As an employee, it is important to keep track of all contributions made by your employer in your Employees’ Provident fund (EPF) account. The EPF statement can be helpful to know how much deduction from the gross total income under section 80C can be claimed by you for the contribution
ONGC is ranked as the Top Energy Company in India, Fifth in Asia and 21st globally as per Platts Top 250 Global Energy Rankings; Maintains place as World’s Third ranked E&P Company in the list. Ranked 21st among global Oil and Gas Operations industry in Forbes Global 2000 list of
Aadhaar card has become a necessary source of information for various services, opening a bank account being one of them. One of the main reasons for linking bank account with Aadhaar card is that it eliminates frauds and safeguards financial credentials of an individual. According to the data given by
The last date for filing income tax return (ITR), which is July 31 of each year, may get extended as CBDT has extended the last date for employers to issue Form 16. Moreover, it has also extended the last date for filing of Form 24Q by the tax deductors for
Department of Posts or India Post, which runs postal services in the country, also offers nine types of small saving schemes. These include the savings account, the five-year recurring deposit (RD), the time deposit or fixed deposit (FD), the Monthly Income Scheme (MIS) account, the Senior Citizens Savings Scheme (SCSS),
The Income Tax Department has various facilities for senior citizens such as Medical Insurance deduction under Section 80D, the tax benefits available under Section 80TTA, Senior Citizen Saving Scheme, etc. Senior citizens have been granted a higher exemption limit on income taxes under the above-metioned Income Tax sections and schemes.
State Bank of India (SBI), country’s largest bank by assets, lost market share in almost all modes of digital transactions between 2017-18 and 2018-19, data from the bank’s latest annual report showed. The bank’s market share in the point of sale (POS) network dropped to 15.93% at the end of
In a bid to implement the government’s mission to make India a cashless or less cash country and weed out corruption, the Income Tax Department has again warned people to refrain from large cash transactions, contravention of which may result in the levy of penalty or disallowance of tax deductions.