If you are a salaried employee, then chances are that you have an Employee’s Provident Fund (EPF) account that you regularly make contributions from your salary deductions. You might know what the latest EPF interest rates are, but do you knowhow to calculate interest on your EPF account b...
How does changes in the interest rate affect economic activity? Explain how to calculate class limits. How does economic growth affect the balance of payments? Why does inflation increase with economic growth? What is the marginal rate of taxation? Explain in simple terms. ...
Interest on saving bank account document is bank account statement.No TDS is deducted for interest on saving bank account. Interest on Fixed Deposit: Document isForm 16Awhich shows TDS cut by bank at the rate of 10% if interest on the Fixed Deposit in the financial year is more than Rs 1...
Fixed Deposits: These are offered by banks and are popular and conventional investment products that are safe with guaranteed returns. The interest rate varies from bank to bank but lies within the range of 3.50 per cent to 8.50 per cent per annum, depending on the tenure which can range...
For instance, if you you forgot to declare tax-exempt interest from PPF or interest on Saving Bank account or you had not declared some income such as interest on your fixed deposits or you paid your self-assessment tax or you want to correct the data. ...
Now that we’ve found the posterior distributions ofPᴀandPʙ, we want to calculate inferential metrics, such as Credibility Intervals, the Probability B is Better and each version’s Risk. The most common and simple way to do this is by usingMonte Carlo simulations. But at Wix.com we...
How to Calculate Advance Tax Dues?Income Tax Department – Advance Tax CalculatorDepending on income source, nature of income, tax deductions and exemptions, calculating the actual amount of advance tax due to be paid can be a complicated process....
To summarize, thepurchase price of debt fund (investment price) is multiplied by the CII for the year in which the sale is made and divided by the CII for the year in which the purchase was made. The indexed price so arrived at is used to calculate the capital gains on which LTCG tax...