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Tuesday, March 30, 2021

Changing from April 1 These 7 important rules

 Important / Changing from April 1 These 7 important rules, if not paid attention can damage your pocket

There are only a few hours left until the end of March. With the start of the new financial year from April 1, there are not one but two rules related to your new life and pocket that will be completely changed. These rules range from your cooking gas to taxes. Let us know what it is. This rule and how it will affect you.

Let's start with cooking gas. The price of domestic gas is revised on the first day of every month. The price of cooking gas has already reached Rs 819 in Delhi. Now people's eyes are on the price of gas.

આ પણ વાંચો :- ટ્રકથી કપાયું બાળકીનું માથું:11 વર્ષની કિશોરીએ ઊલટી કરવા માટે માથું બસમાંથી બહાર કાઢ્યું, ટ્રકની ટક્કરથી ધડ-માથું અલગ થયાં

Impact on 8 banks

The second biggest change since April is the merger of state-owned banks. After the merger of banks like Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank of India and Allahabad Bank, things will change, including the check books and passbooks of the customers of these banks.

Changes in the rules of PF

According to the Finance Minister's announcement, interest up to Rs 5 lakh in a financial year will not be taxed. If you invest more than this, the interest earned on the additional amount will come under the scope of tax. At present, interest on PF is 8% and interest income is completely tax free. This rule will be applicable from 1st April 2021.

આ પણ વાંચો :- શું તમને રાત્રે  સપનામાં આ 5 વસ્તુ આવે છે તો રાતોરાત રૂપિયાનો થશે વરસાદ 

Changes in income tax rules

The Finance Minister has made strict provisions in many rules related to ITR to allow more people to file taxes. The government has turned a blind eye to those who do not file ITRs to save TDS. Announcing the incorporation of Section 206AB in the Income Tax Act 1961 to encourage tax payers to pay taxes.

Apply new pay code

The government is going to implement the new pay code from April 1. This rule will affect private companies and contract workers. Under the new law, the amount deposited under the fund and graduation will be increased, which may reduce the salary. According to the new pay code, the allowance given to an employee cannot be more than 50% of the total salary. Companies will have to increase the basic salary to make this improvement which will increase the amount of PF and graduation.

આ પણ વાંચો :-ઘરે બેઠા બેંકમાં તમારો મોબાઇલ નંબર બદલો, સરળ રીત જાણો

Changes in the rules of TDS

From April 1, TDS means tax deduction at source. Now the income from other sources besides salary income, such as dividend income, capital gain income, bank deposit interest income, post office interest income is already felt. Until now, taxpayers had to calculate it separately. This often leads to trouble due to mistakes. Now all this information will already be filled.

ગુજરાતીમાં વાંચવા માટે અહિયાં ક્લિક કરો 

E-invoices on turnover over Rs 50 crore

The government will make it mandatory for companies with a turnover of over Rs 50 crore to issue e-invoices for B2B (between companies) transactions from April 1. The Central Board of Indirect Taxes (CBIC) said in a notification that e-invoices would be mandatory from April 1 for companies with a turnover of more than Rs 50 crore.

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