Finance News in 30 seconds I Revised EPFO rules and TDS charges



In this video, Simran Goel talks about the EPFO’s decision to make Aadhaar linking with UAN mandatory for all subscribers from 1st June 2021. Failing to do so will result in non-remittance of the employer’s contribution towards the EPF account. Click here to know more – https://cutt.ly/MnJit35

In other news, from 1st July 2021, individuals will have to pay double TDS if they have not filed ITRs for the last two years and have an aggregate TDS/TCS credit of over Rs 50,000. This new section will not apply to salary payments and withdrawals from the PF account. Read more here – https://cutt.ly/MnJioAD

RBI Governor Shaktikanta Das, while announcing the Monetary Policy, said that India’s forex reserves might have exceeded the $600 billion mark. The Reserve Bank of India (RBI) actively engages in purchases and sales in the foreign exchange market and its various segments. Learn more here – https://cutt.ly/OnLrY3N

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