The employers often split wages into different allowances to reduce their PF liability and also increase the take home pay of their workers.
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
'The package will help in realising the true potential of employment generation in the textile and apparel sector.'
An excerpt from 'Money Smart: The Indian Woman's Guide To Managing Wealth' by Reenita Malhotra Hora and Divya Vij that reveals various options to help you save tax as well as invest for creating long-term wealth.
Tax planning will help you pay less income tax. Something everyone wants. But smart tax planning will help you boost your portfolio.
One popular strategy is to hire contract workers.
This mindless medley of products does not create choice.
No attention to detail seems to have been paid while introducing such a major provision and the wide arc of people it will take in its ambit, states Harsh Roongta.
By region, Thiruvananthapuram leads with 247 defaulters, followed by Kolkata with 173 and Bhubaneswar with 115
'When we say we want to increase pension participation, do we want to increase participation through the savings route?' 'Or do we want people to save in specific pension products?' asks Renuka Sane.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
Employees Provident Fund Organisation is likely to issue permanent account numbers to employees.
EPFO manages a huge corpus of over Rs 6 lakh crore (Rs 6 trillion).
Arun Jaitley had a tough fiscal hill to climb.
Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.
Insurance firms have designed amazing retirment plans to lure more customers.
In an online chat with Rediff.com readers, G Srikanth, partner, GSV Associates, chartered accountants, Chennai and member of the Institute of Cost and Management Accountants, answered queries about the new income tax proposals mooted in the Union Budget 2020-2021.
After assuming power in 2014 with a full majority of its own, the BJP-led NDA government started an ambitious process of reforming labour laws in the form of codes aimed at making the framework less cumbersome with a variety of alterations. It had planned four codes each for industrial relations, wages, social security and welfare, and occupational safety, health and working conditions. To this end, 35 central labour laws were to be converted into four codes that would have had the virtue of streamlining labour relations. But none of the proposed code Bills could be converted into a law principally because neither trade unions nor industry representatives came on board. They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why
When looking at fund returns, avoid looking at just the past 12 months' performance, says Sanjay Kumar Singh
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
Priya Nair tells you how you can use technology to invest better and maximise returns.
'What is this new PF rule? Complete nonsense!' 'I want my PF money right now and not when I am 58 years old.'
Chartered accountant and Sebi registered investment advisor, Harsh Vardhan Roongta, answers your home loan queries
On maturity, 40 per cent of the accumulated corpus can be withdrawn tax-free.
Start 2017 with these five simple financial resolutions and you will put your family on solid ground financially, says D P Singh, executive director and chief marketing officer, SBI Mutual Fund.
The government should now focus on governance and monitoring the supply side to manage inflation, says M V Subramanian.
Unique Identification Authority of India said the alleged data breach took place on a website that does not belong to it.
The Budget touches a few highs and lows as far as personal finance is concerned, and one needs to be aware of them in order to optimise on one's investment plans.
Salaried employees get several benefits under Sections 80C, 80D, 80G and others.
Taxpayers can claim a deduction on tuition fees for a maximum of two children.
The new 10 per cent dividend tax will be payable only on dividend income over and above Rs 10 lakh threshold in a year, according to an amendment to the Finance Bill 2016 approved by Lok Sabha.
Individuals often postpone tax planning till the end of the financial year. As the deadline for showing proof of investments draws near, they invest randomly in any product that will help them save tax for that year. Later, they realise that it is not suited for them, so they abandon it. Tax planning should not be a standalone, one-off activity, but should be in sync with your overall financial plan, says Sanjay Kumar Singh.
Supreme Court allows more instruments to use the biometric card.
Prime Minister Narendra Modi didn't hold back on Wednesday when he launched a scathing attack on the Gandhi family and the Congress in Parliament during a debate on the motion of thanks for the president's address.
Retirees have better options that offer liquidity, better returns and are more tax-efficient.
Indian economy about to take-off
There is no clearly defined right or wrong answer since both target different needs of a portfolio.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances