Who All Are Exempted From FASTag?

Which banks are connected to FASTag?

FASTags are currently issued by 23 certified banks through various channels such as Point-of-Sale (POS) at National Highway toll plazas and select bank branches.

You can buy a FASTag from Paytm, HDFC Bank, ICICI Bank, State Bank of India, Kotak Mahindra Bank, etc.

(The detailed list of issuing bank is mentioned below)..

Do Defence personnel pay tax?

Provident funds being contributed to by defence personnel while being in service are also eligible for income tax deductions under the Fourth Schedule of the I-T Act. All other exemptions and deductions as afforded to civilian citizens under the I-T Act are available to servicemen as well.

Which bank FASTag is best?

Who is your preferred FASTag provider?View Poll Results: Who is your favourite FASTag provider?State Bank of India142.68%Axis Bank295.54%IDFC Bank71.34%ICICI Bank15930.40%20 more rows•Feb 24, 2020

What is Section 10 of IT Act?

The objective of section 10 of the Income Tax Act is to reduce the burden of the different structure of the tax such as rent allowance, allowance for children education, travel allowance, gratuity and so on. …

Is Defence pension exempt from income tax?

Periodic pension is taxable for all employees. Hence, pension received from the defence sector is taxable as salary. For financial year (FY) 2018-19, where the taxpayer receives salary from more than one employer and does not have income from business profession, he is required to file the tax return using ITR-2.

Who are eligible for free toll tax exemption?

You can get either free or half-price registration through Toll Relief if you: spend a minimum of $811 or more (an average of $16 a week) on NSW toll roads in a financial year – 1 July to 30 June. drive a NSW privately-registered vehicle that is less than 2794kgs tare (unladen) weight. are a NSW resident.

Which bank is giving free FASTag?

National Highways Authority of India or NHAI, which is implementing the ambitious FASTag project, has ‘requested’ all banks to provide free FASTags for all users. This request has been made to ICICI Bank, HDFC, SBI, Kotak Mahindra and others.

Is FASTag mandatory for all vehicles?

Union Road Transport and Highways Minister Nitin Gadkari. Union Minister for Road Transport, Highways and MSMEs Nitin Gadkari on December 24 said electronic toll collection device FASTag will be mandatory for all vehicles in the country from January 1, 2021.

Is FASTag mandatory?

To ensure payment of user fee via electronic means and seamless movement of vehicles through toll plazas, FASTag has been made mandatory for four-wheelers from January 1, 2021. … Henceforth, while seeking a new third-party insurance, details of FASTag ID shall be captured on Form 51 (certificate of insurance).

Is police exempted from toll tax?

The amended rule has defined a “security vehicle” as one which carries security personnel from central armed forces or central paramilitary forces or state police. … “This change has made it clear which all vehicles can have the privilege of a free travel through all toll plazas.

Is FASTag free on toll plaza?

The government has rolled out the FASTag-based toll collection system across more than 527 national highways in the country. Road users can visit any authorised point-of-sale location with a valid registration certificate (RC) of the vehicle and get an NHAI FASTag free of cost.

Can I have 2 FASTag for one car?

You cannot use one FASTag with two or more vehicles, you will have to buy two separate FASTags for the two vehicles and so on. As per the IHMCL website, “If you reside within a range of 10 km from the toll plaza, you can avail a concession on toll to be paid via your FASTag.

Is Toll exempted for ex servicemen?

The National Highways Authority of India (NHAI) has stated that exemption from payment of toll on national highways to defence personnel is available only when they are “on duty”. … It is also not available for retired defence personnel.

Is military service pay exempted from income tax?

The ones falling under the tax purview are Military Service Pay, Grade Pay, Classification Allowance Group Pay, Composite Personal Maintenance Allowance, Good Conduct / Service Badge Pay, House Rent Allowance, Language allowances, Instructional Duty Allowances , Officiating Allowances, Para /Flying Allowances/Submarine …

Which is the cheapest FASTag?

HDFC Bank – Rs 400: Rs 100 is the issuance fee. … Paytm – Rs 100: This seems to be the most generous deal to car owners. … ICICI Bank – Rs 500: The most expensive deal on this list. … SBI Bank- Rs 400 : This includes Rs 100 as issuance fee, Rs 200 as security deposit with a minimum balance of Rs 100.

Can I buy FASTag from toll plaza?

FASTags are available at the toll plaza counters, however, you can also buy it from banks — ICICI Bank, Axis Bank, HDFC Bank, Paytm Payments Bank, etc.

Can I change my FASTag bank?

Share. FASTag is linked to a registered Paytm Payments Bank wallet/account to facilitate instant automatic deduction of toll charges. So, if your FASTag is linked to Paytm wallet, which is connected to another bank account, then you can change the bank account and recharge the wallet from the new bank account.

How can I get a free FASTag?

Steps to Get FASTag for Free from Paytm App:On the Paytm App, select FASTag Option. After you have logged in, on the home page, select “FASTag & Toll” or “Get your Free FASTag now!”. … Select “Buy FASTag“ On the new page, click “Buy FASTag” .Fee Breakup: