Daily Archives: 9th May 2019

I-T dept revises format of TDS certificate issued by employers

The Income Tax department has revised Form 16 by adding various details, including income from house property and remuneration received from other employers, thereby making it more comprehensive to help check tax avoidance. It will also include segregated information regarding deductions under various tax saving schemes, investments in tax savings instruments, different allowances received by […]

How to open an NPS account online without Aadhaar

In the absence of an Aadhaar-based registration process, KYC verification is done through the bank account linked to your PAN. 1. Keep these documents scanned and ready PAN card* Driving license, passport or voter ID to be used as address proof Cancelled cheque of an active bank account. Netbanking facility should be available for the […]

EPFO may move Supreme Court against high pension

If you were celebrating the prospects of higher pension from the Employees Provident Fund Organisation (EPFO) after the Kerala High Court ruling, here’s some bad news. The EPFO is reportedly planning to challenge the high court order in the Supreme Court. Under the existing rules, a person covered by the Employees’ Pension Scheme of the […]

5 lessons to learn from your financial mistakes

By Uma Shashikant We mostly struggle with regret. In personal finance, we make several decisions about earning, saving and investing. Assuming 30 years of working and 20 years of retired life, we make money decisions for 50 years or more. What is the chance that we get it right always? We are all prone to […]