The Employees’ Provident Fund Organisation (EPFO) increased the interest rate on provident fund deposits for FY 2023-24 from 8.15% to 8.25%, with many eagerly awaiting the crediting of their interest. EPFO calculates interest monthly, with contributions deposited at the fiscal year-end.
The Central government is considering reducing the minimum eligibility condition for gratuity payments to employees. The Centre may reduce the threshold from five years of continuous employment to between one and three years amid growing demand to make the gratuity eligibility criteria shorter.
Replying to a debate on Budget 2018-19, the minister said that a lot of things have changed since the NDA government took office in May 2014.
The new SAHAJ form also requires reporting of cash deposited in a bank account from November 9 last year to December 30, 2016 if the taxpayers deposited Rs. 2,00,000 or more during the demonetisation period
The taxman may now insist on proof from the tax payer showing that he is indeed a genuine tenant, staying in the property mentioned in the rent receipt
As many as 2.5 crore salaried tax payers will now receive SMS alerts from the Income Tax department regarding their quarterly TDS deductions. Finance Minister Arun Jaitley today launched the SMS alert service for Tax
New Delhi, Feb 28 : In some relief to general tax payers, Finance Minister Pranab Mukherjee today enhanced the tax exemption limit by Rs 20,000 to Rs 1.80 lakh, gave additional benefits to senior citizens
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