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The deadline to file your <keyword id="19948101" type="General" weightage="20" keywordseo="income-tax-returns" source="keywords">income tax returns</keyword> is approaching fast, and Sana is perplexed. All of 23, she's just started earning and working at an MNC, earning Rs 7,00,000 per annum, and can't figure out which <keyword id="20301439" type="General" weightage="20" keywordseo="tax-regime" source="keywords">tax regime</keyword> would work best for her. If you're having the same concerns and can't seem to wrap your head around the <keyword id="19935168" type="General" weightage="20" keywordseo="new-tax-regime" source="keywords">new tax regime</keyword>, here's a ready reckoner for you: When should I choose new tax regime? Think of choosing a tax regime as having to choose a friend in office. The <keyword id="8706677" type="General" weightage="20" keywordseo="old-tax-regime" source="Orion">old tax regime</keyword> is that aged, wise senior who has answers and hacks for everything. Want to get over with a boring project quickly? They will certainly have a trick up their sleeve! On the other hand, the new regime is far more chilled out, lax and is a no-nonsense person who wants nothing to do with long documents and longer meetings. The new regime was introduced in budget 2020 to simplify taxation, and offer lower rate of taxes as compared to the old regime. However, there's a catch. You cannot claim the 70+ exemptions and deductions that help bring down your taxable income and hence, reduce your tax liability. This option is exclusively available under the old tax regime. The main USP of this tax regime? Lower tax rates, and fuss of deductions! Consider this. If your income is within the range of Rs 5,00,000-Rs 12,00,000, and you have no investments, <keyword id="99916" type="General" weightage="20" keywordseo="house-rent-allowance" source="Orion">house rent allowance</keyword> (<keyword id="19944588" type="General" weightage="20" keywordseo="hra" source="keywords">HRA</keyword>), health/life insurance premiums or other such deductions to claim, the new tax regime would obviously make more sense to you, given the significant difference in tax liabilities (just 5% under new regime, and a whopping 20% in old regime for those in the Rs 5-6 lakh bracket!) <div type="image" title="Tax rates under old and new regime" msid="111685908" hostid="261"></div> So, if you're someone who hates complex tax calculations, wants minimal tax deductions, the new regime might just be for you! But remember, there are two conditions under which this new regime will be automatically chosen for calculating your taxes: <ul><li>If you keep procrastinating and don't file your <keyword id="6374875" type="General" weightage="20" keywordseo="ITR" source="Orion">ITR</keyword> till July 31, 2024</li><li>If you do not specifically opt for the old tax regime on your employer's HR portal</li></ul>Also, if you earn less than Rs 3,00,000 per annum, you are completely exempted from paying any tax at all. In the old regime, this basic limit is slightly lower at Rs 2,50,000. Also read: <a href="https://www.businessinsider.in/personal-finance/income-tax/all-you-need-to-know-about-the-new-tax-regime/articleshow/111578840.cms" data-type="tilCustomLink">All you need to know about the new tax regime</a> So, what do I get under this regime? Thanks to a rebate under Section 87A, if you earn up to Rs 7 lakh per annum, your tax liability (and Sana's as well) will effectively be zero. This is limited to Rs 5 lakh under the old regime. While a <keyword id="20429578" type="General" weightage="20" keywordseo="standard-deduction" source="keywords">standard deduction</keyword> of Rs 50,000 is available under both of them (so you can directly deduct Rs 50,000 from your total income before even beginning to calculate your tax liability), there are a lot more deductions and exemptions that this regime DOES NOT allow you to avail: <ul><li>Leave Travel Allowance (LTA)</li><li>House Rent Allowance (HRA) (Comes in handy if you're paying hefty rents in metros)</li><li>Interest on housing loan (on self-occupied property or vacant property)</li><li>Own contribution to NPS (If there's any)</li><li>Interest earned on savings bank A/Cs </li><li>Investments made in ELSS, PPF</li><li>Premiums paid towards life, health insurance policies</li></ul>As for the deductions that are allowed, that makes for a pretty small list: <ul><li>Transport allowances (only if you are specially abled)</li><li>Gifts of up to Rs 50,000</li><li>Employer’s contribution to your NPS account</li><li>Interest paid on home loan only on let-out property</li></ul>But that's the trade-off. You get to pay taxes at low rates, yes, but you also don't get to claim a whole lot other deductions. Notes CA Nitesh Buddhadev, "Which regime is beneficial for you depends upon the allowances and deduction available to you during a relevant financial year. So, if your total income from salary is Rs 10.5 lakh and if the aggregate of any of the deductions / allowances you can claim is less than Rs. 3.15 lakh, you should opt for the new tax regime. If you have not invested in multiple tax-savings scheme, the new regime will work better. So, don't make this decision in any haste. You can choose your tax regime only once in a financial year. And if your income from business or other professions, be even more careful, because this will then become a once in a lifetime choice for you (quite literally!). So, take a good hard look at your finances, and then decide what works best for you!

Confused about the new tax regime? Here's when you should opt for it

July's here, and as we inch closer to the budget, which is set to be presented around the latter half of July, there is much talk about how it will affect our pockets. Reports suggest the government is considering raising the <keyword id="20429578" type="General" weightage="20" keywordseo="standard-deduction" source="keywords">standard deduction</keyword> threshold from existing Rs 50,000 to Rs 1,00,000, amidst other things. The most common wish for a salaried employee is to reduce the income tax rates across all slabs, but at the moment, this seems unlikely. That aside, we decode the common man's wish list and what they look forward to in terms of <keyword id="22225988" type="General" weightage="20" keywordseo="income-taxes" source="keywords">income taxes</keyword> as the Finance Minister <keyword id="19916618" type="General" weightage="20" keywordseo="nirmala-sitharaman" source="keywords">Nirmala Sitharaman</keyword> drafts the budget. <h2>Wish 1: Raise the standard deduction to Rs 1 lakh</h2>A standard deduction is a fixed amount that you can deduct from your taxable income right away, to reduce your overall tax liability. You do not need to furnish any proofs for this amount. Currently, this stands at Rs 50,000, under both old and new tax regimes. Raising this threshold to Rs 1,00,000 will mean more disposable income in your hands. And as per the policy experts, this is the most likely change that we can expect under the new budget. <h2>Wish 2: Increase the <keyword id="20228341" type="General" weightage="20" keywordseo="basic-exemption-limit" source="keywords">basic exemption limit</keyword> in new tax regime</h2>As per EY's pre-budget expectation report, an increase in the basic exemption limit from the present Rs 3,00,000 to Rs 5,00,000 would immensely benefit the common man. Earlier, this limit was set at Rs 2,50,000. Note that unless you specifically opt for the old regime, the new tax regime is considered as your default choice starting 2023. If your annual income is equal to, or falls below this basic exemption limit, you do not have to pay any income tax. <h2>Wish 3: Increase tax-free limit of LTCG gains </h2>At present, if you sell any equity mutual fund unit or share after more than 12 months of holding it, you'll have to pay a 10% long-term capital gains (LTCG) tax. However, within one financial year, long-term capital gains below Rs 1,00,000 are tax-exempt. As EY's report notes, raising this extant tax-free limit to Rs 2 lakh would be beneficial, especially in boosting long-term investing sentiment in the country. But will this come true? Only Nirmala Sitharaman knows! <h2>Wish 4: Consider some tier-2 cities as metros for HRA exemption </h2>Residents of Gurugram, Noida, Bengaluru, listen up! HRA, or House rent allowance is a crucial component of our salary, and hence, our tax planning as well. You can get HRA exemption on the lowest amount amidst these 3: 1. Actual HRA received 2. 50% of salary for metro cities (Delhi, Mumbai, Kolkata, Chennai) 3. 40% of salary for non-metro cities 4. Rent paid- 10% of salary But its no secret that residents of nearby cities like Noida, Gurugram, Faridabad, or rapidly developing urban hubs like Pune, Ahmedabad, Ghaziabad, Hyderabad, Bengaluru, Thane bear the brunt of sky-high residential rents that takes a huge toll on their monthly income. Yet, they cannot claim 50% of their salary for HRA exemption. Since these cities has been classified as a non-metro, residents can claim a maximum of 40% of their salary as exemption. In case rent exceeds Rs 1,00,000 annually, you are also required to furnish the PAN details of landlord, along with a formal rental agreement. Consider this. You live in Delhi, and have an annual income of Rs 10,00,000. For HRA purposes, you can claim exemption of up to Rs 5,00,000, since Delhi is considered a metro. But, if you live in Ghaziabad, or Noida, the limit available to you sharply falls down to Rs 4,00,000. This budget, as reports note, considering these cities as metros for tax purposes would provide some relief to the common man's pocket. Per a recent report by ANAROCK research, the top 7 cities in the country (Mumbai metropolitan region, Hyderabad, Bengaluru, Pune, Delhi NCR, Chennai and Kolkata) saw an average price rise between 13-39% on a yearly basis. In fact, it was Hyderabad recorded the highest yearly price rise in residential property last quarter, jumping by as much as 39%. <h2>Wish 5 : Enhance exemption limits under the old regime</h2>The list is endless, but so are our wishes! Experts are also suggesting an enhancement in the existing limit for deduction towards interest on housing loan for self-occupied house. From its present limit of Rs 2 lakh, it should be taken to Rs 3 lakh. Also, the Rs 2-lakh cap on set off of house property loss against other heads in the same year should be done away with. For senior citizens, there should also be greater clarity on how funds received from <keyword id="19919089" type="General" weightage="20" keywordseo="nps" source="keywords">NPS</keyword> (National Pension System) via the systematic lumpsum withdrawal plan should be taxed. Well, we can only hope some, if not all of these wishes come true when finance minister presents the union budget in the parliament this month.

Budget 2024: Increase standard deduction, exemptions and more, an aam aadmi's wishlist

<ul><li>The property must be owned by the parent or relative to whom the rent is being paid.</li><li>The relative who is getting the rent should disclose it in his income tax file.</li><li>The municipal taxes on the property should be up to date, and a deduction can be claimed on the taxes paid.</li></ul>If you are employed, and receive a house rent allowance (<keyword id="115182" type="General" weightage="20" keywordseo="hra" source="Orion">HRA</keyword>) as part of your salary, you have the option to <a href="https://www.businessinsider.in/personal-finance/news/how-hra-exemption-can-help-you-save-tax-in-2023-24/articleshow/100014412.cms">claim a tax exemption on the HRA,</a> if you live in a rented house. However, it's important to note that this tax exemption is applicable only if you opt for the old tax regime. Even if you are living with your parents, or with a relative, and paying rent to them, you can claim HRA deduction. Here are five things to keep in mind in case you are paying <keyword id="15318001" type="General" weightage="20" keywordseo="rent-to-parents" source="Orion">rent to parents</keyword> or to a relative. Fair market value The rent has to be similar to the fair market value. “It cannot be very high or very low. One has to see that the rent that is being paid to the relative/parent is in consonance with the rent paid to an independent party to another independent party,” says Vivek Jalan, partner, Tax Connect Advisory. The property ownership detail The property must be owned by the parent, or relative to whom the rent is being paid. In case when the rent is paid to parents, the property must be owned by your parents. “It may be owned by one or both of your parents. So, you can deposit the money to any one of the parents in case of joint house ownership, or to the parent who is the legal owner of the house,” says Archit Gupta, founder and CEO, Clear, a fintech company. <keyword id="6580929" type="General" weightage="20" keywordseo="rent-agreement" source="Orion">Rent agreement</keyword> and receipts There has to be a rent agreement between you, and your parents/relative, and you need monthly rent receipts. The rent can be paid either through a transfer to a bank account, or through a cheque. One should also keep proof of payments made. The recipient has to disclose income The relative who is getting the rent should disclose it in his income tax file for taxation purposes. “The Income Tax department can check through data analytics whether the rental income has been declared,” says Jalan. The income should also be declared under ‘Income from house property’. “If it is declared as ‘Income from other sources,’ a red flag will be raised, and also the deduction on taxes paid will not be available,” says Jalan. Further, the municipal taxes should be up to date, and a deduction can be claimed on the taxes paid,” says Jalan. The person who receives rent is entitled to claim a deduction of 30% on the rental income for repair or renovation purposes. Disclose to employer Employees should disclose the rent paying arrangement to the employers as soon as possible, and not wait for the employer to ask for details. If they do not do that, TDS will be deducted, and they will have to claim a refund later.

Claiming tax exemption showing rent paid to relatives? Five things to keep in mind

<ul><li><keyword id="94075" type="General" weightage="20" keywordseo="ESIC" source="Orion">ESIC</keyword> is recruiting to fill up 93 social security officer/manager/superintendent positions.</li><li>The online application window will close on April 19.</li><li>Candidates can expect their salary to range between ₹44,900 and ₹1,42,400.</li></ul><keyword id="573482" type="General" weightage="20" keywordseo="Employees-State-Insurance-Corporation" source="Orion">Employees State Insurance Corporation</keyword> (ESIC), which is a statutory body under the ownership of the Ministry of Labour and Employment, is inviting applications from eligible candidates to fill up 93 positions of social security officer/manager Gr-II/superintendent. The online application has already started and the last day to apply for the opportunity is April 12. Candidates can expect their salary to range between ₹44,900 and ₹1,42,400, as per 7th central pay commission, along with dearness allowance (DA), House Rent Allowance (HRA), transport allowance, and other allowances. Eligibility criteria for the role — <ol><li>A degree of a recognised university (preference will be given to the graduates in commerce/law/management). </li><li>Working knowledge of computers including the use of office suites and databases. </li><li>Desirable/not necessary — Three years of experience in service in a government organisation or corporation or government undertaking or local body or scheduled bank etc. </li><li>The age of the candidates should be between 21 to 27 years as of the closing date of April 12, 2022. </li></ol>Candidates from categories are also required to pay an application fee of ₹500, while candidates belonging to scheduled castes (SC)/scheduled tribes (ST)/persons with disabilities(PwD)/female/ex-servicemen have to pay ₹250. How to apply for the opportunity? <ol><li>Open the official website of <a href="https://ibpsonline.ibps.in/esicssomar22/">ESIC</a> on any smart device. </li><li>Click on the ‘Recruitment’ tab given on the homepage. </li><li>On the next page, click on link that reads, ‘Click here to Submit Online Application for Recruitment to the Post of SOCIAL SECURITY OFFICER 2022' </li><li>Then, fill out the form and register. </li><li>Upload all the required documents and thoroughly check all the information you’re giving. </li><li>After filling out the form, click on submit. </li></ol>Interested candidates can seek more information <a href="https://www.esic.nic.in/attachments/recruitmentfile/137aadcd28fca627bf24b12befd88720.pdf">here</a> and can apply online <a href="https://ibpsonline.ibps.in/esicssomar22/">here</a>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/gail-is-hiring-engineers-with-a-maximum-pay-scale-of-180000-per-month-deadline-tomorrow/articleshow/90216108.cms">GAIL is hiring engineers with a maximum pay scale of ₹1,80,000 per month, deadline tomorrow</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/these-are-the-sectors-hiring-the-most-apprentices-this-quarter-in-india/slidelist/90224334.cms">These are the sectors hiring the most apprentices this quarter in India</a>

Employees State Insurance Corporation is hiring social security officers with a maximum pay scale of ₹1,42,400 per month

<ul><li><keyword id="30067" type="General" weightage="20" keywordseo="rbi" source="Orion">RBI</keyword> is recruiting 294 Grade B officers across various departments.</li><li>The last date to apply for the opportunity is April 18.</li><li>Candidates can expect to get a starting salary of over ₹55,000 per month along with several perks.</li></ul>The Reserve Bank of India (RBI), India’s central bank and regulatory body for regulation of Indian banks, is looking to hire eligible candidates to fill up 294 Grade B officers posts across various departments. The last date to apply for the opportunity is April 18. Candidates can expect to get a starting salary of over ₹55,000 per month along with dearness allowance, local allowance, house rent allowance, family allowance and grade allowance as per rules in force from time to time. These are the vacancies available at RBI — <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Post </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of vacancies </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Grade B — General </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">238 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Grade B — DEPR </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">31 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Grade B — DSIM </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">25 </td></tr></tbody></table> Eligibility criteria for the roles — <ol><li>Candidates must be an Indian citizen, or subject of Nepal/Bhutan. </li><li>A candidate must have attained the age of 21 years and must not have attained the age of 30 years on January 01, 2022 i.e., he/she must have been born not earlier than January 02, 1992 and not later than January 01, 2001. </li><li>For Grade B — General — Graduation in any discipline or equivalent technical or professional qualification with minimum 60% marks or Post Graduation in any discipline or equivalent technical or professional qualification with minimum 55% marks in aggregate of all semesters/years from any recognised university. </li><li>For Grade B — DEPR — Master’s degree in finance/economics or MBA degree with specialisation in economics/finance with minimum 55% aggregate marks in all semesters/years from any recognised university. </li><li>For Grade B — DSIM — Master's degree in statistics/mathematical statistics/ mathematical economics/econometrics/statistics &amp; informatics/applied statistics &amp; informatics with a minimum of 55% marks or equivalent grade in aggregate of all semesters or years. </li></ol>Selection process Candidates will have to appear for an online examination — Phase I and Phase II — which will be held at various locations in India. Candidates belonging to general/other backward class (OBC)/economically weaker section (EWS) will also have to pay an application fee of ₹850, while candidates belonging to scheduled castes (SC)/scheduled tribes (ST)/person with benchmark disabilities (PwBD) will have to pay ₹100 while filling out the online application form. Interested ones can seek more information <a href="https://opportunities.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=4106">here</a>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/infosys-is-looking-to-hire-50000-employees-this-year-while-expecting-the-attrition-rate-to-come-down/articleshow/90826046.cms">Infosys is looking to hire 50,000 employees this year while expecting the attrition rate to come down</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/google-finally-has-an-app-that-will-let-ios-users-switch-to-android-easily/articleshow/90835201.cms">Google finally has an app that will let iOS users switch to Android easily</a>

RBI is hiring 294 officers with a starting pay scale of ₹55,000 per month, apply before April 18

<ul><li><keyword id="45179" type="General" weightage="20" keywordseo="ntpc" source="Orion">NTPC</keyword> is hiring 15 experienced mechanical and civil engineers with a salary of ₹60,000 per month.</li><li>The last date to apply for the opportunity is November 30, 2021.</li><li>Candidates will have to pay a registration fee of ₹300 while filling out the application form.</li></ul><keyword id="76758" type="General" weightage="20" keywordseo="national-thermal-power-corporation" source="Orion">National Thermal Power Corporation</keyword> (NTPC) is inviting applications from 15 experienced Mechanical and Civil engineers for its project in Uttarakhand with a fixed consolidated salary of ₹60,000 per month plus house rent allowance or company accommodation and medical facilities. The last date to apply for the opportunity is November 30, 2021. Interested candidates can apply on the official <a href="https://careers.ntpc.co.in/2021_HydroFTE_Adv_102021/index.php">website</a>. These are the roles available — <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Role </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vacancies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Eligibility criteria </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mechanical Engineers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum one year of experience post qualification in construction/erection/engineering of Hydro power projects/stations with bachelors in Engineering (B.E)/bachelor of technology (B.Tech) in mechanical engineering with at least 60% aggregate marks from a recognised university/institute. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Civil Engineers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum one year of experience post qualification in construction/erection/engineering of Hydro power projects/stations with B.E/B.Tech in civil engineering with at least 60% aggregate marks from a recognised university/institute. </td></tr></tbody></table> Candidates belonging to the general/other backward class (OBC)/ economically weaker section (EWS) will have to pay a non-refundable registration fee of ₹300 while filling out the application form. Other general rules and regulations — <ol><li>Only Indian nationals are eligible to apply. </li><li>The maximum age limit criteria for these roles is 35 years. </li><li>The management reserves the right to conduct an online screening/selection test to raise the minimum eligibility criteria, in order to restrict the number of candidates to be called for an interview. </li><li>Candidates should ensure that the details provided should be verified as if found to be untrue in the later stages of the recruitment will lead to disqualification.</li></ol>SEE ALSO:<a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/chinas-anti-addiction-regulations-for-video-games-are-making-it-difficult-for-game-developers-to-operate-heres-why/articleshow/87781088.cms">China’s anti-addiction regulations for video games are making it difficult for game developers to operate — here’s why</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/concerns-over-high-global-inflation-keep-indian-equity-markets-under-pressure/articleshow/87779090.cms">Concerns over high global inflation keep Indian equity markets under pressure</a>

NTPC is hiring experienced engineering professionals with a monthly salary of ₹60,000

<ul><li><keyword id="13222" type="General" weightage="20" keywordseo="SBI" source="Orion">SBI</keyword> is inviting applications from all eligible candidates for the position of circle based officers (CBOs) across various cities in India.</li><li>The last date to apply for the opportunity is December 29, 2021.</li><li>The basic pay or the starting salary given to the candidates would be ₹36,000 per month.</li></ul><keyword id="6354731" type="General" weightage="20" keywordseo="State-Bank-of-India" source="Orion">State Bank of India</keyword> (SBI) is inviting applications from all eligible candidates for the position of circle based officers (CBOs) across various cities in India. The last date to apply for the opportunity is December 29, 2021. Interested candidates can apply <a href="https://ibpsonline.ibps.in/sbircbonov21/">here</a>. The basic pay or the starting salary given to the candidates would be ₹36,000 per month with one increment for each completed year of service rendered in the office. . The official will also be eligible for dearness allowance (D.A), house rent allowance (H.R.A)/lease rental, city compensatory allowance (C.C.A), medical and other allowances &amp; perquisites as per rules in force from time to time. The selection procedure consists of three stages — online written exam, screening and personal interview. The online test will be conducted in the month of January next year (2022). Candidates applying for or selected for below mentioned circle/city should be well-versed with the local language. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Circle/city </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Language required </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of vacancies </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ahmedabad </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gujarati </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">354 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bengaluru </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kannada </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">278 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bhopal </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hindi </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">214 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chennai </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tamil </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">278 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jaipur </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hindi </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">104 </td></tr></tbody></table> Eligibility criteria — <ol><li>Graduation in any discipline from a recognised university or any equivalent qualification recognised as such by the central government. </li><li>The minimum age criteria is 21 years and the maximum age criteria is 30 years. </li><li>Minimum 2 years of experience (post-essential academic qualification experience) as on 01.12.2021 as an officer in any scheduled commercial bank or any regional rural bank as listed in the second schedule of Reserve Bank of India. </li><li>The candidates applying for vacancies of a particular state, should be proficient (reading, writing and understanding) in the specified opted local language of that state. </li><li>Candidates with record of default in repayment of loans/credit card dues or against whose name adverse report of CIBIL or other external agencies are available are not eligible for appointment. The position in this regard will be verified before joining.</li></ol>Selection procedure — The selection process consists of an online written test, screening and interview. Online written test: The duration of objective test is 2 hours and it consists of 4 sections — English language (30 marks), banking knowledge (40 marks), general awareness/economy (30 marks), and computer aptitude (20 marks) — of total 120 marks with separate timing for every section. The duration of the descriptive test is 30 minutes. It will be a test of English language (letter writing and essay) with two questions for a total of 50 marks. Screening: Online application and documents of candidates, who are shortlisted based on performance in online examination, will be placed before the screening committee. The screening committee constituted by the bank will examine whether the candidates fulfil the required eligibility criteria of experience. Interview: Interview will consist of 50 marks. Candidates will have to score minimum qualifying marks in the interview to be considered for final selection. The minimum qualifying marks will be decided by the bank. Candidates belonging to general category will have to pay an application fee of ₹750 while filling the application form. Interested candidates can seek more information <a href="https://sbi.co.in/documents/77530/11154687/081221-CBO-21+Final+Detailed+Advt+ENG.pdf/6d3a8188-f5a6-e9dd-98fc-e580796a0766?t=1638963781497">here</a>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/michelle-obama-is-the-most-admired-woman-in-the-world/slidelist/88302252.cms">Michelle Obama is the most admired woman in the world</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/moschip-technologies-asm-technologies-and-spel-semiconductor-among-chip-makers-stock-that-surged-on-pli-scheme/articleshow/88306809.cms">Checkout chip makers’ stocks that surged on PLI scheme; industry leaders feel the move will make India self-reliant</a>

SBI is hiring 1200 circle based officers across India with a minimum pay of ₹36,000 per month

The new fiscal year 2020-21 has started for about 1.14 lakh employees of <keyword id="6368369" type="COMPANY" weightage="20" keywordseo="life-insurance-corporation-of-india">Life Insurance Corporation of India</keyword> (<keyword id="6367143" type="COMPANY" weightage="20" keywordseo="LIC">LIC</keyword>) on a happy note with over 25 per cent hike in their <keyword id="44629" type="PERSON" weightage="20" keywordseo="pay-packets">pay packets</keyword>, said a top union leader. The Central government on Thursday notified the revised pay packets for <keyword id="532212" type="UNKNOWN" weightage="20" keywordseo="LIC-EMPLOYEES">LIC employees</keyword>. The wage revision is effective from 1.8.2017. "The employees are happy with the wage revision that has come at a difficult situation. The pay hike for the employees is expected to be over 25 per cent per month," <keyword id="11107200" type="UNKNOWN" weightage="20" keywordseo="shreekant-mishra">Shreekant Mishra</keyword>, General Secretary, <keyword id="699829" type="COMPANY" weightage="20" keywordseo="All-India-Insurance-Employees-Association">All India Insurance Employees Association</keyword> (AIIEA) told IANS. He said a loading of 15 per cent has been given after 100 per cent neutralization of dearness allowance (DA) at 6,352 points of consumer price index (CPI). An additional Special Allowance ranging between ₹1,500 to ₹13,500 per month has been introduced for all cadres, which shall be reckoned for the purpose of calculation of dearness allowance (DA) but will not count for any other purpose i.e. house rent allowance, city compensatory allowance, privilege leave encashment, gratuity, superannuation benefit and others. Mishra said the overall increase in LIC's total wage bill will be about ₹2,700 crore per year. Mishra also said it will be five day week for LIC employees. "In the first round, the management offered 10 per cent wage hike and it was revised upwards in the second round to 15 per cent. We said the offer does not meet our expectations," Mishra said. According to Mishra, the 15 per cent wage hike offer was made on September 30, 2020 and the first offer of 10 per cent hike was made in March 2019. "We were having regular discussions with the management on the wage revision," Mishra said. The AIIEA had submitted a charter demanding 40 per cent wage hike. In the last wage agreement, the hike given was 25 per cent at average. Mishra said the unions next focus is to conclude wage revision for the employees of the government companies in the general insurance sector. The management of the four government owned general insurance companies are yet to call a meeting of the unions there for wage revision talks, he added. SEE ALSO: <a href="https://www.businessinsider.in/business/news/flipkart-acquires-cleartrip-in-an-effort-to-cement-its-position-in-the-travel-booking-segment/articleshow/82081931.cms">Flipkart acquires Cleartrip in an effort to cement its position in the travel booking segment</a> <a href="https://www.businessinsider.in/science/health/news/remdesivir-injection-price-jumps-five-times-as-covid-19-cases-rise/articleshow/82083414.cms">The utter chaos and confusion over Remdesivir in India is making the COVID-19 second wave worse</a> <a href="https://www.businessinsider.in/careers/news/jira-and-trello-maker-atlassian-is-looking-to-hire-300-engineers-in-india-in-2021/articleshow/82083765.cms">Atlassian, the maker of Jira and Trello, is looking to hire 300 engineers in India this year</a>

Around 1.14 lakh LIC employees to get over 25% hike in their salaries

The Life Insurance Corporation of India (LIC) is hiring for 8000 Assistant posts across its Central, Eastern, East-Central, Northern, Northern Central, Southern, Southern Central and Western zones. The registration for <keyword id="8135972" type="UNKNOWN" weightage="20" keywordseo="Lic-job-recruitment-2019">LIC job recruitment 2019</keyword> opened on 17 September and the last day to register for the open positions is 1 October 2019. Interested candidates can apply on the company’s official website licindia.in. The job responsibilities include clerical work, cashier posts, customer service executives and window operations, offering a monthly stipend of ₹14,435. This will also include employee benefits such as House rent allowance, travel allowance, dearness allowance among others. Here’s how to apply: <ul><li>Visit the official website licindia.in </li><li>Go to the Careers tab on the homepage. </li><li>Choose the branch office where you want to apply </li><li>Click on the link that says ‘Apply Online’ </li><li>Enter your credentials — registration number, password and security code. </li><li>You can download the application and fee receipt for future reference. </li></ul> The candidates in the age bracket of 18-30 years can apply for the Assistant posts. They will be shortlisted on the basis of two computer-based tests followed by a medical examination.

Registration closes soon: LIC India is hiring for 8000 Assistant posts at a monthly stipend of ₹14,435

Tax saving is a tricky subject and needs a lot of planning. By learning the intricacies in the taxation laws and studying your own situation in relation to the taxation laws will enable you save on your taxes. Here are some easy ways for the salaried employees to save on income taxes. Understand your salary slip first You must understand your salary slip well to know the ways to save on the gross tax you are liable to pay. The salary slip consists of three segments namely earnings, allowances and deductions. These sections will give enough clues on how to save on your taxes. The basic pay reflects on your earnings. Towards contributions, you might receive conveyance allowance, leave travel allowance, dearness allowance, house rent allowance and others. This section will also include deductions including income tax, professional tax and provident fund. Here are a few useful tips to plan for your taxes efficiently. How to save on taxes Income tax is levied on basic pay. Your House Rent Allowance (HRA) is tax exempted if you live in a rented house and pay the monthly rent. A fixed amount received as conveyance allowance also qualifies for tax exemption. Some employers might deduct income tax at the source. In such cases, the taxes paid already can be claimed by producing the necessary supporting documents at the end of the financial year. Also explore some options for investing in tax saving instruments. Understand Section 80C If you can understand the 80C section of the Income Tax Act thoroughly, you can hope to save on taxes and take home more salary. You are allowed to invest till an upper limit in schemes like National Savings Certificate (NSC), Equity Linked Savings Scheme (ELSS), Public Provident Fund (PPF) Bank Fixed Deposit (FD) and many other products. Do not plan for the taxes during the last minute If you will only study the tax during the last minute, it will give you very less room to save. If this happens, you will be overburdened with a need to make a sizeable investment in one time during the last minute. Small regular investments in Mutual Funds and SIPs over the entire year can help you make significant saving on taxes. Meet your financial goals through investments Investments planned in the right way not only enable you save on taxes, they also help you meet some of your cherished goals in life. It is possible to convert all your tax saving investments into ones that will bring you higher returns. For example, if you wish to buy a car, invest regularly in any ELSS. The lock in period will end in three years and after that you can withdraw this amount. Hence many tax saving instruments can help you meet your financial goals easily and effectively. Other ways to save on taxes It is possible to claim tax benefit on LTA once in every two years. To do this, you must submit the proof of travelling. Section 80D contains provisions for you to avail of tax benefits for the premiums paid towards health insurance policies. Section 80E contains provisions for tax exemptions on interest paid towards education loans.

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