If the government retains the exiting HRA rates (as per 6th Pay Commission) then the HRA component of central government employees will increase ranging between 157 percent and 178 percent.
Retirement fund body EPFO has asked its field offices to ensure that the firms running private PF trusts are not investing the accumulated provident funds of employees in their own arms and entities.
The finance ministry on Monday said subscribers of the Atal Pension Yojna (APY) will have to link their Aadhaar to their accounts for availing up to Rs 1,000 government's co-contribution.
As far as House Rent Allowance (HRA) is concerned, the central government employees may suffer a monthly loss of up to Rs 15,000, if the government accepts the bare recommendations of AK Mathur panel on allowances.
Retirement fund body EPFO will park about Rs 22,500 crore in the exchange traded funds this fiscal following the approval of its trustees to enhance investments in equity or equity linked schemes last month, a senior official has said.
As many as 10.52 lakh "bogus" PAN cards of individual income tax assesses, which is around 0.4 per cent of the total such documents, cannot be termed a "minuscule" number to harm the country's economy, the Supreme Court has said.
Replying to income tax scrutiny notices with supporting documents will soon be just a click away.
If the PAN is cancelled, then a person cannot do his normal banking and financial operations and hence this relief is given.
Government will start disbursing revised allowances including house rent (HRA) allowance under 7th Pay Commission from July.
Sovereign gold bonds (SGBs) worth Rs 5,400 crore have been issued in eight tranches till date, the Reserve Bank of India said on Friday.
The State Bank of India (SBI) on Friday announced reduction in home loan interest rates by 10 basis points (bps) for salaried women who take a loan of above Rs 75 lakh, effective from June 15.
PAN card without Aadhaar number would not be treated invalid till the Constitution bench decides the larger issue of Right to Privacy.
The Supreme Court on Friday upheld the validity of the law making Aadhaar mandatory for allotment of PAN and filing of Income Tax(IT) returns but exempted those without it for now until the larger privacy issue is decided.
Low cost Internet based transactions and business efficiency due to technology advancements are expected to kill physical banks in next 5-6 years, NITI Aayog CEO Amitabh Kant said on Thursday.
The Supreme Court will pronounce its judgement Friday on a batch of petitions challenging the constitutional validity of a provision in the Income Tax Act making Aadhaar mandatory for filing income tax returns and allotment of PAN.
The Empowered Committee of Secretaries (E-CoS) last Friday placed its final report on allowance before the Cabinet,
If the Union Cabinet retains the exiting House Rent Allowance rates (as per 6th Pay Commission) then the HRA component of central government employees will increase ranging between 157 percent and 178 percent.
Employee's Provident Fund (EPF) –the retirement benefit scheme available to all salaried employees is a very well-known investment option available them.
Income Tax department on Friday warned people against indulging in cash transaction of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty.