IMD issues orange alert for seven states, predicts intense wet spell between March 30-April 1

March 30, 2021

New Delhi: The India Meteorological Department (IMD) has predicted an intense wet spell over seven states between March 30 and April 1. It has also issued an orange alert for Assam, Meghalaya, Nagaland, Manipur, Mizoram and Tripura for March 30-31. The IMD’s forecast said that under the influence of strong lower level southwesterlies winds from the Bay of Bengal, fairly widespread to widespread rainfall with thunderstorm and lightning at isolated…

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Here are the latest income tax slabs and rates

March 29, 2021

From the financial year (FY) 2020-21, individual taxpayers can choose between two tax regimes – the existing or old tax regime and the new, concessional one. The old tax regime allows the taxpayer to continue with existing tax exemptions such as House Rent Allowance, Leave Travel Allowance and deductions under different sections of the Income-tax Act, 1961. While those opting for the new regime will have to forego most of…

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TDS up to 5% to be deducted on cash withdrawals from PPF, other small savings schemes. Check new rules

March 29, 2021

New Delhi: The Department of Post has issued new rules for deduction of tax deducted at source (TDS) if the aggregate withdrawal from all post office schemes is more than Rs 20 lakh by investors. This includes withdrawals from PPF also.  As per the new provisions under Section 194N of Income Tax Act 1961, if an investor has not filed income tax returns (ITR) for the previous three assessment years then…

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Coronavirus India Lockdown 2021 Highlights: Maharashtra imposes night curfew from March 28 amid rise in Covid-19 cases

March 27, 2021

India continues to report an increasing number of daily Covid-19 cases. India on Friday reported 59,118 new COVID19 cases, 32,987 recoveries, and 257 deaths in the last 24 hours. Yesterday also, India had reported more than 50,000 cases. Five states — Maharashtra, Punjab, Karnataka, Chhattisgarh and Gujarat — have registered a sharp rise in daily COVID-19 cases, the Union Health Ministry said on Friday as India recorded 59,118 new infections, the highest single-day…

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Govt Planning to Bring More Population Groups Under Covid-19 Vaccination Drive: Harsh Vardhan

March 27, 2021

He said people have embraced the ‘Made in India’ vaccines, and it is due to this enthusiasm and trust that the country crossed the last one crore vaccination in just under four days. The Centre is planning to widen the scope of the COVID-19 immunisation drive by bringing more population groups under its ambit, Union Health Minister Harsh Vardhan said on Friday, days after everyone above 45 years was made…

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Govt extends validity of driving licence, vehicle documents till June 30

March 27, 2021

Enforcement authorities are advised to treat such documents valid till June 30, 2021, the MoRTH said adding that “this will help out citizens in availing transport-related services”. Stating that this may be the last advisory in this regard, the ministry has asked the states to implement this advisory in letter and spirit, so that citizens are not harassed or face difficulties. The government on Friday extended the validity of motor…

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Your health insurance premium can help you save big on tax; here’s a complete guide to Section 80D income tax deductions

March 27, 2021

As we approach the end of Financial Year 2020-21, tax-saving season is at its peak. We are all trying to figure out the best ways to save up on our income tax. So, how does an individual taxpayer get the most out of their taxes? If we are to follow the advice of financial experts, one sure-shot way of becoming tax efficient and saving money is by getting adequate health…

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‘Considering imposing lockdown’: Mumbai Mayor as city reports biggest-ever spike of 5,500 COVID-19 cases

March 26, 2021

Mumbai | Jagran News Desk: With the city reporting its biggest single-day spike since the outbreak of coronavirus pandemic, Mumbai Mayor Kishori Pednekar on Thursday warned that the local administration is considering imposing a lockdown or at least a night curfew to control the spread of the highly contagious infection in the district. “People’s consistent and complete disregard to norms is forcing us to consider imposing a lockdown or at…

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4-day work week: Modi government makes its stance clear on 40 hours per week work system for central government employees

March 25, 2021

4-day/40 hours work week: Amid reports that the Modi government may introduce four days working week, the Centre has made its stance clear on it. Union Labour Minister Santosh Gangwar in the Lok Sabha has denied any such move by the government. He said there is no such plan to introduce four-day work week system for central government offices. “Presently, there is no such proposal to introduce four days a week…

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Can I send money from PhonePe wallet to bank account?

March 25, 2021

PhonePe is a digital wallet platform based on Unified Payment Interface (UPI) that lets you make online payments in a few clicks. With the PhonePe app, you can make mobile recharge, utility payments, online money transfer, mobile recharge, buy gold online and do much more. Moreover, you can also transfer your PhonePe wallet balance into your bank account. 1.How do I transfer money from my PhonePe wallet? Open the PhonePe…

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Can’t extend loan moratorium period beyond August 31, 2020, says Supreme Court

March 24, 2021

NEW DELHI: The Supreme Court on Tuesday stated that the government can’t be directed to ask banks to waive off interest on loans during the lockdown period amid Covid-19 pandemic. It also mentioned that the moratorium on EMIs (equated monthly instalments) towards repayment of loans could not be extended beyond August 31, 2020. A bench of Justices Ashok Bhushan, R S Reddy and M R Shah said the SC could…

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These 5 rules related to income tax will change from April 1, will have a direct impact on your pocket

March 23, 2021

New Delhi: Income Tax Rules Change: From April 1, 2021, many rules related to income tax will be changed. Finance Minister Nirmala Sitharaman (Union Finance Minister Nirmala Sitharaman) announced these changes in Budget 2021. The new changes include exempting 75-year-olds from filing income tax, in addition to raising TDS and making big announcements on tax on EPF. So let’s understand all the tax changes one by one, which will affect you and our…

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