Budget 2024: India likely to announce social security fund for informal workers

Budget 2024: India likely to announce social security fund for informal workers

Union Budget 2024: India could announce a social security fund for the labourforce in the unorganised sector as well as gig and platform workers in the interim budget to be presented by finance minister Nirmala Sitharaman on February 1. The fund, proposed in the Social Security Code, 2020, would be a step toward universal social … Read more

Interim Budget likely to present a status report on National Pension System

Interim Budget likely to present a status report on National Pension System

New Delhi: The February 1 interim budget is likely to present a status report on the National Pension System (NPS), said people aware of the matter. The group headed by finance secretary TV Somanathan that’s reviewing the scheme is likely to submit its report by the end of this month, they said. The panel has … Read more

Public provident fund, Senior Citizens Savings Scheme to National Pension Scheme: Best tax saving instruments for senior citizens

Public provident fund, Senior Citizens Savings Scheme to National Pension Scheme: Best tax saving instruments for senior citizens

Income Tax 2024 for senior citizens: When talking about investment options for senior citizens, the first thing that comes to your mind is safe investment schemes with zero risks. There are many government-backed schemes that offer decent returns to senior and super-senior citizens. Some of the prominent ones are Senior Citizens Savings Scheme, National Pension … Read more

Income Tax 2024: Old Tax Regime slabs vs New Tax Regime slabs explained for senior citizens

Income Tax 2024: Old Tax Regime slabs vs New Tax Regime slabs explained for senior citizens

Old Tax Regime slabs vs New Tax Regime slabs for senior citizens: Income Tax return filing is a mandatory exercise for all Indian citizens, salaried, non-salaried, senior citizens. According to the Income Tax department, an individual resident who is 60 years or above in age but is less than 80 years at any time during … Read more

Income tax returns 2024: Top 5 points to note while selecting New Tax Regime for FY2024-25

Income tax returns 2024: Top 5 points to note while selecting New Tax Regime for FY2024-25

New Tax regime in ITR 2024: In the Union Budget 2023, Finance Minister Nirmala Sitharaman declared that the new income tax regime will be the default one starting from April 1, 2023. However, the minister said that taxpayers can still avail of the old regime. The new tax regime, which was introduced in the Union … Read more