The common perception is that individuals earning up to Rs 15 lakh annually cannot completely save on taxes. However, if planned wisely, one can pay zero tax even with a yearly income of Rs 15 lakh. In this article, we look at how to achieve that. Firstly, by utilising the basic exemption limit offered by … Read more
A view of boating activity under the hydel tourism centre at Echo Point near Munnar in Idukki. Idukkiâs hydel tourism centres have come to a stand still following the ongoing strike by Left employee unions in the district. The Hydel Tourism Workers Association under the Centre of Indian Trade Unions (CITU) have gone on strike … Read more
A pioneering study by DBS Bank India, in partnership with CRISIL—to understand how urban Indian women plan, prioritise and manage their money—has found that 98% of salaried and self-employed Indian women actively participate in long-term family decision-making. The first of three reports, titled ‘Women and Finance’, was launched today. Over 800 women were surveyed across … Read more
Hello. I am a 22-year-old unmarried male living in Trivandrum, Kerala. I am from another state, and my mom and dad live there. They have a government job, and they are totally financially independent. I just got a permanent job at ISRO as a Scientist (Central gov.). My current in-hand salary is Rs 75,000 monthly … Read more
The ex-Chief Executive Officer (CEO) of a real estate company has been booked by the cyber crime police after he allegedly threatened to leak company data reportedly over salary dues. A FIR has been filed at the East CEN police station. The accused joined the company as Regional CEO of the Mumbai branch on April … Read more
Sources say University of Madras has a monthly recurring expense of about ₹18.61 crore. | Photo Credit: File photo Amid acute financial constraints and a proposal for grant-in-aid pending with the State government, the University of Madras has diluted the Contributory Pension Scheme Fund and Endowment Fund to disburse salary/pension and meet other obligatory expenses … Read more
The AMMK general secretary T.T.V. Dhinakaran on Saturday condemned the School Education Minister for refusing to pay a month’s salary to 12,000 part time teachers for May. Through his Twitter handle, Mr. Dhinakaran asked the Minister Anbil Mahesh Poyyamozhi why he should refuse to let the payment of the salary after having assured the teachers, … Read more
“Basically there are different models for central government as from their salary 10% is deducted and 14% government contributes in that so that is one model,” says Pankaj Mathpal, MD, Optima Money Managers. Not many people know about the NPS scheme, so please break down NPS for us. See, NPS is not new now, so … Read more
All the four corporations (KSRTC, BMTC, NWKRTC, and KKRTC) have a workforce of 1.07 lakh employees. | Photo Credit: File photo A day after Chief Minister Basavaraj Bommai made an announcement about increasing the basic salary of employees of the road transport corporations (RTCs) by 15%, the State government issued the order on Friday evening. The pay … Read more
A view of people on a road after an earthquake in Antakya in Hatay province, Turkey, February 20, 2023. | Photo Credit: REUTERS New 6.4 magnitude earthquake hits Turkey’s Hatay province A 6.4-magnitude earthquake was recorded on February 20, 2023, in Turkey’s southern province of Hatay, the hardest hit by a February 6 tremor which … Read more