Typically, your basic salary and dearness allowance, if any, will constitute basic wages. To figure out the actual amount, you need to check your salary slip. “The salary component on which 12 per cent has been deducted as your PF contribution will constitute basic wages,” explains Parizad Sirwalla, Partner and Head, Global Mobility Services, Tax, KPMG. Typically, this will be the amount tagged as ‘basic pay.’ … [Read more...] about COVID-19: How much can you withdraw from your EPF?
The OnePlus 8 series is arguably the most anticipated smartphone launches of 2020. The OnePlus 8 and 8 Pro have been making headlines since the start of the year. And after much deliberation and discussion, the Chinese smartphone maker has finally confirmed the launch date of its OnePlus 8 series. … [Read more...] about OnePlus 8 series confirmed to launch on April 14: All you need to know
The Rs 1.07 lakh crore package, announced by Finance Minister Nirmala Sitharaman on March 26, depends on Aadhaar-linked Jan Dhan bank accounts to deliver the direct benefit transfer (DBT) schemes to 80 crore poorest Indians over a three-month period, effective immediately. … [Read more...] about Coronavirus pandemic | Govt relief package may not reach the poor – here is why
Technology will play a large part in improving energy efficiency and decarbonizing energy. But low-carbon domestic heating systems like heat pumps, biomass boilers, low-carbon design standards, and improved insulation aren’t sufficient on their own. These types of solutions don’t address the root causes of the second demographic transition, which has led to a proliferation of bedrooms and bathrooms and increased expectations of privacy and personal space. … [Read more...] about Our living spaces are bigger than ever. But not for the reason you think
Every single person in the company took a voluntary cut of some kind, although Kroll and Price decided no one’s should be more than 50%. Every member of the management team also took a pay cut (some now earn below the company’s previous $70,000 minimum wage. Overall, these voluntary cuts amounted to a 20% decrease in salary expenses, which Price says gives the company a runway of 9 to 12 months. To save the same amount of money via layoffs, the company would have had to let 40 employees go. “This has bought us a lot of time,” Price says. “That could mean the difference between surviving as a business or going under.” … [Read more...] about How one tech company avoided layoffs even when revenue was cut in half