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From bank checks to home take salary, what changes are going to happen from April 1?

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A lot will change in the country from April 1, 2021. Whether it is the change in many banks, the opening of the Delhi-Meerut Expressway to the people, or your take-home salary due to the changed rules. Now, since all of these will have a direct impact on your life, it is important to know how all these changes will affect our lifestyle.

The government has brought a new salary policy. It clearly states that basic salary should not be less than 50% of the salary credited every month. In this case, it is natural for your take home salary to be low. For example, suppose the CTC of a person for a month is 10 thousand rupees. In this case, its basic share should be at least 50 percent, which will be 5 thousand rupees.

After this, 12% of the basic will be cut into PF. In such a situation, he will have to cut 600 rupees there. Now the company also deducts 5% of the graduation, meaning 250 rupees will be deducted there as well. In this case, the basic amount left is Rs 4150. So total 50% means 5 thousand + the remaining basic amount is Rs 4150. In this case, the person’s take home salary will be 5000 + 4150 rupees. Meaning he will get 9150 rupees.

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Dena Bank, Vijaya Bank, Oriental Bank of Commerce, United Bank of India, Syndicate Bank, Andhra Bank, Corporation Bank and Allahabad Bank have your account, contact your branch soon. Because, from April 1, the old checks, passbooks and Indian Financial Service Code codes will be invalidated.

These 8 banks are also constantly informing their customers through message and mail that they should contact the bank and get a new check book, passbook and IFC code. Because after March 31, they will no longer be valid.

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3. New rules for automatic payments from April 1?

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The Internet and Mobile Association of India (IAMAI) has warned that from April 1, 2021, customers may face problems in automatic payments. It is being told that major banks like SBI, HDFC, ICICI are not following the new rules of RBI. In such a situation, automatic payments of debit cards and credit cards can be affected. However, there will be no problem with the UPI payment.

4. Elders will get relief from filing the income tax return

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In the Union Budget, the central government has given a great convenience to the elderly for not filling their income tax returns. Senior citizens above 75 years of age have now been given tax relief. However, these benefits will only be available to pensioners. Apart from pension, these elders who are going through the interest of bank deposits will no longer have to visit tax consultants and chartered accountants to file ITR.

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After a long wait, the Delhi-Meerut Expressway will be opened to the public on 1 April. Meaning, now a journey from Delhi to Meerut is possible in 60 minutes. The special thing is that at present, this expressway has been kept toll tax free. Actually, despite many meetings, the matter of toll rates on the expressway is not clear yet. Trains can be filled on this expressway from April 1.

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NHAI has formally prepared for this. Even the load testing and final trial run on the 700-meter elevated road prepared towards Meerut in Dasna has been completed. Earlier there was news that this expressway would be opened on 31 March, but due to some technical hurdles, it was pushed forward by a day.

Inputs: www.indiatimes.com

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Mirza Shehnaz
Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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