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Expect Bumper increment, employees to receive a better raise this year!

Expect Bumper increment, employees to receive a better raise this year!
dnaindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dnaindia.com Daily Mail and Mail on Sunday newspapers.

Deloitte Touche Tohmatsu India , Salaried Class , Life Science , சம்பளம் வர்க்கம் , வாழ்க்கை அறிவியல் ,

An ambiguous levy: The Hindu Editorial on tax on PF incomes

The proposed tax on PF incomes has its logic, but operational details need a revisit
Finance Minister Nirmala Sitharaman has stressed that Budget 2021-22 raises resources to push the economy without increased taxation. However, one change to the income tax law proposed in the Finance Bill, 2021, has triggered anxieties for the salaried class: withdrawing tax exemption on interest income accrued into Provident Fund accounts arising out of employee contributions exceeding ₹2.5 lakh ‘in a previous year in that fund,’ on or after April 1, 2021. The rationale some employees are contributing huge amounts into their PF accounts and getting tax-free incomes. Subsequently, the Revenue Department has pointed out the tax will only affect a small group of ‘high net-worth individuals’ (HNIs); the 100 largest employees’ PF (EPF) accounts had a combined balance of over ₹2,000 crore. It can be no one’s case that a social security scheme for formal sector workers should beco ....

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An ambiguous levy - The Hindu

The proposed tax on PF incomes has its logic, but operational details need a revisit ....

Nirmala Sitharaman , National Pension System , Revenue Department , Provident Fund , Finance Minister Nirmala Sitharaman , Finance Bill , An Ambiguous Levy , Proposed Tax On Pf Incomes , Operational Details , Budget 2021 22 , Increased Taxation , Change To The Income Tax Law , Salaried Class , Interest Income Accrued Into Provident Fund Accounts , Employee Contributions , High Net Worth Individuals , Social Security Scheme For Formal Sector Workers , Corporate Top Brass , Superannuation Funds , Government Employees Contributions , Nps Investments , Limited Retirement Savings Instruments , Annual Tax Returns , தேசிய ஓய்வூதியம் அமைப்பு , வருவாய் துறை , வருங்கால நிதி ,

Taxing interest on PF contributions— Soaking the salaried middle class

Is the government playing ‘Robin hood’ by taxing interest earned on employees’ contribution to provident fund?One may tend to think so given that the axe of the Budget proposal to tax interest on cont ....

Lakshman Rekha , Employee Provident Fund , Revenue Department , Finance Minister , Finance Bill , Budget 2021 22 , Ppf Contributions , Salaried Class , லக்ஷ்மன் ரேகா , ஊழியர் வருங்கால நிதி , வருவாய் துறை , நிதி அமைச்சர் , நிதி ர சி து , சம்பளம் வர்க்கம் ,

New, Contracted Reality From A Flatcar | Outlook India Magazine

outlookindia.com
2021-01-28T11:25:29+05:30
IT doesn’t bear reiteration for most of us, but a new survey report puts in print the obvious: the employment scene in India is worse than two years back, particularly for the salaried class. Still, the findings are unexpected, given the optimism that the lifting of the lockdown would push things towards normality, as economic activities pick up and jobs are created. It really hasn’t worked out the way it was envisaged, as work from home (WFH) seems to remain in vogue globally, leading to a shift towards flexi or contract jobs.
“The employment scene is quite bad. We did see some improvement in September, when it rose to 398 million. But there has been a steady deterioration, though not worrying, in the last three months, with the number of salaried jobs falling to 389 million in December, which is lower than two years back, when it was 398 million,” says Mahesh Vyas, MD and CEO of Centre for Monitoring Indian ....

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