The government has decided to reduce the tax benefits on PF, in a move to target high-income earners who benefit from the scheme.
The Income Tax (I-T) Department has recently removed several exemptions from the list of people who are mandatorily required to file their income tax returns.
Union Labour Minister Bhupender Yadav on Friday said almost all states have prepared draft rules on the four labour codes and the new rules will be implemented at an appropriate time.
Certain cash transactions beyond the specified limit should be reported to the tax authorities
An individual who starts working at the age of 21 years with a basic monthly salary and DA (Dearness Allowance) of Rs 25,000 can retire with over Rs 1 crore from his regular contributions to the EPF investment.
Having a clean track record in Income Tax Returns makes it easier to get loans.
The full and final settlement of wages rule change has been delayed from the initial plan of implementing the new labour guidelines from July 1.
While the EPF is a lifetime deposit, there are provisions to withdraw money from the EPF early as well.
Sukanya Samriddhi Yojana scheme is a small deposit scheme, which was launched by the Government as part of its "Beti Bachao Beti Padhao" campaign
A personal loan can be availed for various financial requirements, for instance, medical emergencies, higher education, international trips and marriage expenses. These loans are easy to get and come in the unsecured loan category in which a borrower doesn't need to offer any collateral. To put it simply, collateral is an item that a bank can seize when a borrower fails to repay a loan on the agreed terms and conditions. The rate of interest of a personal loan is mostly at the higher end when compared to other borrowing loan rates, for instance, home or car loans.
From availing benefits under government schemes to applying for jobs, Aadhaar Card is accepted as a proof of identity.
PPF and post office savings schemes are among the most popular investment products for long-term investors
The new labour laws have been passed through the parliament but are delayed as Indian states are yet to notify these regulations.