Personal Finance News

Taxpayers receiving pension from ex employers eligible for Rs 40,000 standard deduction

Taxpayers receiving pension from ex employers eligible for Rs 40,000 standard deduction

Rs 40,000 standard deduction for salaried employees and pensioners was introduced in lieu of the exemption in respect of transport and medical expenses.

Apr 06, 2018, 13:13 PM IST
UIDAI unveils Virtual ID in beta form – Here's how VID for Aadhaar works

UIDAI unveils Virtual ID in beta form – Here's how VID for Aadhaar works

In the beta form, users can generate their Virtual ID and use it to update address in Aadhaar online for the time being.

Apr 06, 2018, 10:58 AM IST
ITR Filing for financial year 2017-18: Know your Income Tax slab

ITR Filing for financial year 2017-18: Know your Income Tax slab

The ITR this year is applicable for income earned between April 1, 2017 and March 31, 2018.

Apr 06, 2018, 09:57 AM IST
New ITR forms for 2018-19 notified by CBDT, some fields 'rationalised'

New ITR forms for 2018-19 notified by CBDT, some fields 'rationalised'

The policy-making body of the tax department said on Thursday that some fields have been "rationalised" in the latest ITRs forms.

Apr 05, 2018, 23:36 PM IST
Gratuity tenure likely to be reduced from five to three years

Gratuity tenure likely to be reduced from five to three years

The proposal to make amendments to the Payment of Gratuity Act of 1972 seeks to lower the five-year service period for gratuity eligibility to three years.

Apr 05, 2018, 14:22 PM IST
PM insurance scheme: Government rejects Insurers' demand for premium hike

PM insurance scheme: Government rejects Insurers' demand for premium hike

PM Narendra Modi had launched the PMJJBY and PMSBY in March 2015.

Apr 05, 2018, 13:44 PM IST
Registering mobile number with Aadhaar for first time? Here's what you need to know

Registering mobile number with Aadhaar for first time? Here's what you need to know

If your mobile number is registered in Aadhaar, you can update your mobile and email through online SSUP portal.

Apr 04, 2018, 10:48 AM IST
Jio Payments Bank Limited begins operations

Jio Payments Bank Limited begins operations

Reliance Industries Ltd was one of the 11 applicants which were issued in-principle approval for setting up a payments bank in August 2015.

Apr 04, 2018, 09:05 AM IST
Last day to file IT return today: Here’s what you need on your checklist

Last day to file IT return today: Here’s what you need on your checklist

With the fiscal year closing on Saturday - March 31, 2018, various tax related matters have to be completed by the end of the day. This is the last day of the current fiscal year, and if you have

Mar 31, 2018, 10:55 AM IST
Government notifies doubling of limit of tax-free gratuity to Rs 20 lakh

Government notifies doubling of limit of tax-free gratuity to Rs 20 lakh

The Payment of Gratuity Act, 1972 applies to establishments employing 10 or more persons.

Mar 30, 2018, 15:05 PM IST
10 key Income Tax rules will change from April 1 – All you should know

10 key Income Tax rules will change from April 1 – All you should know

Know how the change in Income Tax rules will impact you.

Mar 30, 2018, 08:39 AM IST
Know passbook information, pension credit date and more through new EPFO Pensioner’s Portal

Know passbook information, pension credit date and more through new EPFO Pensioner’s Portal

The retirement body has also launched enhanced Track eKYC facility for the convenience of members.

Mar 28, 2018, 12:52 PM IST
From revised ITR to LTCG, 5 major financial things to do before March 31

From revised ITR to LTCG, 5 major financial things to do before March 31

If you still have not completed the important tax-related tasks, now is the time to do it.

Mar 28, 2018, 10:52 AM IST
Revised ITR filing: Income Tax office to remain open this weekend

Revised ITR filing: Income Tax office to remain open this weekend

Income Tax Department has fixed March 31, 2018 as the last date to file tax returns for AY 2016-2017 and 2017-2018.

Mar 27, 2018, 12:43 PM IST
Petrol, diesel price on 27th March 2018: Check out rates here city-wise

Petrol, diesel price on 27th March 2018: Check out rates here city-wise

Under the dynamic pricing scheme, petrol and diesel prices are revised on a daily basis in sync with global crude oil prices.

Mar 27, 2018, 07:51 AM IST
7th Pay Commission: Parliament passes Bill to double tax-free gratuity to Rs 20 lakh

7th Pay Commission: Parliament passes Bill to double tax-free gratuity to Rs 20 lakh

The legislation will enable the government to enhance the ceiling of tax free gratuity to Rs 20 lakh from the existing Rs 10 lakh for employees falling under the Payment of Gratuity Act.

Mar 22, 2018, 13:22 PM IST
ITR not filed for 2 years? Know how to file belated ITR, penalty, deadline and more

ITR not filed for 2 years? Know how to file belated ITR, penalty, deadline and more

Income Tax Department has fixed March 31, 2018 as the last date to file tax returns for AY 2016-2017 and 2017-2018.

Mar 22, 2018, 07:40 AM IST
Centre seeks SC nod for PowerPoint presentation on Aadhaar

Centre seeks SC nod for PowerPoint presentation on Aadhaar

The court has extended the March 31 deadline for linking of Aadhaar to avail various services and welfare schemes run by the government until it delivers its verdict on the validity of the 12-digit

Mar 21, 2018, 13:30 PM IST
You may have to update your cheque book soon. Here's why

You may have to update your cheque book soon. Here's why

State Bank of India said on Tuesday that customers of erstwhile associate banks and those of Bharatiya Mahila Bank (BMB) will have to update their cheque books on or before March 31. These five

Mar 20, 2018, 22:26 PM IST
7th Pay Commission: Modi govt says no salary hike in minimum pay

7th Pay Commission: Modi govt says no salary hike in minimum pay

MoS for Finance P Radhakrishnan said the government was not considering a hike in minimum pay and fitment factor beyond the recommendations of the 7th Pay Commission.

Mar 19, 2018, 22:26 PM IST

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