SUKANYA SAMRIDDHI ACCOUNT SCHEME 2019
a small deposit scheme for the girl child, as part of the ‘Beti Bachao Beti Padhao’ campaign, designed for girls’ higher education and marriage needs Account Opening: The natural or legal guardian can open the account in the name of a girl child. Only one account per girl child can be opened and for maximum …
Comparison Of Old Vs New Tax Regime In India
Budget 2020 brought in new lower personal tax rates which one has an option to choose from. However, while doing so, you forgo most deductions from personal income which are currently available. Above table compares difference in tax as per old and new rates and tax saved thereon (presuming Nil deduction). Maximum tax saved under …
Higher TDS if return not filed
The Finance Act 2021 introduced new TDS/TCS sections which are applicable w.e.f. 1st July 2021. They prescribe a HIGHER WITHHOLDING RATE FOR NON-FILERS OF TAX RETURNS. Relevant provisions are: Section 206AB – Higher rate of TDS for non-filers of ITR Deductee has not filed ITR of last 2 previous years and time limit to file …