Budget 2024 updates: The indexation benefit on long-term capital gains is not available when SGBs are sold or transferred after 12 months of the purchase date.For Indians, the reverence they have for gold is beyond its market value. Now there are ways to own gold without its inherent risks or bearing making and wastage charges. Sovereign Gold Bonds are one such alternative offered by the Government of India and the Reserve Bank of India (RBI). Here, you can own gold in ‘certificate’ format.  What is a Sovereign Gold Bond?The Government of India introduced the Sovereign Gold Bond (SGB) in November 2015 under the Gold Monetisation Scheme to offer an alternative investment to physical gold.

In recent years, the Telangana government has modified the minimum wages across the state to ensure all categories of workers in the state receive fair compensation. Continue reading this article to gain detailed insights about the minimum wages in Telangana. Minimum Wages in TelanganaThe Telangana Government enacted the Telangana Minimum Wages Rules, 1960, to ensure the smooth functioning of the Minimum Wages Act, 1948. As per these rules, employers must ensure that workers in scheduled employment receive wages at or above the minimum rates set for their job category. However, for determining minimum wages, Telangana state considers a two-zone system:Zone I: This includes Municipal Corporations in Telangana with Special Grade Municipalities and Selection GradeZone II: Considers the rest of revenue districts present within the stateCurrent Minimum Wages in TelanganaThe table below displays the current minimum wages that prevail in Telangana:Class of EmploymentZonesBasic Wage (Per Month)VDA (Per Month)Total Wages (Per Day)Total Wages (Per Month)Shops(Manager, sales manager, security officer, computer programmer)Zone 1Rs. 5,557Rs. 7,955.20Rs. 519.70Rs.

The Government of Tamil Nadu fixes the minimum wages for workers across different scheduled employment to ensure fair pay and compensation as per the Minimum Wages Act. Continue reading this article to gain detailed insights about minimum wages in Tamil Nadu and salaries paid per day and month. Minimum Wages in Tamil NaduThe State Government of Tamil Nadu revises the minimum wage by publishing an official notification. The wages are revised to ensure employees employed in different sectors of Tamil Nadu receive fair compensation without delay. The wages include a Variable Dearness Allowance (VDA) component, which adjusts wages based on inflation. Minimum Wages Zones in Tamil NaduThe minimum wage zones in Tamil Nadu are categorised as follows:Zone A – Comprises of all CorporationZone B – Considers all MunicipalitiesZone C – Comprises of Cantonments, Townships and Town PanchayatsZone D – Includes all Village PanchayatsCurrent Minimum Wages in Tamil NaduThe table below displays the current minimum wages that prevail in the state of Tamil Nadu:Class of Employment Zones Basic Pay Per MonthVDA Per MonthMinimum Wages Per MonthGeneral Category(Manager, Sales manager, Field officer, Development officer, Officer-in-charge)Zone ARs. 5,960Rs. 5,087Rs.

The Government of Assam has recently revised the minimum wages for workers in the state, ensuring fair compensation for employees across various industries and skill levels. Keep reading this article to know more about minimum wages in Assam.Minimum Wages in AssamThe Assam Government revises and updates the minimum wages for a broad range of workers, from unskilled labourers to highly skilled professionals. The revision aims to improve wage standards and ensure equitable pay to workers in scheduled employment in Assam. The Assam Labour Welfare Department issues notifications to update the minimum wage rates and Variable Dearness Allowance (VDA) applicable to workers. For wage calculation, employees in Assam are categorised into four main groups: unskilled, semi-skilled, skilled, and highly skilled workers.Current Minimum Wages in AssamBelow are the minimum wages in Assam for different categories of workers:Class of EmploymentVDA Per Month Minimum Wages Per Month Unskilled WorkersRs. 296.64Rs. 10,097.14Semi-Skilled/Unskilled SupervisoryRs.

The Andhra Pradesh Government has revised the minimum wages in Andhra Pradesh to ensure fair compensation for different types of employment. Continue reading this article to gain detailed insights about minimum wages in Andhra Pradesh.Minimum Wages in Andhra PradeshThe Andhra Pradesh Government fixes the minimum wages in Andhra Pradesh for various categories ranging from unskilled workers to highly skilled professionals, helping safeguard the rights of the workforce while balancing the needs of employers. Andhra Pradesh divides its employment regions into two main zones, with different wage structures for each:Zone I: Includes all areas under municipal corporations, selection-grade municipalities, and special-grade municipalities.Zone II: Covers all other areas of the state.Current Minimum Wages in Andhra Pradesh Below is a detailed table outlining the revised minimum wages in Andhra Pradesh, comprising the basic pay and the Variable Dearness Allowance (VDA): Class of EmploymentZoneBasic Per MonthVDA Per MonthTotal Per MonthShops (Manager/ Sales Manager/ Security Officer/ Computer Programmer)Zone IRs. 5557Rs. 8428.80Rs. 13985.80Zone IIRs. 5357Rs.

The Government of Jharkhand fixes minimum wages for different categories of workers based on skill levels and areas, as outlined in the Minimum Wages Act, of 1948. The wage structure varies across skill levels, employment sectors and regions. Continue reading this article to gain detailed insights about minimum wages in Jharkhand. Minimum Wages in JharkhandThe Jharkhand State Government fixes and revises minimum wages for different categories of workers in scheduled employment. This ensures that workers in all categories receive fair compensation without delay. Jharkhand is divided into three areas for the payment of minimum wages to workers, which are as follows:Area A: This zone includes areas within the jurisdiction of the Municipal Corporations of Ranchi, Chas, Dhanbad, Deoghar, Hazaribagh and Jamshedpur Notified Area, Mango, Jugsalai and Adityapur areas.Area B: This zone covers all civic bodies or municipal areas and notified areas except Panchayats covered under Area A.Area C: This zone covers all other areas of the state not covered under Area A and Area B.The minimum wages in Jharkhand also vary according to the scheduled employments that fall under Category A and Category B. Category A covers 49 employments, and Category B covers 41 employments.Current Minimum Wages in JharkhandThe table below displays the current minimum wages in Jharkhand for Scheduled Employment under Category A:Class of EmploymentAreaBasic Per DayTotal Per MonthUnskilledARs. 468Rs.

The Government of Goa prescribes minimum wages for different categories of workers based on skill levels and sectors, as outlined in the Minimum Wages Act, of 1948. The wage structure varies across different sectors, skill levels, and regions. Keep reading this article to know more about minimum wages in Goa.Minimum Wages in GoaThe Government of Goa revises and fixes the minimum wage rates for workers in scheduled employment in Goa. These wages ensure that all workers are fairly compensated for their labour, considering the cost of living and inflation. The latest revision of minimum wages in Goa came into effect on 1 April 2024. Goa is divided into two zones for the payment of minimum wages to workers, which are as follows:Zone A: This zone includes areas within the jurisdiction of the Corporation of the City of Panaji and municipalities such as Margao, Vasco, Mapusa, Ponda, Cuncolim, Quepem, Curchorem, Sanguem, Canacona, Pernem, Valpoi, Sanquelim, and Bicholim.Zone B: This zone covers regions like Cansaulim, Assolna, Colva, Colvale, Baga, Calangute, Anjuna, Vagator, Morjim, Benaulim, Majorda, Mobor, Chopdem, Mandrem, Arambol, and Cavelossim.For the payment of minimum wages in Goa, the workers are classified as unskilled, clerical, semi-skilled, and skilled.Unskilled workers include cleaners, chowkidars, loaders/ unloaders, laborers, mazdoors, attendants, helpers, sweepers, deliver boys, peons, assistant salesmen, packers, office boys, watchmen, newspaper delivery boys, pump attendants or any other category with similar work nature.Clerical workers include accountants, telephone operators, steno-typists, clerks, tally clerks, store clerks, typists, godown keepers, receptionists or any other category with a similar work nature.Semi-skilled workers include assistant fitters, assistant mechanics, assistant electricians, assistant carpenters, assistant blacksmiths, assistant turners, assistant machinists, assistant welders, assistant vulcanisers, assistant tinsmiths, assistant painters, assistant moulders, assistant trailers, assistant wiremen, assistant pump operators, assistant glass cutters, cushion-makers, washermen, compounders, carpenters, pressmen, bakers, glazers, gardeners, hairdressers, lift attendants, frame makers, mill hands or any other category with a similar work nature.Skilled workers include chemists, supervisors, drivers, watch repairers, shoemakers, tailors, fitters, turners, utensil makers, electricians, machinists, handicraftsmen, welders, opticians, metal engravers, sales representatives, glass polishers, wiremen, foremen, block makers, photographers, pump operators, computer operators or any other category with a similar work nature.Minimum Wages in Goa per DayThe table below outlines the minimum wages in Goa per day for different categories: Category of WorkersZonesBasic Amount per DayVDA per Day (Variable Dearness Allowance)Minimum Wages per DayUnskilledZone ARs. 412Rs.

The Himachal Pradesh State Government updated the minimum wages for workers. Organisations in scheduled employment must pay workers at or above the specified minimum rates set for each job category. Keep reading this article, which covers the latest minimum wages in Himachal Pradesh for 2024.Minimum Wages in Himachal PradeshUnder the Himachal Pradesh Minimum Wages Rules, 1978, employers must ensure that workers in scheduled employment receive wages at or above the minimum rates set for their job category. The Himachal Pradesh Government sets minimum wage rates for different worker categories based on their skill levels. These wages are reviewed periodically, ensuring workers are safeguarded against unfair payments. The minimum wage rate remains the same for male and female workers and adults and minors performing the same or similar work.  For any job category not explicitly listed in the scheduled employment, wages must not fall below the minimum rate set for a comparable skill level. The latest revised minimum wages are effective from October 2024 in Himachal Pradesh.Current Minimum Wages in Himachal PradeshBelow are the current minimum wages in Himachal Pradesh for workers in different categories of scheduled employment.Workers in AgricultureCategory of WorkersMinimum Wages Per DayMinimum Wages Per MonthUnskilled Rs.

You must upload certain mandatory documents to file your ITR with an expert on the ClearTax platform. Here is a step-by-step guide to uploading your documents. It is simple, easy and quick.  Steps to Upload Your Documents:Step 1: View the list of mandatory documents that you need to upload and keep them ready.Step 2: Click on the “Drop any documents here, or Browse” option to upload the documents. The file explorer from your operating system will open. You can upload multiple documents by selecting all the documents you want to upload.

If you are an individual who wants to plan your retirement, you should consider National Pension Scheme (NPS) as a part of your portfolio for retirement. NPS is a focused investment for one’s retirement. NPS invests the contributions of the depositors into various market-linked instruments such as equity and debts across market segments. Let us understand what is NPS scheme, its features and step by step guide for opening an NPS account with SBI.What Is NPS (National Pension Scheme) Account?The NPS is a social security scheme launched by the Central Government of India. The New Pension Scheme is a contribution-based scheme that provides market-linked returns to pensioners. Initially, it was aimed at the Central Government employees only. However, NPS was subsequently extended by the Pension Fund Regulatory and Development Authority (PFRDA) to all citizens.So, now an employee belonging to the private sector or someone who is self-employed can avail of the new pension scheme.