Chartered Accountantย โขย 10m
๐จ๐ฃ๐ ๐ง๐ฟ๐ฎ๐ป๐๐ฎ๐ฐ๐๐ถ๐ผ๐ป ๐๐ถ๐บ๐ถ๐ ๐ง๐ผ ๐๐ฒ ๐๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ฒ๐ฑ ๐๐ฟ๐ผ๐บ โน๐ญ ๐๐ฎ๐ธ๐ต ๐ง๐ผ โน๐ฑ ๐๐ฎ๐ธ๐ต ๐๐ผ๐ฟ ๐๐ฒ๐ฟ๐๐ฎ๐ถ๐ป ๐๐ฎ๐๐ฒ๐ด๐ผ๐ฟ๐ถ๐ฒ๐ The National Payments Corporation of India (NPCI), which manages UPI, has raised the per-transaction limit to โน5 lakh, specifically for tax payments earlier. Now this higher limit applies to 'verified merchants,' allowing individuals to pay up to โน5 lakh in a single UPI transaction. Following are the categories for which limits have been increased: โข Educational Services โข IPOs โข Hospitals โข Tax Payments โข Government Securities This will be effective from September 15. This increase will be most helpful in emergency transactions. Follow Ashutosh Mishra for more such content https://www-livemint-com.cdn.ampproject.org/c/s/www.livemint.com/news/starting-sept-15-you-will-be-able-to-transfer-rs-5-lakh-in-a-single-upi-transaction-under-this-category-online-payment/amp-11726136155807.html
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Financial knowledge Indian Tax slabs Income tax slabs categorize taxpayers based on their annual income, determining the applicable tax rates. Here's a breakdown: 1. Nil Tax: Annual income up to โน2.5 lakh for individuals below 60 years. 2. 5% Tax: I
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UPI Transactions Jump 5% MoM In May To 1,404 Cr Monthly Growth: UPI transactions rose 5% month-on-month in May to 14.04 billion, with transaction volume increasing 4.1% to INR 20.45 lakh crore. Yearly Growth: Year-on-year, transaction count surged
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Budget 2025 expectations: Income tax relief buzz Speaking on the expected rationalisation of the income tax slab, Pankaj Mathpal, MD & CEO at Optima Money Managers, listed out the possible income tax slab for the new income tax regime, which may bri
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The Reserve Bank of India (RBI) has announced that it will soon revise the transaction limits for Unified Payments Interface (UPI) payments made to merchants, also known as person-to-merchant (P2M) transactions. This move is aimed at enhancing the ef
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**Tax Revenue Hits Record Highs** ๐ The governmentโs net direct tax collection, post-refunds, surged 15.4% to โน12.3 lakh crore between April and November 10, 2024. Gross collections also saw a robust 21.2% increase, reaching โน15.02 lakh crore. ๐ฐ
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๐ Should India Start Charging Fees for High-Value UPI Transactions? UPI is a world-class digital payments system โ fast, free, and inclusive. But there's a hidden cost: ๐ธ Infra cost of โน0.10โโน0.30 per transaction ๐ฆ Over โน1,000 crore/month just t
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Dear business๐ please note your tax audit applicability โก๏ธEvery business, including private limited companies, individuals, and partnership firms (excluding those opting for the presumptive taxation scheme), is subject to a tax audit ifTotal sale
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Google Pay now charges 0.5% to 1% (plus GST) for bill payments made via credit and debit cards, while UPI bank transfers remain free. Competitors like PhonePe and Paytm also charge similar fees. Fintech firms face high UPI processing costs, totaling
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