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Got a Diwali gift from your company this year? 🎁
Did you know it could also help you save on income tax?
Here's what you should check 👇🧵
Now, what about your CTC?
If your company simply labels part of your fixed cash salary as a "Diwali gift", that doesn't automatically make it tax-free.
But a genuine qualifying gift doesn't lose its tax treatment just because its cost appears in your CTC.
So here's what you should do.
Check your CTC breakup and salary records.
Is a Diwali gift mentioned?
Was it actually given as a gift, or paid as a cash bonus?
And has your employer treated it correctly for income tax?
If your employer doesn't provide any gift, there's no separate exemption to claim.
India just approved ₹14,500 CRORE to STORE electricity! ⚡
But why does India need to store electricity in the first place?
Here's why 👇🧵
Now, here's the interesting part.
The government has approved ₹14,500 crore in support.
These projects are expected to attract ₹97,600 crore in total investment!
And the government wants Indian companies to benefit from this investment too.
So, at least 40% of what goes into these battery projects must come from India.
This could give Indian manufacturers a big opportunity.
Do you have foreign clients? 🌍 RBI has just made your life a bit easier.
If you’re a resident individual earning from services provided outside India, a FEMA reporting step has now become simpler.
The change is about something called EDF.
Here’s what changed 👇🧵
There’s also relief for businesses.
If the service exporter is not an individual, the same simplified treatment is available where the inward remittance is ₹10 lakh or less.
Didn't receive your Diwali bonus? Could your employer face up to 3 MONTHS in jail? 😳
Indian labour laws have strict rules for unpaid bonuses.
But do these rules apply to your Diwali bonus?
Here's what you need to know 👇🧵
Does this mean your Diwali bonus is mandatory?
Not necessarily!
🎁 Diwali bonus: Generally depends on company policy, agreements or established practices.
💰 Annual statutory bonus: Required by law for eligible employees.
And if your company has already paid a qualifying festival bonus, it may count towards the mandatory annual bonus.