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

01 May 26

GST Rate Changes Notified for Beverage Categories from 1st May 2026

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30 Apr 26

Income Tax Rules 2026: PAN Now Mandatory for Post Office Transactions

New Tax Rule 2026: Form 172 Filing Made Mandatory for Investment Funds in India

New Form 122: Tax Declaration for Salaried Employees

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GST Refund Delays Push MSMEs Into Liquidity Crisis

29 Apr 26

Form 185: New PF Reporting Rules Under Income Tax Act 2025

Jharkhand HC Dismisses Tata Steel’s Writ Petition in Alleged Wrongful GST ITC Claim Case

ITR-1 Changes AY 2026-27: Portal vs Software Filing

Allahabad HC Rejects Plea to Restore GST Registration Filed Beyond 4-Month Limit

28 Apr 26

RBI Issues Final Directions on Forex Derivatives Reporting for AD Category-I Banks

Form 65 Under Income Tax Act 2025: Complete Guide to 10% Tax on Patent Royalty

Gujarat HC: Income Tax Returns Don’t Reflect True Earnings, Rejects Plea to Reduce Maintenance

MP HC Quashes ?7 Crore GST Demand, Rules Assistant Commissioner Not a Proper Officer Without Council Nod

Calcutta HC Orders Electricity Duty to Be Considered Under IT Section 80-IA Valuation

27 Apr 26

Form 25 Under Income Tax Rules 2026: Key Rules for Medical Professionals

Aadhaar Not a Valid Proof of Date of Birth: UIDAI Issues Official Clarification

26 Apr 26

Gujarat GST AAR Allows ITC on Input Services for Structural Supports of Plant & Machinery

Madras HC Grants Fresh Hearing, Sets Aside Multiple GST Orders for Same FY Issues

How Balance Sheet Software Eases Audit Report Certificates

25 Apr 26

MCA Issues Advisory to Improve Ticket Resolution on MCA Portal

Uttarakhand HC Grants Relief in GST Cancellation Case, Citing Division Bench Precedent

24 Apr 26

RBI Data Shows Moderation in Sales Growth of FDI Companies in India During FY25

MCA Issues Advisory to Improve Ticket Resolution on MCA Portal

Delhi HC Quashes GST Order Citing Hearing Denial, Imposes ?50K Cost on Petitioner

Supreme Court Upholds Calcutta HC Ruling in Britannia Case; Rejects Tax Department Plea

How ROC Software Automates Annual Filing & Data Preparation

23 Apr 26

DIR-3 KYC Filing Gets Costly: MCA Notifies Rs 5000 Penalty for Late Filing

CBDT Issues Form 38 FAQs on Foreign Remittance Certificate Under IT Rules 2026

Delhi HC Quashes Order, Says Reminder Cannot Validate Improperly Served GST SCN

Madras HC Upholds Late GST Filing Fee for Incomplete GSTR 9C Annual Return

Madras High Court Relief to GAIL: GST Demand Invalid if Tax Already Deposited

22 Apr 26

TAN Forms 134 and 135: Features, Structure and Benefits

ACME Solar Holdings Ltd Gets Major Relief as Rajasthan HC Puts GST Notice on Hold

CBDT Denies IT Raid Allegations by TN Congress Leader, Calls Claims Baseless

Form 126 Replaces 15C & 15D: Key Changes in Nil TDS Certificate for Non-Residents

21 Apr 26

Form 163 Under IT Act, 2025: Indirect Transfer Reporting Made Simple

Form 146 Mandatory? New CA Certificate Rules for Foreign Remittances in 2026

IT Notification No. 64/2026 Rectifies 76 Errors in the Income Tax Rules, 2026

ITAT Delhi: Genuine ?85.25 Lakh Gratuity Claim Cannot Be Denied Due to ITR-TAR Mismatch

GSTR-3B Due Date for March 2026 Extended Till 21st April

20 Apr 26

ICAI Releases Updated Income Tax Act 2025 Edition with Section-Wise Mapping to 1961 Law

Finance Ministry Issues New Indian Economic Service Rules 2026

Form 116 for ITAT Cross Objections: Income Tax Dept Clarifies Filing Process & Timeline

19 Apr 26

Agra Bench of GSTAT to Strengthen CGST Appeals in 15 Districts of UP

GST Advisory 657: GSTN Alerts Taxpayers to Recompute Interest in GSTR-3B Table 5.1

18 Apr 26

Download Offline Utility for IT Forms 145 & 146 on the Portal

CAAS Surat Approaches SC to Address Issues in 44,776 Appeals & ITAT Vacancies

Andhra Pradesh HC: GST Recovery via Bank Allowed Without Notice if Dues Finalised

Due Date Reminder

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

01 May 26 Taxpayers with Turnover below Rs 5 Crores to opt in or opt out of QRMP Scheme for Jul-Sep quarter till 31st July.

07 May 26 Return of External Commercial Borrowings for April.

07 May 26 "Payment of TDS/TCS of April. 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. Note : Now TDS/TCS has to be deposited under new sections 392/393/394 under IT Act, 2025. "

07 May 26 "Seller to upload declarations received in April, from buyers for non-deduction of TCS. "

10 May 26 Monthly Return by Tax Deductors for April.

10 May 26 Monthly Return by e-commerce operators for April.

11 May 26 Monthly Return of Outward Supplies for April.

13 May 26 Optional Upload of B2B invoices, Dr/Cr notes for April under QRMP scheme.

13 May 26 Monthly Return by Non-resident taxable person for April.

15 May 26 Monthly Return of Input Service Distributor for April.

15 May 26 E-Payment of PF for April.

15 May 26 Payment of ESI for April

15 May 26 Issue of TDS Certificate for tax deducted u/s 194-IA on payment made for purchase of property in March.

15 May 26 Issue of Annual TDS Certificate for tax deducted on rent above 50,000 pm by certain individuals/HUF under Section 194-IB in March. (In case of termination of lease during the year, single TDS certificate is to be issued in 15 days from due date of deposit).

15 May 26 Issue of TDS Certificate for tax deducted u/s 194M on certain payments by individual/HUF in March.

15 May 26 Issue of TDS Certificate for tax deducted u/s 194S on Virtual Digital Assets in March.

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

15 May 26 Quarterly Statement of TCS for January-March.

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

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

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

25 May 26 Deposit of GST of April under QRMP scheme.

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

30 May 26 ITC reversal on stocks and capital goods by person opting for Composition scheme in FY 26-27.

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