8th Pay Commission Approved: What It Means for Government Employees and Pensioners Salary Hikes: The Indian government has approved the 8th Pay Commission, bringing fresh hope for central government employees and pensioners. The commission will review and recommend...
Say No to Cash Transactions: Understanding Income Tax Implications The Income Tax Department strongly advocates responsible use of cash to ensure compliance with tax laws. Various provisions in the Income Tax Act restrict excessive cash transactions, and violating...
Personal loans offer flexible repayment tenures and quick loan disbursement which is a great option if you are looking for urgent funds to cover your sudden expenses for a while. In India, Aadhaar card has proved to be a very important document for availing of...
SBI has launched two new deposit schemes: Har Ghar Lakhpati, a recurring deposit plan helping customers save ₹1 lakh or more, and SBI Patrons, a fixed deposit scheme offering higher interest rates for senior citizens aged 80 and above. The State Bank of India (SBI)...
From January 1, 2025, some of the bank accounts will be closed as per the Reserve Bank of India’s (RBI) new guidelines. As per the central bank’s directives, three specific types of bank accounts will be closed to enhance security, reduce fraud, and...
Income tax rule: As 2024 ends, it’s clear that India’s financial sector has experienced significant income tax reforms. The Union Budget 2024-25 introduced impactful changes to personal income tax, further refined by announcements in July 2024. Effective...
