Finance minister introduces 3 new schemes to enhance employment through EPFO, with a total outlay of Rs 1.07 lakh crore. Schemes aim to benefit first-time employees, encourage job creation in manufacturing sector, and support employers for additional employment. EPFO records highest net addition of 19.50 lakh members in May 2024, with significant growth in...
Read MoreNirmala Sitharaman’s Budget 2024 raises standard deduction to Rs 75,000 for salaried individuals and pensioners, and Rs 25,000 for family pensioners. This increases tax savings and reduces taxable income. Originally introduced in 1961, reintroduced in 2018, and last increased in 2019, it replaces medical reimbursement and transport allowance. Claim via income tax return.
Read MoreThe Budget 2024 introduces significant changes to NPS benefits, allowing for higher employer contributions and tax savings. The new tax regime impacts both private and public sector employees. Learn more about the details and implications of these changes.
Read MoreIn a latest development, the three-member committee, appointed by the International Cricket Council (ICC), to conduct the review into the delivery of the ICC Men’s T20 World Cup 2024, is in favour of a thorough forensic audit and is likely to appoint an external company specifically for this purpose. The development comes a day...
Read MoreThe effect of 2024’s Lok Sabha election results was writ large on the first Budget of Modi 3.0, with employment creation given pride of place and keeping allies happy too very much in focus. The fact that the Budget comes at a time when the govt’s finances are relatively comfortable meant that finance minister...
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