If you also live in a rented house and want to claim HRA exemption, then it is important to understand some important things.

The government has provided this facility under section 10(13A) of the Income Tax Act, 1961, but certain conditions have to be fulfilled for this. Especially if your annual rent is more than Rs 1 lakh, then it becomes necessary to provide the PAN card number of the landlord.

If the landlord does not provide PAN, can I avail the benefit of HRA?

But what can you do if the landlord does not provide the PAN number or does not have a PAN card? If your landlord refuses to provide the PAN number, can you not avail the benefit of HRA? Many people get confused whether they will get HRA exemption or not. But there is no need to panic, because there is a solution for this too. Let us know the complete details related to HRA exemption, so that you can save tax without any hassle.

What is HRA Exemption and why is it important? 

Every salaried employee, whose salary comes under the old tax system, gets the benefit of HRA i.e. House Rent Allowance, so that they can pay their house rent. This allowance is a part of your salary and tax exemption can be taken on it. This exemption is given under Section 10(13A) of the Income Tax Act, 1961, which saves your tax.

Note that this facility is available only to those people who live in a rented 
house and HRA is being given in your salary. If you live in your own house or
 HRA is not included in your salary, then you will not get the benefit of this
 exemption. However, in some special cases, rent relief can be given under
 section 80GG, but it has different conditions. 

• Salary Slip: HRA should be shown separately in your salary slip.  
• Form 16: It contains your income tax details and proves that HRA is included in your salary.  
• Rent agreement and rent receipts: At least 3-4 rent receipts have to be submitted in a year.  
• PAN number of the landlord: If your annual rent is more than Rs 1 lakh, then PAN number of the landlord is mandatory.  

What to do if the landlord is not giving the PAN number?  

Now the biggest question is what to do if the landlord refuses to give PAN? First of all, know that if your landlord is refusing to give PAN or he does not have a PAN, you can still take HRA exemption. For this you have to follow the steps given below:  

1. Take a Declaration Letter

If the landlord does not have a PAN, then he will have to write a declaration letter. This letter should contain the landlord’s full name, address and rent details. It should clearly mention that he does not have a PAN. Submit it to the Income Tax Department.

2. Report to the Income Tax Department  

If the landlord does not want to give the PAN despite having it, you can complain about it to the Income Tax Department. For this, you can write a letter to the Income Tax Department, in which you will have to provide complete information about the landlord, the name, address and rent details of the landlord. Income Tax officers can verify the PAN themselves after checking it.

3. Make rent payment through bank transfer

Avoid paying rent in cash as it may make it difficult to claim tax exemption. Always pay rent through bank transfer, UPI or cheque so that you have proof of the transaction. This makes verification easier for the Income Tax Department.

Thus, if your landlord is refusing to provide the PAN number or does not have a PAN card, you can claim your HRA exemption by submitting a declaration letter, paying rent through bank transfer and informing the Income Tax Department if required.  

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Union Minister Ashwini Vaishnav said that there is no need to change the PAN number. Rs 1,435 crore will be spent on this project.

Will you get a new PAN card?

Yes, you will get a new PAN card. Existing PAN card holders will not need to change anything or apply for a new card.

What new facilities will you get in the new PAN card?

According to Vaishnav, the new card will have features like QR code. The government aims to enable the PAN 2.0 project under Digital India. This will make PAN eligible as a common identifier for all digital systems of government agencies.

Do you have to pay for PAN upgradation?

No. Ashwini said that PAN upgradation will be free and it will be delivered to you.

Why there was a need to issue a new PAN card

Vaishnav said, till now the software operating the PAN card is 15 to 20 years old, which has many problems. Under the new system, all the arrangements related to PAN card will be prepared digitally, so that complaints can be resolved on time.

What this means for taxpayers

About 78 crore PANs have already been issued. 98% of them are held by individuals. The PAN 2.0 project will improve the taxpayer experience through faster services and efficiency. Easy taxpayer registration and services will be available for faster processing.

what will be the benefit

The new system aims to upgrade the current PAN/TAN 1.0 eco-system, consolidate core and non-core PAN/TAN activities and PAN verification service. Explaining the benefits of PAN 2.0, Vaishnav said, “The grievance redressal system is being updated. To protect the data, the PAN data vault system is being set up. Having a unified portal will eliminate the need to visit other portals.”

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To apply online for Tatkal Passport, you have to follow these steps:

1.Go to the official website of Passport Seva.
2.Register or Log in.
3. Select the “Create New/Reissue” option.
4. Select “Tatkal” in “Scheme Type”.
5.Download the application form and fill it with your information.
6.Complete the application process by making online payment.
7.Book your appointment.
8.On the day of your appointment, visit the Passport Seva Kendra and submit the required documents.

While filling the application form, you must provide the following information:

1. Provide your name, date of birth, address, and contact information.
2.Your Aadhaar number, PAN number, and Voter ID number.
3.One passport size photograph.
4.A recent photo identity proof.
5.A residence proof.
6.The application fee for Tatkal Passport is Rs 3,500.

To book your appointment, you need to follow the following steps:

1.To book your appointment, you need to visit the website of your Passport Seva Kendra.
2.Find the address and contact information of your Passport Seva Kendra.
3.Follow the instructions given on the website to book an appointment.

On the day of your appointment, you will need to submit the following documents:

1. Filled application form.
2.Passport size photograph. 
3.A recent photo identity proof.
4.A residence proof.
5. Proof of payment of application fee.
6.The Passport Seva Kendra will examine your application and if it is acceptable, your passport will be issued to you within 10 days.

While applying for Tatkal Passport, keep the following in mind:

1. Fill your application form carefully and provide all the required information.
2.Submit all the required documents along with your application.
3. Reach your Passport Seva Kendra on time at the time of appointment.
4.If you have any questions about applying for Tatkal Passport, you can contact the Passport Seva Kendra.

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PAN is also required for filing income tax returns and for carrying out financial transactions. The main purpose of the PAN card is to use an universal identification card to monitor financial transactions that may have a taxable aspect to avoid tax. The PAN number remains unchanged by a change of address across India and also serves as an important proof of identification for an individual.

Eligibility required to apply for PAN

• Individuals receiving taxable income in India, except foreign nationals paying taxes throughout India.
• Anyone who conducts a business (whether retail, services or consulting) with net revenue, turnover or net cash in excess of Rs 5 lakh in the previous financial year.

Why PAN is mandatory to file an Income Tax Return?

Use of PAN to file Income Tax Return: A PAN card is a prerequisite to submit your income tax returns, as the government utilizes the PAN card to recognize an individual or entity from a tax perspective. The PAN card number must be recorded while filing income tax returns for individuals and entities, unless the person or entity’s income tax returns are not recognized and the government believes that the individual has not incurred his or her tax.

Use of PAN to file Income Tax Refund: Citizens and entities liable for income tax deductions after paying their taxes will be asked to cite their PAN card number in their application process. The PAN must be cited as the only form of recognition used by the government in tax related operations. Malfunction to cite the PAN in such an application will lead to the request not being approved and the individual/entity will not be refunded.

Use of PAN to track IT return status: Taxpayers should monitor the status of their refund on the government page. By entering the individual/entity PAN card number after the claim for income tax refund has been filed one can check his or her IT return status.

Use of PAN to file TDS certificates: TDS i.e. Tax Deducted at Source form of tax collection introduced by the Government of India by which the amount of the tax is withheld at the time the amount is charged to the respective taxpayer. Businesses, traders or any organization that subtracts TDS are supposed to have a TDS certificate specifying the amount of tax that has been withheld. A TDS certificate must also include the PAN number of the payee in all records, such as the TDS refund, the perquisite declaration and the income in favor of salary.

PAN Card for not be overtaxed: Taxpayers who do not want to be overtaxed can submit their PAN specifics at the time of filing their returns. since the government will have a database of their expenses and will only measure tax without evaluating exemptions. That being said, for individuals and organisations who do not cite their PAN numbers, the government will charge a flat tax of 30 per cent irrespective of the tax leaf to which the individual or entity is subject. Thus, having a PAN card lets the user from paying more than he/she wants to.

In case you have multiple PAN Cards: As per the guidelines, having multiple PAN cards under your name is an offense. A liability of Rs.10,000 will be imposed under Section 272B of the Income Tax Act if it is found to have multiple PANs. In case you have more than one PAN, it’s best to give it up instantly.

The post Why PAN Is Mandatory To File Your IT Return? first appeared on Rightsofemployees.com.

To avail pension through State Bank of India, a retired employee can open an account in any branch of the bank. Aadhaar number, PAN number, mobile number and email_id (if available) are the basic requirements for opening an account. Pensioners are sometimes unable to go to the bank due to old age or illness.

To find solutions to their problems, pensioners want answers to some questions about which they are unable to know. Here we are going to answer some of the frequently asked questions of pensioners. State Bank of India (SBI) has given answers to these questions on its website.

How can pensioners get their pension slip?

Pension is sent to the account of pensioners at the end of the month. SBI pensioners can find out how much pension the pensioners are getting and what is included in it from their pension slip. The bank sends this slip to the pensioners’ email every month. Apart from this, pension slip can be obtained by pensioners from any pension payment branch. You can also download this slip from SBI’s pension website.

How can pensioners withdraw money if they are unable to sign or put their thumb impression?

In such cases, a pensioner can put a mark or imprint on the cheque/withdrawal form and tell the bank as to who will withdraw the pension amount from the bank on the basis of the cheque/withdrawal form. Such person should be identified by two independent witnesses. The person who is actually withdrawing money from the bank is asked to submit a specimen of his signature to the bank.

Can old, sick, physically handicapped pensioners who are unable to sign, open a pension account or withdraw their pension from the pension account?

A pensioner, who is elderly, ill or has lost both his hands and hence cannot sign, can put a signature or thumb/toe impression on the form for opening a pension account. While withdrawing the pension amount he may put the thumb/toe impression on the cheque/withdrawal form and the same should be identified by two independent witnesses known to the bank, one of whom should be a bank official.

Can a pensioner be allowed to operate his account by a power of attorney holder?
The account is not allowed to be operated by the power of attorney holder. However, acceptance of check book/ATM/INB facility for transferring money from the account is permitted.

Is it mandatory for pensioners to submit life certificate to the bank in the month of November?

It is mandatory for pensioners to submit life certificate in November. However, if a pensioner is unable to submit the Life Certificate to an Authorized Bank Officer due to serious illness/disability, the Bank Officer may collect the Life Certificate at the recording or by visiting the pensioner’s residence/hospital.

When does family pension start?

Family pension starts after the death of the pensioner. Family pension starts on receipt of the death certificate of the person shown in the PPO and the application from the nominee.

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To further strengthen the monitoring, the Income Tax Department had asked all PAN users to link PAN with Aadhaar by June 30. PANs not linked after this will become inactive or invalid from July 1. In such a situation, it is important to know whether your PAN is invalid or valid.

Any individual or companies can easily find out the validity or inactivity of Permanent Account Number ie PAN online. PAN can be verified online by entering the details entered in the PAN card like name, father’s name and date of birth. If you have not linked your PAN with Aadhaar, then as per the guidelines your PAN may become inactive. In such a situation, you will not be able to file ITR and there will be difficulties in financial transactions including many other types of work. Follow the suggested steps to check whether your PAN is valid or not.

First verify PAN details

1. Go to the homepage of the PAN users e-filing portal.
2. Click on Verify your PAN on the e-filing homepage.
3. On the Verify Your PAN page, enter full name, date of birth and registered mobile number and click on proceed.
4. 6 digit OTP will come on the registered mobile number, enter it and click on validate.
5. In this way your PAN details will be verified.

PAN Aadhaar Linking Status will tell PAN is valid or invalid

After verifying the details, you have to check PAN-Aadhaar linking status to find out whether your PAN is valid or invalid. However, if you have not linked PAN with Aadhaar before June 30, then your PAN will become invalid after July 1.

1. PAN users first go to the official website of the Income Tax Department – incometax.gov.in/iec/foportal/.
2. Open the Quick Link segment and select Link Aadhaar Status.
3. Enter your PAN and Aadhar card number.
4. Click on the option ‘C Link Aadhaar Status’.
5. You will see the PAN-Aadhaar link status on the screen.
6. If your PAN and Aadhaar are linked, the screen will display as linked. If not linked, it will show the details to link both the cards.

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Do you know why Form 16 is provided to you? Form 16 plays an important role in filing Income Tax Return (ITR) as it provides complete details of salary paid to the employee, tax exemption claimed by the employee and tax deducted at source (TDS) by the employer .

Section 203 of the Income Tax Act of 1961 makes it mandatory for employers to issue Form 16 to their employees showing the total TDS on income. After you have received Form 16, it is important for you to check its details thoroughly to ensure that all exemptions and allowances are shown correctly. Such allowances mainly include House Rent Allowance (HRA) and Leave Travel Assistance (LTA).

Take special care of these things

1. First of all, you have to check that your PAN number matches with the PAN in the form. If the PAN is incorrect, the tax deducted from your salary will not reflect in Form 26AS and you will not be able to claim credit for the same while filing your ITR.
2. Cross-check the correctness of your name, address and employer’s TAN (Tax Deduction and Collection Account Number).
3. It is important to cross-check the actual tax deducted from your salary income by comparing it with the tax reflected in Form 16, Form 26AS and AIS (Annual Information Statement).
4. If you find any mistake, immediately inform the employer about that mistake and request to rectify the information in Form 16.
5. If you have opted for Old Tax Regime and have claimed tax exemptions, ensure that they are correctly reflected in Form 16.
6. If you have changed jobs during the financial year 2022-23, then it is necessary to take Form 16 from both the employers.
7. Before filing your ITR, it is necessary to cross-check and verify the information in Form 16 with your salary slips, AIS (Annual Information Statement), and Form 26AS.
8. It is very important to cross-check all the income declared in AIS with TDS certificate, interest income certificate and Form 26AS.

The post ITR Filing 2023: From PAN number to tax regime, check these details in Form 16, otherwise it will be difficult first appeared on Rightsofemployees.com.

By the way, you all must know that in today’s time, for any financial or banking related work, PAN card is required first. In such a situation, if there is no PAN card, then there is a lot of problem. But let us tell you that the government has made such a system, by which this important document can be made sitting at home in just 9 minutes and that too absolutely free. With this process, the PAN card number will also be generated immediately.

Let us tell you that PAN card is a 9 digit number, which is issued by the Income Tax Department. Today, first of all, let us know for which purposes a PAN card is required and after that we will also know how to get a PAN card sitting at home.

E-PAN will be given to the taxpayer on the basis of Aadhaar card. That’s why all the information given in Aadhaar, name, date of birth, gender should all be correct. E-PAN and Aadhaar information should match. The taxpayer will also have to provide the mobile number linked to his Aadhaar card. One time password or OTP will come on this. This mobile number should be verified.

How to apply for instant e-PAN?

• To get an e-PAN card, first go to the Income Tax Department’s website www.incometaxindiaefiling.gov.in.
• Click on Instant e PAN coming at the top of the quick links.
• After that read the given instructions carefully. Then click on Apply Instant E-PAN.
• After this the user will be told what mistakes should not be made while filling the form.
• Now on the New e-PAN page, after entering your Aadhaar number, select the Confirm checkbox and click on Continue.
• Click on ‘I have read the terms and agree to proceed’ on the OTP validation page.
• Now enter the 6 digit OTP received on the mobile number linked with Aadhaar.
• Select the checkbox to verify Aadhaar details with UIDAI and click on Continue.
• On the Validation Aadhaar Detail page, select the ‘I accept’ checkbox and click on ‘Continue’.
• Along with this, you will also get a confirmation message on the mobile number linked to Aadhaar.
• Note down the Acknowledgment ID for future reference.

How to download e-PAN?

• Log in to the e Filing portal with your user ID and password.
• Click on Services > View / Download ePAN on your dashboard.
• Now enter your 12 digit Aadhaar number and click on continue.
• On the OTP validation page, enter the 6 digit OTP received on the mobile number registered with your Aadhaar.
• Now you will be able to see the status of your e-PAN
• If a new e-PAN has been generated and allotted, click Download e-PAN to download the copy.

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The post New PAN absolutely free: PAN number will be generated instantly ! Get a PAN card made sitting at home in 10 minutes, that too absolutely free first appeared on Rightsofemployees.com.

He said that EPFO ​​never asks its members for their personal details on phone calls, emails and social media. EPFO told its members that they should never share their UAN number, password, PAN number, Aadhaar number, bank account details, OTP or any other personal details or financial details with anyone.

EPFO or its employees never ask for account details

EPFO has told the account holders that EPFO ​​or its employees never ask for your details on any social media platform like message, phone call, e-mail, WhatsApp. He said that if any EPF account holder receives any such phone call, message or message on social media, in which a person claiming to be an employee of EPFO ​​asks you for any details, then be alert. In such cases, never share any of your details with anyone and immediately report it to the local police or cybercrime branch.

Report fake calls or messages to the police immediately.

Let it be said that the gangs involved in cybercrime trap simple people in their net and blow away all the money deposited in their account in the blink of an eye. The gang members contact people through phone calls, messages, emails or social media and pretend to be employees of EPFO ​​and obtain secret details related to their EPF account and bank account. After which it becomes very easy to withdraw money from your account.

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The person should be aware of the need for certification

UIDAI has advised organizations that anyone doing online Aadhaar authentication should be aware of the authentication requirement. Users have to give their full consent for the verification process to approve it, and once it is over, all the required documents have to be present.

Complaint can be lodged on 1947 on demand of additional payment

The Aadhaar card issuing body has also emphasized the importance of reporting any fraud immediately. Users are encouraged to report fraud and provide information about it. If someone demands extra payment for Aadhaar card update then you can lodge a complaint on 1947.

March 31 Deadline to update your Aadhaar card with your PAN number

Remember that March 31 is the deadline to update your Aadhaar card with your PAN number. Fine of Rs. 1000 will be assessed for non-compliance. It is strongly advised that if you have not already linked your Aadhaar Card and PAN, you should do so immediately.

Note: The purpose of the new guidelines issued by UIDAI is to guarantee the security and effective application of Aadhaar card. Users should take necessary action to comply with these guidelines and report any fraudulent behavior. This will help in maintaining the integrity of the Aadhaar system and protect the rights of the citizens.

The post Aadhar Card Rules: New guideline released for Aadhaar card, will not be able to use without it, know details first appeared on Rightsofemployees.com.

From opening an account in the bank to making financial transactions, a permanent account number ie PAN card is required. It is used not only for tax related work but also as an identity card. In such a situation, PAN card is also an essential document. It should also be kept with care so that no one misuses it. In such a situation, it is important for you to know whether someone has taken a loan by using your PAN card wrongly.

The economic horoscope is hidden in PAN-Aadhaar, while using PAN card and Aadhar card, vigilance is very important. These are two such documents in which the horoscope of our financial condition is hidden. PAN and Aadhar card is linked to our bank account. The lending company regularly shares your information with the credit bureaus. This is updated by the credit bureaus in their system and in this way the details of the outstanding loan linked to your PAN number are received from the credit rating agencies.

Know the PAN card transaction history from home

• To check your PAN card history, first go to https://www.cibil.com/.
• Click on the option ‘Get Your CIBIL Score’. After this choose one of the subscription plans.
• Now fill your mobile number, date of birth and email id etc. information. After that create a password for login. Select ‘Income Tax ID’ in the ID type.
• Now enter the PAN card number and click on the option ‘Verify Your Identity’. Enter some information and pay the fees and login to the account. Now a form will appear in front of you, from which it will be known that how many loans are there on your account.
• If your PAN card has been misused, then you Income Tax You can register a complaint by visiting the official website of the department.

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Although many people do not know the importance of PAN card. There are also some important topics related to PAN that one should know as an Indian. Out of these important topics, one thing is kept very much in mind regarding PAN card.

Can’t do this work

Actually, PAN cards are issued to people in India, but only one PAN card can be issued to any person. No person can hold more than one PAN card or multiple PAN cards or duplicate PAN cards. For doing so, that person may also have to pay a fine. Explain that the PAN card contains the PAN number and the cardholder’s name, date of birth and photograph.

May be fined

According to the Income Tax Department website ( www.incometaxindia.gov.in ) a person cannot hold more than one PAN. If a person is allotted a PAN, he cannot apply for another PAN. In such a situation, a fine of Rs 10,000 can be imposed on that person under section 272B of the Income Tax Act 1961 for holding more than one PAN.

Avoid the fine

However, there is a way to avoid this as well. The Income Tax Department says that if a person has been allotted more than one PAN, then he should immediately surrender the additional PAN card. In this way, any kind of fine can also be avoided.

The post Warns Income Tax Department ! This big mistake related to PAN card will attract a fine of Rs 10000, check details first appeared on Rightsofemployees.com.

PNB Pre-Qualified Credit Card: If you are an account holder of the country’s second largest bank i.e. Punjab National Bank and your salary comes in the bank account, then this news is of your use. PNB launched the pre-qualified credit card at an event held on Monday.

Explain that the facility of this special credit will be available to those customers whose salary account is in PNB. Along with this, the bank has started another special facility. This facility is PNB FD Overdraft Facility. The special thing is that you will not need to go to the bank to get this overdraft. You can avail this overdraft facility from PNB Mobile Banking App PNB One from the comfort of your home. Let us know the details of both the facilities-

PNB Launches Pre-Qualified Credit Launch

Let us tell you that the PNB Pre-Qualified Credit Card launched by the bank on Monday is a special credit card for which only those customers whose salary account can apply. It is in PNB (PNB Salary Account). In this card you will get two payment gateway options.

This gateway is Rupay and Visa. You do not need to go to the bank to get this card. You can apply for it sitting at home through your mobile banking app PNB One or through Net Banking. Let us inform that customers will also get a discount of 0.25% on the online application for the loan.

If you want to get PNB Pre Qualified Credit Card then apply for it by visiting PNB One or website. Enter your PAN number and account details here. The bank will issue your card after cross verifying your details.

It is worth noting that whenever we need money suddenly, we either take a loan from the bank or take advantage of the overdraft facility (PNB Overdraft Facility on FD). Overdraft facility is also a type of loan. Explain that customers will also get a discount of 0.25% on online application for overdraft facility. Customers who have a fixed deposit in the bank can easily avail the overdraft facility.

While launching these two special digital facilities on 22nd August 2022, CEO of the bank
, PNB CEO Atul Kumar Goel said that PNB’s pre-qualified credit card and overdraft facility has been made completely digital and paperless. With this, customers will not have to visit the branch and along with this, many facilities like reward points, insurance cover, domestic and international lounge access, spa, gym credit limit will be available on the credit card.

The post PNB Credit Card: Big news for PNB customers! If you have salary account in the bank then you will get this benefit first appeared on Rightsofemployees.com.