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7th Pay Commission: Final decision on allowances soon; will govt employees get maximum HRA hike of up to 178 percent? 7th Pay Commission: Final decision on allowances soon; will govt employees get maximum HRA hike of up to 178 percent?

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.

 

Private PF trusts can't invest funds in own entities: EPFO Private PF trusts can't invest funds in own entities: EPFO

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.

All India ITR launches income tax e-filing app All India ITR launches income tax e-filing app

All India ITR (www.allindiaitr.com), a government authorised e-filing website, on Tuesday launched a mobile application to make the process of income tax e-filing simple.

 

Aadhaar must to avail govt co-contribution under Atal Pension Yojna Aadhaar must to avail govt co-contribution under Atal Pension Yojna

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.

7th Pay Commission: Final decision on allowances today; govt employees may suffer monthly HRA loss of up to Rs 15,000 7th Pay Commission: Final decision on allowances today; govt employees may suffer monthly HRA loss of up to Rs 15,000

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.

EPFO to invest Rs 22,500 crore in ETFs this fiscal EPFO to invest Rs 22,500 crore in ETFs this fiscal

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.

10.52 lakh bogus PAN cards can't be termed miniscule number to harm economy: SC 10.52 lakh bogus PAN cards can't be termed miniscule number to harm economy: SC

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.

I-T's just a click away; tax scrutiny reply set to get easier I-T's just a click away; tax scrutiny reply set to get easier

Replying to income tax scrutiny notices with supporting documents will soon be just a click away.

Aadhaar must for ITR filing, new PAN from July 1: CBDT Aadhaar must for ITR filing, new PAN from July 1: CBDT

If the PAN is cancelled, then a person cannot do his normal banking and financial operations and hence this relief is given.

7th Pay Commission: Central govt employees to get revised allowance from July 7th Pay Commission: Central govt employees to get revised allowance from July

Government will start disbursing revised allowances including house rent (HRA) allowance under 7th Pay Commission from July.

Sovereign gold bonds worth Rs 5,400 crore issued so far: RBI Sovereign gold bonds worth Rs 5,400 crore issued so far: RBI

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.

SBI reduces home loan interest rates by 0.10% for above Rs 75 lakh SBI reduces home loan interest rates by 0.10% for above Rs 75 lakh

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.

DECODED! SC order on law making Aadhaar mandatory for PAN, ITR filing DECODED! SC order on law making Aadhaar mandatory for PAN, ITR filing

PAN card without Aadhaar number would not be treated invalid till the Constitution bench decides the larger issue of Right to Privacy.

SC upholds law making Aadhaar mandataory for PAN, ITR but exempts those without it for now SC upholds law making Aadhaar mandataory for PAN, ITR but exempts those without it for now

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.

Online banking to kill physical banks in 5-6 years: Amitabh Kant Online banking to kill physical banks in 5-6 years: Amitabh Kant

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.

Aadhaar mandatory for PAN cards: SC verdict tomorrow Aadhaar mandatory for PAN cards: SC verdict tomorrow

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.

 

7th Pay Commission: Cabinet likely to approve higher HRA, allowances today 7th Pay Commission: Cabinet likely to approve higher HRA, allowances today

The Empowered Committee of Secretaries (E-CoS) last Friday placed its final report on allowance before the Cabinet,

7th Pay Commission: Will Modi Cabinet hike govt employees' monthly HRA by up to Rs 48,000 this week? 7th Pay Commission: Will Modi Cabinet hike govt employees' monthly HRA by up to Rs 48,000 this week?

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.

Want to multiply your savings? These 5 Secrets of EPF can help you boost your savings Want to multiply your savings? These 5 Secrets of EPF can help you boost your savings

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 warns against cash dealings of Rs 2 lakh, seeks tip-off Income Tax department warns against cash dealings of Rs 2 lakh, seeks tip-off

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.