The provisional payroll data of EPFO released on 20th October, 2022 highlights that EPFO has added 16.94 lakh net members in the month of August, 2022. Year-on-year comparison of payroll data reflects an increase of 14.40% in net membership addition in August, 2022 as compared to the corresponding month during last year in 2021. Of the…
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Finance Minister Nirmala Sitharaman has asked the revenue departments under the Central Board of Indirect Taxes and Customs (CBIC) to use artificial intelligence, data analytics and internet of things (IoT) to identify leadages arising from frauds and tax evasion. She said that the traing for tax officials in all these areas would comence soon. The…
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The last date for filing Income Tax (ITR Filing Last Date) is 31 July 2022. If you do not file ITR on time, you may face a penalty. Have you ever thought that even if someone dies, he still has to file ITR or not? As per the rules, it is necessary to file the…
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If you file Income Tax Return (ITR) every year, then this news is of your use. This time, before filing ITR, definitely take a look at the changes made by the Income Tax Department. Income tax return forms for the financial year 2021-22 (Assessment Year 2022-23) have been issued by the Income Tax Department. This…
Read More “Taxpayers have must to give these information in ITR forms” »
The Goverment has kept the interest rates on small savings schemes like the PPF unchanged. That means for the quarter ending September 30, 2022 the PPF will earn an Interest rate of 7.1%. The Public Provident Fund (PPF) scheme, created in accordance with the Public Provident Fund Act of 1968, is a long-term investment plan…
The GST Council has decided to withdraw the exemption on some goods while increasing the rates on some. After this decision, 5 percent tax will be levied on packed wheat flour, papad, paneer, curd and buttermilk. Union Finance Minister Nirmala Sitharaman said that in the two-day meeting of the GST Council in Chandigarh, the suggestions…
Read More “Kya Sasta Kya Mahanga Decise after GST Council Meeting.” »
Filing of E-nomination will facilitate the EPF members to submit pension claims through online and in case of any untoward incident of death it enables smooth filing of claims by the family members. Employees can file E-nomination using the facility provided in Unified Member portal. Hence, all the employers are requested to educate about the benefits of filing e-nomination…
Tax saving mutual funds or Equity linked Saving Schemes (ELSS) help you to save income tax under section 80C of the Income Tax Acts. You can invest a maximum of Rs 1.5 Lakh in ELSSs and claim tax deductions on your investments every financial year. Are you Interested? Before procedding further, you should first familiarise…
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The provisional payroll data of EPFO released on 20th May 2022 highlights that EPFO has added 15.32 lakh net subscribers in the month of March, 2022. Month-on-month comparison of payroll data shows an increase of 2.47 lakh net subscribers in March, 2022 comparing with the net additions during the month of February, 2022. Of the…
If your PPO number is lost then your pension may stop. In this case you may get into trouble. Pensioners coming under the Employee Pension Scheme are given a unique number called Pension Payment Order (PPO). On the basis of this, pensioners get pension after retirement with the help of this. Although you can easily…
