EPFO may soon credit interest for 2020-21 in accounts of 60 mn subscribers

October 12, 2021

The Employees Provident Fund Organisation (EPFO) may soon credit the interest declared for 2020-21 in the accounts of 60 million subscribers, bringing some festive cheer to the salaried class. The interest rate of 8.5%, declared for 2020-21 in March this year, has been awaiting the finance ministry’s approval for over six months now. A top official of the labour ministry told ET that a meeting was recently held between the…

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Top 5 benefits of filing Income Tax Return on time

October 12, 2021

Income Tax Return (ITR) filing due date for Assessment Year 2021-2022 is December 31st, 2021. As per the Income Tax rules, any individual having an annual income above Rs 2.5 lakh should file ITR. Income up to Rs 5 lakh is tax-free. Experts advise that even if you have no tax liability, you should file ITR on time for enjoying several benefits. Due to technical glitches in the new tax…

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