Tax planning is an important part of a financial plan. Whether you are a salaried individual, a professional or a businessman, you can save taxes to certain extent through proper tax planning. The Indian Income Tax act allows for certain Tax Deductions / Tax Exemptions which can be claimed to save tax. You can subtract […]
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Latest BDA Plots E-auction 2020-21 | Details & Online Procedure
The Bengaluru Development Authority (BDA) has re-commenced auctioning its corner sites in various layouts. This comes two months after the Karnataka State Chief Minister B.S. Yediyurappa announced that around 12,000 BDA sites will be auctioned in a phased manner. Since 2011-12, the BDA has been aggressively offering the plots for sale through e-auction. These are […]
EPF Withdrawal claim can now be processed by any PF Regional office | EPFO’s New Initiative
An EPF (Employees Provident Fund) member can make ‘full or partial’ Withdrawal claim request. This can be done through two ways – by submitting a withdrawal request form (physically) or through EPF online portal. An EPF Member who have activated their UAN and seeded their KYC (Aadhaar) with EPFO can apply for below claims through […]
Latest Post Office Small Saving Schemes Interest rates Apr – Jun 2020 | Q1 of FY 2020-21
The Reserve Bank of India (RBI) has recently cut key policy rates to mitigate Covid-19 impact. RBI has slashed the Repo Rate by 75 basis points to 4.4%. It has cut the Reverse Reop Rate by 90 basis points to 4% and CRR has been reduced by 100 baiss points to 3%. In view of […]
NPS Income Tax Benefits FY 2020-21 | Under Old & New Tax Regimes
Effective from FY 2020-21, an individual tax assessee will have an option to go for new Tax Slab Rates by forgoing the existing Income Tax Deductions and Exemptions, like HRA, Section 80C, Home loan tax benefits etc., So, to avail the below new tax regime, which is optional, taxpayers will have to let go of […]
How to apply for Instant PAN through Aadhaar based e-KYC?
CBDT has recently announced the launch of new Instant PAN allotment provision. This latest facility has been made available on the Income Tax e-filing portal. Instant PAN allotment will now be done in near to real-time at free-of cost. Individuals (other than minors) with a valid Aadhaar number (with updated Mobile number) can avail this […]
