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National Savings Recurring Deposit Account

5-Year Post Office Recurring Deposit Account (RD)

Interest payable, Rates, Periodicity etc.	Minimum Amount for opening of account and maximum balance that can be retained
From 01.04.2020, interest rates are as follows:- 5.8 % per annum (quarterly compounded)	Minimum INR 100/- per month or any amount in multiples of INR 10/-. No maximum limit.
Salient features including Tax Rebate
Account may be opened by (i) a single adult (ii) Joint Account (Maximum 3 adults) (iii) Minor above 10 years of age (iv) A guardian on behalf of a minor/Person of unsound mind Account can be opened by cash / Cheque and in case of Cheque the date of deposit shall be date of clearance of Cheque Nomination facility is available at the time of opening and also after opening of account Premature closure is allowed after three years from the date of opening of the account and interest at the rate applicable from time to time to the Post Office Savings Account shall be payable on such premature closure of account Account can be transferred from one post office to another Any number of accounts can be opened in any post office Subsequent deposit can be made up to 15th day of next month if account is opened up to 15th of a calendar month and up to last working day of next month if account is opened between 16th day and last working day of a calendar month If subsequent deposit is not made up to the prescribed day, a default fee is charged for each default, default fee @ 1 Rs for every 100 rupee shall be charged. After 4 regular defaults, the account becomes discontinued and can be revived in two months but if the same is not revived within this period, no further deposit can be made *If in any RD account, there is monthly default amount , the depositor has to first pay the defaulted monthly deposit with default fee and then pay the current month deposit. This will be applicable for both CBS and non CBS There is rebate on advance deposit of at least 6 installments, Rs. 10 for 6 month and Rs. 40 for 12 months Rebate will be paid for denomination of Rs. 100 Minor after attaining majority has to apply for conversion of the account in his name One loan up to 50% of the balance allowed after one year. It may be repaid in one lumpsum along with interest at the prescribed rate at any time during the currency of the account Protected Savings Scheme is applicable for the account of denomination Rs 100/- Online Deposit facility is available through Intra Operable Netbanking/Mobile Banking Online Deposit facility is available through IPPB Saving Account Date of maturity will be 5 years after date of opening. Account can be extended for further 5 year by giving application at account office

National Savings Time Deposit Account

Post Office Time Deposit Account (TD)

Interest payable, Rates, Periodicity etc.	Minimum Amount for opening of account and maximum balance that can be retained
Interest payable annually but calculated quarterly.	Minimum INR 1000/- and in multiple of 100. No maximum limit.

Interest rates From 01.04.2020 to 30.06.2020

Period	Rate
1yr.A/c	5.5%
2yr.A/c	5.5%
3yr.A/c	5.5%
5yr.A/c	6.7%

Salient features including Tax Rebate
.Account may be opened by (i) a single adult (ii) Joint Account (Maximum 3 adults) (iii) Minor above 10 yearsof age (iv) A guardian on behalf of a minor/Person of unsound mind Account can be opened by cash /Cheque and in case of Cheque the date of realization of cheque in Govt. account shall be date of opening of account Nomination facility is available at the time of opening and also after opening of account Account can be transferred from one post office to another Any number of accounts can be opened in any post office Single account can be converted into Joint and Vice Versa Minor after attaining majority has to apply for conversion of the account in his name. TD account can be extended by giving an application in account office Interest shall be payable annually, No additional interest shall be payable on the amount of interest that has become due for payment but not withdrawn by the account holder The annual interest may be credited to the savings account of the account holder at his option Premature encashment not allowed before expiry of 6 month, If closed between 6 month to 12 month from date of Opening, Post Office Saving Accounts interest rate will be payable The investment under 5 Years TD qualifies for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007. Online Account Opening facility is available through Intra Operable Netbanking/Mobile Banking

National Savings Monthly Income Account

Post Office Monthly Income Scheme Account (MIS)

Interest payable, Rates, Periodicity etc.	Minimum Amount for opening of account and maximum balance that can be retained
From 01.04.2020, interest rates are as follows:- 6.6 % per annum payable monthly.	In multiples of INR 1000/- Maximum investment limit is INR 4.5 lakh in single account and INR 9 lakh in joint account An individual can invest maximum INR 4.5 lakh in MIS (including his share in joint accounts) For calculation of share of an individual in joint account, each joint holder have equal share in each joint account.
Salient features including Tax Rebate
Account may be opened by (i) a single adult (ii) Joint Account (Maximum 3 adults) (iii) Minor above 10 years of age (iv) A guardian on behalf of a minor/Person of unsound mind. Account can be opened by cash/Cheque and in case of Cheque the date of realization of Cheque in Govt. account shall be date of opening of account Nomination facility is available at the time of opening and also after opening of account Account can be transferred from one post office to another. Any number of accounts can be opened in any post office subject to maximum investment limit by adding balance in all accounts (Rs. 4.5 Lakh) Single account can be converted into Joint and Vice Versa Minor after attaining majority has to apply for conversion of the account in his name Maturity period is 5 years from 1.12.2011 Interest can be drawn through auto credit into savings account standing at same post office,orECS./In case of MIS accounts standing at CBS Post offices, monthly interest can be credited into savings account standing at any CBS Post offices Can be prematurely en-cashed after one year but before 3 years at the discount of 2% of the deposit and after 3 years at the discount of 1% of the deposit. (Discount means deduction from the deposit.) A bonus of 5% on principal amount is admissible on maturity in respect of MIS accounts opened on or after 8.12.07 and up to 30.11.2011. No bonus is payable on the deposits made on or after 1.12.2011 Interest shall be payable to the account holder on completion of a month from the date of deposit If the interest payable every month is not claimed by the account holder such interest shall not earn any additional interest.

News Section

News

06 Jan 26

ICAI Releases Comprehensive Handbook on GST Compliance for E-Commerce Operators

Union Budget 2026-27: Industry Bodies Seek Targeted Credit Relief for MSMEs

Allahabad HC Rejects Plea to Quash GST Fraud Notice, Orders Tax Department to Reveal Evidence

Calcutta HC Stays 10% Pre-Deposit Recovery in Challenge to Time-Barred GST Demand U/S 73

CBDT Mandates IT Department Readiness for Upcoming Direct Tax Law Overhaul

05 Jan 26

GSTN Enables Online Opt-In Declaration for Specified Premises

Income Tax Department Releases Updated Common Offline Utilities for ITR 1 to ITR 7

inance Ministry Declares ICEGATE and ACES-GST as `Protected Systems` under Information Technology Act, 2000

04 Jan 26

GST Collections Rise 6.1% to Rs 1.75 Lakh Crore in December 2025

HSNS Cess Act, 2026: Finance Ministry Releases Detailed FAQs for Industry

03 Jan 26

Gujarat AAR: GST Exemption for Tree Plantation in Non-Forest Areas by Charitable Trusts

Big Compliance Relief: MCA Shifts Director KYC Filing to Once Every Three Years

India’s December 2025 Gross GST Revenue Hits ?1.75 Lakh Cr; Records 6.1% Year-on-Year Growth

02 Jan 26

MCA Revises Director KYC Norms, DIR-3-KYC Filing Required Once Every 3 Years

01 Jan 26

Council May Reduce GST Rate from 18% to 5% on Air and Water Purifiers

IndiGo Receives ?458 Cr GST Order U/S 74; Airline Confirms Intent to Appeal

MP High Court Upholds Validity of 100% GST Penalty for Incorrect E-Way Bill Destination

31 Dec 25

GST Returns & E-Way Bills Sufficient to Prove Movement of Goods, Toll Plaza Receipts Not Required: Allahabad HC

MSME Year-End Review 2025: Key Achievements, Schemes and Policy Reforms

Mere Bona Fide Mistakes in GSTR-3B Can’t Automatically Trigger GST Section 73 Proceedings: Karnataka HC

Delayed ITR Filing: Delhi HC Denies Canadian Citizen’s Plea, Holds Ignorance of Indian Tax Law No Excuse

30 Dec 25

Due Date Revised for AOC-4, AOC (CFS) AOC-4 XBRL & MGT-7, 7A (FY 2024-25)

GSTN Introduces Strict ITC Validations: Negative Reclaim and RCM Ledger Balances to Be Disallowed

GSTAT Assigns Judicial Benches for Members to Enable Appellate Proceedings

Uttarakhand HC: Reopening Assessment U/S 148 Can’t Be Re-Proposed After Rejection

GCCI Urges FM to Waive Late Fees for GSTR-9 & 9C Filing for FY 2024–25

29 Dec 25

GSTR-9 & GSTR-9C Deadline Extension Sought as Compliance Complexities Rise

Customs Duty Rationalisation Likely Next as Centre Completes GST, IT Overhaul

CBDT Releases Updated Offline ITR Utilities for AY 2025-26

28 Dec 25

Delhi HC Questions 18% GST on Air Purifiers Amid Pollution Crisis

Maharashtra Leads Crypto TDS Collections as VDA Tax Revenues Jump 41% in FY25

27 Dec 25

Non-Filing Due to Ill-Health and Financial Hardship: Madras HC Restores GST Registration

ICSI Releases Advisory for MGT-7 and MGT-7A Certification on MCA V3 Portal

Calcutta HC Holds Partner’s Illness a Valid Ground for Condonation of Delay in GST Appeal

24 Dec 25

CBDT Launches NUDGE Campaign to Correct Ineligible Tax Deductions for AY 2025-26

Noida Housing Societies Object to 18% GST on Maintenance and Electricity Charges

Allahabad HC Orders Criminal Contempt Against GST Officer for Misleading Affidavit

ICSI Requests FY25 Filing Extension Citing MCA-21 V3 Issues

Is the IT Dept Going to Access Your Social Media and Emails? Check the Reality

23 Dec 25

Section 80G Explained: Key FAQs on Donation Deductions, Limits, Verification & ITR Filing

Delhi HC Quashes GST Demand Notices, Holds Pre-IBC Statutory Dues Stand Extinguished

Will GST Apply to Medicines Given to Hospital Inpatients? Delhi HC Examines

Calcutta HC: Buyer’s ITC Can’t Be Denied Due to Supplier’s Retrospective GST Cancellation

22 Dec 25

GSTN Introduces Flexible ITC Handling for Credit Notes in IMS

Section 80G Explained: Key FAQs on Donation Deductions, Limits, Verification & ITR Filing

Income Tax Algorithm Error Flags Unlisted Share Capital Gains as Business Income

21 Dec 25

Income Tax Department Flags Transaction Mismatch, Urges Taxpayers to Review AIS Before 31st Dec

Net Direct Tax Collections Rise 8% in FY 2025-26 Till 17th December

02 Jan 25

GST Collections Rise 6.1% to Rs 1.75 Lakh Crore in December 2025

ITAT Mumbai: Rent Earned from Co-operative Society’s Admin Building Taxable as House Property Income

Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Arunachal Pradesh

Ahmedabad ITAT Allows Appeal Over Section 80IC Deduction Rejection Due to Village Name Discrepancy

IT Section 14A Applies Prospectively from April 2022: Surat ITAT Quashes PCIT Order

Due Date Reminder

Jan	Feb	Mar	Apr	May	June
July	Aug	Sep	Oct	Nov	Dec
All

07 Jan 26 "Payment of TDS/TCS of December. In case of government offices where TDS/TCS is paid by book entry, same shall be paid on the same day on which tax is deducted or collected. "

07 Jan 26 Seller to upload declarations received in December, from buyers for non-deduction of TCS.

07 Jan 26 Return of External Commercial Borrowings for December.

10 Jan 26 Monthly Return by Tax Deductors for December.

10 Jan 26 Monthly Return by e-commerce operators for December.

11 Jan 26 "Monthly Return of Outward Supplies for December. "

13 Jan 26 Monthly Return of Input Service Distributor for December.

13 Jan 26 Monthly Return by Non-resident taxable person for December.

13 Jan 26 Quarterly return of Outward Supplies for October-December. (QRMP)

14 Jan 26 Issue of TDS Certificate u/s 194-IA for TDS deducted on Purchase of Property in November.

14 Jan 26 Issue of TDS Certificate for tax deducted on rent above 50,000 pm by certain individuals/HUF under Section 194-IB where lease has terminated in November.

14 Jan 26 Issue of TDS Certificate for tax deducted u/s 194M on certain payments by individual/HUF in November.

14 Jan 26 Issue of TDS Certificate for tax deducted u/s 194S on Virtual Digital Assets in November.

15 Jan 26 Statement of Foreign Remittances by Authorized Dealers for December quarter.

15 Jan 26 Uploading declarations received in Form 15G/15H for December quarter.

15 Jan 26 Contribution from Jul-Dec. Amount = No of employee as on 31 Dec X Rs 3

15 Jan 26 TCS Statements for December quarter.

15 Jan 26 ESI payment for December.

15 Jan 26 E-Payment of PF for December.

15 Jan 26 Details of Deposit of TDS/TCS of December by book entry by an office of the Government.

18 Jan 26 Payment of tax by Composition taxpayers for December quarter.

20 Jan 26 Monthly Return by persons outside India providing online information and data base access or retrieval services, for December. Also to be filed by every registered person providing online money gaming from a place outside India to a person in India.

20 Jan 26 Add/amend particulars (other than GSTIN) in GSTR-1 of Dec. It can be filed after filing of GSTR-1 but before filing corresponding GSTR-3B.

20 Jan 26 Summary Return cum Payment of Tax for December by Monthly filers. (other than QRMP).

22 Jan 26 Add/amend particulars (other than GSTIN) in GSTR-1 of Dec quarter by Quarterly filers in Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra an

22 Jan 26 Summary Return of December quarter by Quarterly filers in Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, And

24 Jan 26 Add/amend particulars (other than GSTIN) in GSTR-1 of Dec quarter by Quarterly filers in Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, Wes

24 Jan 26 Summary Return of December quarter by Quarterly filers in Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha,

28 Jan 26 Return by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them, for December .

31 Jan 26 Annual Return by OPCs and Small Companies.

31 Jan 26 Filing of financial statements by Cos (Other than OPCs) for FY 2024-25 with the ROC. (30 days from AGM.)

31 Jan 26 Filing a report on Corporate Social Responsibility by every company covered u/s 135 of the Companies Act, 2013.

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