Service charges for post office savings account, schemesIndividuals having post office savings account or small savings scheme accounts have to pay certain charges. For instance, charges are levied for getting a duplicate passbook for a post office savings account or on the transfer of account etc. - PAN won't become inoperative if not linked to Aadhaar till SC judgement: Gujarat High courtThe deadline for linking of PAN and Aadhar had been extended several times and now the new deadline is March 31, 2020. So, if a person doesn’t link his PAN with Aadhar by the said date, his PAN shall be inoperative.
- How to update job leaving date yourself in EPFO records onlineEPFO has launched an online facility where EPF account holders can update the exit date in the records.
- Filing ITR1 for FY2019-20? Check latest eligibility norms set by CBDTAfter notifying the income tax return forms for FY 2019-20, which reduced the number of individuals who can file the ITR-1, CBDT has now rolled back such restrictions. Here's a look at who can file a tax return using ITR-1 for FY 2019-20.
- Income tax calendar for the year 2020The income tax department, via its Twitter handle and emails, has been informing taxpayers about the important tax dates for the year 2020. Being mindful of these dates can help taxpayers avoid penal consequences.
- What happens to your EPS account when you transfer your EPF account?According to EPF rules, 8.33 percent of the employer's contribution is diverted towards EPS account.
- ITR filing: 5 key changes in ITR-1 you need to knowThe income tax department has notified the income tax return (ITR) forms for FY 2019-20 on January 3, 2020.
- Why you should not take loan against PPF accountAs per new, revised rules, the interest rate on a PPF loan is charged at one percent per annum.
- 8 financial deadlines in 2020 that you need to knowTo be moneywise in the year 2020, here are 8 financial deadlines that you need to know about.
- PPF, NSC and other small savings schemes interest rates kept unchanged for March quarterFor the quarter ending March 2020, small savings schemes such as the Public Provident Fund (PPF), National Savings Certificate (NSC) will continue to fetch same interest rate. PPF will continue to earn 7.9 per cent during the quarter January to March 2020.
- Install mAadhaar app in your phone and never carry a physical Aadhaar cardUnique Identification Authority of India (UIDAI), the Aadhaar number issuing body has launched the new version of the mAadhaar app that allows Aadhaar cardholder to access more than 35 services from his/her smartphone.
- The events that led to external benchmarking of loans and what borrowers should do nowThe year 2019 saw the shift in the way interest rates loans to be charged. The Reserve Bank of India announced that with effect from October 1 interest rate on all new floating loans has to be linked to any of the four external benchmarks.
- PAN-Aadhaar linking deadline extended by 3 months to March 31, 2020The government has extended the deadline to link PAN with Aadhaar once again. The last time deadline was extended in September 2019 by three months to December 31, 2019. If the PAN is not linked with Aadhaar by March 31st, then PAN will become inoperative.
- December 31 is the last date to verify your ITR. Have you done it?According to income tax laws, a taxpayer gets 120 days from the date of filing an income tax return (ITR) to verify his/her tax return. The deadline to file ITR for FY 2018-19 was August 31, 2019, makes December 31, deadline to verify the ITR.
- PPF scheme 2019: Loan against PPF account at 1% and other changes you need to knowThe government via a notification dated December 12, 2019, has replaced the PPF scheme 1968 with the PPF scheme 2019. Though major features have been kept unchanged, a few small tweaks have been made in the scheme which you should know about.
- PAN-Aadhaar linking: What will happen if PAN is not linked with Aadhaar by December 31?If your PAN is not linked with Aadhaar by this date, then your PAN will become inoperative.
- Aadhaar becomes mandatory for PMVVY schemeFinance Ministry's notification suggests that if Aadhaar authentication fails due to poor biometrics or other reasons, then other methods for authentication must be adopted. Here's what senior citizens will have to submit to avail continued benefits.
- Income tax changes of 2019: The impact they made on your personal financesThe changes help salaried people save more tax, while the uber rich took a big hit on the taxation front.
- Code on Wages 2019: Soon, you will get full and final payment just 2 days after you leave jobThe Code of Wages, 2019 will potentially ensure timely payment of dues to employees.
- Transfer money via NEFT 24x7 from Dec 16; from Jan 1 it will be free of cost. Here's all you need to knowNEFT allows individuals, firms, corporates to transfer money from one bank branch account to another one anywhere in the country. Earlier, this facility could be availed only on working days between 8:00 Am and 7:00 PM.
- How to get duplicate PAN card onlinePermanent Account Number or commonly known as PAN card is one of the important financial document. PAN is required to conduct various financial transactions such as investing in fixed deposit, mutual funds and so on.
- Now deposit more than Rs 25,000 in your PPF account at non-post office home branchThe revision was made after many complained about the difficulty in depositing cheques of more than Rs 25,000 for their small savings accounts. This move will allow account holders to deposit cheques of any amount in any non-home post office branch.
- UIDAI issues standard certificate to help individuals applying for Aadhaar card without documentsAadhaar issuing body Unique Identification Authority of India in order to resolve the problems faced by the individuals to get certificates from various functionaries such as MP or MLA has issued the standard format on which information has to get.
- PAN-Aadhaar interchangeability: 6 instances where you can use Aadhaar number instead of PANDo keep in mind that it is advisable to link your PAN with Aadhaar number before quoting it in lieu of PAN. This is because there still is no clarity whether second PAN will be allotted to you if your Aadhaar is not linked to PAN.
- RBI keeps repo rate unchanged: What does this mean for your loans and fixed deposits?The Reserve Bank of India, in its monetary policy review today, kept the repo rate unchanged at 5.15%
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