No tax on up to Rs 50,000 interest for senior citizens

December 10, 2018

MUMBAI: The Central Board of Direct Taxes (CBDT) has learnt of instances where banks wrongly deducted tax at source (TDS) on interest income earned by senior citizens. In a notification issued on December 6, it has clarified that no TDS has to be deducted under section 194-A of the Income Tax (I-T) Act in the hands of senior citizens, unless their interest income in the aggregate exceeds Rs 50,000 in…

Read More >>

PUBG Mobile Vikendi Map Release Date Leaked, Officially Hits Beta on Monday

December 10, 2018

The mobile version of PlayerUnknown’s Battlegrounds will reportedly get the highly-awaited snow terrain map Vikendi on December 20, according to leaked patch notes obtained by multiple websites. The map will first be available for beta users on Android and iOS starting Monday, for just one day. On Friday, the likes of XDA Developers and Beebom claimed to have obtained the patch notes for PUBG Mobile 0.10.0 update, which revealed that…

Read More >>

Good news for govt employees! Centre to hike contribution to National Pension Scheme

December 8, 2018

In a bonanza for government employees, the Cabinet on Thursday raised the government’s contribution to National Pension Scheme (NPS) to 14 per cent of basic salary from the current 10 per cent, sources said. Minimum employee contribution will, however, remain at 10 per cent. The Cabinet also approved tax incentives under 80C of the Income Tax Act for employees’ contribution to the extent of 10 per cent, they added. Presently,…

Read More >>

Low iPhone battery life? Apple gives you time till December 31 to replace it for Rs 2,000

December 7, 2018

If you are an iPhone user and your battery drains out way faster than the usual rate after using for more than one year, here’s your last chance to fix it at a discounted price — Apple’s battery replacement programme at $29 (around Rs 2000) is set to end on December 31. The offer is valid for the battery replacements of iPhone SE, iPhone 6, iPhone 6 Plus, iPhone 6s,…

Read More >>

Pensioners having SBI account: Here’s what you need to know about submission of Life Certificate

December 7, 2018

The State Bank of India is tweaking several features in order to improve customers experience. While some of the features are phased out and replaced by more advanced options, it is also looking to take strides in enhancing digital banking in accordance with government’s vision of Digital India. Like from December 1, SBI customers will not be able to do net banking if they don’t have their phone numbers linked…

Read More >>

Soon Transfer Money From One Wallet To Other Via UPI

December 6, 2018

After the RBI has come out with rules on interoperability of PPIs or prepaid payment instruments, you will soon be able to transfer money from one mobile wallet to other. The phenomena of interoperability facilitate compatibility between payment systems and once it takes final shape users will be able to transfer funds between mobile wallets and from mobile wallet to bank accounts. Further the central bank said that in cases…

Read More >>

I-T dept working on pre-filled income tax return forms, says CBDT chief Sushil Chandra

December 6, 2018

Income tax payers will soon get pre-filled ITR forms that will make the process of filing returns easier, Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra has said. The tax department is working on the pre-filled income tax return (ITR) forms which would be based on tax deducted at source (TDS) details filed with the department by the employer or any other entity. “You will be getting a pre-filled…

Read More >>

Good News! High-Security Registrations plates to come pre-fitted with vehicles from April 2019!

December 6, 2018

The Ministry of Road Transport has issued a notification that brings a big change to the Central Motor Vehicle Rules, that will make it mandatory for all vehicle manufacturers to roll out vehicles with High-security Registration Plates (HSRP) starting April 2019. Thus eliminating the buyer from the task of having to wait in line at the DMV for high-security plates. Infact this move should not come as a surprise since…

Read More >>

Indian Premier League 2019 Auction: Yuvraj Singh Enters With Rs 1 Crore Base Price, Glenn Maxwell, Aaron Finch Opt Out

December 6, 2018

The Indian Premier League 2019 (IPL) auction will happen on December 18 in Jaipur and the momentum has already picked up with some significant names reportedly opting out. As reported by ESPNCricinfo, flamboyant Australian batsmen Glenn Maxwell and Aaron Finch have opted out of the auction, largely owing to Australia’s hectic schedule in the run-up to the 2019 World Cup. Among the Indians, Yuvraj Singh – after a dismal IPL…

Read More >>

SBI may block your netbanking services from December 1

December 4, 2018

Some customers of State Bank of India (SBI), the country’s largest public lender, will not be able to access internet banking facility if they do not link their mobile number with their respective accounts. On its website, the bank said: As per Reserve Bank of India (RBI) advisory, it is mandatory to register your mobile number to avail internet banking services. The RBI had on July 6, 2017, made it…

Read More >>

Watch: Apple gives away free iPhone XR to these lucky people

December 4, 2018

Just imagine you participate to be one in the studio audiences of a live television chat show and walkaway home with a brand new iPhone. If you follow The Ellen Show then you would already know what we are talking about. On the fifth day of the 12 days of giveaways in The Ellen Show, Apple, for the first time in the history of the show, participated in the giveaway and everyone in the…

Read More >>