Taxpayers are facing a tight deadline in that only three days are remaining until 15th September, the last day for filing of Income Tax Returns (ITRs). Already users were reporting glitches in the e-filing portal, especially when it came to downloading the Annual Information Statements (AIS), Form 26AS, and Taxpayer Information Summary (TIS). There have … Read more
DA for central government employees and pensioners and pensioners will be raised by 3% DA, media news reports state. The announcement had been slated to land in the festival season so that those who had elderly hardships depending on the DA before its update under the 7th Pay Commission would stand financially supported. Rise In … Read more
Public Provident Fund (PPF) remains highly favored as a long-term saving scheme in India that guarantees a stipulated rate of return, provides certain tax benefits, and ensures complete safety for the investors. Being backed by the Government of India, PPF is considered the best investment option for those looking for a safe and tax-efficient way … Read more
Over the years, SIPs, or Systematic Investment Plans, have become favorites among the Indian investor community contemplating a disciplined kind of investment for a goal-based purpose. If wealth is to be built through the medium-term wall of three years, then the mutual fund chosen would have to be most suited for that nature of investment. … Read more
SBI Mutual Fund, one of India’s trusted name in asset management, extends its services to millions of investors from equity, debt, and hybrid portfolio categories. Some of its equity-oriented schemes in 2025, while in the last year, engineered gains that have truly been mesmerizing, even crossing 30 percent in returns. The funds have become a … Read more
For government employees and pensioners all over India, the wait for the 8th Pay Commission is building up. After almost a decade since the onset of the 7th Pay Commission in 2016, reports suggest that the new commission may bring substantial salary hikes, revised allowances, and more benefits. Here’s what the latest updates indicate. Start … Read more
Financing central government employees and pensioners have witnessed a sudden update in the year 2025; debates on DA arrears have gained huge momentum. However, with the inflation and cost of living witnessing an upward spike, any DA revision becomes a question of household budgeting. Let’s take an account of developments. What Are DA Arrears? Being … Read more
The Employees’ Provident Fund Organization, or better known as EPFO, has officially approved an interest rate of 8.25% on EPF balances for the financial year 2024-25. This is the same rate as for the year gone by; no decrease being implemented is indeed heartening for the subscribers. With the government signing off on the rate, … Read more
The Old Pension Scheme was a defined benefit plan for pensioning central government employees in India. Under OPS, retirees were duly paid a pension equal to 50% of the last pay drawn and received additional benefits such as dearness allowance (DA). It was a simple pay-as-you-go system where there were no contributions by employees currently … Read more
It was the great hopes of the central government employees that the 8th Pay Commission would make itpossible for them to increase their salaries largely. One of the changes most anticipated was the revision of the fitment factor, which determines the increase in basic pay. Unfortunately, the latest reports indicate that the much-anticipated upward revision … Read more