The month of July is about to end and after four days the new month August 2023 will start. From August 1, changes can be seen across the country from banking to LPG rates. On the other hand, if you have any important work related to the bank next month, then this news is very important for you too. In fact, there will be no work in bank branches for a total of 4 days in the month of August, nor will the 2000 rupee notes taken out of circulation be exchanged. The Reserve Bank of India (RBI) has released the Bank Holiday list, according to which banks will remain closed for a total of 14 days.

RBI uploaded banking holiday list

Reserve Bank uploads month-wise banking holiday list on its website and the list of bank holidays falling in August 2023 has also been released. Apart from the festivals and events to be held in different states and cities, the holidays for the next month also include holidays for Sundays and second and fourth Saturdays. Saturday and Sunday are weekly holidays on 6th, 12th, 13th, 20th, 26th and 27th of the month. In such a situation, it is necessary that before going to the bank, you leave the house only after checking the Bank Holiday list on the official website of RBI, lest you reach the bank and find the lock hanging there.

The Reserve Bank of India (RBI) prepares its Bank Holiday list on the basis of various states and events and updates it on its website. You can also know about every bank holiday of the month by clicking on this link (https://rbi.org.in/Scripts/HolidayMatrixDisplay.aspx) on your mobile.

Banks will remain closed on these dates

Dealing with Online Banking on Holidays 

Bank Holidays also depend on the festivals celebrated in different states or other events taking place in those states. That is, they differ in states and cities. However, despite the banks’ branch being closed, you can do banking related work online from the comfort of your home. This facility is always operational 24×7. You can easily handle tasks like online transactions. 

The post Bank Holiday in August 2023: List of bank holidays falling in August 2023 released, see the list first appeared on Rightsofemployees.com.

The Income Tax Department has issued a warning to PAN users that they must link their PAN with Aadhaar. For this, time has been given till June 30, 2023 (Pan Aadhaar Link Last Date). As per the new instructions of the Central Board of Direct Taxes (CBDT), certain consumers have been exempted from PAN Aadhaar linking. In such a situation, if you come in the list of exempted categories, then you will not need to link PAN with your Aadhaar. At the same time, the users who need to link and did not link within the deadline, then they may face a lot of trouble.

Link PAN-Aadhaar by paying penalty

The Central Board of Direct Taxes (CBDT) had extended the last date for linking PAN with Aadhaar by 3 months on 31 March to 30 June 2023 in the last month of April. According to CBDT, till April, more than 51 crore PANs had been linked with Aadhaar. However, now the penalty for linking PAN with Aadhaar has also been fixed at Rs 1000. PAN can be linked with Aadhaar by paying the penalty on the NSDL website.

These people got exemption from linking PAN-Aadhaar

According to the Central Board of Direct Taxes (CBDT), some people of the country have been exempted from linking PAN-Aadhaar. Such PAN users include residents of the states of Assam, Jammu and Kashmir and Meghalaya and members of other exempted categories. However, the exempted PAN users can voluntarily link PAN and Aadhaar.

Category List of PAN-Aadhaar Exempted Users

The requirement to link Aadhaar with PAN is not applicable to 4 categories of users, which include-

• Residents of the states of Assam, Jammu & Kashmir and Meghalaya.
• Non-Resident Indians (NRIs) as per Income Tax Act 1961.
• Any person who was of the age of 80 years or more at any time during the previous year.
• Persons who are not citizens of India.
• People who fall in any of the above categories are not required to link their PAN with their Aadhaar till the deadline.

The post Pan Aadhaar Link: Income tax department gave exemption to such people, see the list first appeared on Rightsofemployees.com.