Currently, all payments are made through UPI apps. However, some people encounter issues with this system when a payment is made; it stays pending. This causes delays in returns and creates uncertainty about whether the payment will go through. People facing such problems can file complaints. The Unified Payments Interface (UPI) has become integral to … Read more
Employees are expected to receive good news soon, as a proposal to raise the Provident Fund account contribution from Rs. 15,000 to Rs. 21,000 has reached the Union Finance Ministry. This long-demanded proposal is likely to be positively considered. If it is approved, the maximum pension for employees working in the organized sector will be … Read more
The provident fund is an essential part of an employee’s financial planning for retirement. In our country, there are three main types of provident funds: Employees Provident Fund (EPF), Public Provident Fund (PPF), and General Provident Fund (GPF). Employees Provident Fund (EPF): EPF benefits are available to private sector employees with over 20 employees and … Read more
The central government has launched the ‘Lakhpati Didi’ scheme to empower rural women. Prime Minister Narendra Modi announced the scheme in his Independence Day speech on August 15, 2023. The Lakhpati Didi Scheme encourages women to start microenterprises. The scheme’s objectives are poverty alleviation and economic empowerment through self-employment. Under this scheme, women receive skill … Read more
All employees in India have PF accounts (Provident Fund Account) managed by the Employees’ Provident Fund Organization (EPFO). Every month, 12% of the employee’s salary is deposited into the PF account, and the company management also deposits the same amount into the employee’s account. The central government provides interest on the amount deposited in the … Read more
First-time income taxpayers: When you start making money, one of the new things you’ll have to do is file taxes. This can seem scary and confusing if it’s your first time. But learning the basics can make tax season much easier. This guide will explain everything you need to know as a first-time income taxpayer. … Read more
When considering borrowing against gold, taking certain precautions and understanding the critical aspects of gold loans is crucial. Please do so to avoid financial loss. Here are some essential things to consider: Banks are often the first place people turn to when they urgently need a large sum of money. While borrowing from external sources … Read more
Finding a train ticket can be challenging, but did you know you can travel in an AC compartment with a sleeper class ticket? IRCTC has introduced a new option called the auto ticket upgrade. This feature ensures a comfortable journey. Here’s how to utilize this facility in detail. When making reservations for train travel, if … Read more
The recent increase in hospital costs has caused concern among the average middle-class worker. They fear that the money they have saved over the years could be depleted in the event of an illness. In this situation, market experts suggest that health insurance can provide access to medical treatment during illness without spending personal savings. … Read more
This is good news for Telangana government employees and pensioners, as pending DAs will likely be released soon. The T government is set to deliver positive news to its employees and pensioners, with reports suggesting that pending DAs are expected to be released. It has been indicated that the Chief Minister, Revanth Reddy, has instructed … Read more