Under the leadership of Prime Minister Narendra Modi, the Central Government has launched several welfare schemes aimed at uplifting the poor and underprivileged sections of society. One such scheme is the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), which was introduced five years ago. It has served as a crucial lifeline for Antyoday families, particularly …
The Employees’ Provident Fund Organization (EPFO) has introduced key updates to the Employees’ Deposit Linked Insurance (EDLI) scheme. These changes were approved during the 237th meeting of the Central Board of Trustees (CBT), led by Union Labor Minister Mansukh Mandaviya. Additionally, CBT has recommended an 8.25% annual interest rate for EPF subscribers. Key Changes in …
In 2024, major companies like Reliance Industries and Wipro announced bonus share issues, which created a lot of excitement in the stock market. If you’re wondering whether the bonus shares have been credited to your Demat account, here’s how you can check and stay informed. Don’t worry—this guide simplifies the process for you. Credit Process …
The third instalment of advance tax for the financial year 2024-25 is due on Sunday, December 15, 2024. Taxpayers must ensure that 75% of their total tax liability is paid by this date. However, due to an existing Income Tax Department circular, payments made on Monday, December 16, 2024, will be accepted without any penalties. …
Fixed deposits (FDs) have been a preferred choice of investment for Baby Boomers and Gen X in India, making it one of the oldest saving instruments. With their money invested in FDs, depositors deemed the money to be in a safe place with an assured fixed rate of return. Of late, with a soaring fiscal …
On December 4, 2024, the Goods and Services Tax Network (GSTN) issued an important advisory outlining new guidelines for the filing of GSTR-7 returns. Effective from October 2024, it is now mandatory for GST-registered taxpayers, specifically those who deduct Tax Deducted at Source (TDS), to follow a sequential filing process. This new rule aims to …
When envisioning retirement, financial security and comfort take precedence. Throughout life, individuals work tirelessly, earn, and make financial sacrifices to secure a stable future. As income sources diminish during retirement, having a reliable corpus ensures independence, dignity, and the ability to maintain one’s lifestyle without financial stress. The question arises: how does one build such …
If you want to check your Provident Fund (PF) balance, you’ll need a Universal Account Number (UAN), a registered mobile number, and an internet connection. Here are 5 ways to check your balance and account details. Check PF Balance Using the UMANG App The UMANG app, launched by the government, offers multiple government services, including …
The government has raised the Tax Deducted at Source (TDS) limit on fixed deposit (FD) interest for senior citizens from ₹50,000 to ₹1 lakh per year. This change, effective from April 1, 2025, aims to reduce the administrative burden on senior citizens. However, tax experts emphasise that this is only a procedural change, and senior …
The government of India has reduced the import tariff on gold by $11 per 10 grams, lowering the price to $927 per 10 grams. This change comes amid ongoing selling pressure on gold, primarily due to a rebound in the dollar index and profit-taking. The import tariff price of gold represents the base price set …
