Category Archives: NATIONAL

SBI recurring deposit (RD) investment: How calculate to maturity value

New Delhi: State Bank of India (SBI), the nation’s largest bank by asset size, offers the facility of recurring deposit (RD) with which individuals can begin monthly savings and earn interest over it. The interest in the recurring deposits is compounded on a quarterly basis. State Bank of India allows a minimum of Rs 100 […]

New GST return forms may force firms to change ERP systems

New Delhi: The new Goods and Services Tax (GST) returns from April 2020 that mandate providing more details may require companies to amend their enterprise resource planning (ERP) systems. Tax experts and chartered accountants (CAs) said that the new return systems would require a lot of details such as purchases from unregistered dealers. “Besides, bill […]

How the proposed new Direct Tax Code could cut your income tax

By Team ET Wealth When the corporate tax rate was reduced to 25% last month, it was termed as an early Diwali for the corporate sector. Now, taxpayers are hoping the government will gift them a similar tax relief. According to former Niti Aayog Chairman Arvind Panagariya, “there is a strong case for a similar […]

EPFO members may get option to draw pension after 60

The Employees’ Provident Fund Organisation (EPFO) may soon give members an option to start drawing their pension once they turn 60 instead of 58 currently. The proposal to increase the superannuation age for drawing pension under the scheme is expected to help a beneficiary grow his/her pension kitty, while also aiding the pension fund in […]

SC rejects PIL seeking to link social media accounts to Aadhaar

The Supreme Court on Monday rejected a PIL seeking to link all social media accounts to Aadhaar to stop fake, troll accounts from overpowering social media platforms. The court has said all matters need not come to the apex court. While hearing a PIL on social media accounts, the Supreme Court said, Everything doesn’t need […]

EPFO starts crediting interest, check your EPF balance via website, missed call, SMS

New Delhi: The Employees’ Provident Fund Organisation (EPFO) has started the process of crediting interest to provident fund (PF) accounts. It may be noted that the government has recently approved and notified an interest of 8.65 per cent for employees provident fund (EPF) for the financial year 2018-19. The employee and the employer contribute an […]

EPFO backs plan to allow subscribers’ NPS switch

New Delhi: The Employees’ Provident Fund Organisation has supported a labour ministry proposal to allow its subscribers switch to the National Pension System but said the move needs to be backed by suitable amendments to the Pension Fund Regulatory and Development Authority Act. The retirement fund body wants the PFRDA act to be amended to […]

Have you violated traffic rule? Here’s how to check and pay your e-challan online

Have you received an e-challan notice for a traffic violation recently? Knowingly or unknowingly you may have broken a traffic rule because of which you would have gotten an e-challan notice. You can get an e-challan notice for wrong/dangerous parking on the roadside, speeding, jumping red light and so on. E-challan- Digital Traffic/Transport Enforcement Solution […]

Post Office savings: How can you earn 7.7% interest

New Delhi: Most of the middle-income groups, salaried-class people and a large section of risk-averse investors remain in a continuous lookout for risk-free opportunities which can give better returns as compared to conventional investment options such as fixed deposits, recurring deposits and insurance scheme. Post Office offers various investment options for the varied requirements of […]

Atal Pension Yojana: From contribution to penalty, 10 facts you must know before investing

New Delhi: For people looking to invest for a fixed pension during their retirement, the guaranteed pension scheme of the government — Atal Pension Yojana (APY) — is an attractive option. The APY pension scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA) and is available to people aged 18 to 40 […]