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Foreign stock for employees: RSU, ESPP, ESOP

A portion of employees’, working for MNC,compensation packages often includes stocks of their parent companies listed abroad. While this can be a lucrative perk, it also entails a set of compliance obligations in India. In this blog post, we delve into the...

Maternity Leave :Duration, Wages,Maternity Benefit Act

Maternity leave is the leave from the office when a woman is on leave because she is about to have or has just had (or adopted), a baby. Under the Maternity Benefits Act of 1961, a women employee is entitled to maternity benefits at the rate of her average daily wage...

How to check EPF balance :Website,SMS,Missed Call,Umang App

If your UAN is registered and your EPF is unexempted i.e, not an exempted trust(ex for employees of Infosys, TCS) then you can check your EPF Balance in 4 ways: at EPF website, Umang App, sending SMS and giving a missed call. Details that you get in different methods...

EPF Interest Rate from 1952, How does EPFO earn to pay interest

In Mar 2022, EPF Rates for FY 2021-22  were declared as 8.10%, Govt cuts from 8.5%, lowest rate since 1977-78. From FY 2017-18, interest is being credited after Sep instead of Apr.  The EPF interest rate of India is decided by the central government with the...

All About Income Tax Savings: sections 80C,80D, claim in ITR

Taxes are an integral part of our life. Tax is used by the government to provide certain basic provisions to citizens. Individuals who earn i.e have income more than a certain amount are expected to pay taxes, as per the existing Income tax slabs. The Government also...

What is LTA? How to claim LTA

Come January, it is time to claim your annual reimbursements such as medical and leave travel allowance (LTA). It cannot be claimed while filing Income Tax Return or ITR. This article talks about How to Claim LTA? How is LTA shown in Form 16 and in ITR? It also gives...
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