Certain rules and systems effective from today - 1st April!!
Posted on: 01/Apr/2022 1:31:55 PM
Changes effective from 1st April (today)!
- The interests earned from Monthly Saving Scheme, Senior Citizens Saving Scheme, Senior Citizens Saving Scheme, and Time Deposit Schemes will be credited directly to the relevant Post Office Savings Accounts. Those earning monthly interests will get their interests credited quarterly. This will apply to all types of savings schemes holders.
- The Central Finance Minister had announced that the earnings through cryptocurrencies would be taxed at 30%. This will be implemented from today (1st April).
- If the Provident Fund account has more than Rs. 2.5 Lakhs, the interest earned from this will be taxed from 1st April!
- Companies that sell more than Rs. 20 Crores per year have to create the digital Price list for all B2B transactions from today - 1st April.
- All the State Government Employees have been given a Tax Concession of 14%! The State Government Employees can get this from today - 1st April!
- For the citizens who bought houses for the first time since 2018, an additional tax concession has been given for Rs. 20 Lakhs under 80EEA. However, it has been announced that this tax concession will not be available anymore from today (1st April)
- The prices of 800 essential medicines including paracetamol and emergency medicines are up by 10.70% from today - 1st April!
- Charges for the tollgates are also up from Midnight from today - 1st April!
