NPS gratuity rules explained: Govt says NPS subscribers won't be entitled to separate gratuity under these conditionsThe Department of Pension and Pensioners' Welfare has issued new guidelines on gratuity for government employees re-employed in civil servi...
27 Dec, 2025, 04.40 PM IST
New Labour Code expands “family” definition: Know who in your family are now eligible for statutory benefitsIndia's Code on Social Security, 2020 has expanded the purview of who qualifies as a "family" under labour laws, extending coverage. This s...
10 Dec, 2025, 05.16 PM IST
EPF rules: New Labour Code vs old PF law creates payroll & tax confusion for employersA visible exception in the latest reform story is that the Employees’ Provident Funds and Miscellaneous Provisions Act (EPF Act), 1952—Indi...
08 Dec, 2025, 03.57 PM IST
New Labour Law 2025 gratuity calculator: Here's how gratuity on CTC of Rs 6 lakh, Rs 12 lakh and Rs 24 lakh will changeStarting November 21, 2025, gratuity calculations are changing. Fixed-term employees can now receive gratuity after one year. Wages will in...
28 Nov, 2025, 06.53 PM IST
Resigned or fired? Employees will now get full and final settlement money in just 2 days under new labour lawEmployees will now receive their full and final settlement within two working days. This new labor code standardizes the process for all se...
26 Nov, 2025, 08.20 PM IST
Retired govt employee claims Rs 20 lakh gratuity tax exemption; I-T Dept imposes Rs 2.2 lakh penalty; ITAT Cochin rules in her favourA retired state employee successfully challenged a Rs 2.2 lakh penalty imposed for claiming a higher gratuity tax exemption. The Income Tax...
31 Oct, 2025, 07.59 AM IST
Government deducted gratuity and pension of a retired engineer for not vacating govt residence on time, he fights back and wins case in Supreme CourtSupreme Court said: "Pension and other retiral dues are benefits that have been earned by an employee due to the service rendered to the in...
08 Oct, 2025, 12.28 PM IST
Who needs to file income tax audit report for AY 2025-26?For AY 2025-26, businesses exceeding turnover limits and certain professionals must file tax audit reports by September 30, 2025, potential...
25 Sep, 2025, 04.33 PM IST
Employees entitled to assured payout on pro rata basis on VRS after 20 yrs service or more: GovtCentral government employees who have completed 20 years of service can now opt for voluntary retirement and receive an assured payout on a...
16 Sep, 2025, 04.06 PM IST
New Income Tax Bill gets Lok Sabha nodThe Lok Sabha approved the new income tax bill, eliminating alternate minimum tax on LLPs and allowing refund claims even without timely re...
11 Aug, 2025, 11.43 PM IST
No more partial treatment to pensioners when it comes to commutation of pension in the New Income Tax Bill, 2025Good news arrives for pensioners. The Lok Sabha Select Committee proposes fair tax treatment in the Direct Tax Bill, 2025. The bill address...
07 Aug, 2025, 01.17 PM IST
Parliamentary panel proposal on dividend in I-T Bill may bring relief to India IncA parliamentary panel suggests reinstating a key deduction in the Income Tax Bill 2025. This move offers relief to India Inc by preventing ...
17 Jul, 2025, 08.27 AM IST
Provident Fund, gratuity, leave encashment, pension commutation and all income tax benefits for retired employees released in a brochure by income tax deptThe Income Tax Department has come out with a brochure outlining tax benefits for retired employees in both the public and private sectors,...
26 May, 2025, 06.28 PM IST
Pension rule triggers disquiet among retireesDisquiet is prevalent among central government retirees over a provision in the Finance Act 2025, raising concerns about pension parity bef...
31 Mar, 2025, 11.16 PM IST
New Income Tax Bill 2025 vs current Income Tax Act 1961: What is really new?New Income Tax Bill vs current Income Tax Act: The new Income Tax Bill will replace the Income Tax Act. However, not many people are able t...
13 Feb, 2025, 03.04 PM IST
Bank unions give 2-day strike call beginning March 24; to press for demands including 5-day work weekBank unions announced a nationwide strike on March 24-25, 2025, pressing for demands including a 5-day work week and adequate recruitment. ...
07 Feb, 2025, 03.58 PM IST
I will receive gratuity of Rs 3 lakh; is this gratuity amount taxable?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
27 Sep, 2024, 01.05 PM IST