.  Only the deductions below are available under the new regime. Sec. 80CCD –…

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Reporting HSN code in Table 12 of GSTR-1 from May 2025 | Export Turnover

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Reporting HSN code in Table 12 of GSTR-1

In continuation of the phase-wise implementation, Phase 3 is rolled out for Reporting HSN code in Table 12 of GSTR-1 from May 2025. Now the table 12 is divided between B2B & B2C to be reported separately. Reporting of HSN/SAC code for Export Turnover in table 12 of GSTR-01 In this article, the reporting of HSN code for Export Turnover is covered. The Exporters have to report the HSN / SAC code under B2C Supplies. It is irrespective of filing in table 6A or 6B. The Export is outside India…

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Pradhan Mantri Suraksha Bima Yojana | PMSBY

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Pradhan Mantri Suraksha Bima Yojana

Pradhan Mantri Suraksha Bima Yojana (PMSBY). A Simple Guide for Indians   Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a social security scheme launched by the Central Government of India. It was introduced by Prime Minister Narendra Modi on 9th May 2015. The scheme aims to provide affordable accident insurance to people between the ages of 18 and 70, especially those who are poor or from disadvantaged backgrounds. The annual insurance premium is only Rs. 20/-. Key Benefits of this scheme Accidental Death Cover: ₹2 lakh Permanent Total Disability Cover:…

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Income Tax Calculator for FY 2024-25 (AY 2025-26) | Free Excel Download

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Income Tax Calculator for FY 2024-25

The Income Tax Calculator for FY 2024-25 (AY 2025-26) is in Excel and is free to download. Tax Calculation Heads for individuals. Salary income Pension Family Pension House Property Other Sources (Interest, Dividends etc.) The Download link is available at the end of this Post. Highlights of New Tax Regime. Default Tax Regime : From FY 2023-24, the new tax regime is the default regime, while the option of selecting the old tax regime is also available. Discourage Investments : New tax regime discourage investment. Because the deduction is not…

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BOB MONSOON DHAMAKA | Deposit Scheme

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BOB MONSOON DHAMAKA Deposit Scheme

Bank of Baroda (BOB) introduced the BOB MONSOON DHAMAKA Deposit Scheme in 2 tenures on 15th July’24. There are 2 Deposit schemes introduced for a tenure of 333 days and of 399 days. Basic details of the BOB Monsoon Dhamaka Scheme : Class Tenure Interest Int. (Sr. Ctzn.) Deposit Amt. Callable Deposit 333 days  @ 7.15%  @ 7.65% Less than ₹ 1 Cr. 399 days  @ 7.25%  @ 7.75% Less than ₹ 1 Cr. Non-Callable Deposit 399 days  @ 7.40%  @ 7.90% From ₹ 1 Cr. to ₹ 3 Cr.…

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AMRIT VRISHTI | SBI Fixed Deposit scheme

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SBI Amrit Vrishti FD Scheme

State Bank of India (SBI) India’s largest Public Sector Bank again launched an attractive scheme called the “AMRIT VRISHTI Fixed Deposit scheme” on 15th July 2024. This is in continuation of the existing Fixed Deposit Scheme, “Amrit Kalash”. This scheme is launched along with the existing Amrit Kalash Fixed Deposit scheme in the same category. About the Amrit Vrishti Fixed Deposit Scheme : This is a Term Deposit scheme re-started on 15th July’24 with a higher interest rate than on other deposits. It targets customers who can lock their investments…

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Negotiation of Salary

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Negotiation of Salary

Points involved in the Negotiation of Salary I am writing here to the point article on Negotiation of Salary to understand in a better way. What are the criteria on which the compensation / salary is structured? The salary is always based on, Your Qualification. Your Experience in the Job title for which You applied. Your designation in the previous organisation / company. Your last drawn salary in the previous organization. The most important part is, your Age – Qualification – current Salary (3-way match) should be a reasonable match.…

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