NDTV Profit Team | Last Updated: June 30, 2016 09:34 (IST)
In a big bonanza for 1 crore government employees and pensioners, the Union Cabinet today approved the Seventh Pay Commission's recommendations. Effective January 1, the salary of government staff will go up by 23.5 per cent.
Press Trust of India | Last Updated: June 30, 2016 00:04 (IST)
The Labour Ministry has amended the Employees' Pension Scheme 1995 to provide the entitlement of a minimum monthly pension of Rs 1,000 in perpetuity to its over 50 lakh pensioners.
Thomson Reuters | Last Updated: June 29, 2016 21:38 (IST)
The government on Wednesday approved an increase of at least 14.29 per cent in salaries and pensions for about one crore (10 million) government employees and pensioners, a move that is expected to boost consumer demand and underpin economic growth.
NDTV Profit Team | Last Updated: June 29, 2016 17:52 (IST)
Arrears related to the Seventh Pay Commission will be paid this year, Finance Minister Arun Jaitley said on Wednesday.
Press Trust of India | Last Updated: June 29, 2016 15:45 (IST)
An advisory body of EPFO has rejected a proposal to engage private banks -- ICICI, Axis and HDFC Bank -- for collection of PF contribution from employers.
Press Trust of India | Last Updated: June 29, 2016 12:46 (IST)
Recommendations of the 7th Pay Commission got the Cabinet nod today, which will benefit over one crore government employees and pensioners.
Press Trust of India | Last Updated: June 29, 2016 12:18 (IST)
The ASKs help a person in conducting their personal and business operation with the department ranging from obtaining a new Permanent Account Number (PAN) to filing Income Tax Returns (ITRs) apart from other income tax related subjects.
Press Trust of India | Last Updated: June 29, 2016 10:06 (IST)
Pension fund regulator PFRDA is scouting for a tax consultant for the fiscal 2016-17 to advise it on all the taxation related issues. The consultant would be advising PFRDA on issues related to "tax deducted at source, service tax, GST (when enacted), any other tax related issues, including queries on tax matters...," said the Request For Proposal (RFP) document floated by the regulator said.
Press Trust of India | Last Updated: June 28, 2016 22:45 (IST)
The Employees' Provident Fund Organisation (EPFO) has said in its vision document that it aims to cover all the workers in the country under provident fund (PF), pension and life insurance by 2030.
Press Trust of India | Last Updated: June 28, 2016 20:25 (IST)
State-run Air India will now fly unconfirmed passengers of Rajdhani trains at the fares matching with the AC first class ticket prices under a special scheme for a limited period.
Creditvidya.com | Last Updated: June 28, 2016 14:58 (IST)
Though credit bureaus have been functioning in India for almost a decade and half, a survey shows that almost more than 80 per cent of the Indian population does not know about the existence of credit bureaus.
Press Trust of India | Last Updated: June 28, 2016 13:43 (IST)
Retirement fund body EPFO will on July 7 take a decision on increasing investments in stock markets through ETFs, as they have started giving returns, Labour Minister Bandaru Dattatreya said.
NDTV Profit Team | Last Updated: June 28, 2016 12:06 (IST)
The Cabinet is likely to take up Seventh Pay Commission recommendations for government employees on June 29.
Press Trust of India | Last Updated: June 27, 2016 14:21 (IST)
Finance Minister Arun Jaitley will meet industry associations tomorrow to clear doubts about the four-month window provided to holders of undeclared wealth to come clean.
Press Trust of India | Last Updated: June 26, 2016 18:51 (IST)
Union Labour Minister Bandaru Dattatreya has indicated that investment by the Employees' Provident Fund Organisation (EPFO) in exchange-traded funds (ETFs) would be increased and a decision would be taken at a meeting of the Central Board of Trustees on July 7.
Prashun Talukdar | Last Updated: June 26, 2016 14:05 (IST)
More and more vehicle owners are opting for zero depreciation, commonly known as 'zero dep', covers, which offer full claim without deduction for depreciation on the value of parts replaced. In a regular cover, in a case of a claim you have to pay partly from your own pocket to account for the depreciation in the parts replaced. However, the zero depreciation cover comes at a higher cost than the standard auto insurance cover.
Associated Press | Last Updated: June 25, 2016 20:26 (IST)
Investors with heavy investments in the UK and Europe may have felt a sting Friday. US stocks fell more than 3 per cent but some European indexes fell over 12 per cent.
Written by Renu Yadav | Last Updated: June 25, 2016 11:26 (IST)
There are many provisions in tax laws that can help you lower your income tax burden with help from your family members. But many of us are not aware of these small tax provisions. Here are some of the legal ways to save taxes.
NDTV Profit Team | Last Updated: June 24, 2016 16:49 (IST)
It was a terrible Friday for many Indians, especially those with heavy exposure in stock markets. The BSE Sensex plunged nearly 1,100 points in morning trade, following news that the UK has voted in favour for Brexit.
Press Trust of India | Last Updated: June 24, 2016 13:13 (IST)
The exhaustive list, uploaded on the official web portal of the department, includes valuers of immovable property, jewellery, plant and machinery, stocks, shares and debentures and agricultural land.