In the latest income tax bill, a significant change has been made regarding deductions under section 80C of the Income-Tax ...

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 ...

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 ...

The reduction of EPF contribution rates for foreign workers from 12% to 2% raises serious concerns about their financial security and social protection, says a labour rights activist. Tenaganita ...

KUALA LUMPUR: Reducing the Employees Provident Fund (EPF) contribution rate for foreign workers from the proposed 12% to 2% has implications for the financial security and social protection of ...

Here’s a breakdown. Annual Income (CTC): 14,65,000 Basic Salary (50 per cent of CTC): 7,32,500 NPS Employer Contribution (14 per cent of Basic): 1,02,550 EPF Employer Contribution (12 per cent ...

Tenaganita has proposed that the government implement a tiered Employees Provident Fund (EPF) contribution rate for migrant workers. Its executive director Glorene A Das argued that this would ...

The Union Budget 2025, presented in the Parliament Session on February 1, 2025, introduced major reforms in exemptions and deductions under the new tax regime for the Financial Year (FY) 2025-26 and ...

PETALING JAYA: Delay the implementation of the Employees Provident Fund (EPF) contribution scheme for foreign workers, business players said, citing concerns about the financial burden it would ...

Communications Minister Fahmi Fadzil today held a meeting with about 30 representatives of media organisations to discuss the welfare of media personnel. In a closed-door discussion that lasted over ...

Deductions from government salaries to secure deferred annuities for spouses or children (up to 20 per cent of salary). Contributions toward an annuity plan offered by LIC or other government-approved ...