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Most mutual fund portfolios tend to overlap, with large-cap names such as HDFC Bank, Reliance Industries and ICICI Bank appearing across dozens of equity schemes. However, some fund managers also invest in stocks that are not owned by any other mutual fund scheme. According to Value Research, there are 13 stocks held exclusively by just…
The Employees’ Provident Fund Organisation (EPFO) has moved its entire member database to a centralised platform under the Centralised IT Enabled Services (CITES) project, Union Labour and Employment Minister Mansukh Mandaviya said on Wednesday. The move is aimed at making EPFO services faster, transparent and user-friendly. According to Mandaviya, the CITES project modernises EPFO’s service…
The Ministry of Labour and Employment notified the Employees’ Pension Scheme (EPS) 2026 on 29 June. This new scheme has replaced the EPS-1995 and 1971 Family Pension Scheme under the Code of Social Security, 2020. For about 6 crore EPFO subscribers, it is natural to wonder whether their retirement planning needs a fresh impetus and…
Should you invest 20% of your salary in mutual funds? Or is 30% the ideal number? It’s a question many first-time investors ask while setting up their first systematic investment plan (SIP). The internet is full of rules of thumb and opinions, that says you should invest a fixed share of every pay cheque. But…
Tenants who continue occupying a property after their lease expires may have to pay higher rent if their lease agreement contains an automatic rent escalation cause, the Delhi High Court has ruled. The court clarified that merely seeking additional time to vacate does not entitle a tenant to continue paying the old rent, Business Standard…
EPFO is crediting FY26 provident fund interest, and members can check the updated amounts online by July 15. Labour Minister Mansukh Mandaviya said on Wednesday, “Annual interest for FY26 at the rate of 8.25 per cent to 34 crore member accounts, estimated at over ₹1.44 lakh crore, will be auto-processed and then verified by Field…
The tax changes announced in Budget 2025 have strengthened the case for the new tax regime, with lower slab rates and a higher standard deduction reducing the tax burden for many salaried individuals. However, for those earning ₹30 lakh a year, the choice between the two regimes isn’t always straightforward. At this income level, the…
However, clubbing does not apply in every situation. Income earned by a minor child on account of manual work or through application of the child’s own skill, talent, specialized knowledge, or experience is excluded from clubbing. These exceptions are often overlooked, leading either to excessive clubbing or incorrect reporting.
The Employees’ Provident Fund Organisation (EPFO) has notified users that claim processing may take longer than usual following the completion of a major database consolidation and software upgrade. The migration, which began on June 26, is aimed at improving processing efficiency, enhancing service delivery and strengthening the reliability and security of the retirement fund body’s…
During the RNOR window, your Indian income is taxed exactly as it would be for any resident. Any income earned in India is taxable and must be declared in the ITR