Aadhaar, a 12-digit unique identity number available to residents of India (including NRIs), is acquired through the submission of biometric and demographic data. The enrollment process requires the provision of essential demographic details, along with ten fingerprints, iris scans, and photographs, facilitating the unique identification of individuals through a deduplication process. Why Does Aadhaar Have…
The tax calendar of the Income Tax Department (IT department) in India lists all the important tax-related deadlines, such as due dates for filing income tax returns, paying advance tax, and deducting tax at source. If you miss any of these deadlines, you may have to pay late payment fees and penalties. Knowledge of the…
News NPS withdrawal rule change: The Pension Fund Regulatory and Development Authority (PFRDA) has implemented new NPS withdrawal rule changes, allowing phased withdrawal of the lump sum. The pension regulator has also made ‘penny drop’ verification mandatory for National Pension System (NPS) fund withdrawals. National Pension System: All you need to know about the new…
Instagram, the popular photo and video sharing social networking service owned by Meta, allows users to schedule photos and reels. With this feature, creators can plan ahead by scheduling Reels, photos and carousel posts from the Instagram app. According to Instagram, scheduling posts can help you save time and stay organised when you create and…
The Income Tax Return (ITR) filed by individual income taxpayers increased by 90% in last nine years to 6.37 crore in AY 2021-22. The number of ITR filings consistently increased among individual taxpayers. In AY 23-24, 7.41 crore returns have been filed till now. Among them, 53 lakh are new first-time filers. Over the last…
Reversing a UPI (Unified Payments Interface) payment can be a complex process, and it’s important to note that the ability to reverse a payment depends on various factors, including the policies of the bank or payment service provider involved. It’s crucial to act promptly in case of any issues and to keep detailed records of…
7th Pay Commission: The Railway Board has announced that it has revised the dearness allowance for its employees from 42 percent to 46 percent of the basic pay effective from July 1, 2023. In a circular from the Board dated October 23, 2023, to the General Managers and Chief Administrative Officers of All India Railways…
One of the most affordable and popular ways of saving funds for a long tenure is recurring deposits or RDs, in which investors can make investments through monthly, quarterly, half-yearly, or annual installments and earn interest just like FDs. There are a lot of financial institutions including banks and post offices that offer recurring deposit…
Introduced in January 2004, the National Pension Scheme (NPS) originally served as a government-sponsored retirement plan exclusively for government employees. However, in 2009, it was expanded to encompass all other sectors. The NPS is governed jointly by the government and the Pension Fund Regulatory and Development Authority (PFRDA) and is designed as a long-term, voluntary…
With the festive celebrations in full swing, Amazon Pay has announced the introduction of equated monthly instalment (EMI) on RuPay credit cards. The digital payments platform said that the move aims to make online shopping for customers convenient and affordable. EMI on RuPay credit cards will be on offer across eight prominent issuing banks. With…