corpzo

  Introduction In today’s dynamic business environment, ensuring employee welfare is not just a legal requirement but also a strategic priority. One of the most significant employee welfare schemes in India is the Employees’ Provident Fund (EPF) , managed by the Employees’ Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment, Government of India . The EPF is a retirement benefits scheme for salaried employees, ensuring long-term savings for employees while also offering tax benefits to both employers and employees. At Corpzo , we simplify and accelerate the process of EPFO registration , enabling businesses across India to become fully compliant with the law while supporting their workforce. Whether you're starting a new business or scaling your organization beyond 20 employees, Corpzo ensures a smooth, fast, and fully online EPF registration process. What Is the EPFO? The Employees’ Provident Fund Organisation (EPFO) is a statutory body establishe...

  Overseas Direct Investment (ODI) is a crucial component of the global economy, enabling Indian entities and resident individuals to expand their business operations and seize international opportunities. In this comprehensive guide, we will delve into the intricacies of ODI, including its legal framework, procedural requirements, and the role of authorized dealers. Whether you are a company looking to venture into foreign markets or an individual seeking to diversify your investment portfolio, this guide will provide you with all the essential information you need to navigate the world of ODI.  1. Understanding Overseas Direct Investment Foreign Exchange Management Act (FEMA) empowers the Reserve Bank of India (RBI) to regulate and oversee capital account transactions, including investments by Indian entities in foreign entities outside India. ODI falls under the purview of FEMA, and its regulations have recently undergone significant changes to promote ease of doing busines...

  The income tax structure has been updated with enhanced benefits: For Individual Taxpayers: Income up to ₹4,00,000: Nil tax rate Zero tax liability for income up to ₹12,00,000 (considering rebate under Section 87A) Key Changes in Deductions: Standard deduction under salary head increased from ₹50,000 to ₹75,000 Family pension deduction limit raised from ₹15,000 to ₹25,000 Rebate under Section 87A enhanced to ₹60,000 from the previous ₹25,000 for the New Tax Regime Important Sections of the Income Tax Act, 1961 Chapter IV - Computation of Total Income Section 5: Scope of Total Income  This section defines the scope of total income and establishes the charging provisions for different categories of taxpayers based on their residential status. Section 10: Incomes Not Included in Total Income  Contains various exemptions including: Section 10(10AA): Special exemptions for certain income Section 10(38): Exemption for long-term capital gains on listed securities Section 11-13...