Form 16 is an important document for the salaried class. It helps employees to know the total taxes that have been deducted from their salary income, gross salary that is paid during the financial year, tax exempt allowances etc. As per the income tax laws, an individual must receive his/her […]
Good news for govt employees! Centre plans to create integrated pension portal
The central government is planning to create an integrated pension portal to enhance the ease of living of pensioners. In this regard, the Centre’s Department of Pension & Pensioners’ Welfare (DoPPW) will collaborate with the State Bank of India (SBI). During the bankers’ awareness programme in Udaipur Rajasthan, a session […]
Non-banks can’t load credit lines on prepaid payment instruments, says RBI
Mumbai: The Reserve Bank of India (RBI) on Monday disallowed non-bank wallets and pre-paid cards from loading their credit lines into these platforms, a notification reviewed by ET showed. The regulator in a one-page circular addressed to non-bank pre-paid payment instruments (PPIs) directed them to stop such practice immediately. “The […]