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Debit card payments: RBI proposes to drastically cut MDR charges Debit card payments: RBI proposes to drastically cut MDR charges

The RBI on Thursday proposed to drastically cut MDR charges on debit card payments.

 

PNB Housing offers EMI step up plan for self-employed loanees PNB Housing offers EMI step up plan for self-employed loanees

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.

Debit card transactions: RBI to reimburse banks MDR charges effective January 1 Debit card transactions: RBI to reimburse banks MDR charges effective January 1

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.

Demonetisation impact: Nine lakh accounts under Operation Clean Money 'doubtful' Demonetisation impact: Nine lakh accounts under Operation Clean Money 'doubtful'

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.

 

Currency in surplus, ATMs being monitored daily: Jaitley Currency in surplus, ATMs being monitored daily: Jaitley

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.

NPS private subscriptions grew 60% till January: PFRDA

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.

Know how you can get PAN within minutes, pay taxes via mobile app Know how you can get PAN within minutes, pay taxes via mobile app

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.

Online I-T grievance redressal facility launched at 60 offices Online I-T grievance redressal facility launched at 60 offices

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.

Soon you will receive PAN in few minutes, pay income tax using smartphone Soon you will receive PAN in few minutes, pay income tax using smartphone

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 Min, FinMin agree on 8.65% EPF interest: Dattatreya Labour Min, FinMin agree on 8.65% EPF interest: Dattatreya

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.

 

FAQ on taxation of allowances, salary arrears paid to employees FAQ on taxation of allowances, salary arrears paid to employees

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.

Govt allocates Rs 500 cr to India Post Payments Bank Govt allocates Rs 500 cr to India Post Payments Bank

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.

Operation Clean Money: Over 5.27 lakh taxpayers respond to I-T dept query on cash deposits Operation Clean Money: Over 5.27 lakh taxpayers respond to I-T dept query on cash deposits

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.

I-T dept issues 1.62 crore refunds worth Rs 1.42 lakh crore I-T dept issues 1.62 crore refunds worth Rs 1.42 lakh crore

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 launches fixed income fund

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.

NSDL to drastically reduce charges under NPS from April 1 NSDL to drastically reduce charges under NPS from April 1

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.

Government employees to face disciplinary action for misusing LTC Government employees to face disciplinary action for misusing LTC

Central government employees found misusing Leave Travel Concession (LTC) will face disciplinary action, the Department of Personnel and Training (DoPT) has warned.

Online fraudsters shift tactics to target Indians Online fraudsters shift tactics to target Indians

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!

Banks rush to buy cyber security cover as digital payments rise Banks rush to buy cyber security cover as digital payments rise

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.

Reply date for I-T queries on deposits extended till Feb 15 Reply date for I-T queries on deposits extended till Feb 15

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.