Here comes another move from Government of India as part of its efforts to curb circulation of black money. The finance minister has clarified that the gold above the quantity of 500 grams can be seized by the income tax authorities for scrutiny. The amended Income Tax law has provisions in this regard. The latest … Read more
The Indian Banks Association (IBA) has informed the general public that the bank customers of all bank branches can now exchange / deposit their old currency notes of Rs. 500 and Rs. 1000 from 10th November 2016 as per the guidelines of RBI. The customers can deposit / exchange the old notes till 30th December … Read more
Employees Provident Fund Organisation (EPFO) is planning to develop Mobile App to withdraw pension and PF amount by its pensioners and subscribers. The EPFO app is likely to be made available soon. The subscribers can just use their smartphone to withdraw EPFO amount and pension. The EPFO is developing mobile application to make most of … Read more
The Government of India has approved the recommendations of the 7th Pay Commission for the central government employees. The expected total hike in the salary is 23.55 percent and the burden on the central exchequer is more than Rs. 1 lakh crore. Following are important points with regard to 7th pay commission. 1) Implementation date: … Read more