Technodealz - Technology Updates & News

  Section 80TTB Income Tax exemption limit for senior citizens: Interest income of up to Rs 50,000 from savings accounts, fixed deposits and recurring deposits is currently exempted from income tax for senior citizens under Section 80TTB of the Income Tax Act. SBI Research suggests in its recent report that this limit should be increased to Rs 75,000/Rs 1 lakh. Also Read –  Will Union Budget 2023 Help in Boosting the Indian Economy? “Under 80TTB interest income from deposits by senior citizen (Savings bank accounts, fixed deposits, recurring deposit accounts) up to Rs 50,000 is exempted from income tax. This threshold may be increased to Rs 75,000 / Rs 1 lakh which still will have much lower fiscal cost,” writes Dr Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI. SBI Research also suggested that the Government should increase the maximum age limit for subscription to Sukanya Samriddhi Yojana (SSY) to 12 years as a one-time measure to boost small saving deposits...

  As per the notification by the railway department, 69 more trains scheduled to depart on January 25 were partially cancelled. IRCTC Update:  The Indian Railways on Tuesday fully cancelled over 240 trains due to maintenance and operational-related works for infrastructure upkeep and safety. As per the notification by the railway department, 69 more trains scheduled to depart on January 25 were partially cancelled. Train passengers must note that tickets booked via the IRCTC website will be cancelled automatically and a refund will be initiated in the user’s accounts. Read More:   SpiceJet announces Republic Day sale with fares starting at Rs 1,126; check details COMPLETE LIST OF FULLY CANCELLED TRAINS ON JANUARY 24, 2023 (TUESDAY) Please find the following complete list of cancelled train numbers – 00402 , 01583 , 01590 , 01605 , 01606 , 01607 , 01608 , 01609 , 01610 , 01625 , 01626 , 01811 , 01812 , 01819 , 01820 , 02518 , 03085 , 03086 , 03359 , 03360 , 03592 , 03649 ,...

  Permanent Account Number or PAN Card has become a very important document today. It is needed everywhere from availing financial services to filing income tax returns. Without PAN you cannot even open an ordinary bank account. Investment in any financial sector cannot be done without it. In such a situation, if someone loses important documents like PAN card, then there can be a lot of problem. But there is nothing to be worried about. Electronic PAN card or e-PAN card will solve this problem. Most of the financial institutions accept e-PAN card. You can carry e-PAN card in your phone and it is also very convenient. Instead of filling a two page form (PAN Card Form), you can apply online for a new PAN card in just 10 minutes. For this, you need to complete your Aadhaar and e-KYC process. PAN card is a 10 digit alphanumeric number issued by the Income Tax Department. On the other hand, e-PAN is a virtual PAN card that can be used for e-verification anywhere if required. Easy steps...

  Assembly election 2022 is near. In such a situation, if you want to know whether your name is in the voter list or not, then we will tell you a simple way here. In this way you can check your name in voter list sitting at home. Check your name in voter list :- 1. You can check whether your name is there in the voter list or not by visiting the NVSP website. For this you go to the official website. 2. Here you will get the option of Search Electoral Role on the main page. Now click on that option. After this a new web page will open, enter your information in it. 3. The new webpage will show you two ways to check your name in the voter list. 4. The first option to search is that you have to enter your name, father’s/husband’s name, age, date of birth. After entering this information, you will have to enter the information of your state, district and assembly constituency. 5. Another option to search is to search by EPIC number. In this process you have to enter your EPIC number an...

  While many people use tax exemption, deduction and rebate interchangeably, each one of it has its own connotation and meaning different from the other. Income Tax Exemption Vs Rebate Vs Deductions:  The Union Budget 2023, which will be tabled in Parliament on Febuary 1, will be keenly watched by taxpayers as they look forward to relaxations in taxability of their income. The relaxation in income tax is given by the government in three ways — exemption, deduction and rebate. As the Budget is round the corner, these three terms are important for taxpayers to understand. Also Read –  Budget 2023: Taxpayers’ wishlist includes 80C exemption hike, cut in income tax rates – Key expectations Saurrav Sood, practice leader (international tax & transfer pricing) at SW India, said, “We often find exemptions, deductions and rebate used as words synonym to tax. While many people use it interchangeably, but each has its own connotation and meaning different from the other.” Tax Ex...

  Several states had closed down their schools, especially for younger children, in the starting of January due to a cold wave in the northern region of the country. While the cold settled a bit in the past few days, the minimum temperature touched 1.4°C today in Delhi. From Mau to California |Farmer’s daughter gets 100% scholarship at Stanford University for Bioengineering programme Keeping in mind that the experts have forecast the return of cold wave for the next few days, several states have now decided to extend the winter holidays for school children. Check the complete list here: Read More:   SCARY VISUALS: Indian youth records final moments of Nepal Plane Crash on Facebook Live; Watch Uttar Pradesh In UP, the week started with cold winds in the morning, therefore, Lucknow had changed the timings for students of classes 1 to 8 have been changed to 10 am to 3 pm. No extension of holidays has been announced yet, and classes will continue as usual for classes 9 t...

  Sukanya Samriddhi Yojana is a saving scheme designed for girl children which was launched by Prime Minister Narendra Modi in January 2015, as a part of the Government’s ‘Beti Bachao, Beti Padhao’ campaign. This campaign was launched to encourage parents to build a future fund for the female child’s future education and marriage expenses. The Sukanya Samriddhi Account can be opened before the girl child turns 10 at any India Post Office or at designated branches of commercial banks.  Read More:   LIC Aadhaar Shila policy: Invest Rs 58, earn LAKHS; salient features, eligibility, benefits Parents can open a minimum of two accounts for each child. In the case of twins or triplets, there is an exception that allows for extra accounts. You can transfer the account to any location in India. What are the benefits of opening Sukanya Samriddhi Yojana Account? For the current fiscal year, Sukanya Samriddhi Account gives an interest rate of 7.6%. This investment policy offers the g...

  Traffic police will catch you for rash driving but also cameras on the streets are watching you if you break any traffic rule you have to pay challan. You will get the challan directly at your home if you caught for breaking any traffic rule whether is it signals jump, weaves through traffic, or over speed. Here in this article today we people are going to provide you all the information related to e-Challan Status and relevant information such as the procedure to submit challan, the procedure to check challan status and other relevant information. E Challan Payment Challan is a payment which citizens of the country have to pay if they break any traffic rule as per the guidelines issued by the traffic department. Till now this payment is to be made by the citizens in specific places but as the technology becomes advanced the government of India has launched an online challan payment portal known as “E-Challan – Digital Traffic/Transport Enforcement Solution”. What Is E-Challan? E...

Government has started registrations process for the Pradhan Mantri Kisan Maan-Dhan Yojana (PM-KMY), which was announced during the Budget 2019-20. Under this scheme, a monthly pension of Rs 3,000 will be provided to eligible farmers on attaining the age of 60. Addressing a press conference here at Krishi Bhawan today, Union Agriculture Minister Narendra Singh Tomar appealed to farmers across the country to join the old age pension Scheme, adding that it has been envisioned with an aim to improve the life of small and marginal farmers of the country. The Minister said that the operational guidelines have been shared with the states and Agriculture Secretary Sanjay Agarwal conducted a Video Conference with States in this regard to ensure proper information dissemination and speedy implementation of the Scheme. Tomar elucidated the salient features of scheme given here:  1. According to the minister, the scheme is voluntary and contributory for farmers in the entry age group of 18 to...