Technodealz - Technology Updates & News

  EPFO Pension Calculator: How much pension will you get after retirement? Understand the complete calculation EPFO Pension EPFO ​​users get the facility of pension after retirement. If you also invest in EPFO ​​then this article is for you. In this article, we will tell you about a formula with the help of which you can easily calculate how much pension you will get after retirement. Apart from this, we also know about some rules related to pension. Private job holders get the facility of EPFO ​​to avail pension after retirement. Employee Pension Scheme (EPS) is a type of retirement scheme. In this, the user has to deposit a fixed amount every month, on which interest is given by the government and in this way a huge fund is collected with the user till retirement. In EPFO, the employee has to deposit 12 percent of his dearness allowance along with his basic salary. The amount deposited by the employee is deposited by the company. Let us tell you that the contribution amount is di...

  Reported By:   Aparna Deb News18.com Last Updated:  July 30, 2024, 06:19 IST Stay updated with the latest petrol and diesel prices in Mumbai, other cities for July 30, 2024. Discover the current rates per litre and understand the factors influencing daily fuel prices. Petrol, Diesel Prices Today On July 30, 2024:  Oil marketing companies (OMCs) announce fuel prices at 6 am on a daily basis. The OMCs adjust prices in response to global crude oil prices and fluctuations in foreign exchange rates, ensuring consumers are always informed about the latest fuel costs. Government oil marketing companies release the latest petrol and diesel prices daily at 6 am in the country. The prices have remained unchanged in most parts of the country since March 2024 when the central government cut petrol prices by Rs 2. Before that, the fuel prices remained steady since May 2022, following a reduction in fuel taxes by the central government and several states. Check Petrol Diesel Pri...

  Given the number of holidays this month, it's critical to schedule your bank visits timely. The Reserve Bank Of India has released the list of bank holidays for the month of August. Banks will remain closed for a total of 13 days this month, as per the holiday calendar. Usually, bank branches are closed every other Saturday (second and fourth) and all Sundays. Public holidays are another reason you might find the bank doors shut. In the case of state-specific festivals, the banks will remain shut only in those states, while during national festivals like Christmas, banks will remain shut across the country. Given the number of holidays this month, it's critical to schedule your bank visits timely. The central bank divides holidays for all the banks in the country under three categories- Negotiable Instruments Act holidays, the Real-Time Gross Settlement holidays and the Banks' Closing of Accounts. Here is the complete list of national and regional holidays for August 2024...

  New Fastag Rules: New rules related to Fastag will be implemented from August 1, know what changes will happen Rules Change 1 August: Fastag should remain active. For this, one transaction is required within three months. If there is no transaction, it will become inactive, for which you will have to go to the portal to activate it. Rules Change 1 August:  A new rule is going to be implemented on Fastag related services from August 1. Now after purchasing the vehicle, the vehicle registration number will have to be uploaded on the Fastag number within 90 days. If the number is not updated within the stipulated time, it will be put in the hotlist. After that, an additional 30 days will be given, but if the vehicle number is not updated even in that, the Fastag will be blacklisted. However, the relief is that Fastag service provider companies will have to do the KYC of all five and three year old Fastags by October 31. Time till 31 October The National Payments Corporation of ...

  New Tax System: In the financial year 2020-21, the government started the new tax regime. Since then, some changes are made in it in every budget. The government has made some changes in this budget as well. In this budget, 2 major changes were made in the new tax (Income Tax) system. New Tax System:  In the financial year 2020-21, the government started the new tax regime. Since then, some changes are made in it in every budget. The government has made some changes in this budget as well. In this budget, 2 major changes were made in the new tax system. First, the standard deduction has been increased from Rs 50,000 to Rs 75,000. The second change is that the employee’s contribution under Corporate NPS has been increased from 10 percent to 14 percent. Due to these changes in the new tax system, you can now get tax exemption on salary up to Rs 8.30 lakh. Let’s understand the calculation. First know about the exemption under the tax slab The government has made some changes in...

  Since 2017, Jash Engineering, a public limited company, has been listed on the Indian National Stock Exchange (NSE). In addition to producing an extensive variety of equipment for power plants, steel, cement, paper and pulp, petrochemicals, chemicals, fertilisers, and other process plants, Jash Engineering Limited also manufactures equipment for stormwater pumping stations, desalination plants, water transmission lines, and water and sea water intake systems. In order to analyse and approve the unaudited quarterly financial reports for the period ending in June 2024, as well as discuss and approve stock split and other company-related subjects, Jash Engineering Limited has announced that a board meeting is set for August 8, 2024. The firm recently revealed on July 10, 2024, that orders of Rs. 57 Cr were received in June 2024; orders worth Rs. 25 Cr were for the Indian market, while orders worth Rs. 32 Cr were for global markets. The foreign market's Astra Engineering in Thailand ...

  Top 5 SIP Mutual Funds in 10 Years:  Systematic investment plan (SIP) is a more popular method than lump in mutual fund investment. Monthly data released by the Association of Mutual Funds in India (AMFI) proves it time and gain. SIP gives investors the flexibility to invest a pre-fixed amount every month. They can increase or decrease the amount as per their investment capacity. They don't have to time market as SIP offers them the benefit of rupee cost averaging. Since they also get compounding returns in SIP, if they stay in their investment for long, they can create huge wealth. In this write-up, we are giving the list of the top 5 mutual funds in terms of annualised SIP return (XIRR) in last 10 years. The story will also show you how a Rs 20,000 monthly SIP in each fund has generated wealth more than Rs 1.02  crore.  The fund has given 29.78 per annualised return in 10 years as of July 28, 2024. Its lump sum returns (CAGR) during the same period is 25.73 per c...

  Indian Railway New Rules: Fine will be imposed for traveling with waiting ticket, know the new rule of Railways Railway New Rules: If a passenger with a waiting ticket travels in a reserved coach, he will be fined Rs 440 and the Train Ticketing Officer (TT) can make him deboard mid-way. Railway New Rules:  Indian Railways has recently implemented new rules for passengers traveling on waiting tickets. Till now, passengers whose tickets were confirmed or RAC used to travel by taking waiting tickets in sleeper or AC. Due to this, passengers who had confirmed seats have to face problems. Due to overcrowding in the berths, many types of videos keep going viral on social media these days. Keeping this in mind, the Railways has taken such a decision. How much will be the fine for traveling with a waiting ticket Indian Railways has made a new rule to impose a heavy fine on those traveling without a confirmed ticket. If a passenger with a waiting ticket travels in a reserved coach, h...

  A 1% TDS will apply to property purchases exceeding ₹50 lakh, regardless of the number of buyers or sellers involved, starting from October 1. Under Under a new amendment proposed in Budget 2024, a 1% Tax Deducted at Source (TDS) will apply to the purchase of immovable property (excluding agriculturalland) from a resident seller if the total transaction value exceeds ₹50 lakh. This rule applies regardless of whether there are multiple buyers or sellers, The TDS will be calculated based on either the purchase price or the stamp duty value, whichever is higher. The new provision, which takes effect from October 1, aims to close a loophole where buyers interpreted the rule as applicable only to individual contributions rather than the total consideration. The explanatory memorandum highlights that some taxpayers have been avoiding TDS by paying less than ₹50 lakh each, despite the total property value or stampduty exceeding ₹50 lakh. The amendment clarifies that the total considerat...

  Maharatna PSU oil and gas companies such as GAIL, BPCL, Indian Oil and ONGC-backed one joint venture engaged in the business of LNG/CNG/PNG, is recommended to buy from global brokerages like Nomura and Nuvama. This LNG stock is currently around Rs 365, and has surged by nearly 62% YTD on BSE. On July 25, the LNG stock touched a new 52-week high as well. The latest bullish trend is due to the company's Q1 results. The LNG stock is none other than leading natural gas supplier, Petronet LNG. Here's what brokerages said: Nuvama: Maintain Buy on Company, raise target price at Rs 412/Sh (Positive) Nomura: Upgrade to Buy on Company, raise target price at Rs 405/Sh (Positive).

  Proposed Amendments relating to Direct Taxes in the Budget Proposal 2024-25 Substantial relief in the new tax regime with new slabs and tax rates Standard deduction to salaried individuals and pensioners increased from Rs 50,000 to 75,000 Family pension deduction increased from Rs 15,000 to 25,000 Amount of deduction permissible under section 80CCD proposed to be increased from 10% to 14% in the case of the non-government employer. Angel Tax Abolished Rationalization of taxation of Capital Gains Short-term capital gains on specified financial assets shall be taxed at a rate of 20% instead of 15% Long-term capital gains on financial and non-financial assets will attract a tax rate of 12.5%. Impact of change in Long Term Capital Gains (LTCG) rate and removal of indexation in a few test cases -Tax deducted at source on payment of insurance commission, life insurance policy, commission on the sale of lottery tickets, commission of brokerage, payment of rent by individual or HUF and p...