Auto Added by WPeMatico
The Employees’ Provident Fund Organisation (EPFO) has eased rules governing partial withdrawals from PF, giving members greater flexibility to access their savings when they are dealing with financial emergencies such as unemployment, medical treatment, education or housing needs. As per the latest EPF framework, notified last month, members can withdraw 75% of their provident fund…
“The patient’s initial discharge got delayed by four days due to repeated queries and follow-ups, even though all replies had been submitted. During the delayed period, the patient’s condition unfortunately deteriorated again. Fresh infections and complications developed and hospitalization had to continue. The first final bill was worth ₹1.63 crore. With the delay, it reached…
Analysis of millions of UPI transactions, reflecting the spending habits of more than 5.2 lakh salaried Gen Z users by SalarySe showed that digital payments formed the core of the generation’s financial management. From managing utility bills, recurring subscriptions and financial services, spending by India’s youngest workforce is concentrated around a few core categories that…
More than 21 lakh Employees’ Provident Fund (EPF) accounts were marked as inoperative in 2023-24, with a balance of around ₹8,505 crore, the government informed the Rajya Sabha on Thursday, August 13. The issue was raised by Neeraj Dangi, who sought details from the Minister of Labour and Employment on the number of inoperative PF…
Bank holidays this week: All public and private banks across India will remain closed today, since 16 August is a Sunday. Hence, physical in branch banking services at all scheduled and non-scheduled banks will remain suspended today since SBI, HDFC, ICICI, PNB and other banks observe weekend off on all Sundays of the month. According…
The July ITR deadline has now passed, but still eligible taxpayers have several important income-tax dates to track. From advance tax payments and tax audits to ITR filing and belated return submission, the coming few months bring several critical tax compliance deadlines that taxpayers must meet. The Income Tax Department has also clarified that AY…
Parents often gift property, money, jewellery or other valuables to their married daughters as part of financial support or family wealth allocation and planning. Now, the gift itself may not attract tax in the daughter’s hands, the tax treatment of the income that is generated from such a gift is a separate matter. Having a…
The Foreign Assets of Small Taxpayers Disclosure Scheme (FAST-DS), 2026, opens on August 16, giving eligible taxpayers a one-time window until December 31, 2026, to disclose certain undisclosed foreign assets and income. For declarations falling under the scheme’s first category, the prescribed tax and additional amount can together amount to 60% of the value being…
When you invest in a mutual fund, buy an insurance policy, open a bank account, or even get an EPF membership after joining the workforce, picking a nominee is one of the first things you are asked to do. It allows these institutions to know whom to contact if the account holder dies. Naming a…
Crypto ads are back in full force. Four years ago, India imposed a tax regime that looked like a ban, but over time, punters have come to accept the 1% tax deducted at source (TDS) as routine. My screens are now full of ads for the so-called crypto exchanges again, and I’m sure yours are…