State-owned companies, from builders such as NBCC to oil firms such as Bharat Petroleum Corp Ltd, are attracting top investors as cheap valuations, improving earnings, and share buybacks make them stand out in an otherwise expensive market.
Tamil Nadu Circle of All India BSNL Pensioners' Welfare Association on Tuesday urged the Centre to extend the benefits of 7th Pay Commission to BSNL retirees, who were also covered under the government pension scheme.
Government is examining SIT's recommendation of banning cash transactions of over Rs 3 lakh in a bid to clamp down on black money in the economy, CBDT Chairperson Rani Singh Nair said on Tuesday.
Defying expectations, Indian stock markets gave a muted reaction today to the news of appointment of Urjit Patel as new Reserve Bank Governor.
Most of you must be aware that if you are residing in a rented accommodation and your company is giving you house rent allowance (HRA) as a part your salary, you can claim HRA deduction equivalent to the least of the following:
Union Labour Minister Bandaru Dattatreya on Sunday said the Employees' Provident Fund Organisation (EPFO) will raise proportion of its investments in exchange-traded funds (ETFs) from the present 5 per cent and a final decision on the quantum for current fiscal year would be taken very soon.
Many people buy life insurance policies just to save tax as the premium paid is eligible for deduction under Section 80C
The Labour Ministry will come out with a scheme to provide low-cost housing for Employees' Provident Fund Organisation (EPFO) subscribers, Union Minister Bandaru Dattatreya said on Sunday.
As per the data, over 3.12 crore salary earners filed tax returns in assessment year 2012-13. Over 1.95 crore individuals filed returns with no salary income.
Capital gains tax on future sale of immovable property disclosed under the black money disclosure scheme will be levied from date of its acquisition, while for other assets, it will be computed from June 1, the day the scheme became operational, CBDT said.
The retirement fund body also talked about implementation of its earlier decision of providing higher pension to those subscribers deferring pension beyond the age of 58 years.
The valuation report from a registered valuer will not be questioned by the income tax department for disclosures made under the domestic black money compliance scheme, the CBDT clarified.
Income tax slab rates are reviewed by the government in Budget every year. But the tax slabs have not been changed for the last few years. Here is a primer on income tax slab rates for AY 2016-17 (FY 2015-16).
Only 14 lakh individuals out of the 2.89 crore assessees in the country declared an annual income of over Rs 10 lakh, attracting the highest tax bracket of 30 per cent, in assessment year 2012-13.
All central government departments have been asked to set up committees to look into various pay-related anomalies arising out of the implementation of the Seventh Central Pay Commission recommendations.
The Employees' Provident Fund Organisation (EPFO) on Wednesday said the Employees Provident Fund Scheme has been amended to include centralised portal PayGov for financial transactions, thus enabling PF dues to be collected through the portal.
Global economic crisis will continue to drive the demand for gold and silver worldwide, with appetite for the yellow metal likely to pick up in India in the second half of 2016 on the back of festive season and Pay Commission award, industry experts said.
Seeking to contain demand for physical gold, the government is likely to issue a fifth tranche of the sovereign gold bond (SGB) scheme next month.
The government may disburse Rs 34,600 crore to its employees in August salary as arrears due to implementation of the Seventh Pay Commission recommendations, India Ratings and Research said on Wednesday.
Retirement fund body Employees' Provident Fund Organisation (EPFO) has asked its over 120 field offices across the country to ensure that all employers are depositing their provident fund contributions only through electronic mode by using the Internet banking.