Technodealz - Technology Updates & News

  New Delhi: Income Tax Filing FY 2022-223: It is that time of the year again when salaried people would be getting hold of all the investment proof they have for the fiscal year 2022-2023 to submit to their office accounts department for tax computation purpose. Among several tax benefits that the government allows income tax rebate under 80C is the most common among salaried and individual tax-payers. Another very popular tax rebate falls under section 24. It permits homeowners claim a deduction of up to Rs. 2 lakh  under interest on home loan deduction under section 24 of the Income Tax act. Read More:   THIS Indian company sets new working trend! You’ve to pay Rs 1 lakh fine if you disturb your colleague during off days Simply put, a home loan certificate is a statement of your home loan account that is sent to you by your bank or lender. This is the detailed documentation of your home loan repayment that contains the summary of the interest and principal you paid tow...

  New Year 2023: We need to take care of certain things which may impact our personal finances. The start of the new calendar year also means a lot of changes which we may have to bear directly or indirectly. New Year 2023 is just around the corner. Some people are thinking about their new year resolutions while others are busy preparing a bucket list of things to do in the upcoming year. Also Read – Bank Holidays in January 2023: Banks to Remain Closed for 14 Days in January; Check List However, we also need to take care of certain things which may impact our personal finances. The start of the new calendar year also means a lot of changes which we may have to bear directly or indirectly. These changes include bank lockers, credit cards, GST,  CNG-PNG  prices among others. All of these changes will become effective on January 1, 2023. It is mandatory for everyone to follow the rules of the government. Also Read –  How To Book A Confirmed Tatkal Train Ticke...

  There is good news for rail passengers. In the next budget i.e. budget 2023-24, the government can announce 300-400 Vande Bharat trains. The announcement of new Vande Bharat trains will be in addition to the already announced plan to introduce the next 475 cm high-speed trains. According to sources, the government aims to sanction 300-400 such trains annually to meet the growing demand and provide better experience to passengers. Along with this, the government is constantly making efforts to provide better facilities to the passengers. First set of trains with tilting technology An official of the Ministry of Railways said that India will get the first set of trains with tilting technology by 2025-26, which means that passengers will now get more convenience. Let us tell you that this technology will be used in about 100 Vande Bharat trains out of 475 already approved, which will help in turning the trains at high speed. This will make train travel easier. First Vande Bharat wit...

  India’s leading telecom operator Jio is deploying 5G network connectivity across the country at a rapid pace. Mukesh Ambani headed telco is India’s first significant telecom operator to establish 5G standalone (SA) network. Which means, Jio’s 5G network connection is not dependable on the existing 4G core. Instead, the standalone 5G architecture is based on an end-to-end core 5G network that is built from scratch. Notably, Jio is offering 5G connectivity to users on an invitational basis. Dubbed as Jio True 5G, the telecom operator has launched the 5G network in around 50 Indian cities, including Delhi NCR, Mumbai, Varanasi, Ahmedabad and more. Read More:   IDBI Bank hikes interest rate on Retail Amrit Mahotsav Deposit, new rates effective from December 26 JIO 5G ELIGIBLE CITIES Here is the list of cities where Jio 5G is available-  Delhi Mumbai Varanasi Kolkata Bengaluru Hyderabad Chennai Nathdwara Pune Gurugram Noida Ghaziabad Faridabad And in all 33-di...

  After you apply for a PAN card, it usually takes around 15 days for the officials to process the application. The time period can differ if corrections in the application are needed to be made after discrepancies are spotted. If the application requires correction, the number of days taken for the application to be processed goes up to 25 days as mentioned in the Tax Information Network of the Income Tax Department. How To Download /Reprint PAN Card Online ? watch this Video  Once the application for a PAN card is successfully submitted, the applicants are provided with a 15-digit acknowledgement number. Courtesy the number, the applicants can track the status of their application after a period of three days. Using the 15-digit number, the applicants can know all the details regarding the application like dispatch date and expected date of delivery of the PAN card sent by the Income Tax Department. How to Track Pan Card Delivery Status by Speed Post? The applicant can track...

  Central Board of Trustees, EPF had recommended 8.10% annual rate of interest to be credited on EPF accumulations in members’ accounts for the financial year 2021-22. The interest rate was officially notified in the government gazette following which EPFO would soon start to credit the rate of interest into its subscribers’ accounts. EPFO announces the PF interest rate every year. PF subscribers can check their PF Balance from the comfort of home using four different ways Check PF balance using SMS, online, missed call and UMANG App. Log on to epfindia.gov.in  Feed in your UAN number, password and captcha code  Click on the e-Passbook Once you file all the details, you will land up on a new page Now open member id  Now you can see the total EPF balance in your account How to check EPF balance through UMANG App  Open the UMANG App Click on EPFO.  Click on Employee Centric Services Click on the View Passbook option  Feed in your UAN number and password ...

  Income Tax Rates and Slabs 2023 (Assessment Year 2023-24): The Income Tax rates and slabs that were applicable in AY 2022-23 are expected to remain the same in the New Year (AY 2023-24). Though some experts are expecting that the upcoming Budget 2023 should revise the rates for some slabs, no big bang change is expected to be announced by the Government. That being said, the following are the existing Income Tax Rate and Slab that are likely to remain unchanged in 2023 as well. INCOME TAX SLABS AND RATES 2023 (NEW REGIME) Annual income up to Rs 2.5 lakh: NIL Annual income up to Rs 2.5- 5 lakh: 5% Annual income up to Rs 5-7.5 lakh: 10% Annual income up to Rs 7.50-10 lakh: 15% Annual income up to Rs 10-12.5 lakh: 20% Annual income up to Rs 12.5-15 lakh: 25% Annual income up to Rs 15-20 lakh: 30% Annual income above Rs 20 lakh: 30% Read More:   Income Tax relief for salaried employees: Section 80C to HRA rules change expected from Budget 2023 INCOME TAX SLABS AND RATES 2023 (OL...

  If you have taken a loan on floating rate of interest, get ready to pay a variable EMI as the National Consumer Disputes Redressal Commission (NCDRC), New Delhi, has observed in a recent judgement that a bank needn’t require to inform its borrowers about the increase or decrease in interest rates in such cases. The NCDRC verdict came in a case traced back to 2019 when an aggrieved customer approached the State Commission, New Delhi, against ICICI Bank. THE CASE Vishnu Bansal, the complainant, had taken a home loan of Rs 30,74,100 on floating rate of interest from ICICI Bank in November 2005. As per the loan agreement executed between the bank and the complainant on 30.11.2005, the loan was to be repaid in 240 equated monthly installments (EMIs) of Rs 24,297 each. Bansal, in his complaint, said that the bank initially charged interest at the rate of 7.25 per cent per annum but later on it increased the rate to 8.75 per cent without intimating or taking his consent. Subsequently, t...

  Industry body Assocham has also urged the government to raise the income tax exemption limit to Rs 5 lakh. Salaried employees are one of the major tax contributors in India. Their salary is tax-exempt up to Rs 2.5 lakh a year. However, their salary is also tax-free if it is below Rs 5 lakh in a year. However, it is a rebate under Section 87A, not an exemption. If the salary goes above Rs 5 lakh in a year, the tax on the whole amount except the exemption limit of Rs 2.5 lakh will be applicable. Now, there are demands for raising the exemption limit to Rs 5 lakh. Also Read  –  RBI penalises Bank of Bahrain & Kuwait, 20 co-operative banks , including 17 from Gujarat for contravention of various norms According to an FE report, Sumit Mangal, partner at Luthra & Luthra Law Offices India, said salaried employees can expect the rationalisation of income tax slab rates, both in terms of limits and tax rates. “Increase in limit of the standard deduction, either as a fixe...

  Gone are the days when EPFO subscribers would wait for their employers to share provident fund statements. The Employees’ Provident Fund Organisation (EPFO), the retirement fund body under the Government of India, has made it easier for members to access their provident fund details. EPF subscribers can now check their provident fund balance online anytime. There are four modes available to them to check their PF balance in minutes. CHECK PF BALANCE ONLINE Read More:   Public Provident Fund: PPF investment limit change suggested ICAI – Here’s why HOW TO CHECK PF BALANCE: SMS METHOD If a subscriber’s UAN is registered with the EPFO, the member can get the details of his latest contribution and PF balance by sending an SMS to 7738299899. The member needs to send this message: EPFOHO UAN ENG. ‘ENG’ is the first three characters of the preferred language. So, if someone let’s say wants to receive the message in Marathi, then he needs to type in EPFOHO UAN MAR. The facility is av...