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The Employees' Provident Fund Organisation (EPFO) is one of the two main social security organization under the Government of India's Ministry of Labour and Employment and is responsible for regulation and management of provident funds in India, the other being Employees' State Insurance. The EPFO administers the retirement plan for employees ...
On 10 December 2018, the Government of India made NPS an entirely tax-free instrument in India where the entire corpus escapes tax at maturity; the 40% annuity also became tax-free. [11] Any individual who is a subscriber of NPS can claim tax benefit for Tier-I account under Sec 80 CCD (1) within the overall ceiling of ₹1.5 lakhs under Sec 80 ...
Employees' State Insurance Corporation (ESIC), established by ESI Act, is an autonomous organisation under Ministry of Labour and Employment, Government of India.As it is a legal entity, the corporation can raise loans and take measures for discharging such loans with the prior sanction of the central government and it can acquire both movable and immovable property and all incomes from the ...
There are eleven administrative or revenue districts in Delhi, India, all of which fall under the Delhi division. [1] [2] Each of these district is headed by a District Magistrate (DM) also called Deputy Commissioner (DC), [3] [4] [5] who reports to the Divisional Commissioner who is ex-officio Director of Civil Defence, Inspector General of Stamps and Registration and Additional Chief ...
In July 2014 the Employees' Provident Fund Organisation of India (EPFO) began linking provident fund accounts with Aadhaar numbers. [45] In November 2014 the EPFO became a UIDAI registrar and began issuing Aadhaar number to provident fund subscribers. [124]
The Ministry of Finance (IAST: Vitta Maṃtrālaya) is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India. In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget. [2]
The economy of Delhi is the 12th largest among states and union territories of India. The Nominal GSDP of the NCR was estimated at 272.603 Billion [1] and the Nominal GSDP of the NCT of Delhi for 2023-24 was estimated at ₹11.07 lakh crore (US$130 billion) [10][11] recording an annual growth of 9.2%. Growth rate in 2014-15 was 9.2%.
New Delhi is the largest commercial city in northern India. It has an estimated net State Domestic Product (FY 2010) of ₹1,595 billion (US$19 billion) in nominal terms and ~ ₹6,800 billion (US$81 billion) in PPP terms. [95] As of 2013, the per capita income of Delhi was Rs. 230000, second highest in India after Goa.