Preeti Motiani

Apply for PAN card reprint: If you are one of those taxpayers having a PAN card with old designs and want to update it to the new design having a QR code, then you can submit an application for the PAN card reprint. There are charges applicable to applying for a PAN card reprint. Know the steps you should follow to apply for a PAN card reprint with a QR code.

Synopsis ITR filing due date: December 31, 2024, is the last date to file belated and revised ITR for FY 2023-24 (AY 2024-25). A taxpayer can file a belated ITR if they have missed the original due date of ITR filing which is applicable to them. A taxpayer can also file revised ITR if they have made a mistake in the originally filed ITR.

New EPF claim settlement rule: The EPFO has announced changes in Para 60(2)(b) of the EPF Scheme, 1952. The changes announced in the Employees Provident Fund Scheme will help EPF members to get more interest in claim settlement and faster claim settlement. Know all about the new rule, when it is applicable, and which EPF claims it will impact.

Mukhyamantri Mahila Samman Yojana: Delhi Chief Minister Atishi announced the Mukhyamantri Mahila Samman Yojana last week. It is a financial assistance scheme which will provide Rs 1,000 every month to women residents of Delhi. The application process will be online and is likely to be available on the Delhi government's edistrict website.

Vivad Se Vishawas Scheme 2024: Income Tax Department releases new FAQs on eligibility, tax amount payable

December 31, 2024 ITR filing deadline: Income tax laws allow individual to file belated and revised return. A belated return is filed if an individual has missed the last date to file original ITR. On the other hand, revised return is filed if an individual has made a mistake in the original and belated returns. Know what happens if belated or revised return is not filed by December 31, 2024 for FY 2023-24.

ITR filing: Most of the income tax changes announced in July 2024 will affect tax deductions and exemptions that can be claimed while filing an income tax return (ITR) in July 2025. ET Wealth Online has listed 15 income tax changes in 2024 and how they will affect you when you file your income tax return next year.

Latest small savings schemes interest rate: The government has announced the interest rates for post office savings schemes for the final quarter of FY 2024-25. The government will again review the interest rate at the end of March 2025, to announce the interest rates for first quarter of FY 2025-26.

Tax-free gratuity limit for employees: The government has hiked the maximum amount of gratuity that a government employee can receive to Rs 25 lakh. The new limit is effective from January 1, 2024. However, not many are aware of the tax-exempt limit of gratuity for private sector and government employees.

8th Pay Commission announced: The Union Cabinet has approved setting up the 8th Pay Commission to review and revise the salaries of central government employees. The new pay commission will boost the salaries of current government employees as well as pensions received by central government pensioners. Read on to know how much salary hike central government employees can expect.