For Central Government personnel covered by the National Pension System (NPS), the Ministry of Finance launched the Unified Pension Scheme, which offers an assured payment alternative. This alternative plan adheres to the current framework of NPS rules while providing flexibility, financial stability, and streamlined pension benefits.

By raising the life insurance coverage to 7 lakh, the Employees' Provident Fund Organization (EPFO) has expanded its EDLI benefits and given more than six crore members more financial security. The elements of the program, the requirements for qualifying, and the procedure for claiming benefits are all explained in the article. Employers are essential in helping workers or their families get these benefits, highlighting the government's emphasis on increased worker social security.

Beginning in September 2024, the GST Portal will begin deleting return data older than seven years, which is a significant change for Indian GST filers. Cost reasons, issues related to data security, and regulatory compliance have all motivated this adjustment. Taxpayers need to move quickly to protect their data by printing or downloading copies, utilizing external hard drives or cloud storage, and strengthening record-keeping procedures. Businesses will remain audit-ready and compliant even when past data is archived or removed from the GST Portal thanks to these proactive measures.

Filing your income tax return can be a daunting task, but by avoiding these 10 critical mistakes, you can ensure a smooth and stress-free filing experience. From missing the tax filing deadline to claiming ineligible deductions, these common errors can lead to delays, penalties, and even audits. Take the time to review your return carefully and avoid these costly mistakes.

Learn the importance of pre-validating a bank account, the benefits it offers, and how to do it efficiently with our comprehensive guide.

Blockchain for GST: Enhancing Transparency and Security in the Indian Tax System" highlights the application of blockchain technology to bolster transparency and security within India's Goods and Services Tax (GST) framework. By leveraging blockchain's immutable ledger system, the initiative aims to create a more robust and trustworthy tax ecosystem, reducing fraud, enhancing accountability, and fostering greater confidence among taxpayers and stakeholders.

GSTN is implementing two-factor authentication (2FA) to enhance login security on the GST portal.