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Showing posts from March, 2022

Road Trips to Get Expensive From April 1 After Steep Hike in Toll Tax. Here’s How Much Commuters Will Have to Pay

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  New Delhi:  Travelling on national highways could become a little more expensive as the Central government has decided to increase the toll tax from April 1, Friday. As per a report, the National Highway Authority of India (NHAI) has hiked the toll tax from ₹10 to ₹65. Besides, the cost of commercial vehicles has been raised by Rs 65 and light vehicles by Rs 10 for one NN Giri, NHAI Project Director confirmed that a notification regarding a hike in toll tax has been issued for the FY 2022-23. “On highways connecting Delhi, toll price has been increased by for 4 wheelers— cars and jeeps. Oversize vehicles will have to pay Rs 65 for one-way from April 1”,   LIVE Hindustan  quoted Giri as saying. TOLL TAX HIKE: HOW MUCH COMMUTERS WILL HAVE TO PAY On the 59.77 km Delhi-Meerut Expressway, commuters will have to pay 10% more toll tax. On the expressway from Sarai Kale Khan to the end of Kashi toll plaza, people traveling in cars and jeeps will ha...

Important news for EPFO subscribers! Members must complete this work

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  Important news for EPFO subscribers! Members must complete this work If you work somewhere and have a PF account, then this is important news for you. Employees’ Provident Fund Organization (EPFO) has made e-nomination mandatory for its subscribers. You cannot check the PF account balance without e-nomination. Along with this, you will not be able to get many other benefits.   E-nomination helps the nominee/family members to withdraw money related to PF, Pension (EPS) and Insurance (EDLI) in case of death of the account holder. With this, the nominee can also claim online. E-nomination benefits EPFO subscribers also get the facility of insurance cover under the Employee Deposit Linked Insurance Scheme (EDLI Insurance cover). A maximum insurance cover of Rs 7 lakh is paid to the nominee in the scheme. If the member dies without any nomination, then there will be difficulties in processing the claim. So let us tell you how you can fill the nomination online. Here’s how you can...

Cash payment rules on interest changing from April 1, here’s all Post Office Savings Schemes A/c holders must know

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  The Department of Post has decided for mandatory linking of either PO Savings Account or Bank Account for crediting of interest payment of Senior Citizen Savings Scheme, MIS and TD Accounts and the last date to do so is 31 March 2022. New Delhi: Come April 1 and the rules related to crediting of interest payment on Senior Citizen Savings Scheme, MIS and TD Accounts is going to change. The Department of Post has decided for mandatory linking of either PO Savings Account or Bank Account for crediting of interest payment of Senior Citizen Savings Scheme, MIS and TD Accounts and the last date to do so is 31 March 2022. It said that interest payment in cash shall not be allowed from MIS/SCSS/TD sundry office account w.e.f. from 01 April 2022. It further stated that in case an account holder is not able to link his/her Savings Account with MIS/SCSS/TD accounts up to 31.03.2022 and interest 1s credited in MIS/SCSS/TD sundry office accounts, the outstanding interest should be p...

PPF, Sukanya Samriddhi scheme subscribers do THIS by March 31 or else your account will be deactivated

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  The Minimum Amount for opening of account and maximum balance that can be retained for both Public Provident Fund and Sukanya Samriddhi Yojana is the end of a financial year.  New Delhi: The financial year is going to end in just three days. Since several deadlines are pegged to the month of March, the end of the month i.e March 31 is very crucial for investments.  If you are a subscriber of Public Provident Fund (PPF) and Sukanya Samriddhi Yojana, March 31 deadline is significant for you. The Minimum Amount for opening of account and maximum balance that can be retained for both Public Provident Fund and Sukanya Samriddhi Yojana is the end of a financial year. Hence, if you have not deposited the minimum balance before the end of the financial year (March 31), it is high time you did so. While those who have already made their deposits, they must not worry. Discontinued or deactivated PPF, Sukanya Samriddhi Account If in any financial year, minimum deposit of...

Here’s how to link your Aadhaar card with ration card: Step-by-step guide of online and offline process

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  By linking Aadhaar cards to ration cards, no valid beneficiary will be denied their rightful share of food grains. New Delhi: The government has extended the deadline for linking ration cards with Aadhaar cards from March 31 to June 30. This is a huge relief for ration cardholders who have yet to do so. By linking Aadhaar cards to ration cards, no valid beneficiary will be denied their rightful share of food grains. The government provides numerous benefits to ration card holders. The linking of Aadhaar cards with ration cards is critical in light of the National Food Security Act’s benefits for the migrant population of their entitled food grains in the place of their temporary workplace. The One Nation One Ration Card (ONORC) was introduced in August 2019 to assist daily wage earners, temporary workers, and migrants in accessing subsidised food grains from a location near them. This scheme has a total of 80 crore beneficiaries. As of mid-February, as many as 96% of beneficiarie...

MUST KNOWWhy is March 31 an important date for taxpayers? Find out

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  The ongoing Financial Year 2021-22 is coming to an end on March 31, 2022. Unlike 31 December, which is widely celebrated across the world as end of a year and people welcome the new year, many people don’t even care if it’s 31st March—end of the financial year. But if you are a tax payer, March 31 is very relevant for you. Make sure as an assessee you complete a few important things before March 31. Link Aadhaar Card with PAN Card (if not done) An assessee should necessarily link the Aadhar card with the pan card before 31st March 2022 , if not done yet. Failure to do so will lead to the inactivation of PAN cards and a penalty of Rs. 10,000. It is a simple process and can be done online by logging on to the income tax website. Re – KYC of all active accounts with Financial Institutions As per RBI guidelines – Re KYC of every bank account and all relevant accounts with Financial Institutions or Services like Demat Account, Share Trading Company etc should be done in every two year...

Bank Holidays April 2022: Banks to remain shut for 9 days

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  In April 2022, there are nine bank holidays, which include both regional and national. New Delhi: A new fiscal year begins on April 1, bringing with it a slew of new responsibilities as well as the prospect of numerous vacations. For individuals who like to visit banks in person, we’ve compiled a list of days in April 2022 when bank branches will be closed to the public. In April 2022, there are nine bank holidays, which include both regional and national. Starting April 1, which is the Yearly Closing of Bank Accounts, there are at least two long weekends during the month, with most, if not all, branches remaining closed during the day. Because April 1 comes on a Friday, banks will be closed for the first three days of the month. Gudi Padwa will be celebrated on April 2 in Maharashtra, and the Ugadi Festival will be celebrated in Karnataka, Telangana, and Andhra Pradesh. Depending on where you live, the day will be known as the 1st Navratra, Telugu New Year’s Day, or Sajibu Nongm...

PM Free Silai Machine Yojana 2022: Women Can Now Get Free Sewing Machine. Complete Details Here

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  New Delhi : To facilitate the women of the country to make extra money and get financially independent, the government has started a scheme to provide free sewing machines (silai machine) to over 50 thousand women in every state. The scheme has been started to make Indian women independent (aatmanirbhar). Under the PM Free Silai Machine Yojana, every woman between the age group of 20 to 40 years can apply. The scheme is valid for rural as well as urban women. PM FREE SILAI MACHINE YOJANA 2022: ELIGIBILITY AND IMPORTANT DOCUMENTS To avail of the benefits of the scheme, one must possess the following documents:  Aadhar Card Date of Birth Proof Income Certificate Unique Disability ID (For handicapped) Widow Certificate (For widows) Mobile Number Passport size photo HOW TO APPLY FOR FREE SILAI YOJANA? Visit the Official Website of Free Silai Machine Yojana i.e. www.india.gov.in. On the Homepage, Click on the Option “सिलाई मशीनों की मुफ्त आपूर्ति के लिए आवेदन प्रपत्र” Link. Appli...

12-14 year-olds to be given Corbevax vaccine: Registration, dosage gap and other details in 10 points

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  The COVID vaccination for children in the age group of 12-14 years will begin from tomorrow as the government has allowed the Corbevax vaccine to be administered to the 12-14 years age group which is manufactured by Biological E. Limited. At present the age of beneficiary in CoWIN is being filtered based on Year of Birth. The responsibility for verification of age (12 years) will lie with the vaccinator/verifier at the time of vaccination for the first few days as the provision for recording the exact Date of Birth in Co-WIN portal is under process. Once implemented, the system, by default, will not allow registration of beneficiaries who are not of the recommended age. HERE ARE 10 UPDATES ON THE COVID-19 VACCINATION FOR 12-14 YEARS OLD:  The Union Government after due deliberations with scientific bodies has decided to start COVID-19 vaccination for 12-13 yr and 13-14 yr age groups (those born in 2008, 2009 and 2010 i.e those who are already above 12 years of age)...

Did Not Receive Your ITR Refund? Know Why Here

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  Income Tax Return : The ITR e filing portal has made Income tax return (ITR) related tasks must easier. The taxpayers, in case of delay in filing their ITR, may be penalised up to Rs 10,000. The earlier you file your ITR, the earlier you will get your refund amount For FY 2020-21, the last date to file ITR was December 31, 2021. The deadline was extended several times owing to the Covid-19 pandemic. According to a report by Mint, around 6.25 crore taxpayers have filed their ITR using ITR e filing. Over 4.5 crore returns have already been processed. However, there are chances that the taxpayers may not have received their refund amount. There are several reasons for that. Mint stated that one of the prominent reasons is the glitch in the ITR website. It has led to delays in e filing the Income Tax Returns. WHY HAVE YOU NOT RECEIVED YOUR ITR REFUND? KNOW HERE Unpaid income tax amount:  If any income tax amount is yet unpaid, the IT department rejects the ITR refund request. In...

Here’s what will happen if you don’t link your PAN card with Aadhaar by March 31

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  PAN Aadhaar Link: The last date for linking your PAN card with your Aadhaar number has been fixed by the Government of India to March 31, 2022. If you do not link your PAN with Aadhaar by the deadline given, you may face various penalties. The biggest hurdle that you will face is that your PAN card will be deactivated. And this is not all. You will have to undergo many more problems because of PAN card deactivation. For financial transactions like opening a new bank account, investing in the stock market, PAN card is necessary. Also, it is mandatory to fill your PAN card details while applying for income tax return and for interest payment. If you do not link your PAN and Aadhaar Card, then you will not be able to use your PAN card for any future transactions. However, you can link both the cards after the deadline of March 31, 2022, but then you have to pay a heavy penalty. WHY LINKING PAN CARD WITH AADHAAR IS IMPORTANT? PAN card will become inactive, you will not be able t...

If you see your password on this list, change it as soon as possible

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  Everyone should on high alert when visiting a new website, opening an email, or even clicking a link in a text message — but all of these dire threats have still yet to stop us from coming up with the worst passwords imaginable to protect our most  important online accounts. This week, password manager NordPass published its list of the 200 most common passwords of 2020, and if you thought that we might have made progress as a society in recent years when it comes to making passwords, you can disabuse yourself of those optimistic notions. Of the 200 most popular passwords this year, a board majority could be cracked by a bad actor in less than a second. If you currently use any of the passwords on the NordPass list that fall into this category, you are constantly an instant away from having your data stolen. You can visit NordPass’s website to see the entire list of passwords — which includes interesting data points like how many people are using the password, how much time ...

Air India offers 50% discount on base fare to senior citizens for domestic flights

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  Air India has posted the criteria for this offer on its official website and has clearly stated that only those who fulfill them will be allowed to avail this offer Air India has some good news in store for senior citizens this new year. The national carrier is offering a 50 per cent discount on the base airfare for its domestic flights to senior citizens. Fliers above the age of 60 will get to avail this discount offered by the state-run airline. Air India has posted the criteria for this offer on its official website and has clearly stated that only those who fulfill them will be allowed to avail this offer. An official Air India notification reads, “The tickets should be booked for a senior citizen of Indian nationality, permanently residing in India and should have attained the age of 60 years on the date of commencement of journey.” The offer is only applicable for tickets purchased for select booking classes in the Economy cabin. People interested should note that the offer...

New rules by Indian Railways you should know before starting your train journey

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  Indian Railways has changed some rules for travelling in the train. So, it is important for you to stay updated about the changed rules. The new rules will be applied especially to those passengers travelling at night. The move came after the Railway Board received complaints from passengers about some people talking loudly or listening to music on mobile during the night. Keeping this in mind, the Board has decided that during your night journey, no passenger will be allowed to talk in loud voice on mobile after 10 pm, nor s/he will be able to listen to music in a loud voice. Action will be taken against such people on receiving complaints from passengers. Even after this, if passengers sleeping in a train are disturbed, then it will be the responsibility of the railway administration.   Apart from loud voice complaints, people also complain about lights being on at night.   According to the new rule, in the night journey, all the lights have to be turned off except fo...

Received notice from Income Tax department? Did you make any of these transactions? Expert suggests this checklist

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  If an individual makes high-value cash transactions, there is a strong possibility that he/she might get a notice from Income Tax Department. The different cash-related transactions include banks, mutual fund houses, brokerages, and property registrars If an individual makes high-value cash transactions, there is a strong possibility that he/she might get a notice from Income Tax Department. The different cash-related transactions include banks, mutual fund houses, brokerages, and property registrars. The high-value transactions must be always reported to the income tax department if the value surpasses a particular threshold. The Income Tax Department has settlements with multiple government agencies to obtain financial records of individuals who indulge in high-value transactions but do not report them on their tax...