Employees’ Provident Fund (EPF) is deducted every month from a salaried person’s monthly income. EPF is a mandatory contribution from the salary of an individual that every company that has more than 20 employees has to deduct. The Employees’ Provident Fund Organisation (EPFO) monitors and takes care of EPF contributions, which are shared equally between employees and employer. If you have shifted from one company to another, you need to file a transfer claim for EPF money. This claim can be filed online via EPFO’s website, epfindia.gov.in. Here are five things you need to know about transfer of EPF claims online: 1) The EPFO member is required to be registered on member portal to file the transfer claim online. The detailed process flow for the registration is available at the link av
After months of large scale non-compliance in filing of the summary return (GSTR-3B) by taxpayers under Goods and Services Tax (GST), the tax department has started sending reminder notices to such assessees. Some of the notices issued for the first three months of this year has given taxpayers three days to comply, or else the department would assess the liability based on information available with them. The notices are in line with government’s stated approach of employing enforcement actions gradually as the system stabilises. The tax department has also asked assessees to explain the mismatch of details filed in GSTR-3B and GSTR-1 (outward supply). Besides, central board of indirect taxes and customs (CBIC) has launched a year-long exercise to verify transitional credit claims made
There may be thousands of ways that can help you make money. Among the ways you find online, many may be legit, while a lot of options may not necessarily help you make any money. With the advent of smartphones, people have found a lot of ways to earn money with them. These apps won’t make you a millionaire overnight, but help you for your day to day needs and save money. Money earned from these apps will help you with your monthly bills. Check these seven smartphone applications SquadRun With the help of SquadRun, you can now make money by doing meaningful tasks. On this app, you need to complete a given mission to show you’re capable of doing the tasks in the app. Based on your mission completed, you will be given tasks that suit your skills and experience. Once you have complet
Tax payers can use Aadhaar based e-verification of their Income Tax Returns (ITR) for making ITR filing easier and quicker, informed UIDAI on it's official twitter handle. UIDAI (Unique Identification Authority Of India) is mandated to issue an easily verifiable 12 digit random number as Unique Identity - Aadhaar to all residents of India, as mentioned on the official website of UIDAI. 16.65 crore individuals have verified their PAN (Permanent Account Number) with Aadhaar. They can now also instantly e-verify their income tax return using Aadhaar OTP, the tweet further added. Steps to e-verify Income Tax Returns (ITR) using UIDAI's Aadhaar: 1. Log in to income tax e-filing website (incometaxindiaefiling.gov.in) 2. Click on 'Aadhaar' link from left hand side menu 3.
Just like Aadhaar card and PAN (Permanent Account Number) card, an individual's driving licence can also be stored in DigiLocker, a cloud-based platform for issuance, storage, sharing and verification of documents and certificates in digital form. DigiLocker enables select registered organisations to provide electronic or e-copies into 'digital lockers' allotted to citizens, according to its official website -digilocker.gov.in. Users can store identification cards issued by government agencies, education certificates, PAN cards, driving licence and vehicle ownership documents, among others, in DigiLocker. The inclusion of driving licence in DigiLocker means users don't have to carry the original papers with them all the time, according to the DigiLocker website. Instead, they can show
Social media platforms such as Facebook, Instagram, Twitter and Linkedin have become a way of life in the present times. Day-to-day life as such cannot be imagined without the presence of these mediums. The first thing in the morning that pretty much everyone does is checking notifications on his/her subscribed social media platforms, and possibly this is true for the end of the day too. With the user engagement on these platforms at these escalated levels, the natural question is: Can these interactions be monetized? For example, Facebook video creators could earn from ad revenues, and similar is the case with Youtube content creators. While WhatsApp itself doesn’t allow ads or commercial transactions, there are still plenty of ways to take advantage of its unique format and earn small
KYC Through Aadhaar: Aadhaar KYC is an online service that allows service providers to instantly access the necessary information of the individual. The service is also known as E-KYC. In this service, an individual can allow Unique Identification Authority of India (UIDAI) to disclose his/her personal information to specific service providers to avail instant access or connection. This includes various types of service providers such as Banks, Telecom companies, etc. What is Aadhaar Card KYC and E-KYC? Aadhaar Card KYC is a very basic but compulsory process required for mobile connections and in financial institutions. The Aadhaar card is a good way to complete this process as you do not have to provide multiple documents for each type of proof such as identity proof, address pro...
Amid the ongoing difficulties of cash crunch being faced in various states of India, the country’s biggest lender, State Bank of India (SBI) has come up with an alternate and convenient method of cash withdrawal for its customers. The bank has said that it is now providing facilities of cash through ‘Cash@POS’ initiative. Under this, the debit card holders of SBI and all other banks can withdraw cash from PoS machines installed by SBI across various merchant locations. The bank has said that a customer can withdraw Rs 1000 in Tier I and Tier II cities whereas Rs 2000 can be withdrawn in Tier 3 to Tier 6 cities per day per card. Presently, the bank will not be charging any fees for these withdrawals. SBI has a total of 6.08 lakh PoS machines of which 4.78 lakh PoS machines are enabled to
The e-filling portal for income tax returns (ITR) for the financial year 2017-18 or assessment year 2018-19 has been opened by the Income Tax Department for those who are eligible for filing the ITR Form-1 (Sahaj). People who can file the form are those whose income is up to Rs 50 lakh. Unlike last time, the ITR Form-1 (Sahaj) has undergone many changes. The form is applicable to residents of India. Before filling the ITR Form-1 (Sahaj), you should keep in handy details regarding Income from any source, such as property, salary, breakup of salary, etc. You would need to pay a late fee under fee u/s 234F if you miss the deadline. Ways to fill the ITR Form-1 (Sahaj): You can fill the form online or offline. Offline method: When filing the ITR Form-1 (Sahaj) form offline, you will ne...
SBI has recently launched instant Money Transfer (IMT) facility for the customer. Now SBI account holder can instantly transfer money to any mobile number in India. On the other hand, a receiver can withdraw the money from ATM machine without using a card. Features, benefits and usage details of SBI Instant Money Transfer are given below. SBI Instant Money Transfer Features Transfer instant money to anyone anywhere anytime. Only name, mobile number and address of beneficiary are required by the sender. The beneficiary can withdraw money from SBI ATM with or without using ATM card. No partial withdrawal allowed to the beneficiary. An IMT created once cannot be cancelled. The service charge applicable for the IMT is Rs.25 per transaction at sender end. The minimum...