You can have it along with employer and employee contribution to EPF, if you are comfortable with reducing your in-hand salary. While NPS is optional, EPF is mandatory in most cases," said Abe ...
What if you earn more than Rs 12.75 lakh? Should you pick the new tax regime for lower rates or stick to the old one for deductions?
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How to pay lower tax under old tax regime? This much deduction can help you save more income tax than new tax regimeEquilisation table In the above table it is assumed that ... in eligible instruments taxpayers can claim up to Rs 1.5 lakh as tax deduction under section 80C. Your investment into EPF, PPF, SCSS, NPS, ...
There is, however, one way out. Employees who leave their job and stay out of formal employment for at least 60 days—ensuring no EPF contribution for two months—can withdraw their accumulated ...
“This highlights the structural issue of low starting salaries among those beginning to enter the job market as they cannot achieve the basic EPF contribution for retirement,” it sai ...
The government has proposed to implement a mandatory 2% Employees Provident Fund contribution rate on foreign workers, Prime Minister Anwar Ibrahim said today. He said the rate was lower than the ...
The recently introduced Income Tax Bill (ITB), presented in parliament on February 13 by Finance Minister Nirmala Sitharaman, focuses primarily on consolidating dispersed tax provisions ...
including EPF contribution. In a statement on Friday, the retirement fund said e-Payroll provides a secure and seamless experience for employers, emphasising on automated calculations of statutory ...
Learn how you can pay 0 tax on an income of Rs 14.65 lakhs per year with the help of NPS & EPF. Find all the details inside.
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