Rules from June 1: Many of the plans change from June on banking, YouTube, Google Photos, LPG cylinder pricing, ITR filing, Gold Hallmarking, and interest on small savings. Some changes occur from June 1 and some from June 15. Moreover, the unlock has begun in many states including UP, Delhi, MP for Independence from Lockdown. These can have a direct impact on your pocket. What are the changes that will affect your life …
The PF’s new rules will be applicable to 6 crore employees from June 1
If you are employed, this news is very useful to you. EPFO has changed the rules for prospective fund account holders. According to the new rule, the employer is now required to link each employee’s account with the Aadhaar card from June 1.
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LPG Cylinder Price
There is also the possibility of a big change in LPG prices in the new month. Oil companies publish LPG cylinders every month. At present, the price of 14.2 kg gas cylinder in Delhi is Rs 809. And with petrol and diesel prices rising, there were concerns that the price of gas could be raised from Rs 50 to Rs 100 per cylinder, but no change has been made.
The Google Photos location is no longer free
According to Google, each Gmail user will be given 15 GB of space. This place also includes your photos, Google Drive, along with Gmail’s email, if you want to use more than 15GB of space, you’ll have to pay for it. Unlimited storage has been free so far. To use Google Photos, you must now have a subscription to Google One. After this, for 100GB, you will get Rs 149 per month. Or Rs 1,499 annually. At the same time, for 200GB, it costs Rs 219 per month. Or $ 2,199 annually. To pay, for a 2TB space, you will have to pay 749 rupees per month or Rs 7,500 annually.
Tax on earnings from YouTube
If you earn from YouTube, you have to pay YouTube after June 1. Now you have to pay taxes on earnings from YouTube, but you only pay for those views received by American viewers. This policy is starting June 1, 2021.
Airport travel is expensive
Air travel will be expensive starting June 1. The central government has approved increasing the minimum ceiling of the aircraft by 16 per cent. The ceiling on airplanes has been increased from 13 to 16 per cent. The increase is effective June 1. There has been no increase in the tariff limit as per the order of the Civil Aviation Ministry. Let us tell you that international flights will be discontinued on June 30th.
Changes in interest rates for a small savings plan
In March, interest rates on government schemes like PPF, NSC, Sukanya Samriddhi scheme were changed, but the government later revoked it. The government’s decision then appeared to be tied to the election. It can also be changed on June 1st. However, the new rates will apply until June 30th.
Bank of Baroda Payment Process
Bank of Baroda will make major changes in check payment rules from June 1. The bank will be implementing a ‘Positive Payment Verification’ from next month. However, the bank said the ‘Positive Payment Marriage Regulation’ policy only applies to payments of more than Rs. According to information provided on the bank’s website, from now on, the check issuer will be required to provide the beneficiary details in advance. The bank believes it will take less time on one hand. On the other hand, check fraud can also be avoided.
Changes in IFSC code
Canara Bank has informed its customers that the IFSC code of Syndicate Bank will be changed from July 1, 2021. All Syndicate Bank customers are requested to check the updated IFSC code from their branch. “After the merger of Syndicate Bank, the IFC code of all branches has been changed,” Canara Bank said. The bank has asked customers to update the new IFC code, otherwise the benefits of NET, RTGS and IMPS will not be available from July 1.
Gold Hallmarking Rules
Due to the epidemic, the central government has extended the mandatory hallmark deadline for gold jewelery and artifacts to June 15 The decision was taken at a meeting chaired by Consumer Affairs Minister Piyush Goyal. It was previously expected to be implemented from 1 June 2021. Let’s say that the Confederation of Traders Association of All India Merchants and Jewelery Industry has demanded the government to extend the June 1, 2021 deadline for the implementation of hallmarking. Given the current situation, the government has accepted their demand.
ITR’s new website
There will also be a big change in income tax return next month. From June 1 to 6, the existing website www.incometaxindiaefiling.gov.in will not be able to work. The government will launch the www.incometaxgov.in website on June 7. The new website is more advanced and user friendly than the first.