India Business News: New versus old tax regime: Resident individuals with total income up to Rs 5,00,000 are eligible for tax rebate under the regular tax regime. For resi
TDS on salary, income tax refund: A salaried is required to choose tax regime twice - one for tax deducted on salary by employer and secondly while filing ITR.
Financial Literacy News: The Employees' Provident Fund Organisation (EPFO) offers a convenient solution for its members when changing jobs: automatic transfer of EPF accounts. Despite its usefulness, this facility remains relatively unknown.
Automatic EPF account transfer: Employees Provident Fund (EPF) members can now automatically transfer their provident fund accounts from their old employer to new employer. However, this facility is available to certain EPF members only satisfying certain conditions. Read on to know to whom automatic EPF account transfer facility is available and how it works.
Financial Literacy News: The Employees' Provident Fund Organisation (EPFO) has introduced an online feature on its Member e-Sewa portal, allowing EPF members to complete their KYC (Know Your Customer) process and correct details in their provident fund accounts. This new facility, named "joint declaration," simplifies the process for EPF members, eliminating the need for offline submissions.