October 29, 2020

Income Tax Benefits for Senior Citizen in India

According to the rules of the Income Tax Department, it is mandatory for every employer or business person whose annual income is more than tax free income to pay income tax every year. However, the department has given some concessions for senior citizens and very senior citizens for filing income tax. People between the ages […]

Important Rules for Public Provident Fund (PPF)

PPF is a long-term saving cum investment instrument. This scheme was started by The National Savings Institute of the Ministry of Finance in 1968 to encourage saving and provide returns on it to subscribers of the scheme.¬†Despite a number of saving schemes available in the market, the Public Provident Fund (PPF) continues to remain a […]

Latest change in the rules of the National Pension System

NPS i.e. National Pension System is a popular option for saving in the country today. The scheme, launched on May 1, 2009, has also been launched for employees working in the private sector, i.e. the unorganized sector. Taking advantage of this, a total of two crore subscribers have joined the scheme. In fact, this is […]

Latest Changes in the rules of National Pension Scheme

NPS i.e. National Pension System is a popular savings option in the country today. This rule was introduced for employees working in the private sector. This pension saving scheme provides financial facility to the person in future and also gives a monthly pension of Rs. 60,000 with the help of NPS. The government has changed […]

Important provisions of the Contract Labour Act, 1971

Important provisions of the Contract Labour Act, 1971 THE CONTRACT LABOUR (REGULATION AND ABOLITION) ACT, 1970 :¬† This legislation regulates the employment of contract laborers in establishments and by contractors. The Rules for implementing the provisions of the Act vary from state to state.¬† An establishment which engages 20 or more persons or engaged on […]

Indian Navy Recruitment Notification, Great opportunity for 10+2 passed youth to join Indian Navy

The Indian Navy has filled vacancies under the 10 + 2 (B.Tec) cadet entry skill. Candidates who have passed 12th standard can apply for this post. Applications for the current position can also be invited online. Details of the notification are as under;   Position Name – 10 + 2 (B.Tec) Cadet Entry Skill (Course […]

Labour Reform Bills: Good news for employees, the government is going to give these benefits through Labour reforms

Labour Reform Bills: Good news for employees, the government is going to give these benefits through Labour reforms   The Parliament has approved three important bills related to Labour Reforms on last Wednesday. All three bills provide facilities for those employed in the unorganized sector. The Employees State Insurance Corporation (ESIC) has tried to give […]

International Report on Employment: In the Corona era, 500 million jobs were lost in the world & observed 11% reduction in global working hours.

International Report on Employment: In the Corona era, 500 million jobs were lost in the world & observed 11% reduction in global working hours. According to the International Labor Organization, 500 million people worldwide have lost their jobs due to the Corona crisis. In India alone, 20 million people have become unemployed. The Corona epidemic […]

Labour Reform Bills: Contract workers will also get benefit of gratuity, special arrangements made in the new Labor Code for period eligible for getting gratuity

Contract workers will also get benefit of gratuity, special arrangements made in the new Labor Code for period eligible for getting gratuity Many changes to the new Labor Code have brought relief to those working in the organized sector. The 5-years period has been set by a new way for getting gratuity. Now, an employee […]

Last date for filing of belated or revised ITRs for AY 2019-20 (FY 2018-19) is 30th September 2020. File now.

The Income Tax Department has tweeted through its Twitter handle that the deadline for filing income tax returns for the financial year 2018-19 is approaching. That’s why taxpayers should file returns as soon as possible. Let me inform you that earlier for the financial year 2018-19, the Income-tax department has extended the last date for […]