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Income tax deduction on EPF contribution: Old tax rate vs new tax rate

In the new income tax regime as announced in Budget 2020, there are seven tax slabsContribution by the employer towards the EPF account of an employee of up to 12% remains tax-free The employer, typically, deducts 12% of your basic salary and dearness allowance towards EPF or employees' provident fund contribution and contributes an...

Income Tax: नए टैक्स सिस्टम में मिलती रहेंगी ये 10 टैक्स छूट, जानें कैसे मिलेगा बेनेफिट

New Tax System: वित्त मंत्री निर्मला सीतारमण (Nirmala Sitharaman) ने बजट (Budget 2020) में आयकरदाता को इनकम टैक्स (Income Tax) के मोर्चे पर राहत दी. बजट में नई टैक्स व्यवस्था (New Tax System) का एलान किया गया. लेकिन, इस नए टैक्स स्लैब के साथ सरकार ने एक शर्त भी रखी है. शर्त यह है कि नया टैक्स स्ट्रक्चर आयकरदाताओं...

Aadhaar card holders can now get a free PAN card in just 10 minutes. Here’s how to apply

. To get a new PAN card, you do not need to fill up a detailed application form anymore . The income tax department has started issuing new PAN cards online instantly using Aadhaar-based e-KYC To get a new PAN card you need not fill up a 2-page application form and wait for a few...

Ola ‘Emergency Button’ now integrated with Bengaluru police app

The integration will let users share their ride-information including driver and car details with the city policeThis is the second city after Hyderabad where Ola implemented this feature India's ride-hailing company Ola has integrated its in-app emergency button with the Bengaluru Police's safety app, Suraksha. The integration will let users share their ride-information including...

Notice Issued By UIDAI To ‘Illegal’ Aadhaar Card Holders

The Unique Identification Authority of India (UIDAI) which issues Aadhaar (12 digit unique number) has issued notice to illegal holders. UIDAI’s Hyderabad office on Tuesday sent notices to 127 people for allegedly obtaining Aadhaar numbers on “false pretenses”. Police input made UIDAI issue notice in name of these 127 peoples. On preliminary inquiry, it...

SBI Cards IPO to open for subscription on March 2

SBI Cards plans to issue new shares worth ₹500 crore and will offer up to 130.5 million shares for sale, the prospectus, showed The ₹9,000 crore initial public offering (IPO) of SBI Cards and Payment Services, the credit card arm of State Bank of India (SBI) , will open on March 2, according to its prospectus....

Your PAN will become inoperative after March 31 if not linked with Aadhaar

The deadline for PAN-Aadhaar linking has been extended eight times. The previous deadline was December 31, 2019 The Income Tax department says your PAN will become inoperative if you don't link it with Aadhaar by March 31, 2020, according to a PTI report. The deadline for PAN-Aadhaar linking has been extended...

Aadhaar card has nothing to do with citizenship, UIDAI clarifies

UIDAI has clarified that notices were issued after reports from Hyderabad policeThe UIDAI emphasised that these notices have 'nothing to do with citizenship and cancellation of Aadhaar number is in no way related to the nationality of any resident' Aadhaar card has nothing to do with citizenship, UIDAI clarifies after issuing notice to 127...

Voter ID Card Is A Proof Of Citizenship Says Mumbai Court

While much noise is being going on in the country about Citizenship a court in Bombay has settled the question of proving it. A magistrate court in Mumbai held that original election cards are proof of citizenship. As per court held a birth certificate, a domicile certificate, a bona fide certificate, and a passport...

GST paid on life, health cover premiums also eligible for tax deduction benefits

. When you pay a premium for a life or health policy, you also have to pay GST, which effectively increases the overall premium . You have to pay GST at the rate of 18% on health insurance policies The season for submitting proof of investments in tax-saving products has already...
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