How to link PAN with EPF account to avoid excess TDS
SynopsisTo avoid having too much tax withheld at source, employees should link their Permanent Account Number (PAN) to their EPF (TDS). Section 206AA of the IT Act mandates that every…
Post office savings account : How to activate Internet Banking and mobile banking
Post office savings bank (POSB) account holders can use internet banking services provided by India Post, which is part of the Department of Posts (DOP). The Post Office Internet Banking…
Packaged food likely to see FSSAI health star ratings after one year
This move by FSSAI will impact food companies, including Hindustan Unilever, ITC, Britannia, Nestle India, and Amul The implementation of the Food Safety and Standards Authority of India’s (FSSAI’s) health…
PPF scheme : Here are 10 things you should know
The PPF is one of the most popular small savings scheme, but many investors are not aware of its features. Mukesh Kalra lists out 10 things that you should know…
GST Council may do away with 5% rate; move items to 3% and 8% slabs : Report
Although various options are under consideration, the Council is likely to settle for an 8% GST for most items that currently attract 5% levy, say sources With most states on…
What are the tax rules applicable for freelancers in India?
A freelancer can opt for only ITR-3 or ITR-4 to file income tax return (ITR) Income from freelance jobs is treated as ‘profits and gains from business or profession’ for…
How to update bank account details in EPF account
Employees’ Provident Fund (EPF) members should ensure that their bank account details are up-to-date, correct, and the account is active. If the mentioned bank account number in the EPF account…
Do you use smart devices? Here is how these appliances spy on you
Things like smart TVs use cameras and microphones to spy on users, smart lightbulbs track your sleep and heart rate, and smart vacuum cleaners recognize objects in your home and…
What are the revised norms for residency
An individual who is a citizen of India who is not liable to tax in any other country or territory has total income, other than from foreign sources, exceeding ₹15…
Income tax : This home loan benefit cannot be availed after March 31
As per the income tax rules, from 1st April 2022, a home loan borrower will get two income tax benefits under Section 24(b) and Section 80C of the Income Tax…