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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

11 Nov 25

GST Rate Cuts and Income Tax Relief to Drive India`s FY26 Growth Beyond 6.8%, Says CEA

CBDT Simplifies Process to Correct TDS, Interest and Refund Errors

Rajasthan HC: Bank Can’t Freeze Account on Voluntary GST Cancellation

Delhi HC: Informers on GST Evasion Have No Right to Claim Reward

10 Nov 25

CBDT Official Highlights India`s Commitment to Multilateral Tax Certainty and Simplified Compliance

Auto Retail Sales Surge 40.5% in October, Led by Rural Demand and Tax Relief Under GST 2.0

09 Nov 25

CBDT Notifies 1% and 3% Arm`s Length Price Tolerance for AY 2025-26

LIC Passes On Full GST Exemption Benefit to Policyholder: Net Profit Rises to Rs 10,053 Crore

Finance Bill 2026 to Propose Fast-Track GST Registration, 90% Auto Refunds for Businesses

SBI Employee Wins: ITAT Confirms Retrospective ?25 Lakh Leave Encashment Exemption

08 Nov 25

Kerala HC: Section 263 Revision Not Permissible When AO Allowed 32AC Deduction After Inquiry

CBDT Notif. 156/2025: IT Exemption U/S 10(46A) for Karnataka Housing Board

GST Revenue Collections Slip Across 20 States as GST 2.0 Takes Effect

05 Nov 25

UPI Transactions Hit Record Rs 27.28 Trillion in October 2025

Finance Ministry Invites Industry Suggestions for Union Budget 2026-27 on Direct and Indirect Taxes

Kerala GST Dept Launches Registration Drive to Ensure Tax Compliance Among Traders

Hyderabad ITAT: Exemption Denial for Delayed Form 10B Filing Unjustified If Report Available Before Order

ICAI Presents Pre-Budget Suggestions for Union Budget 2026-27

04 Nov 25

Andhra Pradesh HC Allows Transitional GST Credit, Reversals Set Aside

GST Portal Glitch in Auto-Populated B2C Data for Previous FY Amendments in GSTR-9

TRACES Advisory: Correction Filing Window for TDS/TCS Cut to Two Years

03 Nov 25

Delhi HC Rejects Plea Against DGGI’s Attachment of ICICI Bank Accounts

KSCAA: Deadline Extension for Tax Audits Doesn’t Cover Firms with TP Reporting

GST Revenue Up 4.6%, Touches ?1.96 Lakh Crore in October 2025

Relief for Taxpayer: Calcutta HC Allows Fresh GST Appeal After Technical Portal Delays

02 Nov 25

KSCAA: Deadline Extension for Tax Audits Doesn’t Cover Firms with TP Reporting

GST Revenue Up 4.6%, Touches ?1.96 Lakh Crore in October 2025

Relief for Taxpayer: Calcutta HC Allows Fresh GST Appeal After Technical Portal Delays

KSCAA: Deadline Extension for Tax Audits Doesn’t Cover Firms with TP Reporting

GST Revenue Up 4.6%, Touches ?1.96 Lakh Crore in October 2025

Relief for Taxpayer: Calcutta HC Allows Fresh GST Appeal After Technical Portal Delays

01 Nov 25

GST Portal Rolls Out New “Import of Goods” Section in IMS

BDCDA Urges Traders to Migrate to Regular GST to Avail ITC Benefits

Madras HC Directs Review of Blocked GST ITC Claims Within Four Weeks

Bombay HC: Delay in Filing ITR Due to CAs Advice Does Not Constitute Assessee’s Negligence

31 Oct 25

GSTN Introduces `Import of Goods` Feature in IMS to Enhance Compliance Ease

Mumbai ITAT Restores Case to AO for Tax Exemption U/S 10(25)(ii) Denied Due to Wrong ITR Form

Kerala HC: No 18% GST on Health Insurance Premiums; Interim Relief Granted to Pensioners

Finance Ministry Calls for Industry Inputs Ahead of FY27 Budget

CBDT Sets Nov 10 and Dec 10 Deadlines for Audit Report and ITR Filing

30 Oct 25

CBDT Extends ITR and Audit Report Due Dates for AY 2025-26

P&H High Court Warns CBDT: Extend ITR Audit Deadline or Face Contempt

Chhattisgarh HC Quashes ?5 Crore GST Order; Interest & Penalty Can’t Exceed SCN

Delhi HC: GST Exempt on Housing Rentals Used for Residential Purposes

29 Oct 25

GST Cuts to Boost Domestic Demand, Says Finance Ministry`s Economic Review for September

Finance Ministry Report: Lower GST Rate to Boost Demand, Cautions on Global Risks

No GSTAT Setup Yet: Delhi HC Pauses GST Recovery Proceedings with Pre-Deposit Condition

MCA Cir. 07/2025: Form CRA-4 Due Date Extended to 31 Dec

28 Oct 25

CBDT Launches Updated Search and Seizure Manual 2025 with Focus on Digital Evidence and Data Security

MCA Extends Deadline for Filing CRA-4 Cost Audit Report in XBRL Format Till 31st December 2025

Finance Ministry Notifies Banking Companies (Nomination) Rules, 2025

Delhi HC: Illegible Order Is Not a Valid Ground to Avoid Filing Appeal U/S 107 of the GST Act

FM Announces Auto-Approval of GST Registration Within 3 Days for New Applicants

Karnataka’s Rooftop Solar Sector Gets a Boost as GST Rate Falls

Due Date Reminder

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

14 Nov 25 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 September.

14 Nov 25 Issue of TDS Certificate for tax deducted u/s 194M on certain payments by individual/HUF in September.

14 Nov 25 Issue of TDS Certificate for tax deducted u/s 194S on Virtual Digital Assets in September.

15 Nov 25 Issue of TDS certificates for Q2 of FY 2025-26.

15 Nov 25 Details of Deposit of TDS/TCS of October by book entry by an office of the Government.

15 Nov 25 E-Payment of PF for October.

15 Nov 25 Payment of ESI for October

20 Nov 25 Monthly Return by persons outside India providing online information and data base access or retrieval services, for October. Also to be filed by every registered person providing online money gaming from a place outside India to a person in India.

20 Nov 25 Add/amend particulars (other than GSTIN) in GSTR-1 of October. It can be filed after filing of GSTR-1 but before filing corresponding GSTR-3B.

20 Nov 25 Summary Return cum Payment of Tax for October by Monthly filers (other than QRMP). Claim input tax credit (ITC) for FY 24-25 in GSTR-3B. Issue Credit/Debit notes for FY24-25 . Reversal of ITC of FY 24-25 where supplier had filed GSTR-1/IFF but not filed G

25 Nov 25 Deposit of GST under QRMP scheme for October .

28 Nov 25 Return for October by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them.

29 Nov 25 Half yearly Audit Report from April to September of Reconciliation of Share Capital by Unlisted Public Companies.

30 Nov 25 Statutory Auditor to file Annual return with National Financial Reporting Authority (NFRA) in respect of entities covered in Clause 3(1)(a) to 3(1)(e) of NFRA Rules 2018. It will not cover tax audits, Limited review & Quarterly audits.

30 Nov 25 Online Application for alternative tax regime if due date of ITR is 30 Nov.

30 Nov 25 Filing of Income Tax Return where Transfer Pricing applicable.

30 Nov 25 E-filing of statement by non-resident u/s 285, having liason office in India, for FY 2024-25.

30 Nov 25 Deposit of TDS u/s 194-IA on payment made for purchase of property in October.

30 Nov 25 Deposit of TDS u/s 194-IB @ 5% on total payment of Rent more than 50,000 pm by individual or HUF (not liable to tax audit) during FY 24-25, where lease has terminated in October (Else TDS is to be deposited on annual basis by 30 April of next year.)

30 Nov 25 Deposit of TDS on certain payments made by individual/HUF u/s 194M for October.

30 Nov 25 Deposit of TDS on Virtual Digital Assets u/s 194S for October.

30 Nov 25 Annual RoDTEP Return (ARR)for the financial year 2023-24. Grace period was extended from 30.09.2025 to 30.11.2025 with late fee of Rs. 10,000. If the total RoDTEP claim for a given IEC exceeds Rs. 1 crore in a financial year, filing the Annual RoDTEP Retu

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