Personal Finance News

Government's contribution under NPS to be raised to 14% from 10%, entire 60% of withdrawals to be tax-free

Government's contribution under NPS to be raised to 14% from 10%, entire 60% of withdrawals to be tax-free

Contribution by the government employees under Tier-II of NPS will now be covered under Section 80 C for deduction up to Rs. 1.50 lakh

Dec 10, 2018, 15:40 PM IST
Interest on home, auto, MSE loans to be linked to new benchmarks from April 1

Interest on home, auto, MSE loans to be linked to new benchmarks from April 1

The final guidelines to link the interest rate to external benchmarks will be issued by the end of this month.

Dec 06, 2018, 09:57 AM IST
Panel to redraft I-T Act to focus on removing ambiguities, unlikely to suggest rate changes

Panel to redraft I-T Act to focus on removing ambiguities, unlikely to suggest rate changes

The task force was set up by the finance ministry in November last. Arbind Modi was made the convenor of the panel and he retired on September 30.

Dec 05, 2018, 13:29 PM IST
Proposal for doubling minimum pension to Rs 2,000 sent to finance ministry: Gangwar

Proposal for doubling minimum pension to Rs 2,000 sent to finance ministry: Gangwar

The retirement body has also extended the term of 5 fund managers and its consultant Crisil till March 31, 2019.

Dec 04, 2018, 18:12 PM IST
Tech snag has HDFC Bank pulling out its new mobile baking app

Tech snag has HDFC Bank pulling out its new mobile baking app

As an alternative, HDFC Bank said the affected customers will be able to use the old app from 1700 hrs Tuesday.

Dec 04, 2018, 17:50 PM IST
ITR filing up 50% so far this year: CBDT chairman

ITR filing up 50% so far this year: CBDT chairman

The CBDT chief noted that so far the department has given 2.27 crore refunds, which is 50 per cent higher than last year.

Dec 04, 2018, 15:38 PM IST
ICICI securities launches e-ATM for retail investors

ICICI securities launches e-ATM for retail investors

The ICICI direct account almost becomes like ATM where clients can sell and within 30 minutes walk into any ATM and withdraw cash.

Dec 03, 2018, 14:10 PM IST
Last day to link your mobile number with SBI a/c today, else internet banking will be blocked

Last day to link your mobile number with SBI a/c today, else internet banking will be blocked

RBI has mandated that banks must ask their customers to mandatorily register for SMS alerts for electronic banking transactions.

Nov 30, 2018, 09:52 AM IST
CBDT allows taxman to widen certain 'limited scrutiny' cases; orders no roving enquiries

CBDT allows taxman to widen certain 'limited scrutiny' cases; orders no roving enquiries

The CBDT has said that it only picks less than 1 percent cases, out of the total returns filed, for scrutiny every year.

Nov 29, 2018, 17:27 PM IST
IndusInd Bank launches  battery-powered interactive credit card with buttons

IndusInd Bank launches battery-powered interactive credit card with buttons

This Card has been created in partnership with Dynamics Inc.

Nov 29, 2018, 12:06 PM IST
SBI hikes fixed deposit rates on select maturities

SBI hikes fixed deposit rates on select maturities

The revised FD rates apply for amount less than Rs 1 crore.

Nov 28, 2018, 14:18 PM IST
Soon, encash local and outstation bearer cheque via ATM within minutes

Soon, encash local and outstation bearer cheque via ATM within minutes

The ATM cash-dispenser will be available 24*7 for consumers.

Nov 27, 2018, 18:19 PM IST
HDFC Bank launches new mobile banking app

HDFC Bank launches new mobile banking app

It has simple, intuitive navigation and incorporates features such as biometric log in for enhanced security and access.

Nov 27, 2018, 15:47 PM IST
Panel to overhaul, simplify Direct Tax laws to submit report by February 28

Panel to overhaul, simplify Direct Tax laws to submit report by February 28

The ministry had in November last year set up a 6 member task force tob rewrite the over 50 year old Income Tax laws.

Nov 27, 2018, 11:01 AM IST
New PAN card rules to come into effect from 5 December: All you need to know

New PAN card rules to come into effect from 5 December: All you need to know

PAN cards are required for a lot of activities like opening of a bank account and as identity proof.

Nov 26, 2018, 10:38 AM IST
Reasons why 50% ATMs may shut down by March 2019

Reasons why 50% ATMs may shut down by March 2019

A majority of the ATMs which can be shut down will be in the non-urban areas.

Nov 22, 2018, 10:47 AM IST
PFRDA conducts valuation to weigh up doubling of pension limit to 10K

PFRDA conducts valuation to weigh up doubling of pension limit to 10K

A proposal was made in the past to raise the pension under APY to double the limit from the existing slab of up to Rs 5,000.

Nov 20, 2018, 10:38 AM IST
Sushmita Sen not liable to pay tax on compensation by soft drink firm in sexual harassment case

Sushmita Sen not liable to pay tax on compensation by soft drink firm in sexual harassment case

The bench said that Commissioner of Income Tax has erred, in law and facts and circumstances of the case in considering the Capital receipt of Rs 95,00,000 as income liable to tax.

Nov 19, 2018, 15:34 PM IST
ICICI Bank hikes retail term deposit rates on select maturities

ICICI Bank hikes retail term deposit rates on select maturities

The hikes are effective Thursday.

Nov 14, 2018, 17:31 PM IST
Government likely to reduce employee's Gratuity tenure from five to three years

Government likely to reduce employee's Gratuity tenure from five to three years

Sources also said that workers hired under fixed-term contracts will also be entitled to gratuity.

Nov 12, 2018, 13:52 PM IST