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Current Affairs - 2021
What is the new limit of EPF contribution up to which interest would be tax exempt, as per the amendments made in the Finance Bill 2021?
A)
Rs 3 lakhs
B)
Rs 4 lakhs
C)
Rs 5 lakhs
D)
Rs 10 lakhs

Correct Answer :   Rs 5 lakhs

Finance minister Nirmala Sitharaman has recently increased the deposit threshold limit to ₹5 lakh per annum in Employee provident fund (EPF), for which interest would be tax-exempt, if there is no employer contribution.
During the Budget 2021, the Minister announced that interest earned on the EPF contributions above ₹2.5 lakh will be taxable from 1 April.

Published On : March 28, 2021
Recently Updated Current Affairs
Q .
Which IIT was awarded a patent by the Government of India on indigenously developed compact inverter?
A)
IIT Delhi
B)
IIT Mumbai
C)
IIT Patna
D)
IIT Varanasi

Correct Answer :   IIT Patna

Indian Institute of Technology-Patna (IIT Patna) has been awarded a patent by the Patent Office of the Government of India on an indigenously developed lightweight, compact and easy-to-port inverter. IIT Patna will have the copyright on the commercial use of this technology for 20 years.  

Published On : May 2, 2024
Q .
Who has been appointed as the new director in DPIIT?
A)
Pratima Singh
B)
Aditi Sinha
C)
Rajiv Shekhar
D)
Ajay Kumar Sharma

Correct Answer :   Pratima Singh

Pratima Singh (IRS) has been selected for the appointment as Director in the Department of Promotion of Industry and Internal Trade (DPIIT) on Wednesday (1st May 2024). According to an order issued from the Department of Personnel & Training (DoPT).

She has been selected for the appointment under the Central Staffing Scheme for a period of five years from the date of taking over charge of the post or until further orders, whichever event takes place earlier.

Singh is an Indian Revenue Service (IRS) officer of 2009-batch. She was recommended for the Central deputation by the Department of Revenue. “She may kindly be relieved of her duties immediately with instructions to take up her new assignment in Department of Promotion of Industry and Internal Trade,” the order further reads.

Published On : May 2, 2024
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