Employee Provident Fund (EPF or PF) is the main pension scheme for large number of people working in private organized sector in India. It is managed by a government organisation called 'Employees Provident Fund Organisation (EPFO)'. It is one of the largest social security organisations in India in terms of the number of covered beneficiaries and the volume of financial transactions undertaken. ...
On March 6th 2017, PFRDA (Pension Fund Regulatory and Development Authority) in india has issued detailed instructions about transferring money from EPF to NPS.
EPF is india's primary social security scheme for private sector and at this moment has more than 6 crore members. Though EPF primarily invests in debt - thus giving interest in the order of 7 to 10%. NPS (National Pension Scheme) is ...
GST (Goods & Service Tax) is the complete overhaul of corporate taxation in India with its hope of simplifying a number of separate taxation laws active in India including VATs and service tax. GST Bill was officially accepted by President of India on Sep 8, 2016 and following that GST council is working tirelessly to decide on various nitty-gritties of GST. As of Jun 22nd 2017, it is on track to...
Over last 5-10 years in India, Income Tax payment and return filing has become easier and can be done online without much hassle. If your income tax is due (i.e., you need to pay income tax to government), you don't need to go to a bank or fill challan form. Instead you can pay income tax online in 3 easy steps.
EPF (Employee Provident Fund) is India's main social security scheme covering more than 15 crore workers across India. Lately EPFO (Employee Provident Fund organization) has been working on digitising their systems so that members always have instant visibility about their balance and can withdraw it without going through lot of hassle. To simplify the process they have ...
As part of budget 2017, there was a announcement about TDS on rent which remain relatively unnoticed by lot of people. Please note that TDS on rent is only applicable for people showing more than Rs 50000 per month as rent for saving tax. Lately there has been lot of cases where either people submit fake rent receipts to save tax and this act is supposed to stop these practices.
Here are the relevant portion from the budget:
It is proposed to introduce a new provision in the Income-tax Act to provide for tax deduction at source at the rate of five per cent by an individual or HUF, other than those whose books of account are required to be audited, while making payment of rent of an amount exceeding Rs. 50000 per month. It is also proposed to provide that such tax shall be deducted and deposited only once in a financial year through a challan-cum-statement. Further, the deductor shall not be required to obtain TAN or file any separate TDS return for this purpose.
Starting April 1, 2017, Income tax penalty for under reporting and misreporting of the income will be handled by section 270(A) of the Income tax act. This section is newly added amendment of the income tax act. Please note that this is only valid for returns for years AY 2017-18 and after that.
Before April 1, 2017, income tax penalty for under reporting was handled by section 271 of income tax. This section will no more apply for this calculating penalty of under-reporting and misreporting of income.
Sometimes for filing for income tax return rectification, when we check our return status, it says - 'Rectification Rights Transferred to AST'. What does that mean and do we need to do any followup in such a case?
Income tax rectification needs to be filed when you have made a mistake while filing your return and wants to fix it now.
SBI (State Bank of India) is the biggest bank in India. It is owned by Indian Government and has its headquarter in Mumbai. SBI bank has a huge network of branches all across India. In this article, we cover the SBI home loan interest rates as well as eligibility criterion for getting home loan from SBI bank.
SBI 1 year MCLR: 8%
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HDFC Home loan is one of the most popular and major home loan provider in india alongwith sbi home loan. One can login to their hdfc home loan account online to check their home loan status, transaction history, hdfc home loan interest and certicate of interest.
HDFC Bank (Housing Development Finance Corporation) is one of the premier private sector bank in India. It is headquartered in Mumbai and has seen tremendeous growth since starting in 1994. By end of 2016, HDFC Bank has around 4500 branches across India. Due to its reach and popularity, hdfc home loan is one of the most popular home loan schemes in india
This articles guides you on hdfc home loan login and various features available to you after hdfc home loan login.