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  This is particularly noteworthy at junior levels where the non-merit increase projections are as high as 3.3 per cent, the findings showed. Read More:- Big Chemical Firm, BASF To Slash 2,600 Jobs Due To Cost-Cutting Bid Salary Hike Latest News Today:  At a time when several firms across the globe are laying off people due to various reasons, a report by a leading global professional services firm on Thursday claimed that the  salary  of employees in India is expected to increase by 10.3 per cent in 2023, compared to an actual increase of 10.6 per cent in 2022. The report by Aon, a leading global professional services firm, said although slightly lower than last year, the projected increase continues to be in the double digits despite concerns about economic volatility, which may be in response to attrition rates. Read More:- All You Need To Know About PM Kisan Urja Suraksha Evam Utthaan Mahabhiyan “India Inc. has awarded aggressive salary increases over the last tw...

  Like every month, in March too many rules related to your money can change and that may impact your monthly budget. New Rules From March 1:  The month of February is about to end in just a few days. From March 1, several new rules will come into effect and that may affect your monthly budget. The month of March may see many important changes, which include social media, bank loans, LPG cylinders, bank holidays etc. At the same time, changes can also be seen in the train timetable. So let’s know which new rules are going to be implemented in March and how they may impact your monthly expenses. Read More:   Bank Holidays in March 2023: Banks to remain closed for 12 days – Check full list BANK LOAN CAN GET EXPENSIVE Reserve Bank of India has recently increased the repo rate. After this many banks have increased the MCLR rates. This will directly affect the loan and EMI. Loan interest rates may increase, and the burden of EMIs may bother the common man. LPG AND CNG PRICES M...

          COMMENTS Income Tax for NRI: NRIs have to file income tax as per Indian Income Tax Act, 1961 Income Tax for NRI:  Indian Income Tax system is designed in a way that it covers all including Non-Residential Indians (NRIs). NRIs have to file income tax as per Indian Income Tax Act, 1961. There are many factors that need to be considered before filing the income tax. Let’s take a quick look: INCOME TAX FOR NRI: WHO WILL COME UNDER THE UMBRELLA OF RESIDENT INDIANS? A person who stays in India for182 days or 6 months in a year will be considered an Indian resident for that year. If a person is staying in India for a period of 60 days or more during the year and 365 days or more during 4 years immediately preceding the previous year then they will be considered an Indian resident. Read More:  Is Income On Fixed Deposits Taxable In India? It should be noted that, if someone is an Indian citizen working abroad or a crew member on an Indian ship, only ...

  Paytm starts the facility ‘Cancel Protect’ at a premium of Rs 149 for flight tickets and Rs 25 for bus tickets One97 Communications Ltd (OCL), which owns the brand Paytm, on Wednesday said it has introduced a facility ‘Cancel Protect’, under which users can protect themselves against cancellation charges levied by airlines or bus operators. It starts at a premium of Rs 149 for flight tickets and Rs 25 for bus tickets. Read More:   PAN Aadhaar Link: How To Know If Your PAN Card Is Valid Or Not? “The customer can claim a 100 per cent refund with ‘Cancel Protect’ for trips that are cancelled through Paytm at least 24 hours before the scheduled departure time for flights and at least four hours before the scheduled departure time for buses. With ‘Cancel Protect’, there is no cap on the refund amount and the fare is credited instantly into the source account upon cancellation,” Paytm said in a statement. It said customers can purchase ‘Cancel Protect’, starting at a premium of Rs...

  SHARE   TWEET   SHARE   EMAIL   COMMENTS Bank Holidays March 2023: There will be a total of 12 bank holidays in March, including the second and fourth Saturdays and all Sundays. Bank Holidays March 2023:  Banks will remain closed for a total of 12 days in March 2023 and these include weekends as well. Hence, it is important for all to plan their bank-related tasks to prevent any delays. As a norm, banks in India continue to work on the first and thirs Saturdays of the month, while the second and fourth Saturdays are considered holidays, so the public are requested go through the list of bank holidays in March to avoid any inconvenience. In March 2023, private and public sector banks will remain closed due to bank holidays as per the Reserve Bank of India (RBI) calendar. Read More:   What Is A Credit Score? Know The Significance And Ways To Improve It Banks may also be closed on all public holidays based on the regional holidays of the particular stat...

  The RBI has implemented security features on banknotes to make them more difficult to counterfeit. Fake currency refers to counterfeit money or currency notes that is produced illegally and is used to deceive people or defraud the economy. The circulation of fake currency can lead to several negative consequences, such as inflation, devaluation of the currency, loss of public trust in the financial system, and disruption of the economy. The issue of fake currency is a significant problem that has been reported from time-to-time. The Reserve Bank of India (RBI) and the government have taken several measures to address the issue of fake currency in India. The RBI has implemented security features on banknotes to make them more difficult to counterfeit. Read More:   PM Kisan 13th Installment Likely This Week; How To Check Beneficiary Status Additionally, the government has introduced several laws and regulations to combat the production and distribution of fake curren...

  Section 115BAC Income Tax Calculator as per Finance Bill 2023: The Income Tax Department has released a tax calculator that can be used by taxpayers to calculate their tax liability as per the revised Section 115BAC proposed in Finance Bill 2023. Under Section 115BAC, the basic exemption limit has been raised from Rs 2.5 lakh to Rs 3 lakh. Moreover, this section was earlier applicable to individuals and HUFs only. As per Finance Bill 2023, this section will now be applicable to Individuals, HUF, the Association of Persons (AOP, other than cooperative societies), the Body of Individuals (BOI), and Artificial Juridical Person (AJP). Read More:   ITR filing Last Date 2023-2024: Due date to file Income Tax Return TAX CALCULATOR: HOW IT WORKS The Tax Calculator shared by the Income Tax Department will give you a comparison of tax liability under Old and New Regimes to be applicable from Assessment Year 2024-25. The tax calculator can be accessed at – https://incometaxindia.gov.in...

  PAN Aadhaar Link:  The Indian Income Tax Department has been reminding PAN cardholders to link their PAN cards with Aadhaar cards multiple times. The deadline for PAN Aadhaar linking is March 31, 2023. If the link is not established by this date, the PAN card will become invalid, and a fine of Rs 1,000 will be charged for late linking. Also Read –  Which bank offers most affordable home loan? Check latest rates from SBI, HDFC, PNB and Bank of Baroda Out of 61 crore PAN cardholders, 48 crore people have linked their PAN with Aadhaar, while 13 crore people have not yet linked Aadhaar with PAN, according to Central Board of Direct Taxes Chairperson Nitin Gupta. Those who miss the deadline for linking Aadhaar with PAN by March 31, 2023, will not receive benefits associated with PAN cards. The Indian government has made it clear in the Budget 2023 that PAN cards can be used as a business ID. Therefore, any taxpayer will face difficulty in filing their income tax returns or c...

  The Central Board of Direct Taxes (CBDT), through a notification dated February 10, has notified ITR forms 1-6, ITR-V (verification form) and ITR acknowledgement form. The Income-Tax department has notified forms for filing I-T returns by individuals as well as businesses for 2022-23 fiscal year. The Central Board of Direct Taxes (CBDT), through a notification dated February 10, has notified ITR forms 1-6, ITR-V (verification form) and ITR acknowledgement form. Read More:   ITR filing online: Check last date and all about ITR 1 Sahaj form for salaried employees AMRG & Associates Senior Partner Rajat Mohan said CBDT has notified the income tax return forms for Assessment Year 2023-24 (for income earned in 2022-23) quite early, which would help taxpayers prepare their income returns early this year. Last year, such forms were notified in the first week of April. “Early notification of ITR forms would give ample time to all the stakeholders, including the e-filing portal, t...