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.
Several international mutual funds are reopening for Indian investors, with one AMC resuming subscriptions from 24 September and another from 28 September. According to Value Research, Aditya Birla Sun Life Mutual Fund has announced the resumption of fresh subscriptions in three international schemes from 24 September 2026. The limit is capped at ₹1 crore per…
South Korean stocks were hammered on Tuesday as a global sell-off in chipmakers sent technology heavyweights sharply lower, with rising competition from China and a steep fall in SK Hynix‘s US-listed shares weighing heavily on investor sentiment. The benchmark Kospi plunged 551 points, or 8.1%, to 6,2505. The steep decline triggered “sidecar” trading curbs on…
Apple’s iPhone 18 Pro and iPhone 18 Pro Max are now available to customers in India through both its retail stores and online platforms. The Cupertino-based tech giant also surprised users by unveiling its first foldable iPhone, for which pre-orders and sales will begin in October. This latest lineup comes with a significant price difference…
UPI users can use certain pre-sanctioned credit lines as a source of funds, allowing eligible customers to make payments through UPI using borrowed money instead of the balance in their bank account. However, this is not an entirely new facility. RuPay credit cards can already be linked to UPI for eligible merchant payments, while credit-linked…
Profits from intraday trading and futures & options (F&O) trading are taxed differently from regular equity transactions in India. Under the income tax law, intraday trading is deemed speculative business income, while F&O gains are classified as non-speculative business income. This classification has important implications for taxpayers as it impacts the applicable ITR form, filing…
UPI users have little reason to panic over viral claims that everyday digital payments will soon become chargeable. A recent amendment to the Payment and Settlement Systems Act (PSS Act) has triggered debate, with some social media posts suggesting that users could soon have to pay for sending money through UPI. In a post on…