When people think about taxes in India, they often focus on those applied to salary or business income. While most are aware of tax slabs and exemptions, investment-related taxes are frequently overlooked.
Budget 2025: The Focus Shifts From Capex to Consumption
Boosts Consumer Spending With An Extra Rs 1 Lakh Crore & Stays Committed to Fiscal Discipline
Budget 2025 drives consumption with personal income tax cuts & indirect tax reductions. Income tax changes will return Rs 1 lakh crore to taxpayers in FY26, though the effective gain may be slightly lower. Indirect tax cuts, like reduced customs duties on mobile phone inputs, are set to spur spending and premiumization.
Slower FY25 GDP Growth, but India’s Long-Term Economic Outlook Remains Strong
The Ministry of Statistics and Programme Implementation (MOSPI) recently released the first advance estimate for FY25 GDP growth, pegging it at 6.4%. While this signals a deceleration compared to recent years, much of the slowdown is reflective of the first half of the financial year.
Essential Factors to Consider When Choosing the Right Health Insurance Plan
Health insurance is designed to help cover medical expenses arising from hospitalization. It can cover a wide range of costs, including surgeries, prescription medications, room charges, and more. In this article, we explore key factors to consider when selecting the health insurance plan that’s right for you.
Gratuity: Eligibility Criteria and Gratuity Calculation Explained
What is Gratuity?
Gratuity is a statutory benefit given to employees as a token of appreciation for their long-term service to an organization. Introduced by the Indian government under the Payment of Gratuity Act 1972, gratuity is a lump sum payment made to employees when they retire, resign, or are terminated after having worked for the same employer for a period of 5 years or more. The amount is calculated based on the employee’s last drawn salary and the number of years they have worked with the company. Before the Payment of Gratuity Act, 1972, there was no formal mechanism for gratuity payments, making this law a significant milestone in employee welfare.