NPS Tax Relief Section: Section 80CCD of the Income Tax Act, 1961, allows deductions for contributions to pension schemes notified by the Central Government. This section primarily deals with the National Pension System (NPS) and Atal Pension Yojana (APY). Sections 80CCD(1) and 80CCD(1B) sections offer tax benefits for saving towards your retirement. You can claim […]
SBI Raises Rs 10,000 Crore More Via Infra Bond
SBI on Wednesday announced raising Rs 10,000 crore through the issuance of infrastructure bonds. The proceeds of bonds will be utilized in enhancing long-term resources for funding infrastructure and the affordable housing segment, SBI said in a statement. SBI Raises Rs 10,000 Crore The fresh funding follows a similar development around a fortnight back, when […]
Credit Card Payments: HDFC, Axis, Yes Bank Among 6 Lenders Seeking RBI Relaxation on Payments Via Cred, PhonePe
Six major banks, including HDFC Bank, Axis Bank, and Yes Bank, have not yet activated their Bharat Bill Payment System (BBPS) for receiving credit card bill payments via third-party apps like Cred, PhonePe, and Paytm, five days after the RBI’s June 30 deadline passed. According to industry insiders, banks are expecting a one-month relaxation from […]
ITR Filing: Why It Is Necessary to File Income Tax Return AY 2024-25 Well Before the Deadline?
Filing your income tax return (ITR) is not just a financial formality; it is a crucial responsibility for every taxpayer in India. As we approach the July 31, 2024, deadline to file the income tax return, it is essential to understand why filing your ITR well before the deadline can significantly benefit you. Here are […]
PPF, SCSS, SSY Interest Rate July-Sep 2024: Here’s How Much You Earn From Govt Savings Scheme
Various government-backed savings schemes are available through financial institutions nationwide, each with unique features such as tenure, eligibility criteria, deposit limits, and interest rates. Interest rates on small savings schemes like PPF, post office savings, term deposits, NSC, and SSY are reviewed quarterly and adjusted for the following quarter. These schemes, initiated by the government, […]
ITR Deadline, TDS, TCS Due Dates: Check Complete Tax Calendar For July 2024
Tax Calendar for July 2024: Tax planning is an essential part of financial management. In order to do better tax planning, meeting due dates is the most important task. For this, a tax calendar may come in handy for taxpayers to stay organised and compliant with tax requirements. Here are the tax due dates for […]
New EPF Rules: EPFO Revises Policy On Cheque Leaf, Bank Passbook Uploads, Deets Inside
In some cases, the Employees Provident Fund Organisation (EPFO) has relaxed claim settlement rules even more. According to a recent circular from the retirement fund authority, EPFO members would be excluded from the necessity to provide an image of a certified bank passbook or cheque leaf in specific situations. The EPFO uses additional verification measures […]
5 UPI Safety Tips For You To Ensure Protected Payments; Check Details Here
UPI stands for Unified Payments Interface. It’s a system developed in India that lets you transfer money between bank accounts using your smartphone. It’s kind of like a digital wallet, but it can be linked to multiple bank accounts and works across different apps. Before 2016, India utilised various systems for interbank money transfers, such […]
Does Aadhaar Card Become Invalid If Not Updated For 10 Years? UIDAI Answers
A piece of fake news went viral on social media claiming that the Aadhaar card would not work after June 14 if people had got their cards a decade ago and never updated them. As per reports, the Unique Identification Authority of India (UIDAI) has refuted these claims and clarified that this news is not […]
Top-5 Equity Funds Beating the Market: Check Growth MFs with Highest Yearly Returns
SIP mutual funds have been witnessing continuous growth, with more and more retail investors entering the market to raise their income. According to the latest Geojit report, mutual fund SIPs registered Rs 20,371 crore inflows in April, which is the 10th month of inflows above Rs 15,000 crore and 32nd month of inflows above Rs […]