Form 16 is one of the most important documents for filing income tax return (ITR), especially for salaried individuals. This is a TDS certificate that contains details of salary, allowances, and other benefits that are given to an employee by an employer during a financial year. Form 16 also mentions the tax that has been […]
Municipal 2023 Jobs Recruitment Notification of SR Posts
Surat Municipal Corporation 2023 Jobs Recruitment Notification. SMC inviting applications for the positions of Senior Resident. Interested and Eligible candidates can apply for the positions. Walkin Date is on 16th June, 2023. No.of Posts and Vacancies :- Senior Resident – 09 Posts Job Location – Surat Education Qualification : Qualified medical personnel possessing requisite medical […]
Public Provident Fund (PPF) vs Fixed Deposit (FD): Which is a better investment option and why
Public Provident Fund (PPF) vs Fixed Deposit (FD): Depending on a person’s unique financial status and investment objectives, both a fixed deposit (FD) and a public provident fund (PPF) can be excellent options for saving and investing. While FDs offer a fixed rate of interest for a predetermined amount of time, PPFs offer a variable […]
Income tax return (ITR) filing 2023: From PAN to the tax regime. Key things to check in Form 16
Salaried employees will receive Form 16 by tomorrow, 15 June. Form 16 plays a crucial role in filing an income tax return (ITR) as it provides a detailed description of the salary paid to the employee, deductions claimed by the employee, and the tax deducted at source (TDS) by the employer. Section 203 of the […]
How NRIs can transfer balance amount from provident fund
What are the restrictions on transferring the balance accumulated in an Employee Provident Fund (EPF) to an non-resident ordinary (NRO) account? My attempt to deposit my PF amount into my non-resident external (NRE) account was rejected by the bank. Also, one of the bank employees said it cannot be deposited in my NRO account either. […]
EDLI: How to make insurance claim under Employees’ Deposit Linked Insurance Scheme, documents needed
Employees’ Deposit Linked Insurance Scheme (EDLI) is intended specifically for salaried workers in the private sector offered by the EPFO. This system works in tandem with the EPF and the Employees’ Pension Scheme (EPS). If an accident occurs during the individual’s active service time, the nominee will get a lump-sum insurance pay-out. According to the […]
New bank locker rules: SBI asks customers to do this. Check details
New bank locker rules: The State Bank of India has asked its customers availing locker facilities to reach out to their branches, and implement the revised or supplementary locker agreement as applicable. “We request our esteemed customers to contact their locker holding branch and execute the revised/supplementary locker agreement as applicable,” SBI tweeted sharing the […]
Petrol, Diesel Fresh Prices Announced For June 14: Check Fuel Rates In Your City
Petrol and diesel prices were constant on Wednesday, June 14 across New Delhi, Kolkata, Mumbai, and Chennai. The petrol and diesel rates for each day, whether new or unchanged, are announced at 6 am on the day. These, however, vary from state to state due to value-added tax (VAT), freight charges, local taxes, etc. Today […]
How to file ITR-1 for FY 2022-23 with salary, income from house property and other sources
The due date to file income tax return (ITR) by individual taxpayers who are not subject to tax audit under the Income-tax Act,1961 for the FY 2022-23 (AY 2023-24) is July 31, 2023. This article explains the most efficient way to file the return in Form ITR-1, including illustrative examples for easy reference. Who can […]
PAN-Aadhaar deadline: When is the last date to link PAN-Aadhaar?
The deadline for linking PAN and Aadhaar was in order to provide taxpayers more time. The Central Board of Direct Taxes (CBDT) made the extension announcement via a press release dated March 28, 2023. When is the last date to link PAN-Aadhaar? The last date has been extended to June 30, 2023. PAN-Aadhaar linking fine […]