india

EPFO to disburse restored pension from This month

NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) will start giving out full pensions from May to those who opted for commutation at the time of retirement. Commutation is an option given to pensioners to convert a part of their monthly pension into an upfront lumpsum payment at the time of retirement. The full pension is restored after some time, …

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Eight core industries’ output contracts 6.5% in March

NEW DELHI: The output of eight core infrastructure industries shrank by 6.5 per cent in March due to fall in production of crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity amid the coronavirus lockdown. The eight core sectors had expanded by 5.8 per cent in March 2019. Production of crude oil, natural …

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Gratuity Payable On Resignation From Employment After 5 Years Of Continuous Service: supreme court

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Six income tax slabs in, 70 exemptions out: Impact on taxpayers

The Budget 2020 has made the tax structure more complicated by adding three tax slabs. The removal of tax exemptions and deductions certainly makes compliance less tedious, but avid tax planners who maximised their tax deductions will probably pay more tax under the new tax regime. The budget has tried to put more money in …

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