Chennai-based automobile engineer Prashanth Maruthur does not pay very high tax, but he can easily reduce it by half. TaxSpanner estimates that Maruthur can reduce his tax by almost 52% if his company offers some tax-free perks, if he opts for certain benefits in his pay, and invests in the NPS. As a first step, […]
ChatGPT faces first-ever monthly traffic decline shows shift in user preferences: Report
ChatGPT, the highly popular AI chatbot introduced in November, experienced a decline in its website’s monthly traffic and unique visitors for the first time in June, as reported by Similarweb, an analytics firm. Globally, the desktop and mobile traffic to the ChatGPT website witnessed a decrease of 9.7 per cent in June compared to May, […]
Best tax saving mutual funds or ELSS to invest in 2023
The Section 80C of the Income Tax Act allows tax deduction of up to Rs 1.5 lakh in a financial year on investments in a few specified instruments. In fact, most salary earners start saving or investing under Section 80C immediately after their first salary. If you are trying to save taxes in this financial […]
15 financial transactions that cannot be done by an individual with an inoperative PAN
The government created the Permanent Account Number (PAN) to enable easy retrieval of information and to enable matching of information relating to investments, loans, and other business activities of taxpayers collected through various sources, both internal and external, for detecting and combating tax evasion and expanding the tax base. As per section 139AA of the […]
Amazon Prime Day Sale US (2023): Best Early Prime Deals to Grab
Get ready to snag some incredible deals and discounts as Amazon US gears up for its highly anticipated Prime Day Sale, happening on the 11th and 12th of July. This annual event has become a shopping extravaganza, offering Prime members exclusive access to a wide range of products at unbeatable prices. During the Prime Day […]
ITR filing: Five income tax refund rules you should know
TR refund: Due date for income tax return (ITR) filing is 31st July 2023. Who is entitled to get a refund, what are the taxation rules of ITR? And how to claim your refund? In this article, I wish to discuss various aspects of income tax refund under the Income Tax Act. 1)When you are […]
PAN- Aadhaar linking: Here is how to check if your PAN is valid or invalid
Individuals and companies can check if the Permanent Account Number is valid or invalid. PAN can be verified online by filling out the core details mentioned in the PAN Card such as Name, Father’s Name and Date of Birth. This facility can be used by the entities who receive a copy of PAN application for […]
This is the first bank where investors can open Mahila Samman Savings account; check details
Bank of India is the first public sector bank to launch the Mahila Samman Savings Certificate, 2023. According to a press release from Bank of India, it is the first bank to operationalise this scheme at all its branches. Mahila Samman Savings Certificate was previously only available through post offices. The Department of Economic Affairs, […]
Missed PAN-Aadhaar linking deadline? Now pay higher TDS on dividend income
The deadline to link PAN with Aadhaar was June 30, 2023. If PAN is not linked with Aadhaar, PAN will become inoperative from July 1, 2023, according to the CBDT notification dated March 28, 2023. There are many disadvantages if PAN becomes inoperative. One of them is you have to pay higher TDS on dividend […]
Petrol, diesel prices on July 5: Check latest rates in your city
Petrol and diesel prices remained constant in cities such as New Delhi, Kolkata, Mumbai, and Chennai on Wednesday. Fuel prices in India stayed the same on Wednesday continuing the year-long stable trend since the last rate revision in May 2022. Petrol and diesel prices remained constant in cities such as New Delhi, Kolkata, Mumbai, and […]