Five Things To Know Before You Unlock PF Account Balance

EPF Withdrawal: In certain cases, there is no prerequisite for the employees to have worked for a specified period to claim the PF advance. The EPFO (Employees’ Provident Fund Organisation) recently made some changes in terms of withdrawal of the PF account balance. Now its…

75% of EPF can now be withdrawn after 1 month of Unemployment

EPFO withdrawal: As per the current rules, the EPFO members are entitled to withdraw their entire balance after two months of unemployment. The Employees’ Provident Fund Organisation (EPFO) today announced that its members can now withdraw upto 75% of outstanding balance from their PF accounts…

Government decides to discontinue overtime allowance for most employees

The government has also decided not to revise the rate of overtime allowance or OTA for the operational staff and they would continue to get the amount as per its order issued in 1991. The Centre has decided to discontinue overtime allowance given to its…

Puducherry budget to be presented on July 2

The assembly which was adjourned sine die after a two-day meeting on June 5 has been reconvened to meet on July 2, the release added. With the Centre giving its nod, the 2018-19 Budget session of territorial Assembly will be presented for Puducherry on July…

Petrol prices reduced, diesel also gets cheaper

Petrol Prices dropped between 14 paise and 18 paise per litre in Delhi, Kolkata, Chennai and Mumbai while diesel¬†rates were reduced by 10 paise. Oil prices have been cut for the fifth straight day. There was a reduction of 10 paise per litre in Delhi,…

New ITR form gets simpler. Read to know more about salary breakup

Income tax return form: The new ITRs have been uploaded on the official website of the department–www.incometaxindia.gov.in. The last date for filing the ITR is July 31. The Central Board of Direct Taxes notified the new Income Tax Return (ITR) forms for the financial year…

5 income tax changes applicable from April 1, 2018

On the gains capital exceeding Rs. 1,00,000 on sale of equity share or units of equity-linked funds, 10% tax will be applied from April 1. In the budget 2018 speech, Arun Jaitley has introduced various tax changes which will come into effect from April 1,…