EPS

The invisible burden on low-income workers that’s equivalent to a 35% tax paid by crorepatis

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The invisible burden on low-income workers that’s equivalent to a 35% tax paid by crorepatis

“This tax is as high as 35%, the same as what people earning above ₹1 crore pay,” said Harsh Roongta, founder of Fee Only Investment Advisers. How so? That’s because of compulsory contributions to state insurance schemes and pension funds that are “akin to a tax” because of the difficulty in accessing the benefits or … Read more

Small-, mid-caps erase most losses since mid-March

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Small-, mid-caps erase most losses since mid-March

“While the year-end profit booking, Sebi advisories to mutual funds to curb froth in smids (small- and mid-cap counters) and overvaluation in some counters caused the broader market indices to correct sharply till the middle of last month, selective picking by funds and other investors at lower levels erased the losses in the second-half, which … Read more