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 […]
Not updated Aadhaar in last 10 years? You can update it for free on this portal till June 14
UIDAI is encouraging residents to upload address documents online for revalidating Aadhaar, which is free of cost on myAadhaar portal, only till June 14, 2023. Individuals who have updated their Aadhaar before 10 years or more, should try and make use of the free update option. According to the UIDAI tweet, “Keep Demographic Details Updated […]
Microsoft adds new security features to Windows 11, including new privacy settings and glance VPN. Check details here
Microsoft announced the introduction of enhanced security features for Windows 11. These include updated app privacy settings and a new feature called “glanceable VPN.” According to Microsoft, the new privacy settings provide users with full visibility and authority over their personal information. “Stay focused and securely connected with the glanceable VPN feature. A small shield […]
These three special high fixed deposits interest rate offers to close soon. Details inside
Fixed deposit (FD) interest rates are at their peak, and experts say that the rates will not go up further. However, with RBI’s rate pause for the second time in a row, it looks quite eminent that banks will not hike the interest rate on these deposits any further. Some banks have started cutting their […]