The last date to apply for a higher pension under the Employees’ Pension Scheme (EPS) is June 26, 2023. However, many people are still not sure whether it is beneficial for them to apply for the higher EPS pension. The Employees’ Provident Fund Organisation (EPFO) had issued a circular on the method of pension calculation…
National Pension System (NPS) subscribers will soon get a new option for funds withdrawal as the pension fund regulator PFRDA plans to come out with a systematic withdrawal plan. “It is at a very advanced stage. Hopefully, by the end of next quarter we should be able to come out with a scheme like that,”…
I have made capital gains of about 19 lakhs by selling various debt mutual funds which I held for more than 3 years. Approximate capital gains after indexation is about 3+ lakhs. In one fund which is traded in the US, I have a capital loss after keeping it for more than 5 years. Is…
The deadline for filing your income tax returns (ITRs) is 31 July. By now, most of you must have received the Form-16. Experts are advising individual taxpayers to avoid the last-minute rush and start filing their ITRs soon. which can lead to mistakes. How to file ITR? You have the option of getting your ITR…
Online payments in India: The Unified Payments Interface (UPI) makes digital payment as easy as sending a text or scanning a QR code. Launched in 2016, the platform accounted for 73% of all non-cash retail payments in India in the year to March. According to the Reserve Bank of India’s (RBI), 30 May annual report,…
Amazon has introduced a convenient feature called Amazon Pay Cash Load, allowing users to deposit cash, including the ₹2,000 notes, directly into your Amazon Pay balance account. This hassle-free service is available right at your doorstep. India Today reported that the Amazon Pay Cash Load option enables you to conveniently deposit cash, including the elusive…
WhatsApp can now automatically mute calls from unknown numbers to enhance user privacy. Amidst the increase in spam calls from unknown numbers on WhatsApp, Meta has introduced a new feature that allows users to automatically mute such calls on the platform. According to the Meta Channel on Instagram, this new feature will make WhatsApp even…
In India, oil marketing companies (OMCs) review fuel prices on a daily basis. The rates, whether revised or unchanged, are announced at 6am each day. Fuel prices across major cities are unchanged on Wednesday, which means that a litre each of petrol and diesel continues to retail at ₹96.72 and ₹89.62 respectively, in Delhi, while…
Only few banks are offering above 9% fixed deposit interest rates to senior citizens on certain tenures. Private banks and public sector banks are way behind in offering competitive interest rates when compared to Small Finance Banks (SFBs). Many SFBs are covered by DICGC, which insures of amount up to Rs 5 lakh. This insurance…
The last date to link Aadhaar with PAN is June 30, 2023, and if you are some one who has not linked PAN with Aadhaar, you should do it immediately before the deadline to avoid consequences. According to the Income Tax department press release, “In order to provide some more time to the taxpayers, the…