Month: April 2018

NPS vs EPF: Which one should you go for?


The Pension Fund Regulator recently released the process of how a person can transfer the money from Employees Provident Fund (EPF) to National Pension System (NPS). In last year’s budget the Finance Minister allowed one-time tax free withdrawal from EPF and superannuation fund to be transferred to NPS. The money so transferred will not be […]

EPFO to inform members about contributions not deposited by employer


Retirement fund body EPFO today said it will inform its subscribers if contributions are not deposited by their employers with the body for a given month in due time. At present, Employees’ Provident Fund Organisation (EPFO) only informs about the credit of contribution to subscribers account by SMS/email to registered universal (EPF) account number holders. […]

E-Way Bill to be rolled out from April 25 in these 4 states; check details


After being implemented inter-state from April 1 and in some states last week, the e-Way Bill will be rolled in four states and one union territory from April 25. “e-Way Bill system for Intra-State movement of goods would be implemented from April 25, 2018 in Arunachal Pradesh, Madhya Pradesh, Meghalaya, Sikkim and Puducherry,” the Finance […]

Income tax department warns salaried taxpayers against tax evasion by under-reporting income


The income tax department cautioned salaried class taxpayers against using illegal means like under-reporting of income or “inflating” deductions while filing their returns, stating violators will be prosecuted and their employers will be intimated to take action against them. The Central Processing Centre (CPC) of the department in Bengaluru, that receives and processes Income Tax […]

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