2 Different Accounts In Your PF Account, From April 1, 2022 – Here are new rules

November 17, 2021

The central government has notified new income tax rules. Under these rules, the existing Provident Fund (PF) accounts will be divided into two separate accounts. With this move, the government will be able to levy tax on the income earned by the employees from the money deposited in the PM, which is more than Rs 2.5 lakh annually. This means that if the PF account earns more than 2.5 lakhs,…

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Attention PAN card holders! THIS mistake may attract a penalty up to Rs 10,000

November 17, 2021

New Delhi: Permanent Account Number (PAN) is a ten-digit unique alphanumeric number issued by the Income Tax Department. The laminated plastic card popularly known as PAN card is an important financial document. Every person has a business or profession with total sale, turnover, or gross receipts that are likely to exceed Rs 5 lakh in any previous year has to obtain a PAN card. Additionally, every person who wants to…

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