In today’s global economy, high-income earners often compare tax structures across different countries to understand the real value of their earnings. This article presents an informational comparison of how a ₹10 crore salary is affected by marginal tax rates in several countries, with a focus on the United States, India, the United Arab Emirates (UAE) …
The central bank, the Reserve Bank of India (RBI) has announced the schedule for the premature redemption of Sovereign Gold Bonds (SGBs) for the period from April 2025 to September 2025. Investors who have held their SGBs for at least 5 years from the issue date are eligible to redeem them before maturity. Premature Redemption …
Newly appointed Delhi Chief Minister Rekha Gupta reaffirmed her commitment to implementing the Mahila Samriddhi Yojana, which promises ₹2,500 per month to eligible women in the capital, as per news reports. Speaking at a press conference on February 23, Delhi Chief Minister Rekha Gupta addressed concerns over the scheme’s execution amid financial constraints. She acknowledged …
Angel One Asset Management Company has introduced its first-ever new fund offer (NFO) with the Angel One Nifty Total Market Index Fund, currently open for subscription until February 21, 2025. This open-ended scheme aims to replicate and track the Nifty Total Market Index, allowing investors to participate in India’s growth story without the complexities of …
Mahila Samriddhi Yojana is a financial assistance initiative designed to empower women in Delhi by supporting their economic well-being. In the lead-up to her oath-taking ceremony last week, Chief Minister-designate Rekha Gupta announced that eligible women in Delhi will receive ₹2,500 under the scheme by March 8. The scheme is expected to benefit a large …
Rekha Gupta, Delhi’s 4th female Chief Minister, assumed office as the 9th CM of the national capital on Thursday. With the new government in power, attention has turned to ₹2,500 per month of financial aid to women in Delhi. Objective of Mahila Samriddhi Yojana The main objective of the ₹2500 Mahila Samriddhi Yojana is to …
The government is taking steps to modernise the services of the Employees’ Provident Fund Organisation (EPFO) to enhance user experience. Meanwhile, the EPFO’s Central Board of Trustees (CBT) will meet on February 28 to decide the interest rate on EPF deposits for the financial year 2024-25. EPFO Interest Rate Decision The CBT, led by the …
Private sector employees under the Employees’ Provident Fund Organisation (EPFO) have long sought an increase in their minimum pension, which has remained at ₹1,000 per month since 2014. Under the current system, EPF members contribute 12% of their basic salary towards the provident fund, with employers matching this contribution. Of the employer’s share, 8.33% is …
The wait for the 19th installment of the PM Kisan Samman Nidhi (PM-KISAN) Yojana is finally over, as Prime Minister Narendra Modi is set to transfer the funds directly into farmers’ accounts with a single click on February 24, 2025, during his visit to Bihar. More than 9.8 crore farmers, including 2.41 crore female farmers, …
The financial year 2025-26 brings double good news for salaried individuals. Finance Minister Nirmala Sitharaman has announced generous income tax cuts, boosting disposable income for many taxpayers. Additionally, annual increments and performance bonuses typically disbursed around this time further contribute to higher earnings. For home loan borrowers, this extra cash presents a valuable opportunity to …
