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…
The deadline to update your Aadhaar card for free is about to end. In December 2023, the Unique Identification Authority of India (UIDAI) extended the deadline for free updation of Aadhaar. The deadline for free updation of an Aadhaar card is 14 March. At present, one can update their Aadhaar card for free only on…
7th Pay Commission: The Union Government has increased the Dearness Allowance for Central govt employees and Dearness Relief for pensioners increased by 4%. The DA hike will be implemented from 1, July 2023 said Union Minister Anurag Thakur on Cabinet decisions. With this increase 4 percent hike, the dearness allowance will be increased from 42…
New Delhi: Finance minister Nirmala Sitharaman said on Monday that issue of tax notices and re-opening of past assessments in the case of high income earners where the department has information about their non-compliance, has become predictable and that there is no fishing expedition. Speaking at an event held to mark the 164th Income Tax…
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…
Northern Coalfields Limited, NCL has started the registration process for Trainee posts. Eligible candidates can apply online through the official site of NCL at nclcil.in. The last date to apply for the posts is till August 31, 2023. This recruitment drive will fill up 338 posts in the organization. Read below for eligibility, selection process…
Unified Payments Interface (UPI) has supercharged India’s transition to non-cash payments by facilitating direct payments linked to a bank account. UPI has been a revolution for the entire economy in large part due to rapid adoption by millennials and GenZs. It has accelerated the adoption of digital payments, and made making peer-to-peer payments easier for…
New Delhi: Video streaming services are increasingly diversifying their offerings with more free content following the realization that relying solely on subscriptions will not be enough to sustain the over-the-top (OTT) business. For example, JioCinema has made local language programming, including new movies and shows, available for free, while Disney+Hotstar is offering premium sports events…
The Union Budget 2024 has proposed simplifying the holding periods for capital gains by introducing only two durations: 12 months and 24 months, to determine short-term and long-term capital gains, respectively. Additionally, the tax rates have been streamlined and made uniform for most assets. The indexation benefit has been removed in Budget 2024, while the…
Society of Manufacturers of Electric Vehicles on Tuesday said the sudden reduction of subsidy of electric two-wheelers may lead to a major decline in EV adoption, impacting the entire industry for a considerable period of time. Startup players in the electric mobility space, however, welcomed the government’s decision saying it was time for the EV…