Income Tax: Get Tax Exemption Of Rs 10,000 On Savings Bank Account Interest Income

16-05-2018

Q1. I have salary income, interest from saving bank account and dividends from equity funds. For interest from bank accounts, do I have to submit proof to claim deduction under Section 80TTA? Do I need to include dividends as part of other income? You need to include interest from saving bank account under income from other sources. You would be eligible to claim deduction of Rs 10,000 under Section 80TTA. You don’t need to submit any proofs for it. Similarly, the dividend income would also form part of income from other sources but shall be exempt if total dividend doesn’t exceed Rs 10 lakh during a financial year. Q2. My wife sold her flat in March 2018 for Rs 1 crore and bought a

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GDS Pay And Allowances Revision – GDS Union Brief To All Gradmin Dak Sevaks
June 7, 2018

Revision of pay and allowances of GDS Postal Employees – All India Gramin Dak Sevaks Union’s brief on GDS Committee Report approval by Govt – Strike called off ALL INDIA GRAMIN DAK SEVAKS UNION (AIGDSU) ALL INDIA POSTAL EMPLOYEES UNION – GDS (AIPEU-GDS) NATIONAL UNION OF GRAMIN DAK SEVAKS (NUGDS) Central Head quarters, New Delhi BIG

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CPAO Order – Date up to which enhanced family pension payable
June 5, 2018

Date up to which enhanced family pension payable GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF EXPENDITURE CENTRAL PENSION ACCOUNTING OFFICE TRIKOOT-H, BHIKAJI CAMA PLACE, NEW DELHI-110066 PHONES : 26174596,26174456,26174438 CPAO/IT & Tech/clarification/13(vol-III)/2018-19/32 28-05-2018 Office Memorandum Subject-Date up to

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Most Uttar Pradesh ex-CMs leave official bungalows after Supreme Court order
June 5, 2018

A day before expiry of the deadline to vacate their official bungalows, former chief ministers Akhilesh Yadav and his father Mulayam Singh have moved to the VVIP guest house here, while Mayawati vacated one bungalow, she claimed the other was converted into a memorial for BSP founder Kanshi Ram. "Mulayam Singh Yadav shifted to the VVIP guest

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7th Pay Commission: PM Likely To Announce Pay Hike, Raising Retirement Age On Independence Day
June 5, 2018

Prime Minister Narendra Modi is likely to announce pay hike and retirement age to 62 years of central government employees on the Independence Day, 15 August 2018 in his speech from Red Fort. The Modi government awarded central government employees a 14 percent salary increase from January, 2016 but the pomp and fanfare was short-lived when basic

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APAR – Extension Of Timelines For Completion Of APAR For The Year 2017-18
June 1, 2018

SPARROW – Online Recording of APAR for Group Services – Timeline Extended – Submission of self-appraisal to the reporting officer extended till 31st July 2018 No.21011/02/2015.A-II (Part.II) Government of India Ministry of Personnel, P.G. and Pensions Department of Personnel & Training North Block, New Dlehi-110001 Dated the 21

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Enroll At Least 16 Persons For Aadhaar Daily Or Face Salary Cut: Public Sector Banks Tell Staff
June 1, 2018

Though the jury is still out on the need for Aadhaar, public-sector banks are taking extra pains to ramp up enrolment, as dictated by the Ministry of Electronics and Information Technology (MeitY). The New Indian Express has reliably learnt that many PSU banks have warned their employees of coercive action, including salary cuts, if they fail to

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