The government has done away with the 1 percent tax on cash payments of over Rs 2 lakh for purchase of any goods or service after it banned cash dealings above that limit from April 1.
Financial services company Tata Capital on Thursday launched a mobile app to extend its personal loans offering to young and mobile savvy audience.
The government has proposed to make Aadhaar card mandatory for filing income tax return and also for applying for PAN from July 1, 2017.
Continuing with government steps to clamp down on black money, Finance Minister Arun Jaitley on Tuesday proposed a cap of Rs 2 lakh on cash transactions, down from Rs 3 lakh as proposed in the Budget.
Digital payment facilitator Paytm on Tuesday announced an insurance cover to protect the money stored in Paytm Wallets.
Retirement body EPFO had over Rs 9,700 crore to be paid as interest to subscribers by March 2016, the government said in Parliament on Monday.
In a major relief for government employees, Ministry of Personnel, Public Grievances and Pensions has announced several relaxations in General Provident Fund Rules, with liberalization and simplification, particularly relating to advances and withdrawals by the subscriber/ employee.
There is no proposal to replace income tax with the banking cash transaction tax, Parliament was informed on Friday.
The Rs 2,000 banknotes were introduced along with new Rs 500 currency following the withdrawal of old Rs 500 and Rs 1,000 notes from November 9, 2016.
Government will amend EPF scheme to enable around 4 crore members of retirement fund body EPFO to withdraw up to 90 percent of their fund for making down payments while buying homes.
The Union Cabinet on Wednesday cleared a proposal to increase dearness allowance and dearness relief by 2 percent to 4 percent, which will potentially benefit over one crore central government employees and pensioners.
Government will amend EPF scheme to enable around 4 crore members of retirement fund body EPFO to withdraw up to 90 percent of their fund for making down payments while buying homes, Parliament was informed on Wednesday.
The proposed amendment is being brought to bring the maximum ceiling amount to Rs 20 lakh in line with the 7th Central Pay Commission's recommendations as accepted by the government.
While the effective rate of indirect taxes under the new Goods and Services Tax (GST) regime still remains unclear, as fitment in tax slabs is under way, the Central Board of Excise and Customs (CBEC) has said that taxes were likely to "increase a bit" from the current level.
All limits on savings bank cash withdrawals post-demonetisation ended on Monday, as had been announced by the Reserve Bank of India (RBI) last month.
The I-T department has developed a mobile app for paying taxes and tracking refunds and is considering issuing PANs on real time basis using Aadhaar biometric.
Banks will be closed for three consecutive days from March 11 to March 13.
Paytm has withdrawn the 2 percent fee on adding money to mobile wallets using credit cards, a merely two days after introducing the levy.
Insurance companies may offer discounts to customers if their policies are sold through e-commerce websites, Irdai said Thursday.
The pensions fund regulator PFRDA wants government to more than treble investment levels in equity markets by government subscribers under the National Pension System (NPS) up to 50 percent from 15 percent now.