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GST impact: Customers enjoy upto 60% discount as retailers get busy clearing stocks GST impact: Customers enjoy upto 60% discount as retailers get busy clearing stocks

With less than 10 days to go for the biggest indirect tax reform to take effect, retailers are rushing to clear their stocks by offering huge discounts ranging from around 30 percent to 60 percent.

GST effect: AC, first class train fares to go up GST effect: AC, first class train fares to go up

With the Goods and Services Tax (GST) coming into effect from July 1, train passengers will have to pay a bit more to travel AC and first class.

GST: Credit card bill, insurance premium to get costlier GST: Credit card bill, insurance premium to get costlier

Credit card providers, banks and insurers have started alerting their customers to pay higher tax post implementation of Goods and Services Tax (GST) from July 1.

Online banking security incidents come with $1.8 mn price tag for banks Online banking security incidents come with $1.8 mn price tag for banks

The crippling financial implications of online banking security incidents have been brought to light by the latest Kaspersky Lab report into cyber security threats in the financial sector.

PFRDA to update contact details of NPS subscribers PFRDA to update contact details of NPS subscribers

Pension fund regulator PFRDA will update latest contact details of National Pension System (NPS) subscribers to reduce grievances during its service fortnight starting June 27.

7th Pay Commission: Cabinet to take final call on HRA, allowances today, will govt employees get arrears for 17 months? 7th Pay Commission: Cabinet to take final call on HRA, allowances today, will govt employees get arrears for 17 months?

The meeting, which is scheduled to take place this evening is likely to focus on recommendations of the Lavasa Panel.

7th Pay Commission: Cabinet to take final call on HRA, allowances on June 28; will govt employees get arrears for 17 months? 7th Pay Commission: Cabinet to take final call on HRA, allowances on June 28; will govt employees get arrears for 17 months?

The Narendra Modi Cabinet is likely to put an end to year-long wait of central government employees for allowances, including HRA (House Rent Allowance) by taking final call on the proposal in its next meeting on June 28.

Know how to link Aadhaar number with your bank account – Detailed explanation here Know how to link Aadhaar number with your bank account – Detailed explanation here

Here is how you can link your Aadhaar number with your bank account.

Axis Bank cuts MCLR for short-term loans by up to 0.10% Axis Bank cuts MCLR for short-term loans by up to 0.10%

For overnight and one-month lending, the MCLRs are cut by 0.10 percent each to 7.80 percent (each).

Now Aadhaar mandatory for opening bank A/c, financial transactions above Rs 50,000 Now Aadhaar mandatory for opening bank A/c, financial transactions above Rs 50,000

All existing account holders have also been asked to submit Aadhaar to banks by December 31, 2017, failing which accounts will become invalid.

7th Pay Commission: Final decision on allowances, arrears next week; will government retain existing rates of HRA 7th Pay Commission: Final decision on allowances, arrears next week; will government retain existing rates of HRA

The Narendra Modi Cabinet is likely to put an end to year-long wait of central government employees for allowances including HRA by taking final call on the proposal in its next meeting next week.

 

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.