To control the price rise of petrol central oil ministry said to reduce petrol tax of Rs 6 on every litre of petrol .But finance minister is not agreed to reduce tax because already govt has given levies of Rs. 49000 in last year. The oil ministry requested to state oil companies to wait because… Continue Reading …
SBI Home Loan Holder Can Switch Their Interest Rate
A very good news from India’s largest bank and lender,the SBI home loan holders can switch their existing loan interest to a lower floating interest.This facility available for those home loan holder who are paying high interest now.Those home loan holder can change their current interest rate by paying one percent of his outstanding loan amount.… Continue Reading …
Interest Rate Hike of PPF,NSC and Small Savings
In budget 2012-13 interest rate of Employee Provident Fund (EPF) slashed by 1.25% ,this is why the interest rates of Public Provident Fund(PPF) ,National Saving Certificate (NSC) and small savings on Post offices expected to hike from April 1st ‘2012 . Interest rates of Public Provident Fund (PPF) going to be 9.00% from 8.60% .Govt. increasing this rate… Continue Reading …
Railway Budget 2012-2013
Railway Budget Indian Railways will target zero deaths by preventing train accidents. All railway level crossings will be removed in the next five years. To create SPV to eliminate all level crossings. The recommendations of the Anil Kakodkar Committee on Indian Railway’s safety will be implemented. Railway Minister demands Budgetary Support of Rs. 2.5 lakh… Continue Reading …
Guideline to fill form c for Income Tax
General Rules to be followed while checking Form C for the financial year 2011-2012 for giving deduction/tax rebate. 1. House Rent Allowance – u/s 10 (13A) : Original rent receipts from the landlord to be kept along with Form C. Employee who is residing in his own accommodation is not eligible for the deduction. The… Continue Reading …
SBI may start its international banking again
State Bank of India (SBI) leading bank in India,said they could revive its international banking again.They said this can happen in three to four months. As we already know that SBI involved with one fourth of total Indian loan and deposits,said that they like to spread their business internationally ,as presently market is more stabilized… Continue Reading …
E-Payment For Retired Govt. Employees
No more harassment,no more waiting ,from April 1 after retirement of any govt employee his PF,gratuity will be funded to his account next day through online payment system and his pension will be start from next month of retirement. E-Payment system has been developed by Controller General of Accounts (CGA) ,the official accountant of govt.It… Continue Reading …