Utilities

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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 Jul 26

CBDT Condones Delay in Filing Form 10AB for 80G Approval Applications Till 31st March 2026

ICAI Introduces New Tax Audit Count Tracking Feature on UDIN Portal

Finance Ministry Grants Aadhaar Authentication Permission to Home First Finance

05 Jul 26

CBDT Notifies TDS Exemption on Aircraft Lease Rentals Paid to IFSC Units Under Income Tax Act, 2025

Mumbai City Civil and Session Court: GST Criminal Liability Can Extend Beyond Company Directors

04 Jul 26

Deloitte Survey: AI Set to Transform GST Compliance Across India

GST Return Default: Calcutta HC Orders Restoration of GSTIN to Protect Livelihood

CBDT Condones Delay in Filing Form 10AB for 80G Approval Renewal

03 Jul 26

Gujarat HC: Transitional VAT Credit Carried Forward to GST Not Eligible for Cash Refund

GSTN Revises Amendment of Aggregate Annual Turnover (AATO) Amendment Timeline for FY 2025-26

GSTN Releases FAQs on Mandatory Ship-to Field and Voluntary E-Way Bill Closure 2026

ICAI Releases Revised Code of Ethics 2026

CBDT Clarifies Form 61 Filing Process for Transactions With Notified Jurisdictional Areas Under IT Act, 2025

02 Jul 26

GST Day 2026: Telangana Chief Justice Calls for an Amnesty Scheme and Online Dispute Resolution Under GST

GSTAT Appeal Filing Deadline Extended Till 31st July 2026

Centre Notifies New Excise Duty Rates on Petroleum Products Effective 1st July 2026

01 Jul 26

Income Tax Department Releases Updated Common Offline Utility for ITR-1, ITR-2 and ITR-4 for AY 2026-27

30 Jun 26

UPERC Allows Pass-Through of GST Rate Cut Benefits to Consumers Under PM-KUSUM Projects

Orissa HC: No GST Demand After Pre-Proceeding Reversal of Wrongly Availed ITC

Telangana HC Allows GST Appeal Against Unsigned Section 73 Assessment Order

ICAI Strengthens AI Push with Sarvam AI Partnership and New AI Certification Course

29 Jun 26

CBDT Notifies University of Hyderabad and PHFI as Approved Scientific Research Institutions Under Income Tax Act, 2025

Income Tax Department Enables Online Challan Correction Facility

MCA Releases Corporate Mitra Scheme Guidelines 2026

RBI Issues Credit Derivatives Master Direction 2026

28 Jun 26

Orissa HC: No GST Demand After Pre-Proceeding Reversal of Wrongly Availed ITC

UPERC Allows Pass-Through of GST Rate Cut Benefits to Consumers Under PM-KUSUM Projects

GST Portal Upload of Assessment Order Is Valid Communication; Writ Can’t Replace Appeal

27 Jun 26

Delhi HC Issues Notice on Plea Challenging GSTAT Appeal Deadline, Seeks Extension for Pre-April 2026 Orders

Allahabad High Court Declines GST Petition Filed After Expiry of Statutory Appeal Limitation

Andhra Pradesh HC Directs Fresh GST Orders, Refuses Composite Demands for Multiple AYs

26 Jun 26

ITAT Bangalore Allows TDS Credit Despite Non-Claim in Original ITR

RBI Withdraws Obsolete FEMA Circulars to Simplify Foreign Exchange Regulatory Framework

Income Tax Department Enables Online Challan Correction Facility

25 Jun 26

Mumbai ITAT Provides Relief to Salaried Taxpayer in Employer’s TDS Deposit Lapse

Jharkhand HC Grants Bail in GST ITC Fraud Case After Four Months in Custody

24 Jun 26

Allahabad HC: GST Dept. Can’t Deny Registration Restoration Merely Due to Pending Appeal

Supreme Court: GST Dept Cannot Block ITC Beyond Available Credit Under Rule 86A

Finance Ministry Notifies Jan Vishwas Act Amendments for RBI, LIC, Insurance and PFRDA Laws from 23rd June 2026

RBI Issues TReDS Directions 2026, Simplifies Framework for MSME Financing

23 Jun 26

Madras HC Upholds ?4.10 Crore GST ITC Blockage Under Rule 86A Over Alleged Fake Transactions

MCA Grants Additional Time for Company Name Reservations and E-Form Compliance

MCA Extends Name Reservation and E-Form Resubmission Deadlines Till July 10, 2026

Finance Ministry Notifies Jan Vishwas Act Amendments for RBI, LIC, Insurance and PFRDA Laws from 23rd June 2026

19 Jun 26

Gauhati HC: Common GST SCN for Multiple Financial Years Valid When Issued Within Statutory Time Limits

RBI Temporarily Removes Interest Rate Caps on NRE and FCNR(B) Deposits Till 30th Sept 2026

18 Jun 26

Bombay HC Sets Aside ?2.54 Cr GST Demand Issued Through a Single Show Cause Notice

Kerala HC: GST ITC Cannot Be Denied if Tax Returns Filed Within Section 16(5) Deadline

How Does ITR Software Help Taxpayers with Online Rectification

GSTN Issues Advisory on e-Invoice API and e-Way Bill by IRN API Changes Effective from 1st August 2026

Due Date Reminder

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

11 Jul 26 Monthly Return of Outward Supplies for June.

13 Jul 26 Quarterly return of Outward Supplies for Apr-Jun (QRMP)

13 Jul 26 Monthly Return by Non-resident taxable person for June.

13 Jul 26 Monthly Return of Input Service Distributor for June.

15 Jul 26 E-Payment of PF for June.

15 Jul 26 Payment of ESI for June

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

15 Jul 26 Statement by Banks etc. in respect of foreign remittances during April-June.

15 Jul 26 E-filing of form 121 (15G/H) for April-June.

15 Jul 26 16C

15 Jul 26 16C

15 Jul 26 16C

15 Jul 26 16C

15 Jul 26 Annual Return on Foreign Liabilities and Assets (FLA) for FY 2025-26, to be filed with RBI through the FLAIR portal by every Indian company, LLP, AIF, partnership firm and other entity that has received FDI and/or made ODI (overseas direct investment) in

15 Jul 26 Half-yearly contribution for Janâ€“Jun. Contribution = No. of employees as on 30 June Ã— Rs.24 (employee Rs.6 + employer Rs.18). Applies to establishments with 5+ employees (excluding managerial/supervisory staff drawing > Rs.2,500/month). Online payment

18 Jul 26 Payment of tax under Composition Scheme for June quarter.

20 Jul 26 Monthly Return by persons outside India providing online information and data base access or retrieval services, for June.

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

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

22 Jul 26 Add/amend particulars (other than GSTIN) in GSTR-1 of June 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

22 Jul 26 Summary Return of April-June 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,

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

24 Jul 26 Summary Return of April-June 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, Odish

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

30 Jul 26 26QC

30 Jul 26 26QC

30 Jul 26 26QC

30 Jul 26 26QC

31 Jul 26 26QC

31 Jul 26 Taxpayers with Turnover below Rs 5 Crores can opt in or opt out of QRMP Scheme for Jul-Sep quarter.

31 Jul 26 Annual Return of Deposits by Companies other than NBFCs for FY 25-26. (extended due date)

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