For an individual or HUF, if the monthly rent is 50,000 or more, then the renter will have to deduct 5 per cent of the total monthly rent under Section 194 IB With an aim to negate chance of tax evasion, the Income Tax Department incepted Tax Deduction at Source (TDS) on transaction in certain cases, which includes […]Continue Reading..
The last date for linking of Aadhaar and PAN (permanent account number) is 31 March. In case you don’t do it, your PAN will become invalid. In the Finance Bill, 2021, passed by the Lok Sabha on Tuesday, the government has introduced an amendment under which a person will be liable to pay a late […]Continue Reading..
7th Pay Commission Latest News: In what could be a double bonanza for central government employees, the Modi government is planning to increase Dearness Allowance (DA) of these employees by 4 per cent and also clear arrears. It has been reported that central government employees could get these benefits well before Holi. This also means that if the […]Continue Reading..
Generally, it is believed that once a person retires from a government job, he/she will continue to get a pension for life without any hassle. However, the fact is different from the general belief. A retired person’s pension can be withdrawn or withheld on certain grounds. The pension can be stopped permanently, or for a […]Continue Reading..
Finance minister Nirmala Sitharaman announced in Budget 2021 that interest on employee contributions to provident fund of over ₹2.5 lakh per annum would be taxed, starting from 1 April. Up to ₹2.5 lakh has been kept as the deposit limit for which interest is tax exempt, finance minister said. At least 12% of an employee’s basic salary and performance […]Continue Reading..
In some good news for candidates aspiring for government jobs, the Yogi Adityanath-led government in Uttar Pradesh will release nearly 50,000 vacant posts in various government departments of the state. The Chief Minister has given his approval for the start of the recruitment process for Uttar Pradesh Subordinate Service Selection Commission (UPSSSC) to fill these […]Continue Reading..
Shivraj Singh Chouhan-led Madhya Pradesh government is planning to give big gifts to around 4 lakh state government employees before Holi. It is learnt that Madhya Pradesh finance department has also started preparations to set things in motion to ensure that these employees get their arrears well before the festival, said Zee news report. It […]Continue Reading..
The Ministry of Labour and Employment has finalised rules under the four labour codes paving the way for making reforms a reality by notifying those for implementation soon. The four broad codes on wages, industrial relations, social security and occupational safety, health & working conditions (OSH) have already been notified after getting the President’s assent. But for […]Continue Reading..
The government has alerted people not to reveal personal details such as Aadhaar and OTP to fraudsters calling senior citizens for COVID-19 vaccination. PIB Fact Check handle tweeted, “Some #Fraudsters claiming to be from Drug Authority of India are calling senior citizens to confirm their Aadhaar and OTP for #COVID19Vaccine allocation. It is an act of […]Continue Reading..
If you own any vehicles which are older than 15 years you might have to take it to the junkyard soon. Union Minister of Road Transport & Highways Nitin Gadkari on Friday said that his ministry submitted the proposal for vehicle scrappage policy which is likely to get government nod soon. The policy entails scrapping […]Continue Reading..