Minimum employee contribution will remain at 10% as govt's contribution to National Pension Scheme (NPS) will increase to 14% of basic salary.Presently, the government and employees contribute 10 per cent of basic salary each to NPS. The Cabinet also allowed govt employees to commute 60% of the fund accumulated at the time of retirement, up from 40%.
RBI to examine merger proposal of Indiabulls and LVBThe Reserve Bank on Saturday said it will examine the merger proposal of Lakshmi Vilas Bank and Indiabulls Housing Finance Ltd. The statement comes am… Read MoreWill revise I-T slabs, says BJP's 'sankalp patra'"We are committed to further revise the tax slabs and the tax benefits to ensure more cash and greater purchasing power in the hands of our middle inc… Read MoreNew ITR forms to seek more info: Key points
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via IFTTT… Read MoreBring ATF under GST to provide level playing field to airlines: Prabhu
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via IFTTT… Read MoreIndia's GDP to grow at 7.5% in FY20: World BankIndia's GDP growth is expected to accelerate moderately to 7.5 per cent in fiscal year 19-20, driven by continued investment strengthening, particular… Read More
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