Saturday, December 31, 2016
BHIM App Launched, PM Narendra Modi Says World Will Google For It: 10 Facts
Here are the 10 latest developments in this big story
The BHIM app is being improved upon so that in time, "only your thumb will be needed to make a payment," said the PM, adding "you will eventually not be dependent on the internet, on smartphones, your thumb will be your bank."
The 50-day deadline to submit invalid 500 and 1,000-rupee notes ended on Friday. The Reserve Bank of India or RBI has asked banks to submit details of the deposits made in the outlawed currency. Nearly 90 per cent of the cancelled notes have been already deposited in banks, which means that the government's intention of removing black money may have missed its mark. PM Modi will address the country this evening to discuss the impact of his abrupt demonetisation drive.
The cash restrictions at ATMs and withdrawals from banks that were introduced after demonetisation will remain in place in the new year. Reserve Bank of India has however raised the daily withdrawal limit at ATMs from Rs 2,500 to Rs 4,500.
On November 8, PM Modi's shock announcement rendered 86 per cent of India's currency void, giving people until December 30 to swap their old 500 and 1,000-rupee bills for new ones.
The PM has been widely hailed for his assault on tax evasion but long queues outside banks, a cash crunch and policy flip-flops have led to a concerted attack from the opposition.
The risky gamble is expected to impact the election in Uttar Pradesh, which is expected to be held in February. Many top industrialists and financial experts have praised the PM's call to move towards a digital economy, but some industries have ground to a halt and laid off staff, highlighting India's huge dependence on cash.
As the almost two-month window draws to a close, serpentine queues outside banks have thinned down but a single 2,000 rupee note is still all that most ATMs dispense to customers.
Until March 31, old notes can be deposited with the Reserve Bank of India but December 30 was the last opportunity to do so at other banks. After the March deadline there will be a minimum 10,000 rupees penalty for holding old notes.
Analysts say the cash squeeze will seriously dent India's economic growth in the short term, a prediction challenged by Finance Minister Arun Jaitley. Ratings agency Fitch revised down its GDP forecast for the fourth quarter of 2016 to 6.9 per cent from 7.4 per cent.
Economists expect the economy to benefit in the long term due to an increase in tax revenues but only once there is a plentiful supply of those elusive new notes in circulation. Many Indians have said they didn't mind the hours of queuing if it forced the rich to pay taxes.
Sunday, December 25, 2016
15 BIGGEST IGNORES IN INDIA
BIGGEST IGNORES IN INDIA
1) We'd rather spend more on daughters wedding than on her education
2) We live in a country where seeing a policeman makes us nervous rather than feeling safe
3) In IAS exam,a person writes a brilliant 1500 words essay about how Dowry is a social evil. Impresses everyone and cracks the exam. One year later, the same person demands a dowry of 1 crore, because he is an IAS officer
4) Indians are very shy and still are 121 Crore
5) Indians are obsessed with screen guards on their smartphones even though most come with scratch proof Gorilla Glass, but never bother wearing a helmet while riding their bikes
6) Indian Society teaches 'Not to Get Raped', rather 'Don't Rape'
7) Reserved people get more benefit than deserve people...!
8) The worst movies earn the most
9) A porn-star is accepted in society as a celebrity, but a rape victim is not even accepted as a normal human being
10) Politicians Divide us, Terrorists Unite us
11) Everyone is in a hurry, but no one reaches on time
12) Priyanka Chopra earned more money playing Mary Kom, than Mary Kom earned in her entire career
13) Its dangerous to talk to strangers, but it's perfectly ok to marry one
14) Most people who fight over Bible, Gita and Quran, have probably never read any of them
15)The shoes we wear are sold in air Conditioned showrooms, the vegetables we eat are sold on the footpath.
Source: poupdates.blogspot.in
Saturday, December 24, 2016
How To Use Paytm App, Add Money In Wallet & Transfer Balance
We all know about Paytm but there are many peoples who don’t know about Paytm. So today we are share step by step guide to know how to use Paytm , how make your life style easy. Paytm is online way where any one can make mobile, Data card, Dth recharge. Electricity, landline/broadband, postpaid mobile , gas bill payments, book bus tickets. Online shopping from 5000+ products at Paytm. Today we learn how to use Paytm.
How To Use Paytm App All Step By Step Guide
1. First visit www.Paytm.com / Download Paytm App (from PlayStore)
2. If you have Smartphone then download Paytm app for better experience
3. Install & Open Paytm app
4. Register or login
5. You can register with your any email address
6. After successfully register make login to Paytm
7. To use Paytm features you have to add some Paytm wallet Money
8. Use any given payment method to add money in wallet
1) Debit card
2) Credit card
3) Net banking
4) ATM
5) IMPS
How To Add Money In Paytm Wallet All Steps
1. Open Paytm app or site
2. Login on Paytm
3. Click on “ADD MONEY” Icon at Home page of Paytm App
5. Enter amount which you want to add
6. Click on “Add Money” option
7. Apply promo code if you have any in promotional/voucher field
8. If you have not promo code then leave field blank and click on “Proceed to pay Rs.”
9. Choose suitable method to pay amount, complete payment process
10. your amount will be credited instantly in your Paytm wallet.
How To Send Money From Paytm
1. Open your Paytm app & login
2. Click on “PAY” & select option “SCAN CODE”, “MOBILE NO.”, “SHOW CODE”, as you want to send money or make merchants payment.
3. Follow Instruction and make payment.
For Mobile To Mobile Send Money (Paytm Wallet to Another Paytm Wallet)
Select Mobile No. optionEnter mobile number (enter the number of receiver)Fill the amount, type some thing about your transaction (normally type send money)Click on “Send “ & proceed to pay
For Bank Account (Paytm To Bank Account Transfer)
First At Paytm App Home Page Click on “PASSBOOK” IconClick on “Send Money To Bank” then click on “Transfer”Enter amount which you want to transferWrite Bank account holder nameAccount numberIFSC Codetype some thing about your transaction (normally type send money)Click on “Send” & proceed to payYour Paytm wallet amount simply transferred into your bank account.
How To Update Phone Number, Email Id For PLI Customers For Allowing Online Access
1. The policy holder is to submit an application to the CPC Head on person or through mail stating his/her policy number, Mobile number and email address ( Email address should be written on capital letters so that no mistake will occur by the CPC personnel while data entry is to be done) requesting incorporation of the same in the System. He/She is to enclose self attested photo copies of policy bond or first page of the P.R.Book and identity proof (photo copy Aadhar or Voter Card).
2. He will submit these to the CPC and take receipt for submission of application, generated from the System.
3. The CPC personnel will then follow the procedure as same as change of address done....that is scan the documents....ECMS.....Data Entry.......Quality Check......Finally Approval.
4. After approval...
The CPC personnel will send him/her the reply to his/her Email address....to the effect that ' Your mobile number and email address has successfully been incorporated in the System. You may now feel free to register your policy online, set your password as per your choice and perform all sorts business relating to PLI/RPLI, as and when, required without visiting any Post Office or CPC.
Source: Indiapost Updates
Tuesday, August 2, 2016
How to claim tax relief on 7th CPC arrears ?
In Seventh Pay Commission bonanza, lakhs of central government employees will soon receive higher salaries and arrears in one go. This may result in an increase in the tax slab of many employees as they will receive arrears from January 1, 2016.
There are provisions which provide tax relief to employees due to delay in the receipt of the arrears.
"If an employee or his family receives pension arrears or salary arrears, he or she can claim tax relief under Section 89(1). This Section makes sure you don't end up paying higher tax due to moving up a tax slab from receipt of arrears. Or because tax slab rates in the year of receipt are higher as compared to the year to which arrears belong to," says Preeti Khurana, chief editor of Cleartax portal.
How the tax relief is calculated
The tax break is arrived at by recalculating the tax for the both the years in which the arrears are received and the year to which arrears pertain to.
1) Calculate the tax payable on the total salary including and excluding the arrears in the year in which it is received. Calculate the difference between the two and assume it is 'A'
2) Calculate the tax payable on the total salary including and excluding the arrears for every year for which the arrear relates to and sum it up. Calculate the difference between the two and assume it as 'B'.
3) If 'A' is more than 'B', the employee will get tax break equivalent to 'A'.
How it can be claimed
To avail the tax break, it is mandatory under the income tax laws to file Form 10E. The form includes details like the PAN, arrear and advance salary details. This form has to be uploaded on the website of the Income Tax Department.
Source: sapost.blogspot.in
Subscribe to:
Posts (Atom)