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interest income

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The stock gained 6.64 per cent to Rs 418.65 on the BSE.(REUTERS)

ICICI Bank shares jump nearly 6% over record-high Q2 profit

New Delhi | By Press Trust of India| Posted by Susmita Pakrasi
UPDATED ON NOV 02, 2020 12:19 PM IST
ICICI Bank on Saturday reported over four-fold jump in consolidated net profit at Rs 4,882 crore for the September quarter driven largely by core income growth and lesser provisions for the pandemic-related impact.
SBI’s shares rose as much as 3.5% in a Mumbai market that was trading 0.1% lower as of 0830 GMT.(Hemant Mishra/Mint)
SBI’s shares rose as much as 3.5% in a Mumbai market that was trading 0.1% lower as of 0830 GMT.(Hemant Mishra/Mint)

SBI posts record quarterly profit as bad loan provisions drop

Bengaluru | By Reuters
UPDATED ON JAN 31, 2020 02:36 PM IST
The net profit jumped to 55.83 billion rupees ($785.56 million) in the three months to December 31, from 39.55 billion rupees a year earlier
Assocham in its budget memorandum also suggested against tax deduction at source from payment of interest to senior citizens.(AFP File Photo/ Representive Image)
Assocham in its budget memorandum also suggested against tax deduction at source from payment of interest to senior citizens.(AFP File Photo/ Representive Image)

Assocham suggests tax sops for senior citizens

New Delhi | By HT Correspondent
UPDATED ON JUN 19, 2019 05:13 PM IST
It said many senior citizens couldn’t get benefit of any robust social security or pension fund investments as they did not exist during their working life and were largely dependent on interest income from fixed deposits.
Unlike last year, from this year all individuals (apart from super senior citizens—individuals above the age of 80 years) need to compulsorily file their ITRS electronically.(HT File Photo/Representative image)
Unlike last year, from this year all individuals (apart from super senior citizens—individuals above the age of 80 years) need to compulsorily file their ITRS electronically.(HT File Photo/Representative image)

ITR form tweaks you must know

Hindustan Times, Mumbai | By Bindisha Sarang
UPDATED ON JUN 18, 2019 10:37 AM IST
Here are a few changes you need to know in the two most popular forms, ITR 1 and ITR 2:
A notification to this effect was issued on Wednesday, but CBDT is considering issuing an explanatory statement in simple, non-technical language, given the immense implications for senior citizens who pay taxes, said the official.(HT Photo)
A notification to this effect was issued on Wednesday, but CBDT is considering issuing an explanatory statement in simple, non-technical language, given the immense implications for senior citizens who pay taxes, said the official.(HT Photo)

Tax relief for senior citizens upto Rs 5 lakh

Hindustan Times, New Delhi | By Rajeev Jayaswal
PUBLISHED ON MAY 24, 2019 10:17 PM IST
“Earlier, banks did not deduct tax at source for total income not exceeding Rs 4.5 lakh; that included Rs 3 lakh under tax-exempt category and Rs 1.5 lakh tax benefit under [section] 80C,” the first official said.
The first exempt implies investment qualifies for exemption.(PTI/File Photo)
The first exempt implies investment qualifies for exemption.(PTI/File Photo)

Decoding tax exemptions

Hindustan Times | By HT Correspondent
UPDATED ON MAY 13, 2019 03:16 PM IST
Breaking down and decoding the tax exemption guidelines, to understand them better.
Employees’ Provident Fund Organisation in New Delhi.(File Photo)
Employees’ Provident Fund Organisation in New Delhi.(File Photo)

EPFO could raise rate, increase basic pension

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON FEB 21, 2019 06:52 AM IST
The move, experts said, would be in line with a slew of populist announcements made by the Narendra Modi government ahead of the Lok Sabha elections
Bandhan Bank had posted a net profit of Rs 327 crore in the April-June quarter of 2017-18.(Reuters File Photo)
Bandhan Bank had posted a net profit of Rs 327 crore in the April-June quarter of 2017-18.(Reuters File Photo)

Bandhan Bank Q1 net profit jumps 47% to Rs 482 crore

Press Trust of India, Mumbai | By Press Trust of India
UPDATED ON JUL 18, 2018 02:32 PM IST
Bandhan Bank’s Gross Non-Performing Asset (NPA) increased to 1.26% of gross advances in the quarter under review compared to 0.93% in the comparable period of the last fiscal.
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