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India will eliminate its 6% digital advertising tax, known colloquially as the “Google tax”, starting April 1, in a strategic move to ease tensions with the United States and prevent potential retaliatory tariffs, Finance Minister Nirmala Sitharaman announced.
US Commerce Secretary Howard Lutnick said that President Donald Trump wants to eliminate taxes for individuals earning less than $150,000 per year. In an interview in a CBS interview, Lutnik shared Trump’s tax objective. “I know what his (Trump’s) goal is… no tax, for anybody who makes less than $150,000 a year. That’s his goal. That’s what I’m working for,” Lutnick said.
Union Labour Minister Mansukh Mandaviya on Thursday said that the employees provident fund organisation (EFPO) will soon launch the “EPFO 3.0 version.” He added that the enhanced version will allow subscribers to withdraw their provident fund directly from ATMs, among other new features.
The Employees’ Provident Fund Organization (EPFO) has recently introduced key updates to the Employees’ Deposit Linked Insurance (EDLI) scheme. These revisions were approved during the 237th meeting of the Central Board of Trustees (CBT), chaired by Union Labor Minister Mansukh Mandaviya. CBT has recommended an 8.25 per cent annual interest rate for EPF subscribers.
The Uttarakhand government has approved a new excise policy for 2025-26 under which all liquor shops located near religious places in the state will be shut down.
Taking a joint home loan is a common practice among individuals looking to purchase a property. This approach not only helps in sharing the financial burden but also offers significant tax benefits under the Income Tax Act. But what if one of the co-borrowers loses job? Can you still claim full tax benefits on a joint home loan? Let us explore how tax benefits can be maximised even in such challenging situations.
The BJP government in Chhattisgarh has declared the recently released Hindi film “Chhaava”, based on the life of Chhatrapati Sambhaji Maharaj, tax-free in the state.
Central Board of Trustees (CBT) – the apex decision making body of the Employees Provident Fund Organisation (EPFO) on Friday kept the interest rate on the retirement savings accumulated by its nearly 300 million members unchanged at 8.25 per cent for the financial year 2024-25 This comes against the backdrop of ebbing stock markets and bond yields in the current financial year.
If you are moving abroad for work, it is important to manage your Employees’ Provident Fund (EPF) account before leaving. Once your employment in India ends, you are no longer eligible to contribute to EPF, making withdrawal an option.
When evaluating retirement savings options under the new tax regime, the National Pension System (NPS) may present more favourable tax benefits compared to the Employees’ Provident Fund (EPF) when opting for the new tax regime.