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The Latest Breaking News from BankBazaar

Highest FCNR (B) interest rates: Check PSU vs private sector bank rates for NRIs, OCIs

FCNR (B) FD interest rates: The window for Non-Resident Indians to enjoy favorable FCNR(B) deposit rates is closing soon, specifically on August 31. With the government absorbing the hedging costs for these foreign currency deposits, this is an opportune moment for investors. Many banks are offering attractive interest rates, so…

The Economic Times

8th Pay Commission calculator: Can Level 8 employees get 58% gross salary hike at 2.57 fitment factor?

8th pay commission update: The 8th Pay Commission is actively engaging with various stakeholders to gather insights on salary and pension adjustments. Employees are hopeful for a timely report that could significantly alter their compensation. Projections suggest that gross pay increases may vary from 31% to 68%, relying on different…

The Economic Times

8th Pay Commission salary calculator: How Level 10 employees can get Rs 25 lakh extra gross salary in 10 years at 6% annual increment rate

8th Pay Commission latest news: Employee groups are urging the 8th Pay Commission to raise annual increments significantly. They suggest increasing the rate from three percent to at least five percent. Some organizations propose an increment of six percent annually for employees. Other federations are advocating for a seven percent…

The Economic Times

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New tax regime: Save up to Rs 65,500 in tax through your employer's NPS contribution; here's how to claim it

Section 80CCD(2) provides a tax deduction for employer contributions to NPS. This benefit remains available under the new tax regime for salaried individuals. Private sector employees switching to the new regime find this deduction particularly attractive. Employer contributions lower taxable income and build retirement savings simultaneously.

The Economic Times

8th Pay Commission salary calculator: Why Level 11-18 employees may see just 68% gross salary hike even at 2.57 fitment factor

8th Pay Commission salary: Central government employees anticipate the 8th Pay Commission's fitment factor recommendations. A higher fitment factor could significantly increase employee payouts and basic salaries. Past pay commissions show varied gross salary hikes despite differing fitment factors. The prevailing Dearness Allowance rate influences the actual gross salary increase.…

The Economic Times

8th Pay Commission salary hike: Will 2.0 fitment factor increase gross salary by just 31%? Check pay calculator

Central government employees anticipate significant salary raises from pay commissions. However, gross salary increases may lag behind basic pay hikes. This difference arises from various allowances that do not always scale proportionally. Historical data shows gross salary hikes have been lower than basic pay increases. The 8th Pay Commission's projections…

The Economic Times

8th Pay Commission salary hike: How HRA can increase for Level 1-10 employees at 2.0, 2.1, 2.28, 2.57 fitment factors

8th Pay Commission salary calculator: Employee bodies are demanding higher house rent allowance percentages for central government staff. The 8th Pay Commission's meeting in Kolkata will conclude today. HRA is a significant salary component, directly linked to basic pay revisions. Calculations show potential HRA increases with different fitment factors. These…

The Economic Times

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With inflation soaring, reliance on credit to meet monthly expenses has increased for 62% in India: Survey

NEW DELHI: Soaring inflation in India has pushed up expenses sharply. A survey by fintech major BankBazaar said nearly 62% of people have been relying on credit to meet their daily expenses, while savings have gone down for almost 80% of India's salaried class.

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