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With the end of FY, several laws and income tax rules will change in India which will directly impact the pockets of the salaried class. So as Financial Year begins in India, here are a few things that are going to change from April From April 1, senior citizens above the age of 75 years with only pension income will be exempted from filing income tax returns ITR. Under the new labour law, the time limit of gratuity will be reduced. Only a fixed period employee will get gratuity benefits only if he or she works in a firm for five consecutive years. From April 1, a tax exemption limit on interest earned on provident fund PF contribution by employees will be raised to Rs 5 lakh per annum. However, it should be noted that this exemption should not include the employer's contribution beyond the statutory limit of up to 12 per cent of basic pay. So, most often, it is employee contribution and employer's contribution, but there are contributions which are only employee and no employer contribution is made, in such cases that amount is raised to Rs 5 lakh," Finance Minister Nirmala Sitharaman had said in Union Budget The period of exemption available to employees under Leave Travel Concession LTC will end with the beginning of the new financial year. senior citizen dating indiaSenior citizen dating india Video
Alright! - Date With A Senior ft. Rohan Shah \u0026 Anushka SharmaThese rates are applicable from 13 November.
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However, these schemes will come to an end on March 31 except for SBI which has given its extension till June 30, This FD scheme provides an interest rate of 6. Bank of Baroda gives bps higher on the deposits and if the fixed deposit is put under the special FD scheme above 5 years to up to 10 yearsthe interest rate becomes 6.
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