Tuesday, April 27, 2021
Monday, April 26, 2021
Rule 139 of Central Motor Vehicle Act
According to Rule 139 of the Central Motor Vehicle Rules, if the driver does not have the documents in time, in physical or electronic form, registration, insurance, fitness and permit certificates, driving license pollution, etc., then he has to present all the necessary documents. A time of 15 days is given.
Rule 139 of Central Motor Vehicle Act in Hindi - Following the new Motor Vehicle Act, which came into force from September 1, there have been reports of large number of vehicle drivers getting challans of thousands of rupees from different states of the country. In fact, for violating traffic rules in the new Motor Vehicle Act, the penalty amount has been increased by almost 10 times. Recently, a truck driver in Odisha was fined Rs 86,500. Earlier, an auto driver's challan of Rs 4,6500 was deducted in Gurugram, Haryana. Action was taken on these drivers for breaking traffic rules and not having the necessary documents related to the car. However, there is also a rule in the Motor Vehicle Act, from which you can cancel your challan of thousands of rupees for just 100 rupees.
Such challans can be canceled : According to traffic rules, if you do not have your driving license, vehicle registration certificate (RC), insurance, pollution certificate and permit while driving on the road, your challan can be deducted. But ... Rule 139 of the central motor vehicle act provides that the driver will be given 15 days time to present the documents. The traffic police cannot cut his challan immediately.
This means that if the driver claims to show these documents within 15 days, then the traffic police or RTO officials will not deduct the challan of the vehicle. After this, the driver has to show these documents to the traffic police or officer concerned within 15 days. At the same time, under the New Motor Vehicle Act 2019 Section 158, the time for getting an accident or showing these documents in special cases is 7 days.
If the traffic police challans you illegally, then it is not mandatory to fill the challan. The challan of the traffic police can be challenged in court. And if it is proved in the court that the driver has all the documents and he is not given 15 days time to present these documents, then that fine can be waived by the court.
However the condition in this rule is that all papers must be dated before the invoice is deducted. For this process you will have to pay a fee of Rs 100 per document.
How to get death certificate - how to get death certificate online in india
Death certificate is one of the important documents. Many things cannot be done without it. For example, if you have to make an insurance claim or withdraw money from the account of the deceased or take a pension, you need a death certificate everywhere.
On the basis of the death certificate, the legal heir of the deceased gets the pension, payment of life insurance, payment of the remaining amount in the bank account, so if the death certificate is not there then the death person will not be able to get these payments.
You can apply online within 21 days after death, for which you will not have to pay any money.
- Go to the Central Government website
- Create an account
- Fill the death form
- Submit it
- Then print
- Also add an address proof (of the person who dies)
- Make two people watch (family members or others)
- Fill the declaration form from both ( download from here )
- After this, submit it by going to the registrar (whose address is below the form).
After 21 days you cannot do online but you will have to make it offline.
- Fill in Form 2 ( download from here )
- Also add an address proof (of the person who dies)
- Make two people watch (family members or others)
- Fill the declaration form from both (download from here)
- After this go to the registrar and submit
Many people of this state can apply from this website, whose list is given on this site, apart from this you can get a death certificate from the Jan Seva Kendra or from the website of your state.
The central government has made Aadhaar card mandatory for creating death certificate ie death certificate from 1 October 2017. Under this decision of the government, Aadhaar number will be necessary to know the identity of the deceased, only after this the death certificate will be made. If a person does not have an Aadhaar card and dies, then his family will not be able to produce his death certificate. In the event of not having a death certificate, the heir of the deceased will not get the benefit of the policies in his name.
National Pension System Details - नेशनल पेंशन स्कीम (NPS)
The National Pension System i.e. NPS is a government retirement saving scheme, which was launched by the central government on 1 January 2004. This scheme is mandatory for all government employees joining after this date. Since 2009, the scheme has also been opened to people working in the private sector.
Even after retirement, you continue to have regular income, for this, retirement planning is very important. You can secure your future from today by investing in different places. National Pension Scheme (NPS) is also a good investment option in terms of retirement planning. As of May 2019, more than 55 lakh people have invested in the government-run scheme. The age of joining this scheme is between 18 and 60 years.
Highlights:
- All public and private banks have Point of Presence (POP) for NPS.
- Under NPS, you can get a maximum tax exemption of Rs 2 lakh in a year
- After 60 years of age, 60% of the money deposited in NPS can be taken as cash
What is National Pension Scheme ?
The National Pension Scheme (NPS) was introduced in January 2004 for government employees. It was opened to all categories of people in 2009. Any person can contribute regularly to the pension account during his working life. He can also withdraw a portion of the money collected at one time and use the remaining amount to get regular income after retirement. The NPS account increases with a person's investment and the returns he receives.
Four sectors in the open is the account
Central Staff : It is opened by the Central Government to the Central employees. In this, 14% of the salary (basic) is deposited in the NPS account.
State Government Employees : The State Government opens this account for its employees. In this also 10% of salary (basic) is deposited in NPS account.
Corporate Sector : This is opened by private companies to their employees. In this, companies deposit 10% of the employee's salary (basic) into the NPS account. Apart from this, if the employee wants, he can also deposit some or all of the salary in the NPS account.
All citizens model : Businessmen, livelihood people etc. come in it. People coming to this sector have to open an NPS account online or by going to the bank. They can deposit any amount in it.
Types of NPS accounts :
There are two types of accounts in NPS : Tier 1 and Tier 2
- Funds cannot be withdrawn from Tier 1 till the age of 60 years.
- Tier II NPS account works like a savings account, from where the customer can withdraw money according to his need.
Fund manager
These are the ones that invest your deposit in a better way so that you can get maximum returns. You have to select it only while opening an NPS account. There are 8 fund managers recognized by the government. They are appointed by the Pension Fund Regulatory and Development Authority (PFRDA). These are:
1. HDFC Pension Management Company Limited
2. Reliance Capital Pension Fund Limited
3. UTI Retirement Pension Fund Limited
4. Kotak Mahindra Pension Fund Limited
5. LIC Pension Fund Limited
6. SBI Pension Funds Private Limited
7.ICICI Prudential Pension Funds Management Company Limited
8. Birla Sunlife Pension Management Limited
Fund manager 's choice as to
It is due to the fund manager that your money increases and later you get good returns. In such a situation, it is important that you choose a better fund manager. Keep funds in mind when choosing a manager:
Return View : select the fund manager who has so far made good returns. You can get complete information from npstrust.org.in/return-of-nps-scheme.
Change can have fund managers
Returns are received on the amount deposited in the NPS account. This return is not fixed and depends on which scheme your fund manager is investing your money in. Its information is constantly given to you. If your fund manager is not getting good returns, then you can also change it once a year.
Annuity - Annuity
After the completion of NPS, you have to pay at least 40% of the amount that is deposited with you to the insurance company. The insurance company starts your pension with this money. If you want, you can also give the entire amount deposited in the NPS to the insurance company and start a pension on the basis of that. The annuity is the amount given to the insurance company for the pension. For annuity pension you have to choose one of these five companies:
- HDFC Standard Life Insurance Company Limited
2. Star Union Daichi Life Insurance Company Limited
3. Life Insurance Corporation Of India Limited
4. ICICI Prudential Life Insurance Company Limited
5. SBI Life Insurance Company Limited
NPS to receive the benefit
- The government has increased the exemption limit for payment on final withdrawal from NPS from 40 per cent to 60 per cent.
- The finance minister has decided to separate the NPS Trust from the Pension Fund Regulatory and Development Authority (PFRDA).
- The government has also proposed to increase the contribution limit in the accounts of its employees from 10 to 14 percent.
- As per the existing provisions, any NPS customer can claim deduction up to 10% of gross income under section 80CCD (1) of the Income Tax Act in the total limit of Rs. This limit is 5 lakhs under section 80CCE.
- Under section 80CCE, customers can claim additional deduction up to Rs 50 thousand.
- The amount invested in the purchase of annuity is also completely exempt from tax.
In NPS, 60 percent of the amount can be withdrawn on completion of maturity, while 40 percent of the amount has to be taken as annuity (pension).
For example, if you are 30 years old and you add 5000 rupees every month till the age of 60 years in the NPS and assume the annual return of 10 percent is given, then the maturity corpus will be Rs 1.14 crore. Out of this amount, the investor has the right to withdraw only 60 per cent, that is, the NPS account holder can withdraw only 68.37 lakh rupees.
How to open an NPS account
Offline process
- To open an NPS account offline or manually, one must first search for the PoP-Point of Presence (may also be a bank).
- Take a Subscriber form from your nearest PoP and submit it with KYC papers.
- Once you make the initial investment (Rs 500 or Rs 250 monthly or not less than Rs 1,000), PoP will send you a PRAN - Permanent Retirement Account Number.
- With the help of this number and password, you can run your account.
- For this process, one-time registration fee of 125 will have to be paid.
Online process
- If you connect your account with your PAN, Aadhaar / or mobile number, then it is easy to open an account online. You can validate the registration using the OTP sent on your mobile. After this you will get a PRAN (Permanent Retirement Account Number) with the help of which you can login to NPS.
If any reason you NPS account between the well off to want to do it a few conditions are :
Cannot close account before 10 years.
- Only 20% can be withdrawn in a lump sum.
- The remaining 80% of the annuity will have to be purchased. With this, pension will be given every month after the age of 60 years.
On the death of 60 years or before retirement, the nominee is paid the full pension.
- If your deposits are less than 2 lakh rupees then you will not need to take an annuity and the entire money will be received in one lump sum.
You will also get complete information from the app
- NPS account holders can also keep complete information about their account through the app.
- You can download an app called NSDL from the Play Store.
Sunday, April 25, 2021
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