No TDS for PF withdrawals of up to Rs 50,000

New Delhi
No tax would be deducted at source for PF withdrawals of up to Rs 50,000 from June 1. The government has notified raising the threshold limit of PF withdrawal for deduction of tax (TDS) from existing Rs 30,000 to Rs 50,000, a senior official said. PTI

Chandigarh
Continental exclusive tyre outlet in Ambala

German tyre manufacturer, Continental India has launched its first store at Ambala. The company plans to expand its footprint throughout the country. It has also introduced new tyre range series “Conti Max Contact MC5” and “Conti Comfort Contact CC5” premium passenger car tyres. TNS

Chandigarh
Birla Sun Life launches SecurePlus Plan

Birla Sun Life Insurance has launched SecurePlus Plan which offers life cover for the policyholder plus two benefit options at the end of the policy term. In first option, if a customer has paid Rs 1 lakh per annum for 12 years, he will receive Rs 1 lakh in 14th year followed by 2, 3, 4, 5 and 6 lakh in 15th, 16th, 17th, 18th and 19th year, respectively. In another option, the customer will receive double the premiums paid for 12 years. tns

Chandigarh
Gionee launches smartphone for Rs 26,999

Gionee India has launched its smartphone ‘Marathon M5’ Plus with 5020 mAh battery capacity. The phone is future ready and offers both 4G and VoLTE SIM. The device is priced at Rs 26, 999 and will be available across retail outlets in India and through Flipkart. TNS

Chandigarh
HARCO net profit up at Rs 42 crore in FY16

The Haryana State Cooperative Apex Bank Limited (HARCO) has earned a gross profit of Rs 41.97 crore and net profit of Rs 23.80 crore for the year 2015-16. The bank increased its deposits from Rs 2,179.55 crore as on March 31, 2015 to Rs 3,104.91 crore as on March 31, 2016. It advanced loan of Rs 7,608.07 crore during the year as compared to Rs 6,748.60 crore advanced during 2014-15. Tns