SBI aims to eliminate debit cards
MUMBAI: If the largest lender SBI has its way, it may herald the beginning of the end of the ubiquitous debt cards from the banking system as the bank plans to promote more digital payment […]
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Indian IT fears impact as US moves on new H-1B process
PUNE: The US has moved a step closer to changing how the H-1B visa issuance process is carried out from next year that would impact Indian IT services firms. Last week, the Office of Management […]
What is PAN card verification? How to verify PAN online
New Delhi: Personal Account Number (PAN), the unique ten-digit alphanumeric ID issued by Income Tax Department, is the most important document which is needed at the time of filing the income tax returns and addressing […]
Motor Vehicles Bill: Complete list of fines you will pay for traffic violations
NEW DELHI: The Rajya Sabha on Wednesday cleared the bill to amend 30-year old motor vehicle law to improve road safety, raise penalties for traffic violations, curb RTO (Regional Transport Office) corruption and other measures […]
TDS on salary: How it is calculated and deducted
Under Section 192 of the Income Tax Act, every employer who is paying a salary income to his employee is required to deduct TDS from the salary income if it exceeds the basic exemption limit. […]
Budget 2019: No need for a PAN, you can quote Aadhaar number for filing I-T return
With an aim to simplify tax administration and bring greater transparency, FM has proposed inter-changeability of PAN and Aadhaar. “Those who don’t have PAN, can file ITR by simply quoting Aadhaar number,” Sitharaman noted. Now, […]
Funds transferred from PF to NPS not taxable: PFRDA
NEW DELHI: Regulator PFRDA today said funds transferred from provident fund account to National Pension System (NPS) account will not attract any tax. “The amount so transferred from recognised Provident Fund/Superannuation Fund to NPS is […]
Form 26AS: What is it and how does it help in filing income tax return?
By Shalini Jain The due date for filing your income tax return (ITR) is fast approaching. One of the most important documents that you need to verify prior to filing your ITR is your Form […]
Budget 2019 may implement NPS withdrawal tax-exemption plan
By Saraswathi Kasturirangan, Radhika Viswanathan and Nidhi Jain Pension for all and enhancing financial security of the aged has been on top of the government’s agenda. Despite being one of the flagship schemes in this […]
ITR filing: Income tax return forms 2 and 5 updated again
The income tax department has made further changes in the electronic forms for income tax returns 2 and 5. As per a notice on the e-filing website, ITR-2 & ITR-5 utilities have been modified to […]