From bank cheques to EPFO-Aadhaar linking, check 5 rules that are changing from June 1

New Delhi: Several rules that have a serious affect within the lives of frequent man are going to change from February. These rules vary from stringent bank cheques rules to EPFO-Aadhaar linking to title a number of.

Since these rules are going to have an effect on your on a regular basis life, it will be significant to know extra about these adjustments intimately.

Bank of Baroda cheque cost rules

As per Bank of Baroda notification, stringent rules of cheque cost goes kick in from June 1. Bank of Baroda has stated that from June 1, the bank goes to make Positive Pay affirmation obligatory. Under this, if the cost of greater than Rs 2 lakh is made via cheque, then the shopper can have to affirm once more. The transaction can be accomplished solely when this course of completes. Otherwise the cheque can be cancelled.

EPFO-Aadhaar hyperlink

According to the brand new EPFO ​​rule, each account holder ought to have his or her PF account linked to the Aadhaar Card. It would be the accountability of the employer to ask the staff to confirm their PF account. If by June 1, the staff fail to accomplish that, then they might endure a number of losses –one such being that the employer contribution to the PF account might also be stopped. A notification on this regard has additionally been launched by EPFO.

Income tax’s e-tax submitting web site

The official e-tax submitting web site of the Income Tax Department is not going to work from June 1 to June 6 as a result of the tax division is transferring to a brand new fashionable platform. The IT division’s new web site http://INCOMETAX.GOV.IN will kick begin on June 7.

YouTube Tax

Though not relevant to all of the YouTubers, nevertheless when you are an Indian YouTuber, gaining views from US audiences in your, you’ll be responsible for a 15 % tax in your earnings (for the stated viewership) by the video making platform.

Costlier Air Travel

Civil Aviation Ministry on Friday (May 28) has elevated the decrease restrict on fares of home air journey by 15%. The revision of charges will come into impact from June 1, in accordance to an official order by the ministry. 

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