Pune-based Kavitha Kumar pays a low tax because her salary structure is tax friendly. Even so, there is scope to bring this down further. Taxspanner estimates that Kumar can reduce her tax to zero if she opts for the NPS benefit offered by her company, invests in the scheme on her own as well, and…
Mutual fund investment: SIP (systematic investment plan) are under scanner these days as Indian stock market has been rising continuously for the last four months. This is beause like Indian stock market, mutual funds SIP contribution in India touched record high in May 2023. However, a dark side in the Indian mutual fund industry, which…
On Sunday, WhatsApp, an instant messaging platform, announced that it had taken action against over 6.5 million problematic accounts in India during the month of May. According to a report by Zee News, this action was in accordance with the new IT Rules 2021. Out of the total banned accounts, 2.42 million were proactively banned…
India’s bad loans may be at a decadal low, but nearly 10% of retail borrowers are missing monthly payments, the Reserve Bank of India has flagged in its latest financial stability report. These borrowers manage to keep their accounts from slipping into non-performing assets (NPAs) with some payments before the 90-day deadline. Moreover, an inflation…
Indian Army 2023 Jobs Recruitment Notification. Indian Army inviting applications for the positions of JAG Entry Scheme 32nd Course (Men and Women). Interested and Eligible candidates can apply for the positions. Last Date for Submission of Application is on 21st July, 2023. No.of Posts and Vacancies :-JAG Entry Scheme 32nd Course (Men and Women) –…
India’s income tax law provides several tax benefits for senior citizens. A resident Indian who is 60 years of age or older is considered a senior citizen. Only residents of the country can avail of these special benefits. For these citizens, there are income tax benefits available under payment of advance tax, standard deduction, deductions…
With over three decades of experience, LIC Mutual Fund, focuses on ethical principles and good corporate governance. They aim to penetrate tier 2, 3, and 4 cities and educate investors about the importance of mutual funds. Despite recent headwinds, they believe the Indian equity market has support on the downside and upside potential depends on…
Public Provident Fund (PPF) interest rate: The interest rates of small savings schemes are due for revision today, 30 June 2023. People are wondering whether the govt will hike the interest rate of the Public Provident Fund (PPF) in the July-September quarter as PPF interest rates have remained unchanged since April 2020. At present your…
Linda Yaccarino, the new CEO of Twitter, is implementing a range of strategies to attract back advertisers who abandoned the platform during Elon Musk’s tenure, reported Financial Times (FT). These measures include the introduction of a video advertising service, actively pursuing additional celebrities to join the platform, and expanding the company’s workforce. According to the…
In recent days, Byju’s has been in the headlines for all the wrong reasons. the Bengaluru-based ed-tech startup faced flak for firing people in large numbers, and not paying its employees the provident fund for months. As per media reports, Byju’s has cleared 97% ( ₹123.1 crore) of dues after the EPFO probe into delayed…