Centre Announces Welfare Measures For LIC Agents, Employees
The ministry decided to enhance the gratuity limit from Rs 3 lakh to Rs 5 lakh for LIC agents. New Delhi: The Ministry of Finance on Monday approved a series…
Why Credit Card Spends Overseas Won’t Be Taxed At Source
The finance ministry issued a clarification on the matter through a series of tweets. (Representational) New Delhi: While credit card spends overseas will not attract tax collected at source now…
Ministry’s Clarification On Tax On Overseas Spending Through Credit Cards
New Delhi: The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards. Facing…
Finance Ministry Sets Up Panel To Review Pension System For Government Employees
NPS has been implemented for all central government employees joining on or after January 1, 2004. Finance Ministry on Thursday set up a committee under Finance Secretary T V Somanathan…
Relief For Individuals With Income Marginally Over Rs 7 Lakh
The Finance Bill 2023 has proposed a marginal relief to taxpayers under new tax regime. (File) New Delhi: In a relief to taxpayers opting for new tax regime, individuals earning…
LIC, State Bank Exposure Tiny, Finance Secretary Tells NDTV
LIC has invested more than $4 billion in the Adani Group. New Delhi: The risk to the state-run Life Insurance Corporation of India (LIC) and State Bank of India from…
Union Budget To Be Delivered In Paperless Form, Says Ministry
Union Finance Minister Nirmala Sitharaman will present the budget on February 1. New Delhi: The Ministry of Finance on Wednesday said the Union Budget 2023-24 will be delivered in paperless…