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Banking News

Rs 1,000 Crore Syndicate Bank Scam

Rs 1,000 Crore Syndicate Bank Scam - After S K Jain bribery scam , once again the public sector bank i.e. Syndicate Bank in limelight for negative reason. This time Rs 1,000 crores Scam covering 386 fake accounts in three branches of Syndicate Bank in Jaipur region. Read : List of Investment Under Section 80C Of Income Tax The scam of Rs 1,000 crore was done duping fake cheques, letter of credits and LIC policies.  The mode of operation was very simple...

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Banking News

Tripura Professional Tax Slab Rate

Tripura Professional Tax Slab Rate FY 2015-16 - Proessional Tax slab rate for the state of tripura for this financial year. The professional tax charged as per the gross salary income on monthly basis. Tripura state Government charge Professional tax on all type of professional services like  salaried individuals of government , non-government entities, Private practicing in any profession i.e. Doctors, Engineers, accountants, Lawyers or any businesses. Read : Professional Tax Slab in Bihar Read : Gujarat Professional Tax Slab Rate FY 2015-16 Maximum ceiling of professional tax...

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Banking News

Maharashtra Professional Tax Slab Rate FY 2015-16

Maharashtra  Professional Tax Slab Rate FY 2015-16 - Professional Tax calculation chart for state of Maharashtra . Proessional Tax slab rate for the state of maharashtra is levied as per constitutional power under Clause (2) of Article 276 where state are empower to charge the professional tax as per the slab rate defined time to time. How to calculate the Professional Tax deduction in Maharashtra in Form 16 ? Maharashtra  Government also levied the Professional tax on all type of professional like  salaried individuals of...

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Banking News

EPF Rate Hiked by 0.05% For Year 2015-16

EPF Rate Hiked by 0.05% For Year 2015-16 to 8.80% as compared to 8.75% in 2014-15, Government announced the hike in rate on various deposits. Government has reduced the Interest Rate on various other deposits like Kisan Vikas Patra (KVP) by 25 basis points. They have left the interest rate unchanged on other deposits like public provident fund, National Savings Certificate, Sukanya Samridhi Yojana, Senior Citizen Savings Scheme and the Monthly Income Scheme unchanged for the time being, while promising quarterly reset...

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Banking News

When a Refund Can Be Withheld by IRS ?

When a Refund Can Be Withheld  by IRS ? -  Many of the taxpayers don't receive the refund If you owe money on a education loan or child support, or for past federal taxes. If any of the such situation prevails the refund may be withheld by IRS or Department of Treasury's Bureau of the Fiscal Service. Number of times entire IRS tax refunds are held. Here is the list of situation when a refund can be withheld Pending income tax...

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Banking News

No Quota in Promotion in PSU Banks

No Quota in Promotion in PSU Banks - Honorable Supreme Court of India has given the verdict on their own decision exactly a year after holding that officers belonging to the Scheduled Castes and Scheduled Tribes (SC/ST) can claim reservation in promotion from level 1 to level VI grade, the Supreme Court on Friday admitted that it had committed a mistake while passing the verdict and clarified that there can be no reservation in promotion. The judgment was delivered on review...

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Banking News

List of Bank Holidays 2016 in India

List of Bank Holidays 2016 in India - Check out the list of Bank Holidays 2016 in India declared by the individual states as per the NI act. The official notification along with the holidays are listed state wise and accepted to Indian Bankers association (IBA). For checking the holidays for bank in 2016, just click on the state. This will open the page with listing of all the holidays for bank as per NI act section 25. Sl No. State...

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Banking News

7th Pay Commission Salary Calculator

7th Pay Commission Salary Calculator - The recommendation of 7th Pay commission by Justice Mathur have been submitted to finance minister for implementation from 01st January 2016 to all the Government Employees including pensioners. This should be learning and eye opener for Nationalized Bank Unions. Anyway the recommendation of the pay commission is very attractive especially for lower level of job profiles. Few of the recommendation made by the Justice Mathur 7th Pay Commission Salary are : There should be...

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