The FinTech Hub
Source: Live Mint KEC International Ltd appears well-positioned to meet its FY25 order inflow guidance of around ₹25,000 crore. Last week, the company secured three big orders totalling nearly ₹4,000 crore, bringing its FY25 order intake to ₹17,500 crore so far. Additionally, its lowest bidder (L1) portfolio stands at ₹8,400 crore, further supporting its order…
Source: Live Mint It’s essential to understand the distinction between EPS and the Employee Provident Fund (EPF). An employer typically deducts 12% of your basic salary plus dearness allowance, if any, from your monthly salary to contribute to the EPF account. This salary may also include any retaining allowance and the cash value of food…
Source: Live Mint The Employees Provident Fund Organisation’s Central Board of Trustees is set to meet today, November 30, to decide on various proposals, according to a Business Today report citing sources. Chaired by Union Labour and Employment Minister Mansukh Mandaviya, the CBT is the EPFO’s apex decision-making body. The proposals under discussion include the…
Source: Live Mint Brokerage house Motilal Oswal Private Wealth (MOPW) recently addressed the emerging risks in the Indian equity market, driven by global geopolitical tensions and the high valuations of domestic stocks. Rising crude oil prices, bond yields, and inflation concerns have intensified market volatility. Despite these challenges, MOPW believes that sustained domestic inflows and…
Source: Live Mint In this world nothing can be said to be certain except for death & taxes. – Benjamin Franklin. Effective tax planning allows salaried employees to optimise their post-tax earnings. A crucial aspect of tax planning for middle class salaried employees is leveraging deductions and exemptions within legal guidelines, defer taxes and take…
Source: Live Mint “This tax is as high as 35%, the same as what people earning above ₹1 crore pay,” said Harsh Roongta, founder of Fee Only Investment Advisers. How so? That’s because of compulsory contributions to state insurance schemes and pension funds that are “akin to a tax” because of the difficulty in accessing…
Source: Live Mint The central government on Wednesday, September 4, approved a proposal for a Centralised Pension Payment System (CPPS) for the Employees Pension Scheme (EPS), 1995. The move is expected to benefit more than 78 lakh people. The Centralised Pension Payment System will be an important shift by establishing a national-level centralised system that…
