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Service consumed in June, billed in July to attract GST Service consumed in June, billed in July to attract GST

Goods and Services Tax (GST) has been rolled out from July 1, and most of the services attract a higher tax slab of 18 percent compared to around 15 percent service tax charged earlier.

Print label details of pre-packed food in big size:Govt to cos

At present, the declarations on the label are printed in such small fonts that consumers have complained to the government and even made representation to address the issue.

7th Pay Commission: Revised allowances from July, Finance Ministry tells ministries

In a bonanza to central government employees, the Union Cabinet had last month approved recommendations of the CPC with 34 modifications, which will mean an additional annual burden of Rs 30,748 crore on the exchequer.

 

7th Pay Commission: List of 197 allowances modified, abolished or retained 7th Pay Commission: List of 197 allowances modified, abolished or retained

Here is the complete list of 197 allowances modified, abolished or retained as per the gazzeted notification dated July 6, 2017.

7th Pay Commission: List of 34 allowances approved by the government with modifications 7th Pay Commission: List of 34 allowances approved by the government with modifications

Here is the list of allowances recommended by the Seventh Central Pay Commission (7 th CPC) along with modifications as approved by the central government.

7th Pay Commission: Allowance for troops in Siachen, Naxal areas more than doubles 7th Pay Commission: Allowance for troops in Siachen, Naxal areas more than doubles

The government has more than doubled risk and hardship allowance for armymen in Siachen and hiked the same for security forces deployed for counter insurgency operations and in Naxal-hit areas.

Know who all are exempt from compulsory linking of Aadhaar with PAN card Know who all are exempt from compulsory linking of Aadhaar with PAN card

These categories of individuals are exempted from mandatory linking of PAN with Aadhaar card.

7th Pay Commission: Govt notifies higher allowances, HRA; effective from July 1 7th Pay Commission: Govt notifies higher allowances, HRA; effective from July 1

All allowances given under 7th Pay Commission recommendation will be effective from 1st July 2017.

Railways to offer options on senior citizen fare concession Railways to offer options on senior citizen fare concession

Now senior citizens will have the option to avail either the full concession provided to them on rail tickets or half of it.

EPFO likely to announce PF rate for FY18 next month EPFO likely to announce PF rate for FY18 next month

Retirement fund body EPFO is likely to announce the interest rate on PF deposits for this fiscal at its trustee meeting slated for next month.

 

7th Pay Commission: Maximum HRA hiked from Rs 27,000 to Rs 60,000 for now, to be raised to Rs 75,000 when DA crosses 50% 7th Pay Commission: Maximum HRA hiked from Rs 27,000 to Rs 60,000 for now, to be raised to Rs 75,000 when DA crosses 50%

For the central government employees belonging to highest level in the pay matrix, HRA has been increased from Rs 27,000 to Rs 60,000, meaning a hike of 122 percent. However, the HRA for these employees will be revised upwards to Rs 67,500, and Rs 75,000 when DA crosses 25% and 50% respectively.

Aadhaar gets praise at global forum for financial inclusion Aadhaar gets praise at global forum for financial inclusion

As the world debates use of big data and analytics to improve financial inclusion, India's Aadhaar system has come in for praise by a global body on financial reforms for expanding banking reach and lesser use of cash.

Will the new Rs 200 notes come with these security features? Will the new Rs 200 notes come with these security features?

The new notes of Rs 200 is expected to be out before the end of 2017.

EPFO ties up with 5 banks to collect PF dues EPFO ties up with 5 banks to collect PF dues

Retirement fund body EPFO on Wednesday inked pacts with five banks for collections of PF dues and to make payments of PF withdrawals, pension and insurance.

EPFO to now invest Rs 3K crore in AA+ rated corporate bonds EPFO to now invest Rs 3K crore in AA+ rated corporate bonds

Retirement fund body EPFO has decided to invest in corporate bonds in the AA+ investment grade, a notch lower than the earlier norm of AAA, a move that will help it park around Rs 3,000 crore per annum in such securities.

Axis Bank launches super bikes loans; to fund 95% of costs Axis Bank launches super bikes loans; to fund 95% of costs

The loans, which are for motorcycles with an engine displacement of over 500 cubic centimetres (cc), will come at a price tag of 10-11 percent per annum.

New Rs 200 notes not to be dispensed through ATMs? New Rs 200 notes not to be dispensed through ATMs?

The new notes will rather be circulated via bank branches like that in the case of Rs 10, Rs 20 and Rs 50 currency notes.

Failed to exchange demonetised notes? You might get another chance in 15 days Failed to exchange demonetised notes? You might get another chance in 15 days

An SC bench has once again ignited the hope among many people for opening up of a window to exchange demonetised currency for those who could not do so by December 30, 2016 or by March 31.

Truth or Myth: 'Payments made by credit card to attract double GST' - reality check! Truth or Myth: 'Payments made by credit card to attract double GST' - reality check!

One of the latest rumours doing rounds is on messaging app WhatsApp. It says that GST will be levied twice if utility bills for services such as telephone, mobile, gas, electricity are paid through credit cards.

Credit card bill payment exempt from cash dealing limit of Rs 2 lakh Credit card bill payment exempt from cash dealing limit of Rs 2 lakh

Restrictions on cash dealings of Rs 2 lakh or more will not apply to credit card bill payments, business correspondents appointed by banks and issuers of prepaid instruments, the revenue department has said.