Senior citizens and others depending upon income from bank fixed deposit (FD) schemes will be at the receiving end with the retail inflation exceeding the interest rates. The Reserve Bank of India (RBI) in its latest monetary policy review has projected retail inflation at 5.3 per cent for the current financial year. Last week, the […]
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The railway charges the cancellation of the ticket. This charge varies. This charge depends on the class of reservation. The charges for canceling the reservation on Executive Class or AC First Class, AC Two-Tier, AC Three-Tier are different. Indian Railways Catering and Tourism Corporation (IRCTC), the company that deals with the e-ticketing of Indian Railways, […]
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1/9 8 essential services where you need Aadhaar Card Quoting of Aadhaar card is mandatory for a host of services ranging from filing income tax, to linking with pan card. Aadhaar is also one of a very important proof of identification and in order to avail Aadhaar Online services, it is also important to have […]
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When a taxpayer pays more tax than she is liable for in a financial year through excess tax deducted at source (TDS) or miscalculation in income tax, the income tax department refunds the excess amount. The refund is processed after the taxpayer files and verifies her income tax return (ITR). The refund is credited into […]
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PPF vs EPF: EPF or Employees’ Provident Fund is a government-backed retirement benefit scheme designed for salaried individuals only whereas PPF or Public Provident Fund is designed to provide old age income security to a PPF account holder. Both give income tax exemption on up to ₹1.5 lakh investment in one financial year under Section 80C […]
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Central Board of Direct Taxes (CBDT) has issued refunds worth over Rs 84,780 crore to around 59.51 lakh taxpayers, Income Tax India tweeted. The refunds are for the period between April 1, 2021 to October 11, 2021. Out of the total, Income tax refunds amount to Rs 22,214 crore and corporate tax refunds are worth […]
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Exchange Torn Currency: Many times it is heard that even torn or mutilated notes come out from ATMs. Along with this, mutilated notes keep running in the market too. What would you do if you came across such a torn note? Today we are going to tell you the guidelines of Reserve Bank of India […]
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If you also have a repeated message on the registered mobile number with the bank that your SBI YONO Account has been closed, then you need to be alert. Because SBI Bank has not sent any such message to the customers. This message is completely fake, its fact check has been done by PIB India and it […]
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In this, the employee contributes a part of his salary every month. The same contribution is made on behalf of the employer for the EPF and EPS account of the employee. When the employee changes the job, he has the option to either withdraw the pension amount along with the PF or keep it deposited […]
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I have recently retired, after which the provident fund contributions have been stopped. I have a PF accumulation of ₹50 lakh. Can I continue to keep the above-accumulated amount in my PF account without withdrawing, as PF will earn a risk-free interest of around 8.5%? Further, whether such interest on PF after retirement will be taxable, […]
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