Responsive & Mobile Design

Subscribers to Employees’ Provident Fund are eligible for Withdrawals and Advances subject to certain conditions relating to service and purpose for availing it. New Composite Claim Form (CCF) has been issued for the same along with relaxation in the document requirements for the withdrawal. Please refer to the form shared below. Withdrawal and Advances are available to the Employees’ for the following Purposes:- Marriage/Education Treatment Purchase or Construction of Dwelling House Repayment of Housing Loan Addition/Alteration of House Repair of…Continue Reading >

Responsive & Mobile Design

Lenovo owned Motorola recently launched the successor to their G Series smartphones, the Moto G5 Plus. The phone is exclusively available on Flipkart and has been priced very competitively at Rs 14,999/- for the base variant and Rs 16,999/- for the premium variant.  Motorola did not do quite well with their Moto M launched few months back but with Moto G5 Plus they are aiming to capture the midrange segment. Within few days of its launch Moto G5 Plus has…Continue Reading >

Responsive & Mobile Design

Retail Inflation Retail Inflation rose to 3.65% in February, 2017 from 3.17% in the previous month. The rise was largely due to the surge in the Food and Crude prices. It was expected that the food inflation will go up with winter season coming to an end while the Crude prices are being impacted by the Global trends. The Food Inflation rose by 2.01% while Crude Inflation witnessed a surge of 3.90% during the same period. In my previous post…Continue Reading >

Responsive & Mobile Design

Mobile World Congress (MWC) 2017 just got concluded in Barcelona, Spain. It is the annual showpiece event where the major players from tech and digital industry gather to showcase their products to the world. Smartphone makers grab major attention during the event as most of the top brands chose this Global summit to announce their new products in the market. This time too the MWC witnessed quite a number of new launches announced by the respective brands which are slated…Continue Reading >

Responsive & Mobile Design

The Employees’ Provident Fund Organization (EPFO) has been introducing changes to simplify the withdrawal process for the Subscribers to the Employees’ Provident Fund (EPF). Recently, the EPFO has introduced a single page Composite Claim Form (CCF) which would ensure hassle free claim processing for the subscribers whose Aadhar Number and Bank details have been seeded with the Universal Account Number (UAN). The EPFO has taken measures to smoothen the claim process, the changes pertaining to the same has been discussed…Continue Reading >

Responsive & Mobile Design

Gratuity Payment Act is expected to be amended soon. In the recently concluded tripartite meeting it has been decided that the Tax Free Gratuity limit to be enhanced to Rs 20 lakhs from Rs 10 lakhs to bring it at par with the Government employees who enjoy similar benefits as per the recommendations of the 7th Pay Commission. Official Notification on the same is expected soon. The recommendation to increase the Tax Free Gratuity to Rs 20 lakhs has been…Continue Reading >

Responsive & Mobile Design

FY stands for Financial Year. The Tax Implications shown above is applicable for Individuals below 60 years of age. In the above illustration, I have used the maximum deduction applicable under each income group to minimize the Tax Liability. Income Tax Slabs & Rates Financial Year 2017-18 (Assessment Year 2018-19) BUDGET 2017-18: Things To Know Income upto Rs 2,50,000/- is exempted from Tax. Tax Rebate U/S 87A of Rs 2,500/- is available to Individuals with Income upto Rs 3,50,000/-. Education…Continue Reading >

Responsive & Mobile Design

Revision in Tax Rates was announced in the Budget 2017 for the next Financial Year. The chart above shows the latest Tax rates applicable for the FY 17-18 (Assessment Year 2018-19). Also refer to the points discussed below, explaining in details about the applicability of Cess and Surcharge on Taxable Income. The exemption limit for Senior Citizens has also been discussed. Please also read about the Tax Liability in the Financial Year 2017-18 in the link provided below. Income Tax…Continue Reading >

Responsive & Mobile Design

The Budget for Financial Year 2017-18 was presented earlier this week by our Hon’able Finance Minister in the parliament. This was the first budget post demonetization drive with a lot of expectation from the various sections of the society. The Government had to balance the budget keeping in mind the interest of the common people as well the need to address issues of reforms and economy growth. Many were quite skeptical about the Budget post the demonetization. The budget did…Continue Reading >

Responsive & Mobile Design

WHOLESALE PRICE INDEX (WPI) Wholesale Price Index (WPI) for the month of December, 2016 rose marginally to 3.39% as compared to 3.15% in the previous month. The rise primarily fuelled by the rising Crude prices in the Global Market. The food inflation fell sharply by (-) 0.7% as compared to 1.54% in the previous month. The softness in the wholesale vegetables and pulses basket is a welcome relief for the economy. In fuel and power segment, inflation rose to 8.65%…Continue Reading >