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Non-Filers Asked To Submit Income Tax Returns Within 21 Days
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…
5 big benefits for salaried to make Provident Fund management easier
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,…
Good news on salary front: India Inc pay packages seen rising 10% this year
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 —…
ULIP: A tax saving gift that keeps on giving
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…
National Pension System (NPS) Partial Withdrawal: 5 Things To Know
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…
SBI Minimum Balance Rules, Penalty Charges For Insufficient Balance
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…
How to avoid TDS on bank fixed deposits
Here’s what you can do Fixed deposit (FD) is a financial instrument provided by banks or Non-Banking Financial Companies (NBFCs) on deposit of a lump sum amount at an agreed rate of interest and for a fixed period. FD investments provide a higher rate of interest compared to a savings account. However, withdrawal of the FD…
Reliance Jio Happy New Year Offer Gives ‘100 Percent Cashback’ on Rs. 399 Recharge
Reliance Jio on Friday announced the ‘Jio Happy New Year Offer’ to offer customers with a 100 percent cashback on the recharge of Rs. 399. The new offer, which will last until January 31, 2019, comes in partnership with fashion portal Ajio. Thus, the cashback comes in the form of an Ajio coupon worth Rs….
Reliance Jio GigaFiber Preview offers free 100GB Monthly data at 100 Mbps for 3 months
Apply Now link at the end of the post. Reliance Jio introduced its JioGigaFiber broadband service in India six months ago, initial registration to which started in August. The telecom operator is now offering data benefits through its JioGigaFiber Preview offer on its website, thus providing users the option to avail high-speed data connection for three…
5 Post Office saving schemes to invest in for better Income-Tax benefits
The small saving schemes offered by post office should be on every investor’s radar for the purpose of investing your money amid saving your taxes. Money does not grow until it is invested. But what’s better, when you can also get income tax benefits on your investment! There are many products available in the market that…