For example, an employee earning wages of ₹20,000 per month who previously attracted mandatory contributions only on ₹15,000 (i.e., ₹1,800 per month) will now attract contributions on the higher wage amount (i.e., 12% of ₹20,000 = ₹2,400).
De-dollarisation refers to efforts by countries to reduce their dependence on the US dollar in international trade, finance, and foreign exchange reserves. The topic has gained renewed attention as BRICS nations and several emerging economies explore the use of local currencies and alternative payment systems for cross-border transactions. For decades, the US dollar has dominated…
The capital gains tax regime introduced after the Union Budget 2024 has brought a more uniform tax structure for several asset classes, with long-term capital gains (LTCG) generally taxed at 12.5%, while short-term capital gains (STCG) continue to vary depending on the type of investment and whether securities transaction tax (STT) applies. For equity mutual…
A family court in Gurgaon has directed a husband to pay ₹2 lakh a month as maintenance to his estranged wife, rejecting his argument that a fifty per cent decline in his income and ₹1.7 crore home loan liabilities had reduced his ability to make alimony payments. The husband’s income tax returns showed that his…
I am a 30-year-old woman, and I have recently inherited a considerable sum from my grandfather. He was a passionate supporter of education-related causes, and in his will, he urged me to set up a non-governmental organisation in his name and memory using some of the funds he left me. I want to create this…
JioBlackRock Mutual Fund has filed a draft document with Sebi for an income plus arbitrage omni FoF, an open-ended fund of funds scheme investing in units of active/passive debt-oriented funds and arbitrage funds. According to the draft document filed with Sebi, the investment objective of JioBlackRock Income Plus Arbitrage Omni FOF will be to generate…
Many EPF-related services, such as checking provident fund balance, filing claims, and updating account details, require you to log in to your account using your Universal Account Number (UAN). But if you have forgotten your UAN, then accessing these services can become difficult. The Employees’ Provident Fund Organisation (EPFO) allows its members to retrieve their…