income tax rule changes in terms of EPF investment,

Author : sizukanobita
Publish Date : 2021-03-27 19:22:44


income tax rule changes in terms of EPF investment,

THESE changes will happen from April 1, 2021
From April 1, the following changes that are set to happen include, LPG cylinder price, banking rules due to merger of banks, income tax rule changes in terms of EPF investment, TDS/TCS deduction, etc. This could potentially suggest that inflation is set to happen as the prices go soaring from the new financial year.

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With the beginning of the new financial year, consumers will witness several changes which are definitely going to pinch the pockets and the individual’s earnings to a large extent.

From April 1, the following changes that are set to happen include, LPG cylinder price, banking rules due to merger of banks, income tax rule changes in terms of EPF investment, TDS/TCS deduction, etc. This could potentially suggest that inflation is set to happen as the prices go soaring from the new financial year.

Mumbai City News Live: Maha govt bans gatherings, restricts timings of malls, restaurants; city records 6123 positive cases
A night curfew will be imposed in Maharashtra starting tomorrow (Sunday). Mumbai on Friday reported the highest single-day spike of 5,513 new cases of coronavirus and with that, the tally of the metropolis climbed to 3,85,628 with 11,629 deaths. The city has seen 3,35,261 recoveries to date and has 37,804 active cases at present. Malls across the state will remain shut from 8 pm to 7 am. A decision on lockdown will be taken on April 2, Deputy Chief Minister Ajit Pawar informed.In other news, the Sion flyover will be closed for vehicles on weekends, starting today, for repair and maintenance work. In the Bhandup Dreams Mall fire incident, a total of 11 patients of the Sunrise Hospital have died so far. BMC Commissioner Iqbal Chahal has ordered a report on the incident within 15 days.


The rise in LPG prices might happen as the government announces a change in LPG cylinder prices every month. In March 2021, the LPG price in New Delhi was increased from Rs 769 per LPG cylinder to Rs 819 per LPG cylinder price.
If a customer has a bank account in these seven public sector banks — Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank of India and Allahabad Bank — then their passbook and cheque book will become useless as these banks have merged with other banks.
Meanwhile, from now onwards the investments in EPF accounts will also come under the ambit of income tax as Rs 2.5 lakh and above will be taxable in a financial year.
The income tax rule for TDS (Tax Deducted at Source) will also be changed from April 1, 2021,  and if a person doesn't file an income tax return (ITR), then the TDS rate on bank deposits would double.
Also,  there will be a Leave Travel concession or LTC cash voucher scheme's exemption as against a leave travel concession (LTC). This scheme allows an employee to claim an exemption under LTC allowance against the purchase of specified goods or services.

Murdoch Wants to Shake Up U.K. News With ‘Aggressive’ TV Service

(Bloomberg) -- Media mogul Rupert Murdoch has chosen a former Fox News executive to unleash his controversial brand of journalism on British screens. But David Rhodes insists he’s not bringing the U.S. network’s brash playbook to London.“It wouldn’t work in this market,” the News UK TV president said in an interview with Bloomberg News. “If you look at News Corp.’s history and tradition, it is one of local products for local markets -- which this is.”News UK TV will air for free on smart TVs and online platforms, and will showcase the kind of work seen in Murdoch newspapers such as the Sun and the 236-year-old Times of London.Murdoch Wants to Shake Up U.K. News With ‘Aggressive’ TV Service“We think that there’s a real editorial and creative gap in the market -- a lot of that spirit has never really been effectively brought to television,” said Rhodes from his Thames-side office in the 17-story headquarters of Murdoch’s U.K. business. “It’s campaigning. It is ambitious, I think. It’s aggressive, at times.”Unlike a conventional TV channel, News UK TV will open a new line of advertising revenue from the fast-growing digital TV market as newspapers -- once the heart of Murdoch’s empire -- grapple with tumbling circulation. His company News Corp. launched Times Radio last year, featuring former print journalists as its presenters.Murdoch Wants to Shake Up U.K. News With ‘Aggressive’ TV ServiceThe most partisan punditry found on U.S. TV would struggle to get past British regulator Ofcom, which enforces “due impartiality.” While the Sun has tended to explicitly back Conservative governments, Rhodes said News UK TV will stay “within the guardrails.” He pointed to the success of News Corp.’s Ofcom-regulated U.K. radio stations in recent years.One of them, TalkRadio, calls itself the “home of free speech,” and was fined by the regulator for breaching impartiality rules last year. It has also clashed with YouTube over community standards. Rhodes said TalkRadio invites as many politicians from the opposition Labour party as from the ruling Conservatives.TV Shake-UpNews UK TV isn’t the only newcomer to challenge the center-ground BBC, the public-service broadcaster that’s long been viewed as Britain’s most trusted news source.Murdoch Wants to Shake Up U.K. News With ‘Aggressive’ TV ServiceGB News, backed by another U.S. media billionaire, John Malone, and run by former Murdoch executive Andrew Neil, denies it is partisan. However, the channel has teased a segment called “Woke Watch,” and one of its presenters is Andrew Doyle, a commentator known for his parody of an imagined young left-winger called Titania McGrath.Rhodes, a former president of CBS News and head of U.S. television at Bloomberg LP, said he’ll put News UK TV in the middle of the public conversation about so-called culture wars between social liberals and conservatives.“But we didn’t put them there. That’s what the audience is talking about and interested in learning more about,” he said.Asked what stories he would have been focused on if News UK TV were already live, Rhodes mentioned a riot last Sunday in the English city of Bristol, the idea of issuing vaccine passports to enter bars and pubs, and the order in which citizens are being vaccinated for Covid-19.GB News and News UK TV are both potential destinations for one of Britain’s most famous journalists, divisive ex-CNN anchor Piers Morgan, who recently resigned from Britain’s largest free-to-air commercial broadcaster, ITV.“I don’t think it would surprise anyone that, from time to time, we’ve had discussions,” said Rhodes, pointing out that Morgan is a former editor of the News of the World, a defunct Murdoch newspaper. “But from time to time we’ve had discussions with a number of people -- not just Piers.
Bengal has an impossible choice to make this election
West Bengal must choose between BJP’s tall claims, Left’s cluelessness and TMC’s governance by gamble.
The elections in Bengal seem to have become something of a national pastime. I cannot recall a period when the national media has spent this much time pondering over Bengal’s future. This must surely be an anomaly. The word future in the context of Bengal challenges even the most resolute. The once-mighty Bengal’s perceived fall from grace and consequent loss in national eminence is such a long-drawn work-in-progress that many have lost track of what Aristotle would call the telos. Rather, one tends to speak of Bengal — in both jest and angst — as a Platonic idea, something outside time and historicity. In this election, however, Bengal seems to have emerged into the national consciousness as a material object, with the unenviable task of confronting its innards, so far hidden from electoral optics. These internal injuries, it is being presumed, will play a decisive role in Bengal’s tilt this summer.

The most rib-tickling claim to that effect has been made by the BJP. In the armature of Hindutva’s national populism, Bengal is a sideshow, but has great symbolic value if it falls to the BJP. To ensure it does, the BJP has decided that Bengal is full of agonised Hindus dying to climb aboard the galloping North Indian mothership. The BJP has couched this dogma with the gobbledygook called Sonar Bangla, unleashing the standard operating procedure of lies and identity politics. The BJP has also decided that a few carrots for Bengal’s Hindus could undo decades of social cohabitation and hard-earned, experiential wisdom about BJP’s utterly abysmal record of governance elsewhere.

The CPM-C



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