How To Keep You And Others Safe Online: Here Are 9 Tips To Protect Your Data Anywhere

February 6, 2019

The need to build products with strong security protections at their core to continuously and automatically detect and protect you and your data from a wide range of threats hasn’t been greater. This Safer Internet Day, we also want to empower you with simple tips for a more secure online experience. Here are my top tips for all users… 1) Secure Your Phone If you’re an Android user, the safest…

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How to protect yourself from OTP theft

February 5, 2019

A new form of one-time password (OTP) theft recently came to light in Bengaluru, according to a recent news report, wherein a fraudster posing as a bank employee asked for customers’ OTP for ostensibly updating their credit/debit card details. While techies in the city reportedly lost large sums of money, no one has been arrested yet. While fraudsters got innovative in Bengaluru, the problem of OTP theft is much wider…

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How To Calculate Income Tax For Assessment Year 2020-21

February 5, 2019

  From the announcement of a full tax rebate on an annual income up to Rs.5 lakh to a 25 per cent hike in standard deduction applicable to the salaried and pensioners, the Budget 2019 proposes few key changes to income tax laws. Once the new income tax rules come into effect, that is, from Assessment Year 2020-21, individual assessees’ tax outgo will change accordingly. Financial experts have shared few examples…

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India will have chip-based e-passport and simplified visa norms

February 5, 2019

India’s Prime Minister Narendra Modi, while addressing the 15th Pravasi Bharatiya Diwas (PBD) in his parliament residency on Tuesday, said that will soon replace its traditional paper passports with chip based e-passport. Modi was speaking at a convention in Gujarat focussed on non-resident Indians. He reportedly said that the embassies and consulates are connecting with the Passport seva project worldwide to introduce a centralised passport system. Talking of prioritising ‘happiness…

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Salaried people take note! Here’s how you can pay zero tax on income up to Rs 10 lakh

February 4, 2019

Budget 2019: Finance Minister Piyush Goyal’s Budget announcements mainly comprised benefits for the salaried and middle class, farmers and labourers. Among all the major announcements during Goyal’s speech was the income tax “rebate” for people with income up to Rs 5 lakh per year. Goyal said people are not required to pay any income tax on the annual income up to Rs 5 lakh as they will get the full…

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LPG Cylinder Gets Cheaper. Here’s How Much You Pay Now

February 2, 2019

Domestic cooking gas (LPG) price was cut by Rs. 1.46 per cylinder Thursday, the third straight reduction in a month’s time due to tax impact on reduced market rate of the fuel. A 14.2-kg subsidised LPG cylinder will now cost Rs. 493.53 in the national capital from midnight of Thursday as against Rs. 494.99 currently, Indian Oil Corp (IOC), the country’s largest fuel retailer, said in a statement. This is…

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Budget 2019: Govt proposes Kisaan scheme, to transfer Rs 6,000/year to small farmers

February 2, 2019

New Delhi: To provide relief to distressed farmers, Finance Minister Piyush Goyal proposed Kisaan scheme under which Rs 6,000 per year will be transferred directly to bank accounts of small farmers. The Kisaan scheme is likely to benefit 12 crore farmer families, Goyal said. The income support scheme for farmers will cost the government Rs 75,000 crore per year. First instalment of Rs 2,000 to be given to farmers soon…

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Budget 2019: Sops to taxpayers, relief in standard deductions

February 2, 2019

Individual taxpayers taking home up to ₹5 lakh a year will be spared from having to pay income tax from the next financial year, finance minister Piyush Goyal said on Friday, as he unveiled a middle class friendly interim budget ahead of the next general election. The benefit will accrue in the form of a tax rebate and does not amount to a tax exemption offered to people earning up…

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Budget 2019: Taxpayers delight! Now expect tax refund in one day; no personal interface between taxpayers and tax officers

February 2, 2019

The push towards digital transactions is fast catching up across all the medium of the society. With the advent of Fintech players, processing of reimbursement claims has already gone paperless, the filing of income tax returns had also become compulsory for those with income above Rs 5 lakh. Even though the processing of income tax refund is already online as the refund comes directly to your bank account, the processing…

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Budget 2019: No income tax up to Rs 5 lakh is good news, but how to claim the benefit of tax rebate

February 2, 2019

Giving relief to people in the lower middle income group, Finance Minister Piyush Goyal, while presenting the Budget 2019, announced total tax rebate to assessees having taxable income up to Rs 5 lakh, while the income tax slabs were left untouched. So, the benefit may be availed by only those people whose taxable income doesn’t exceed the threshold limit of Rs 5 lakh, and for other taxpayers having taxable income…

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India’s first app for shopping in malls and markets launched

February 1, 2019

A first of its kind app recently launched by UNYDE Systems in Noida in Logix Mall and various neighbourhood markets solve all the common issues that are faced by offline shoppers. It is one single platform that notifies users of all the latest offerings — deals, product launch, store information, product catalogues, offers on their mobile phones; never letting them miss out on the latest updates when in or around…

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PAN Card Application: Check New Rules, Important Dates, Other Details Here

February 1, 2019

The Income Tax Department recently changed the PAN (permanent account number) card rules in order to prevent tax evasion. The new rules will come into effect from December 5, 2018. PAN, an unique 10-digit alphanumeric identity allotted to every taxpayer by the income tax (I-T) department, will now be mandatory for financial entities which make transactions worth Rs. 2.5 lakh or more in a financial year. The amended rules also provide that furnishing of father’s name…

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