According to the Income Tax Return Statistics for Assessment Year 2012-13, 14 lakh people or just 4.6 per cent of the total assessees paid taxes in the highest 30 per cent tax bracket. There are 2.89 crore assessees in the country.
Retirement fund body EPFO has asked its over 120 field offices across the country to ensure that all employers are depositing their PF contributions only through electronic mode by using the Internet banking.
After the crop insurance scheme that promises record low premiums for farmers, the central government is planning to come out with a similar scheme for livestock in which farmers' share of premium would also be in the range of 1-2 per cent per annum.
Post the budgetary provision to provide tax benefits up to 40 per cent of maturity of investment in National Pension Scheme (NPS), the retail segment of NPS has grown by over 100 per cent over the past one year.