The RBI on Thursday proposed to drastically cut MDR charges on debit card payments.
PNB Housing Finance' self-employed customers, who have taken loan of Rs 50 lakh and above, can now opt to pay lower repayments initially and step it up gradually as income increases.
The Reserve Bank will start reimbursing MDR charges to banks for payments made since January 1 through debit cards by citizens, in line with the government's move to further digital solutions.
Nearly half of the 18 lakh people under the I-T scanner for suspicious bank deposits post cash ban have been put in the 'doubtful' category, but action against them will follow only after the new tax amnesty scheme ends on March 31.
Finance Minister Arun Jaitley on Wednesday said the currency is in surplus and the ministry is monitoring status of ATMs onm a daily basis to sort out operational issues.
The Pension Fund Regulatory and Development Authority (PFRDA) on Wednesday said the number of private sector subscribers of New Pension Scheme (NPS) saw a 60 percent increase during the April 2016 to January 2017 period due to exemptions provided in the earlier Budget.
People will soon be able to pay taxes and track their returns through a smartphone app and get a new PAN within minutes using Aadhaar verification.
After launching the ambitious e-nivaran facility for online redressal of taxpayers' grievances, the Income Tax Department has now opened these windows at its 60 special offices across the country.
In the latest addition to the list of measures taken by the government to make filing of taxes easy for the taxpayers, the Central Board of Direct Taxes (CBDT) is working on a plan to issue PAN in just few minutes using Aadhaar's e-KYC facility.
Labour Minister Bandaru Dattatreya on Tuesday said 8.65 percent interest rate on EPF deposits for this fiscal will soon be ratified by the Finance Ministry and there is no difference of opinion on the issue.
Allowances are payments paid to employees paid in specific intervals, apart from salary, for the purpose of meeting some particular expenditure, eg. Leave travel allowance, transport allowance, uniform allowance, etc. There are some allowances that are taxed, while some are non- taxable allowances.
Government has allocated Rs 500 crore to India Post Payments Bank for financial year 2017-18 as it gears up to set up 650 branches across country by September 2017.
Out of the 7.41 lakh accounts confirmed by the 5.27 Lakh taxpayers, the cash deposit amount has been confirmed in more than 99.5 percent accounts.
The income tax department has issued refunds to the tune of Rs 1.42 lakh crore so far this fiscal till February 10, 41.5 percent higher than last year's.
IDFC Asset Management Company on Monday launched an open-ended fixed income fund and hoped to mop-up revenue in the range of Rs 300 crore-500 crore from the scheme in the NFO period itself.
Under pressure from competition, NSDL e-Governance Infrastructure has decided to drastically cut maintenance and account opening charges for subscribers of the National Pension System (NPS) from April 1.
Central government employees found misusing Leave Travel Concession (LTC) will face disciplinary action, the Department of Personnel and Training (DoPT) has warned.
If you thought that phishing emails aiming to defraud you of your hard earned income only come as lottery and charity baits, then be alert!
At a time when cyber threats are on the rise for banks for increasing cashless transactions and effects of demonetization, insurers see rise in demand for cyber insurance and cyber liability insurance, in particular.
Government on Saturday extended the window for assessees receiving SMS or e-mail queries from the income tax department on cash deposits post demonetisation by 5 days to February 15.