How long will the employee provident fund (EPF) account continue to accrue interest after contribution to the account has stopped? is it taxed at the slab rate for the financial year of withdrawal or is there any mechanism to optimize the income tax to be paid? Once an EPF account becomes inoperative, no interest is…
At one point, nearly 20,000 users in total said they were having trouble accessing Facebook and Instagram and Meta’s messaging service WhatsApp. Meta Platforms said on Friday services on its social media apps Facebook and Instagram were restored, more than two hours after an outage that affected thousands of users. At one point, nearly 20,000…
Six banks offer up to 7% interest rates on savings accounts: Opening a savings account is the first step toward the start of your financial journey. Savings account interest is typically calculated daily based on the account’s end-of-day total amount and paid quarterly. If you want more interest in your money, then small finance and…
Only twelve days window left for employees to apply for higher EPS pension. With an aim to provide more clarity on how to claim a higher pension, the Employees’ Provident Fund Organisation (EPFO) on Wednesday released a circular on what all documents one can submit. The retirement fund body has also detailed the method of…
As the deadline for filing income tax returns (ITRs) is approaching, the income tax department has released the online ITR-3 form on its official website. The tax department had already made available online forms for ITR-2, ITR-1, and ITR-4. There are seven ITR forms for individuals, namely, ITR 1, ITR 2, ITR 3, ITR 4,…
New Delhi: The Goods and Services Tax (GST) council is likely to consider penal measures against the entities involved in the fake GST invoice racket to check evasion at its next meeting on July 11, officials said. These measures could include an increase in penalty, mandatory physical verification of premises and suspension of GST registration…
State Bank of India (SBI) has revised its locker rent charges which vary depending on location and size of the locker. It is also requesting its locker customers to contact their locker holding branch and execute the revised/supplementary locker agreement as applicable. The Reserve Bank of India has directed all banks to ensure that at…
Income is taxable under the head ‘house property’ if it is earned from a property consisting of any building or land. Individual taxpayers have the option to report their income from house property using different income tax return forms such as ITR-1, ITR-2, ITR-3, or ITR-4, as applicable. If an individual receives income from a…
Indian Railway Catering and Tourism Corporation 2023 Jobs Recruitment Notification. IRCTC inviting applications for the positions of Group General Manager/Services. Interested and Eligible candidates can apply for the positions. Last Date for Submission of Application is on 03rd July, 2023. No.of Posts and Vacancies :- Group General Manager/Services – Various Posts Job Location – New Delhi…
Unique Identification Authority of India (UIDAI) has extended free Aadhaar update of documents by 3 months from June 14 to September 14, 2023. You can update and upload your Proof of Identity & Proof of Address documents online free of cost from 15 March – September 14, 2023. Earlier the date was June 14, 2023….