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Banking FAQs & HowTo Guide
How Much Can I Contribute To NPS Account in order to get the Income Tax benefit ? – Any Individual who is holding the NPS account may contribute as per the limitation provided by PFRDA. The Limitation of NPS account for contribution amount are : Any New subscriber can make his / her first contribution […]
How To Make Online Money Transfer To NPS Account ? – Learn in few easy steps how to transfer money to your NPS account. NPS subscriber have option to transfer both in Tier I and Tier II account separately. There are common ways to transferthe money to both the account by subscribers. 1. If […]
How To Do IMPS Fund Transfer in SBI ? – IMPS i.e. Immediate Payment Service , a new initiative for transferring fund immediately to any bank account. The best feature of IMPS is that one can send and receive the money using mobile number also with the help of 7 digit MMID number. This facilities […]
How To Calculate Gratuity Benefit ? – Gratuity is being paid by all the establishment in India having more than 10 employees and fall under gratuity act. Gratuity is the component of salary paid to employees after five years of continuous service in organization. The Amount paid under Gratuity are Exempted under Income Tax. Read […]
Whether Provident Fund (PF) Taxable ? – Rule 8 of Part A of the Fourth Schedule of the Income Tax Act says that the accumulated balance due and becoming payable to an employee participating in a Recognized Provident Fund is exempted from paying Income tax. Any payment made to an employee from a provident fund to […]
Does Gratuity and PF Taxable ? – Whether Gratuity paid to the employees on retirement or leaving the jobs are taxable as per Income Tax rule ? As per the existing law Government employee Gratuity and PF (Provident Fund) receipts on retirement are exempt from tax. In the hands of non-Government employee, gratuity is exempt […]
How To Calculate Loan Monthly Reducing Balances Interest? – Number of time lender promote their loan products quoting Reducing Balance EMI. This is the method used by Public Sector Bank for various loan products mainly MSME Business Loan, Overdaft, Housing loan, Credit Cards etc. What exactly the Monthly Reducing Balance Method of EMI calculation ? […]
FD Calculator – Fixed Deposit Interest Calculator for maturity value of the investment amount. Compare and get the best return on your investment at any banks in India. This FD Calculator works on all type of deposit scheme which includes interest compounding on quarterly basis, annual basis or on simple interest. Fixed Deposit Calculator gives you the accurate […]
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