IPL 2018: Indian Premier League opening ceremony moved to April 7

March 21, 2018

The opening ceremony of Indian Premier League will be held at Mumbai’s Wankhede Stadium on April 7, confirmed the Board of Control for Cricket in India (BCCI) sources. “The opening ceremony was earlier planned for April 6, but was later changed,” said the sources. The decision, reportedly, has been taken at the behest of Supreme Court-appointed Committee of Administrators. The opening game will see defending champions Mumbai Indians take on…

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Income tax on mind? 10 incomes you need not pay any tax on

March 21, 2018

It is believed that death and taxes can’t be avoided in life. There is also a common perception that only income falling under the basic exemption limit (ie, Rs 2,50,000 for individuals of less than 60 years) is tax free. However, very few people know that apart from this basic exemption limit, taxpayers also get tax benefits on certain incomes. Yes, you heard it right! The incomes which are tax…

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7th Pay Commission: Government may offer salary hikes beyond recommendations

March 21, 2018

The Narendra Modi led government is planning to increase the minimum pay for central government employees from Rs 18,000 to Rs 21,000 from April 2018. The center is also reportedly considering salary hikes beyond the 7th Pay Commission recommendation for the Central government staffs. The pay hike plan is expected to be approved in April this year, Financial Express reports quoting Finance Ministry officials. Here are some points you should know…

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Cheque Books Of These Banks Valid Only Till March 31, 2018. Details Here

March 21, 2018

State Bank of India (SBI), the largest lender of the country, today said that the customers of the erstwhile associate banks and the Bharatiya Mahila Bank (BMB), which merged with SBI last year, should apply for new cheque books by March 31. Five erstwhile associate banks and BMB merged with SBI with effect from April last year. SBI had later asked the customers of these banks to get new cheque…

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H1B Visa Application Process Starts on April 2, But Premium Processing Suspended

March 21, 2018

H1B visa application process will start on April 2, the US Citizenship and Immigration Services (USCIS) has announced. The non-immigrant H1B visa is popular among Indian IT professionals, and allows technology companies hire large number of employees from countries such as India and China. However, the USCIS in its announcement said H1B visa premium processing, which is subject to annual caps, will be suspended temporarily in a bid to reduce overall processing time. The visa…

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Tax Rates: Income Tax Slab For AY 2018-19

March 21, 2018

1. Income Tax Slab Rate for AY 2018-19 for Individuals: 1.1 Individual (resident or non-resident), who is of the age of less than 60 years on the last day of the relevant previous year: Taxable income Tax Rate Up to Rs. 2,50,000 Nil Rs. 2,50,000 to Rs. 5,00,000 5% Rs. 5,00,000 to Rs. 10,00,000 20% Above Rs. 10,00,000 30% 1.2 Resident senior citizen, i.e., every individual, being a resident in India,…

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