UPI Transactions to be paid from 1st April? here’s what NCPI said

By mediology March 29, 2023 No Comments NationalPaymentsCorporationofIndia(NPCI)NCPI onlinetrasactionstobepaid onlinetrasationnews OTTindia OTTnews ottread otttrending UPINews UPItobepaidfrom1stapirl?

It was on Tuesday when a report stated that soon UPI transactions are to be paid from 1st of April. The report stated that recommended imposition of 000.1% prepaid payment instrument (PPI) on transactions above Rs 1.This report was from National Payments Corporation of India (NPCI) which recommended PPI charge on merchant payments of more than Rs 2000. On these reports, NPCI issued a press release clarifying its stand and said that. What is in the report? :In the report it was said that, NPCI is prepared to launch of paid version of online transaction, It was recommended to impose 0.5-1.1% of this charge. Further Clarification: In a release issued on Wednesday, NPCI said that the Unified Payment Interface (UPI) is free. Fast Safe and uninterrupted. Transactions of more than Rs 8 billion are processed absolutely free of cost for users and businesses using bank accounts every month. NPCI Press Release: UPI is free, fast, secure and seamlessEvery month, over 8 billion transactions

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These are the big rules to be effective from 1st April…

By mediology March 28, 2023 No Comments annualbudgetnews Financialyear2023-24 Incometaxnews Majorrulestobechangedfrom1stofApril Nirmalasitaraman OTTindia OTTnews ottread taxrelatednews trendignews unnionfinanceminister

As the new financial year for 2023-24 will start from 1st April. And the announcements made by Union finance minister Nirmala Sitharaman in the annual Feb 1 Union budget will now come into effect. Following are the Major rules to be changed from 1st of April :The default tax regime: The new tax regime will be the default regime if, while submitting returns, a person does not state which of the two regimes – old or new – will they submit the return under.Tax rebate limit raised: The rebate limit has now been increased from ₹5 lakh to ₹7 lakh. This means that an individual who has a salary of less than ₹7 lakh a year has no need to make investments to claim exemptions.Also read: ‘Why Would I Be Ashamed?’ : Malayalam actress after her mother delivers baby at 47Standard deduction: The deduction of ₹50,000 under the old regime remains the same. This facility has now been extended to the new regime, and, therefore, a salaried person with an yearly income of ₹5.15 l