Kuldip Kumar News Today

Almost 18 months after the Supreme Court ruling, subscribers who opted for a higher pension under the Employees' Pension Scheme continue to wait as the EPFO, facing a staff crunch, tries to figure out the math - Issue Date: May 26, 2024

HCs call will likely face resistance from the govt and the PF body because already a large number of expats have either contributed to or are currently enrolled in the social security program.

India Business News: New Delhi: Fifteen years after the law was amended to include international workers within the ambit of employees' provident fund and pension scheme, .

India Business News: Individuals whose PAN became inoperative due to non-linkage faced higher tax deduction at source (TDS) or tax collection at source rates. For example,

India Business News: NEW DELHI: In a relief for those dealing with taxpayers who have not linked their PAN and Aadhaar, the income tax department has relaxed the deadline .

India Business News: NEW DELHI: If you are one of those whose permanent account number (PAN) has been misused by someone to claim fake house rent allowance (HRA), you may .

Financial Literacy News: Employees opting for the old tax regime should be aware of the various exemptions and deductions that they can claim to reduce their tax. Leave Travel Allowance (LTA) is one such benefit. If it's included in their salary or cost-to-company (CTC), employees can claim it.

With the start of the new financial year, companies are reaching out to their employees to select the tax regime for 2024-25. This is an important decision because you can do it only once in a financial year. Once you make a choice, your income will be taxed as per the tax structure of that regime

HRA tax fraud: The investigation began when authorities stumbled upon purported rent receipts totaling approximately Rs 1 crore under an individuals PAN. However, upon questioning, the individual disavowed any knowledge of these transactions. Subsequent inquiry revealed that the individual had not actually received the rent attributed to them.

Financial Literacy News: Salaried individuals typically need to give proof of their expenses and investments to get tax deductions under the Income-tax Act. One common tax exemption available to salaried individuals is the Leave Travel Allowance or LTA. Leave Travel Allowance (LTA), often included in your salary, pays for your vacation travel expenses. It also covers travel costs for family members such as spouses, children (up to two if born on or after October 1, 1998), dependent parents, and ...