Income Tax Calculation Excel Sheet FY 2015-2016

The Union Budget for 2015-16 was presented by Finance minister Arun Jaitely. The tax slabs have remain unchanged but there have been some changes in terms of Transport Allowance, Medical Insurance benefits and exemption for Physically challenged tax payers.

Download Excel Sheet to Calculate Income Tax for Financial Year 2015-16 : Download here


Highest interest rates for Recurring Deposit in india 2015

All Banks are Providing Recurring Deposit Schemes ,and their Interest rates Vary from individual banks . Besfore investing in RD , customers gets the following Questions

Which Bank is Providing Best RD Scheme?

Which Bank is Providing Highest Interest rates for RD (Recurring Deposit)

Duration: 1 Year

Ratnakar Bank offers 9.25%

Indus Ind Bank offers 9%

Duration: 2 to 5 Years

Ratnakar Bank offering 9.25% interest rate

Duration :  5+ Years

Ratnakar Bank :9.25%

Tamilnad Mercantile Bank Ltd : 9%

Income Tax Slabs/Rates For Financial Year 2015-2016 :

Income Tax Slabs For Financial Year 2015-2016 :

In less than 24 hours, Finance Minister Arun Jaitley will present Narendra Modi-led government’s first full-fledged budget. Union Budget 2015-16 being the first budget, there are a lot of expectations from the government which promised ‘Achche Din’ in its extensive electoral campaign last year. The talking point of every Union Budget is the Income Tax slab which affects every a huge section of the Indians.

Every year, every government devises a new tax slab structure which tries to ease norms for the people who pay income tax. In his interim budget last year Finance Minister increased the limit of income tax by Rs 50,000. Instead of easing norms and increasing the exemption limit in the tax slab, can the government completely abolish the income tax? The answer to it is Yes!

There were widespread discussions on the issue of abolishing income tax when Narendra Modi-led BJP government took over. Before and after the Lok Sabha Elections and even before the interim budget was passed in July last year; there were speculations that the Modi government may do away with the Income Tax.

Senior BJP leader Subramanian Swamy even listed steps as to how should the abolishing of Income Tax will rather help the country increase its savings than losing out on revenue. It is less known that the blueprint of India’s economic reforms in 1990-1991 was prepared by Swamy and not former Prime Minister Dr Manmohan Singh.

Will Be Updated on 28th Feb 2015

All India Bank Strike : 25th – 28th February 2015 (25/2/2015 To 28/02/2015)

All India Bank Strike : 25th – 28th February 2015 (25/2/2015 To 28/02/2015) :
Today’s wage revision negotiation between UFBU and IBA failed, as IBA improved its earlier offer of 12.50 % to 13%. As per the source close to the developments, UFBU revives the agitation programme. Call given for 4 days strike programme from February 25, 2015 to February 28, 2015 followed by indefinite strike from March, 2015.


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