Section 80C is the most used tax-saving section amongst the tax-payers to reduce their tax liability. Starting with PPF contributions, five-year term deposits, life insurance plans or ELSS schemes, though there is a long list of tax-free instruments under this section, in total you cannot claim more than Rs 1.5 lakh exemption through Section 80C…
With the Reserve Bank of India (RBI) not looking very comfortable with the inflation numbers across food and fuel segments, it is unlikely that there could be a major cut in the upcoming RBI’s monetary policy meet. So, with interest rates not coming down in a hurry, investors especially who are retired and also those…
Jio has launched new long-term recharge options for the Jio Phone users. The new Rs. 297 and Rs. 594 prepaid Jio recharge plans are designed to offer “unlimited” data along with other benefits like complimentary subscription to Jio apps and SMS benefits. The development comes as an expansion of the Jio Phone Monsoon Hungama Offer that was…
BSNL or Bharat Sanchar Nigam Limited has announced 300 vacancies for the positions of management trainees (MT) telecom operations. Half of the posts will be filled up from open market (external candidates), state-run BSNL said in a notification on its website. The eligible candidates are required to apply online through the company’s website, bsnl.co.in, for 150 management…
If you haven’t filed your income tax return yet, you have few days left to do so to avoid legal proceedings. Individuals who have not filed their income tax returns (ITR) for the assessment year 2018-19 should do the same within 21 days to avoid proceedings under the Income Tax Act, news agency IANS (Indo-Asian…
Incepted by the government of India, EPFO (Employees’ Provident Fund Organization) is the largest social security organization in India. Among all the things EPFO offers, it mostly encourages employees to save for retirement. The website, EPF unified portal, provides access to various information and online services. The EPFO portal offers a host of benefits online,…
Compensation in India’s corporate sector is tipped to go up by about 10% on average in 2019, an increase similar to that seen in 2018. HR professionals estimate there was a marginal drop in median pay increases from 10.5% in 2017 to 10% in 2018 across corporate India. Youngsters — in the right sectors —…
The countdown to save tax for the current financial year (FY) 2018-19 has begun. Ajit, in his mid-20s, has received a second reminder from the accounts department to submit proofs for investment declarations he had made earlier in the FY. In the absence, Ajit would see a higher TDS (tax deduction at source) in the…
The government now allows premature withdrawal from NPS or National Pension System under certain conditions. NPS subscribers are eligible for three partial withdrawals from the pension scheme, with each withdrawal not exceeding 25 per cent of the contributions made by him or her, Minister of State for Finance Shiv Pratap Shukla said in response to a question in…
State Bank of India (SBI) customers holding regular savings accounts with the lender are required to maintain a monthly average balance (MAB) to the tune of Rs. 1,000-3,000, according to bank’s corporate website- sbi.co.in. The monthly average balance, which is the average of end-of-day balances in the savings account in a month, varies depending on the location of the…
