Renegotiate meal coupon component in salaryHowever, the leeway has not been extended to meal coupons or vouchers for free food and non-alcoholic beverages that many employees receive as part of their remuneration. “This component will continue to be taxable in the new regime. The tax would be would the same as on regular salary. Therefore, it is better to convert meal coupons to regular pay,” says Karan Batra, CEO and Founder, Chartered Club.You can negotiate with your employer to pay an equivalent sum as part of your regular salary instead. However, before that, review your meal cards’ terms and conditions and acceptability across merchants to ascertain their utility. Given that a partial lockdown continues in several big cities in India, you would do well to focus specifically on acceptability of these cards on e-commerce platforms before taking the final call. … [Read more...] about New tax regime: Now claim exemptions on daily travel and conveyance allowances
U s individual income tax
What restaurants will actually be like in a post-COVID-19 world, according to Chipotle, Panera, street-food vendors, and others. The leaders of the Mayo Clinic, Cleveland Clinic, Doctors Without Borders, and more tell us how healthcare is being transformed by the COVID-19 pandemic. Is advertising really dead? Here’s how the leaders of Droga5, TBWA, Wieden+Kennedy, and more are inching forward. The retail Armageddon may have finally arrived. Here’s what top executives at Nike, Athleta, and more think it will take for stores and brands to make it through. Insiders at LinkedIn, Glassdoor, and Jobcase tell us which companies will be hiring, what skills will be important, and how the workplace of the future will change. How COVID-19 has changed investing, according to VCs at Sequoia, Insight, Forerunner, 500 Startups, and more Architects and urban planners from Gensler, Harvard, and Bloomberg Associates explain the changes coming to our shared … [Read more...] about 7 labor leaders on how COVID-19 has given the labor movement new urgency
The number of billionaires in the world—2,825 individuals, with a combined wealth of $9.4 trillion in 2019—is at a record high, and more live in the U.S. than any other country. And, despite the economic fallout of COVID-19, the number of billionaires in certain business sectors continues to grow. … [Read more...] about The U.S. is now home to nearly 800 billionaires, worth a combined $3.4 trillion
Rushabh Gandhi: “The need and importance of having a term plan can never be undermined. India is an under-protected country; the penetration rates are abysmally low. Plus, the protection gap is fairly high, which means that the people buying insurance are not buying the right amount. Insurance is an absolutely critical part of your portfolio, and term insurance is used as an income protection tool. Today, if something unforeseen was to happen to you, your family's cash flow will not be compromised.” … [Read more...] about Why term insurance is the need of the hour
“It’s really like going back to the caveman days,” Schawbel says. “If you can’t kill your own food, you’re not going to make it. If you’re doing multiple things at once, millennials are like, ‘If I get laid off, then I’m fine.” … [Read more...] about Millennials Will Become The Majority In The Workforce In 2015. Is Your Company Ready?