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  SHARE   TWEET   SHARE   EMAIL   COMMENTS Minister for External Affairs S Jaishankar has confirmed that the central government is striving to implement e-passports that will facilitate international travel and provide protection against identity theft. The announcement came on the occasion of Passport Seva Divas when the minister explained the government’s intention to enhance the citizen experience and public delivery. An e-passport (electronic passport) will function in the same way as a traditional physical passport, but will also have a small electronic chip inside that is reminiscent of a driver’s licence. All of the passport holder’s vital information will be stored on the chip, including name, birthdate, address, and other details. These passports will use an RFID chip and have an antenna built into the back cover as an inlay. This chip will make it easier for officials to immediately check a traveller’s information. The government has already announced that Tata Consultancy Se

  July 1 marks the beginning of the second quarter of the financial year as well, which means that there will be a host of rule changes relating to financial matters this month. Financial Changes from July 1: The month of July is going to kick in soon, and this means there will be a host of changes that will affect your money matters. It must be also noted in this regard that July 1 marks the beginning of the second quarter of the financial year as well, which means that there will be a host of rule changes relating to financial matters this month. From credit card rules change, income tax rule change, to TDS on cryptocurrencies, a host of new financial rules in July are about to set in. HERE ARE FIVE KEY FINANCIAL RULE CHANGES FROM JULY 1, 2022: Read More:   Is July 1 a Bank Holiday? Banks to Remain Closed for 14 Days in July; Check Full List Credit Card Rules Change From July 1, rules related to credit card closure, billing cycle and others are set to go through a change. The RBI has

  The last date to file Income Tax Return for FY (Financial Year) 2021-22 is July 31, 2022. For other taxpayers to whom audit is applicable, the return filing due date is October 31, 2022. Normally, the due date for filing ITRs for all assesses whose accounts are not required to be audited is July 31. The procedure of filing an Income Tax Return varies as per the income earned per year and income source like salary, business profit, investment profit and so on. Getting all your documents ready is just one aspect of it. There are certain documents required to be submitted and held as evidence under the Income Tax Act, 1961 and Income Tax Rules, 1962. Generally, the required documents are Copy of PAN card, Copy of AADHAR card, Bank Statement / Bank passbook, Income Tax Login id & password. Other than that, it depends which tax you are eligible to pay. Check here the details of the documents needed for filing Income Tax Returns in India. Read More:   Income Tax Return filing | Last da

  SHARE   TWEET   SHARE   EMAIL   COMMENTS Minister for External Affairs S Jaishankar has confirmed that the central government is striving to implement e-passports that will facilitate international travel and provide protection against identity theft. The announcement came on the occasion of Passport Seva Divas when the minister explained the government’s intention to enhance the citizen experience and public delivery. An e-passport (electronic passport) will function in the same way as a traditional physical passport, but will also have a small electronic chip inside that is reminiscent of a driver’s licence. All of the passport holder’s vital information will be stored on the chip, including name, birthdate, address, and other details. These passports will use an RFID chip and have an antenna built into the back cover as an inlay. This chip will make it easier for officials to immediately check a traveller’s information. The government has already announced that Tata Consultancy Se

  On several occassions people change their address, move to other constituencies, due to which the Election Commission of India has to keep updating the voters list periodically. Hence, if you are an aware voters, you might want to check your name on the ECI website at occassional intervals. New Delhi: The Election Commission of India (ECI) provides the voters an online and seamless facility to check their name in the voters list. Details such as first name, last name, assembly constituency, gender, etc. are required to perform the search. Alternatively, you can also use your EPIC number to perform the search. Election Commission of India updates its voter’s list on a regular basis. On several occassions people change their address, move to other constituencies, due to which the ECI has to keep updating the voters list periodically. Hence, if you are an aware voters, you might want to check your name on the ECI website at occassional intervals. Read More:   Here’s how to claim health

  New Delhi: Aadhaar issuing body Unique Identification Authority of India (UIDAI) now allows the users to download Aadhaar card from the UIDAI’s official website even if they dont have a registered mobile number.  Users can now download Aadhaar PVC card without registered mobile number from UIDAI website. For the purpose the below mentioned steps can be followed:  Read more:   Amid Agnipath Protests, Green Signal To Rajdhani; Over A Dozen Trains Cancelled 1. Visit the official website of UIDAI https://residentpvc.uidai.gov.in/order-pvcreprint and select ‘My Aadhaar’ 2. Click on the ‘Order Aadhaar PVC Card’ option and enter your 12 digit Aadhaar card number  3. Enter the captcha-code 4. Click ‘My mobile number is not registered’ option  5. Enter an alternate mobile number and click ‘Send OTP’ button. This could be any mobile number you choose to give where you will recieve an OTP number 6. Click on the ‘Terms and Conditions checkbox and select the ‘Submit’ button after you have punched

  New Wage Code: The government is preparing to implement the new wage code from next month i.e. July 1.  The change in the wage code from July 1 will have the biggest impact on the employees of the private sector.  If you also do a private job, then this news is of your use.  After the implementation of the new wage code, the in hand salary of the employees will be reduced.  But your retirement benefit will increase. Preparation to be implemented from July 1 With the implementation of the new labor code, you will have both advantages and disadvantages.  According to the news, the New Wage Code 2019 is set to be implemented from July 1.  For example, the CTC of an employee consists of basic salary, HRA, retirement benefits like PF and gratuity and other allowances. Also read:-  Floating Rate FD: Yes Bank links FD rates with repo rate, know what will be the benefit of customers The basic salary will be 50 percent of the CTC, in the existing structure, the basic salary ranges from 30 to

  “Income-Tax (I-T) department has identified certain high value information which does not appear to be in line with the income tax return (ITR) filed for Assessment Year (AY) 2021-22 (relating to FY 2020-21).”  Have you also received the same message via an SMS? But what if you don’t have any high value transactions to report. In that case, you have nothing to worry as such messages are part of the I-T department’s e-campaign. Read More:- What’s XE mutant of coronavirus? Should we be afraid of this Omicron BA.1, BA.2’s recombination – all you must know “The aim of the e-campaign is to notify the taxpayer about transactions reported against their PAN by agencies like banks, brokers etc. An email or SMS is triggered when the system identifies discrepancies in the information available with the tax department and the information filed by the taxpayer in their income tax return,” said Neeraj Agarwala, partner, Nangia Andersen. The idea is to promote voluntary compliance to avoid the noti

  Bank Holidays in July 2022: The month of July is about to start and if you are also going to go to the bank branch in July and settle the banking work, then definitely read this news first.  Reserve Bank of India (RBI) has released the July Holidays List. Also read  -  SEBI Fine on RIL: Mukesh Ambani's company Reliance Industries has been fined heavily, know what is the matter?   Bank Holidays In July 2022: Only    10 days are left for the start of July.  If you are planning to do any work related to the bank in the month of July, then definitely read this news first.  Reserve Bank of India (RBI) has released the list of holidays for July 2022.  According to this list, banks are going to be closed for a total of 16 days in July.  RBI DIVIDED THREE CATEGORIES OF HOLIDAYS The Reserve Bank of India (RBI) has divided the bank holiday list into three categories.  (Bank Holidays In july 2022) This includes Negotiable Instruments Act, Real Time Gross Settlement Holiday and Banks Closing

  SHARE   TWEET   SHARE   EMAIL   COMMENTS Fixed deposit interest rates are increasing thus giving some respite to the fixed income investors especially retirees and senior citizens. Many banks have already increased their fixed deposit interest rates. With RBI increasing the repo rate by 0.90 per cent over two separate rate hikes in the last 2 months, the cost of funds has gone up and the increase in FD rates looked imminent. Among the leading banks, SBI, Bank of Baroda, ICICI Bank, HDFC Bank, PNB, Axis bank have already increased the FD rates. Bank of Baroda Latest FD Rates Bank of Baroda has hiked fixed deposit interest rates on Domestic Term Deposits including NRO and NRE Term Deposits of below Rs 2 crore by up to 40 basis points. These rates are applicable with effect from June 15, 2022. Read More:   Keeping Money in Post Office? Know New Service Fee by India Post Payments Bank Above 1 Year to up to 400 days: 5.45 Above 400 days to up to 2 Years: 5.45 Above 2 Years to up to 3 Year