April one has arrived .. If the calendar for the month of March changes, do not take lightly whether it is April or not .. Every year on this day, big changes take place. New financial …
Top Changes That Will Impac
April 1 Major Changes: April 1st has arrived .. If the calendar for the month of March changes, do not take lightly whether it is April or not .. Every year today is the day for big changes. April 1 is the start date of the new financial year. Financial activities for companies, employees and governments will start from this date. Many changes and additions will be made from April one. Passbooks of many banks do not work .. There are many such things .. Let’s take a look at Avento ..
Many of the proposals proposed in the budget will come into effect from this date. This time it looks like the burden is on the common man in the form of cars, bikes, TVs, ACs.
Air travel, which even ordinary people dream of flying, is becoming more and more popular. From the new financial year, the prices of cars and bikes are going to reach the distant shores. TV prices will go up from the first day of the new financial year. No more burden on those who want to get relief from the heat. Rs. Information that is likely to increase from 3 thousand to 4 thousand. ACs and fan manufacturers are preparing to raise the prices of various products due to rising raw material prices. Prices are set to rise as manufacturing costs rise.
Tax on EPF interest ..
From April 1, 2021, investments made in the Employment Provident Fund (EPF) account will not be tax deductible. However, if more than Rs 2.5 lakh (as stated in the budget) is invested in an EPF in a financial year, the interest earned on it will be taxed. However, the tax-exempt investment has recently been increased to Rs 5 lakh.
The company should not have a stake in these PFs. Private employees can deposit up to a maximum of Rs 2.5 lakh including EPF and VPF if they do not want to pay interest tax. In the case of government employees, there is no share from the company, so even if the deposit is up to Rs 5 lakh .. interest is not taxed.
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Start these 5 tasks from April 1 ఉండదు There will be no shortage of money even in difficult times.