EPFO Update: In response to queries in Parliament, the government recently shared details of the Employees’ Provident Fund Organisation’s (EPFO) investment patterns over the last few years. Lok Sabha member T. Sumathy Alias Thamizhachi Thangapandian inquired whether EPFO has made significant investments in debt instruments and Exchange Traded Funds (ETFs), and if so, requested details.
The central government has recently informed Parliament about unemployment benefits being provided under various central schemes to unemployed youth in the country. In the Parliament’s winter session, which concluded last week, parliamentarian GC Chandrashekhar asked the government about plans to introduce a scheme offering unemployment allowances to unemployed youth in the country to help them
Tax planning helps you analyse your financial position and find ways to lower net taxable income and overall tax outgo using various provisions available under the Income Tax Act, 1961. It become even more important to review tax planning periodically as the government frequently brings changes to income tax rules either during the Union Budget
As we conclude 2024, it’s about time to reflect, take a close stock of our accounts, and plan for a better start in 2025. Listed below are 8 steps to evaluate closely how our plans have panned out and the course correction required to set ourselves up for a secure and successful 2025. 1. Review
The Employees’ Provident Fund Organisation (EPFO) has announced some major changes in guidelines and policies for its crores of members. Most of these changes are likely to be effective in the new year. The retirement fund body is set to introduce many new facilities for its subscribers. The primary objective of these new rules is
Question: I am a salaried employee with the Leave Travel Allowance (LTA) as part of my salary structure. I am planning a trip to Kerala during the Christmas and New Year holidays. Can I claim tax benefits under LTA for my flight and stay expenses? If yes, could you please let me know the necessary
The government has addressed the demand for revising the minimum pension under the Employees’ Pension Scheme (EPS). Currently, the EPS 1995, administered by the Employees’ Provident Fund Organisation (EPFO), provides a minimum monthly pension of Rs 1,000 to members. In the Lok Sabha, Member of Parliament Ummeda Ram Beniwal questioned the government on whether it
The government has been actively conducting surveys to identify tax evaders under Section 133A of the Income-tax Act, 1961. In response to a question raised in the Lok Sabha by Arun Kumar Sagar, the Minister of State in the Ministry of Finance, Pankaj Chaudhary, shared details about the surveys conducted over the last three years.
Paytm has been issued a show cause notice by the Enforcement Directorate (ED) for alleged violations of the Foreign Exchange Management Act (FEMA), the company revealed on Saturday. The notice pertains to irregularities in the acquisition of two subsidiaries—Little Internet Private Limited and Nearbuy India Private Limited—between 2015 and 2019, according to Paytm’s statement. Reassuring
The central government has appointed Tuhin Kanta Pandey as the new Chairperson of SEBI, succeeding Madhabi Puri Buch after her three-year tenure. Buch, the first woman to helm the regulator assumed office on March 2, 2022, had her last working day on February 28 (Friday). As per SEBI’s tradition, a farewell was expected for Buch
Taxpayers who wish to update their income tax returns for the previous two years can do so before March 31. While an updated return can be filed at any time, it must be submitted within two years from the end of the relevant assessment year. For instance, those looking to update their return for the
Despite the government’s focus on affordable housing and the launch of ambitious schemes like PMAY, homes still remain unaffordable for many in India, especially in major cities. So, the question is: what makes housing unaffordable and what can be done to help make cities more livable and sustainable for everyone? In a past video posted
Tuhin Kanta Pandey assumed charge as the 11th chairman of capital markets regulator Sebi on Saturday. Pandey, a career bureaucrat who was serving as the Finance Secretary till now, was appointed chairman of the Securities and Exchange Board of India (Sebi) by the government on Thursday. He replaces Madhabi Puri Buch, whose three-year tenure ended
