Reliance Jio is giving numerous telecom offers least expensive costs. Beforehand they have propelled Jio 4G with the least expensive plans and this choice has made a great deal of clients for Jio. Reliance has as of now brought LYF mark smartphones into the market, yet now it is said that it will present another scope of smartphones at low budget plans into the market. Presently Reliance Jio will launch 4G advanced smartphones with least rates.
Within days of SBI slashing interest rate on savings bank account, another PSU bank – Bank of Baroda – has followed suit, cutting it to 3.5 per cent on deposits of up to Rs 50 lakh. “We wish to inform you that it has been decided to introduce a 2-tier savings bank interest rate (from) August 5…,” the bank said in a regulatory filing. Effective tomorrow, the interest rate on savings bank balance of up to Rs 50 lakh has been reduced to 3.
I-T Department asks people to ensure that the date of birth and gender in PAN and Aadhaar are exactly the same, to ensure linkage without failure. The Income Tax Department has launched an e-facility to link Aadhaar with Permanent Account Number (PAN), a mandatory procedure for filing IT returns now. The department’s e-filing website https://incometaxindiaefiling.gov.in has created the link on its homepage. The link requires the PAN, the Aadhaar number and the “exact name as given in the Aadhaar card”.
Finance Minister Arun Jaitley had announced a number of income tax changes in Budget 2017. In addition, some amendments were also introduced in the Finance Bill that was passed by the Lok Sabha. HIGHLIGHTS Tax rate on income between Rs. 2.5-Rs. 5 lakh will get halved to 5% The Lok Sabha on Wednesday passed the Finance Bill, completing the budgetary exercise for 2017-18. Since the Finance Bill is a Money Bill, it needs only to be cleared by the Lok Sabha.
Credit card providers, banks and insurers have started alerting their customers to pay higher tax post implementation of Goods and Services Tax (GST) from July 1. Customers currently pay 15 per cent service tax for such services. Starting from July 1, 2017 the GST will replace all indirect taxes like service tax and VAT. Financial services and telecom have been put in the 18 per cent GST slab. SBI Card has sent SMS to its customers alerting about the higher incidence of tax.
1: The ATM expansion era is over. ATM extensions will no longer be part of future banking growth, and future ATMs may well be of the mobile kind focused only on rural cash deliveries. But even here, the growth will be limited. Standalone ATM companies may have a future, but only because banks may choose to outsource all their existing networks to them so that they can focus on growing the digital business themselves.
Prime Minister Narendra Modi launched the latest version of BHIM e-wallet app on Friday, as the government aggressively pursues a “less-cash” economy. Prime Minister Narendra Modi launched the latest version of BHIM e-wallet app on Friday, as the government aggressively pursues a “less-cash” economy to combat the problem of black money and digitise the economy. Promoting the latest version BHIM 1.3, on the 126th birth anniversary of Dr Bhimrao R. Ambedkar, PM Modi said that the BHIM-Aadhaar platform would play the same role of empowering the common Indian as the Constitution of India, framed by Dr Ambedkar.
Scrapped old notes Rs 500 and Rs 1,000 which were to be exchanged latest by December 20, 2016, are still there. They can be exchanged even now, but for a hefty premium. Non-Resident Indians (NRIs), who were allowed to exchange old notes till June 30 this year, are being offered a handsome commission for exchanging these notes. “The going rate for exchanging old notes is Rs 9 on every Rs 100, so if you want to exchange Rs 1 crore in old notes, then you would get back Rs 9 lakh in new notes,” said Pravin (name changed), who is involved in this trade.
If you are holding both Aadhaar and PAN cards, then better link the two now. For, the government has made it mandatory to link the existing Aadhaar numbers with the PAN cards of taxpayers with effect from July 1 and has also notified the rules, according to a PTI report. The revenue department has said that “every person who has been allotted PAN as on July 1, 2017, and who in accordance with the provisions of sub-section (2) of section 139AA is required to intimate his Aadhaar number, shall intimate his Aadhaar number to the principal director general of income tax (systems) or DGIT (systems).
The BHIM-Aadhaar app will pave the way for making digital payments by using the Aadhaar platform. To push digital payments further, Prime Minister Narendra Modi has announced ‘cashback’ and ‘referral bonus’ schemes for using BHIM - Bharat Interface for Money - app. PM Modi said for every person you introduce to the BHIM app, you will get a cashback of Rs. 10. “If you refer 20 people a day, you can earn Rs.