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Attention! Update KYC before January 1 otherwise banks may freeze your account

Attention! Update KYC before January 1 otherwise banks may freeze your account

Failure to comply with the order may allow the banks to freeze those accounts for which KYC details have not been updated.

Oct 10, 2019, 12:15 PM IST
Rate of interest on EPF increased to 8.65% for financial year 2018-19

Rate of interest on EPF increased to 8.65% for financial year 2018-19

It may be recalled that 8.65 per cent interest rate for the last fiscal was approved by the Central Board of Trustees (CBDT) on February 21, 2019.

Oct 09, 2019, 16:30 PM IST
Relief for taxpayers as Centre launches faceless e-assessment scheme

Relief for taxpayers as Centre launches faceless e-assessment scheme

he headquarter of e-assessment centre will be in Delhi, while Mumbai, Kolkata, Hyderabad, Chennai, Pune, Ahmedabad and Bengaluru will have regional e-assessment centres.

Oct 07, 2019, 22:01 PM IST
Deadline for linking PAN-Aadhaar extended from September 30 to December 31

Deadline for linking PAN-Aadhaar extended from September 30 to December 31

In a major relief for taxpayers, the deadline to link PAN card and Aadhaar has been extended from September 30 to December 31, a notification issued by Ministry of Finance said on Saturday.

Sep 28, 2019, 19:55 PM IST
CBDT extends deadline for filing of ITRs and TARs for special cases requiring audits till October 31

CBDT extends deadline for filing of ITRs and TARs for special cases requiring audits till October 31

The due date has been extended by the CBDT in respect of persons whose accounts are required to be audited.

Sep 26, 2019, 23:11 PM IST
Finance Ministry approves proposal to raise EPF interest rate to 8.65% for 2018-19

Finance Ministry approves proposal to raise EPF interest rate to 8.65% for 2018-19

 It may be recalled that 8.65 per cent interest rate for the last fiscal was approved by the Central Board of Trustees - the top decision-making body of the EPFO - on February 21, 2019.

Sep 24, 2019, 18:40 PM IST
Soon, PF subscribers to get option to invest money in stock market through NPS

Soon, PF subscribers to get option to invest money in stock market through NPS

It is to be noted that the NPS is mandatory for all government employees who have joined service after January 1, 2004.

Sep 24, 2019, 18:22 PM IST
All SBI floating rate loans to be linked to repo rate from October 1

All SBI floating rate loans to be linked to repo rate from October 1

State Bank of India had introduced floating rate home loans effective July 1, 2019.

Sep 23, 2019, 12:07 PM IST
6.5 crore EPFO members to get 8.65% interest on deposits for 2018-19

6.5 crore EPFO members to get 8.65% interest on deposits for 2018-19

The Central Board of Trustees, highest decision-making body of the EPFO, had in February approved 8.65% interest rate for the last fiscal.

Sep 17, 2019, 14:30 PM IST
I-Tax Department to not send notices directly to tax payers; e-assessment centre formed to do so

I-Tax Department to not send notices directly to tax payers; e-assessment centre formed to do so

The government has framed an E-Assessment Scheme under which a National e-assessment centre will be formed which will send the notice to taxpayers.

Sep 13, 2019, 13:45 PM IST
PM Narendra Modi launches national pension scheme for small traders, self employed persons

PM Narendra Modi launches national pension scheme for small traders, self employed persons

It is a voluntary and contributory pension scheme for entry age of 18 to 40 years with a provision for minimum assured pension of Rs 3,000 monthly on attaining the age of 60 years.

Sep 12, 2019, 15:29 PM IST
State Bank of India cuts FD, home loan interest rates across all tenors

State Bank of India cuts FD, home loan interest rates across all tenors

The 1 year MCLR would come down to 8.15 percent p.a from 8.25 percent p.a. with effect from September 10, 2019.

Sep 09, 2019, 11:05 AM IST
External benchmark for floating rate loans from October 1

External benchmark for floating rate loans from October 1

The Reserve Bank of India has been long examining the feasibility of mandating the use of external benchmark for determining interest rate on floating rate loans.

Sep 05, 2019, 13:10 PM IST
Aadhaar holders to automatically receive PAN from I-T Dept

Aadhaar holders to automatically receive PAN from I-T Dept

CBDT said that I-T department will obtain demographic information of an individual from the Unique Identification Authority of India (UIDAI) for allotment of PAN.

Sep 02, 2019, 16:31 PM IST
Missed filing ITR? Don't worry, here are the options

Missed filing ITR? Don't worry, here are the options

This year, taxpayers are required to submit the returns for the 2018-19 financial year and the assessment year would be 2019-20.

Sep 02, 2019, 15:39 PM IST
e-filing of ITRs reach high record, over 49 lakh ITRs filed in a single day

e-filing of ITRs reach high record, over 49 lakh ITRs filed in a single day

The Income Tax department has made a quantum jump in the e-filing of Income–Tax Returns (ITRs) with an all time high record of tax filing in a single day.

Sep 02, 2019, 15:19 PM IST
IDBI Bank introduces repo linked Suvidha Plus home loan and auto loan

IDBI Bank introduces repo linked Suvidha Plus home loan and auto loan

The Suvidha Plus Home Loan and Suvidha Plus Auto Loan products will be offered to new customers having good credit score and minimum income of Rs. 6 lakh per annum.

Aug 30, 2019, 13:10 PM IST
Soon, OTP authentication for ATM cash withdrawals above Rs 10,000

Soon, OTP authentication for ATM cash withdrawals above Rs 10,000

Canara Bank has already begun the process of seeking OTP for ATM transactions carried out above Rs 10,000

Aug 27, 2019, 18:13 PM IST
Deadline for filing ITR FY 2018-19 nears: Here's what you need to do

Deadline for filing ITR FY 2018-19 nears: Here's what you need to do

This year, taxpayers are required to submit the returns for the 2018-19 financial year and the assessment year would be 2019-20.

Aug 27, 2019, 11:27 AM IST
EPF trust approves restoration of commuted value of pension to pensioners after 15 years

EPF trust approves restoration of commuted value of pension to pensioners after 15 years

This was a long pending demand of the pensioners and will benefit approximately 6.3 lakhs pensioners.

Aug 22, 2019, 16:15 PM IST