DA & HRA Hike for Central Govt Employees, Check How Much Increase

The dearness allowance (DA) for central government employees has been raised to 50%, and as per the recommendations of the 7th Pay Commission, the house rent allowance (HRA) will also be increased. The increase in HRA will be significant. If your basic salary is Rs. 35,000, you might wonder how much your HRA will increase. Let’s find out.

Best 3 Banks for Senior Citizens FD to Get 8% Interest or more in 2024

Various public and private sector banks offer the highest interest rates on senior citizen fixed deposits with special offers, which is a good opportunity for senior citizens looking to save money in the bank. Interest is increasing by more than 8% in these DCB, RBL and Yes Bank. If I deposit Rs.1 lakh, how much will I get after maturity? Let us find out now.

The 3 New Rules Change Reduced Waiting Period for Existing Diseases Moratorium in Health Insurance

Insurance companies have certain conditions in place when providing health insurance. They provide information on the waiting period, specifically for pre-existing diseases and diseases falling under a special category. However, the Insurance Regulatory and Development Authority of India (IRDAI) has recently made three key changes in the claim rules related to these aspects. These changes have been implemented to provide more benefits to health insurance takers. Let’s find out the details.

Top 8 Banks with Lowest Interest Rates on MCLR Loans in April 2024

Several public, private, and small finance banks changed their loan interest rates in April. While most of these banks did not modify their Marginal Cost of Funds Lending Rates (MCLR), here are the best banks with top ratings and the lowest interest rates on MCLR Loans. Let’s see the full details.

EPFO New Rule On PF Account Auto Withdrawal Claims Under Paragraph 68J 

The Employees Provident Fund Organization has recently announced some positive updates for those who want to withdraw cash from their provident fund account. The organization has increased the auto-withdrawal limit, which means individuals can now withdraw more money automatically. EPFO issued a circular on 16th April regarding this change. Let’s take a closer look at the details.

Form 16: Employees Can File ITR Without Form 16?

Form 16 is the most important document for all employees to file income tax returns. So, what is this Form 16? What details does it include? Only file tax returns with this Form 16. What are financial experts’ suggestions, and what is the importance of Form 16 in Submitting ITR? Let us know the complete information now.

HRA Claims Mismatch: If You Are Relaxed, You Will Get Notices

There have been reports in the past that the Income Tax Department has been monitoring the differences in house rent allowances. However, the IT department recently assured us that old HRA claims will not be re-reviewed. Many taxpayers will relax with this, but doing so is a mistake. If there are differences in rent and HRA, you may still get notices from the IT department.