The EPFO (Employees’ Provident Fund Organisation) has extended the deadline for activating the Universal Account Number (UAN) and linking bank accounts with Aadhaar to February 15, 2025. This extension allows employees more time to fulfil the mandatory requirements for availing benefits under the Employment Linked Incentive (ELI) Scheme. The announcement was made by the Ministry …
The 2025 Budget has revised the income tax structure, increasing the exemption threshold to ₹12 lakh. For salaried individuals, this rises to ₹12.75 lakh with the standard deduction of ₹75,000. These adjustments alter tax liabilities compared to the 2024 framework, making the new regime more advantageous for certain income brackets. Comparing the New and Old …
With the rise of online shopping, fraudulent delivery scams have become increasingly common. A new scam involving fake calls from individuals posing as Blue Dart executives has emerged, tricking unsuspecting people into compromising their financial and personal security. Understanding how this scam operates and taking preventive measures is essential to avoid falling victim to such …
The Union government has decided to discontinue the Sovereign Gold Bond (SGB) scheme due to the high costs associated with borrowing. Finance Minister Nirmala Sitharaman confirmed this decision at a press briefing following the Union Budget announcement on February 1. Launched in 2015 as part of the Gold Monetisation scheme to reduce gold imports, the …
Fixed deposits (FDs) remain a popular investment option in India, especially for those seeking safe and high-yield returns. As of February 5, 2025, more than 20 banks are offering FD interest rates of 8% or higher as per reports. Read More About What is Fixed Deposit (FD)? Top Banks Offering the Best FD Rates Small …
Central government employees and pensioners had high hopes that Finance Minister Nirmala Sitharaman would announce the roadmap for the 8th Pay Commission in her Union Budget 2025 speech. However, the budget did not mention the new pay commission or allocate funds for its implementation, pushing expectations to the next financial year. Formation of the 8th …
The Union Budget 2025 has brought forward several transformative measures to boost the growth and access to credit for Micro, Small, and Medium Enterprises (MSMEs) in India. One major initiative is the doubling of the credit guarantee limit for MSMEs from ₹5 crore to ₹10 crore. Additionally, the Finance Minister raised the turnover and investment …
In her Budget speech, Finance Minister Nirmala Sitharaman announced that individuals earning up to ₹12 lakh annually are now exempt from income tax. However, for salaried taxpayers, the threshold is slightly higher at ₹12.75 lakh due to a standard deduction of ₹75,000. Additionally, by making use of the National Pension System (NPS), salaried individuals can …
Finance Minister Nirmala Sitharaman, in the Union Budget 2025, announced reductions in customs duties on several imported goods, making them more affordable for Indian consumers. The changes will lower the prices of luxury items, household essentials, and even green energy products. However, some electronic goods will see higher duties. Luxury Jewelry Gets Cheaper Buying imported …
The EPFO (Employees’ Provident Fund Organisation) has asked 165,000 eligible members to pay additional contributions to qualify for a higher pension. This update was shared in Parliament by Minister of State for Labour & Employment, Shobha Karandlaje. Higher Pension Applications and Processing A total of 17.48 lakh applications were submitted by EPFO members and pensioners …
