If employee contribution to the EPF is restricted to 12% of the wage ceiling, the maximum monthly contribution would rise from ₹1,800 (12% of ₹15,000) to ₹3,000 (12% of ₹25,000). This means a maximum reduction of ₹1,200 a month, or ₹14,400 a year, in take-home pay. The employer contribution too will increase by the same amount.
Imagine clearing your home loan after years of repayments, only to find that the bank has lost your original property documents. That is what happened to a Delhi-based couple, who had to fight a legal battle after Axis Bank reportedly failed to return their original sale deed even after their loan was closed. According to…
A Delhi consumer commission has held that a health insurer cannot reject a mediclaim simply by stating that hospitalisation was not medically necessary when the treating doctors had advised admission and the insurer failed to produce any medical evidence to support its stand. In a recent order, the commission directed Oriental Insurance Company Ltd. to…
Some economists have brought forward their forecasts for a rate hike by the central bank to as early as October, overturning earlier expectations that the rates would be held steady for the rest of the year amid surplus liquidity. IDFC First Bank and SBI Research now expect a 25-basis-point (bps) increase next month due to…
Ten BSE SmallCap stocks, led by Moneyboxx Finance with a 47% gain, rose in each of the five trading sessions through September 18 despite broader market weakness.
If you are looking at global markets and avoiding India based on its recent performance, you may be overlooking its long-term track record. While diversifying across markets can help spread portfolio risk, chasing today’s best-performing market may not always be the right approach for long-term investors. Data from a WhiteOak Capital Mutual Fund study shows…
NEW DELHI: The Centre has rejected former finance secretary Subhash Chandra Garg‘s claim that GST growth numbers have been overstated by leaving compensation cess out of the calculation, saying the cess is no longer being collected and therefore cannot be used to compare post-cess GST revenue with last year’s. The Central Board of Indirect Taxes…