Though it may be anecdotal, there are some HR people who cannot reconcile their own salary from a CTC to take home!
EPFO has a subscriber base of around 6 crore (Rs 60 million).
'Even where we are now today, the growth rates are very good, but we need to get to 8-9 per cent growth in the years to come.'
Supreme Court allows more instruments to use the biometric card.
Senate and House negotiators from both parties did not comment on the details of the deal, saying the staff is still working on last-minute logistics.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
According to a study by global HR consultancy Mercer, even the largest companies in the country, whether public or private, could do more to help secure adequate retirement benefits for their workforce. In both public and private sector firms the basic salary is 28-30 per cent of the total salary. The basic salary for top management officials in private sector hovers between 25 and 40 per cent, while for other employees it falls in the range of 25 per cent to 30 per cent.
'EPFO's investments this financial year should be Rs 1 lakh crore'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The defence ministry employees have been given an option of donating one-day salary every month for the next one year and this would be done voluntarily.
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The impact the Economic Survey had on the Budget proposals and the influence the Prime Minister wielded on them deserve close attention.
Finance Minister Nirmala Sitharama on Thursday stated the government is planning to provide a relief package of Rs 1.7 lakh crore to the underprivileged, poor and migrant workers affected by the lockdown amid the coronavirus outbreak. The scheme has been named the Pradhan Mantri Garib Kalyan Scheme.
To help revive the economy battered by COVID-19, Finance Minister Nirmala Sitharaman on Monday announced a slew of measures, including Rs 1.1 lakh crore credit guarantee scheme for improving health infrastructure, and enhancing the limit under the ECLGS by 50 per cent to Rs 4.5 lakh crore for the MSME sector facing liquidity crunch. Sharing the details of stimulus package, the finance minister said this comprises eight relief measures and other eight measures to support the economic growth. She announced Rs 1.1 lakh crore loan guarantee scheme for COVID-affected sectors, including health sector, which includes guarantee cover for expansion or for new projects. Besides, she said, additional Rs 1.5 lakh crore limit enhancement done for Emergency Credit Line Guarantee Scheme (ECLGS) scheme.
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.
A government panel examined the records of employees surveyed by Labour Bureau's quarterly enterprises surveys and mapped it with the EPFO's subscribers and found "unexplained variations" between the two.
An open letter written by women employees of KFA alleged that the company did not pay salaries
The funds raised by employees were matched by an equal contribution from Wipro.
Govt to scrap 8 appellate tribunals; National Company Law Appellate Tribunal to take over Competition Appellate Tribunal's duties
The SAT asked Sebi as to what it was doing all these seven years and why it did not object to the revised IPO documents.
It is Finance Minister P Chidambaram's meeting with leaders of public sector bank unions that averted the three-day bank strike proposed from March 28.
As beneficiaries under Pradhan Mantri Rojgar Protsahan Yojna have to be EPF subscribers, these numbers indicate that the increase in EPFO payroll estimates is largely due to an increase in the beneficiaries registered under PMRPY.
Employee integration and branch rationalisation are major challenges.
Hinduja Group's business process management entity, Hinduja Global Solutions Limited (HGS) said on Wednesday that it has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), at an enterprise value of $1.2 bilion. The deal is subject to closing adjustments, and is expected to complete within 90 days, subject to shareholder and other regulatory approvals. "The cash that will come in as a result of this transaction will be deployed to growing the business as well as looking at buying some capabilities...where capabilities are important for being able to do a good job of customer experience transformation.
Allocation of portfolios would be the immediate vexatious issue for the party, with supporters of Virbhadra Singh already feeling sidelined after the elevation of the late chief minister's professed rival Sukhu.
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
The Income-Tax (I-T) department has issued around 8,000 notices to salaried employees, self-employed individuals, and companies who made significant donations to charitable trusts. The department suspects potential tax evasion, as records of these donations do not correspond with the income and expenses of those making them. Sandeep Bajaj, managing partner, PSL Advocates & Solicitors, says, "Notices were issued for donations made during the assessment years of 2017-18 through 2020-21."
The textile industry is the second-largest employer in the country, employing about 32 million, and the government is banking on it to absorb millions of youth.
Restrict investment to Rs 50,000 for tax benefits, experts tell Sanjay Kumar Singh, but caution that taxation at maturity and compulsory annuities are dampers.
A simple primer on how much money taxpayers can save under various sections of the Income Tax Act.
Is it a divine, sacrosanct university, a holy cow, prohibiting human intervention?
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Govt unveils reforms that cuts down time and bureaucracy.
Tax planning will help you pay less income tax. Something everyone wants. But smart tax planning will help you boost your portfolio.
The remaining 0.35 per cent will be credited in December this year, if the EPFO is able to redeem its equity investments.
The biggest worry is not the shrinking of the labour market, but the collapse of good jobs.
'We need to take steps towards ease of doing business.'
Rules being drafted, to also cover unorganised sector; maternity benefit, old age pension, sickness allowance to be included
You need to make your investments now; March 31 is barely two months away.
Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.
Per capita income has more than doubled to Rs 1.97 lakh in around nine years. Indian economy has increased in size from being 10th to 5th largest in the world in the past nine years. Seven priorities of the Budget, 'Saptarishi', are inclusive development, reaching the last mile, infrastructure and investment, unleashing the potential, green growth, youth power and financial sector.
'When I talk to my colleagues in the Railways, they say 'aadmi toh bohot hai, lekin matlab ka aadmi ek bhi nahi hai (the Railways has a bloated workforce, but doesn't have employees with have the skillsets that matter)'.'
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