Salary

Bengaluru is highest paying city for talent

With an average annual CTC for talent across all levels and functions standing at about Rs 11 lakh, Bengaluru topped the list of salary trends this year.Pune stands second at around Rs 10 lakh, followed by NCR and Mumbai with an average annual CTC of a little under Rs 10 lakh and around Rs 9 lakh, respectively. The report has been published by Randstad India.

CBDT facilitates seamless tax payment

The Central Board of Direct Taxes (CBDT) released a one-page simplified Income Tax Returns Form-1 ‘Sahaj’ for the assessment year 2018-19.It can be filed by an individual having income up to Rs.50 lakh and who is receiving income from salary, one house property/other income such as interest. This initiative benefited around 3 crore taxpayers, who filed their return in this simplified Form.

HDFC makes RTGS, NEFT transactions free

HDFC Bank Ltd has made online transactions through RTGS and NEFT free of cost from 1st November 2017, with an aim to promote a digital economy. According to the revised fees and charges for savings and salary accounts, customers will not have to pay any charge for doing online transactions through RTGS and NEFT from 1st November 2017. Also, a customer can avail one chequebook of 25 leaves free.

Corp Bank Inks Pact with Indian Army

Corporation Bank has signed a MoU with the Indian Army on defence salary package. It will be providing free/concessional services to the Army under the MoU. The services include free drafts, free cheque books, free funds, free ATM cards, unlimited transactions on all ATMs. Free personal accident insurance cover of ` 5 lakh and ` 10 lakh up to the age of 70 years are the other features.