Parked your money in bank FDs? You have a reason to worry

Senior citizens and others depending upon income from bank fixed deposit (FD) schemes will be at the receiving end with the retail inflation exceeding the interest rates. The Reserve Bank of India (RBI) in its latest monetary policy review has projected retail inflation at 5.3 per cent for the current financial year. Last week, the […]

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Indian Railways Rule: Canceling the ticket before the chart is prepared, then so much money will be deducted, know rule

The railway charges the cancellation of the ticket. This charge varies. This charge depends on the class of reservation. The charges for canceling the reservation on Executive Class or AC First Class, AC Two-Tier, AC Three-Tier are different. Indian Railways Catering and Tourism Corporation (IRCTC), the company that deals with the e-ticketing of Indian Railways, […]

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From PAN card, PF, Mediclaim to ITR filing — Check out 8 services where you need to furnish Aadhaar card details

1/9 8 essential services where you need Aadhaar Card Quoting of Aadhaar card is mandatory for a host of services ranging from filing income tax, to linking with pan card. Aadhaar is also one of a very important proof of identification and in order to avail Aadhaar Online services, it is also important to have […]

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Do not miss this step, avoid rejection of your tax refund

When a taxpayer pays more tax than she is liable for in a financial year through excess tax deducted at source (TDS) or miscalculation in income tax, the income tax department refunds the excess amount. The refund is processed after the taxpayer files and verifies her income tax return (ITR). The refund is credited into […]

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PPF vs EPF: Interest rate, income tax rule, other details that you should know

  PPF vs EPF: EPF or Employees’ Provident Fund is a government-backed retirement benefit scheme designed for salaried individuals only whereas PPF or Public Provident Fund is designed to provide old age income security to a PPF account holder. Both give income tax exemption on up to ₹1.5 lakh investment in one financial year under Section 80C […]

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Income Tax Refund: CBDT Issues Refunds Worth Over Rs 22,200 Crore; Direct Link Here

Central Board of Direct Taxes (CBDT) has issued refunds worth over Rs 84,780 crore to around 59.51 lakh taxpayers, Income Tax India tweeted. The refunds are for the period between April 1, 2021 to October 11, 2021. Out of the total, Income tax refunds amount to Rs 22,214 crore and corporate tax refunds are worth […]

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RBI Rule: Good News! Torn note came out of an ATM, then replace it like this; Know the rules of RBI

Exchange Torn Currency: Many times it is heard that even torn or mutilated notes come out from ATMs. Along with this, mutilated notes keep running in the market too. What would you do if you came across such a torn note? Today we are going to tell you the guidelines of Reserve Bank of India […]

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