Tag Archives: lakh

Employer’s Contribution to PF Above Rs 1.5 Lakh To Be Taxed

While the Budget proposal to tax Employee Provident Fund (EPF) withdrawal has stumped the salaried class, two other announcements in the Budget have not attracted much attention so far. The Budget proposes to cap the annual employer contribution to EPF at Rs. 1.5 lakh per year. Currently, there is no monetary limit on the employer contribution under EPF, with only ... Read More »

PF Tax: 25-Year-Old May Have To Pay Rs 56 lakh in Taxes on Retirement

Finance Minister Arun Jaitley’s Budget proposal to tax 60 per cent of Employee Provident Fund withdrawals has come in for huge criticism. EPF, a popular investment instrument for millions of salaried employees, has 3.7 crore subscribers. (Read) The proposal to tax EPF withdrawals, according to the tax bracket of employees, could set back employees by lakhs of rupee, according to ... Read More »

2016 Kawasaki ZX-10R & ZX-14R Launched in India; Priced From 16.4 Lakh

Adding more goodies and performance to its flagship offerings, Kawasaki has launched the 2016 Ninja ZX-10R and ZX-14R superbikes in India priced at 16.4 lakh and 17.9 lakh (ex-showroom, Delhi) respectively. The 2016 ZX-10R gets a plethora of upgrades in cosmetic and mechanical to add some manic performance, whereas the 2016 Ninja ZX-14R gets subtle cosmetic revisions for the new ... Read More »

Maruti Suzuki Ciaz ZXi+ Automatic Silently Launched; Priced At 10.19 Lakh

Maruti Suzuki has silently introduced a new variant on the Ciaz mid-size saloon as the range-topping ZXi+ variant now gets an automatic transmission as optional, priced at 10.19 lakh (ex-showroom, Delhi). Until now, the Ciaz was available with an automatic gearbox only on the mid-level VXi trim. However, the ZXi+ AT will ensure buyers do not need to skimp out ... Read More »

New-Gen Skoda Superb Launched in India; Prices Start at 22.68 Lakh

The new generation Skoda Superb was launched in India today and has been priced between 22.68 lakh for the base-level variant and 29.36 lakh for the top-spec model (all prices are ex-showroom, Mumbai). The 3rd generation of the Superb is built on Volkswagen’s popular MQB platform and comes with some extensive design and cosmetic updates along with an array of ... Read More »

Mercedes-Benz E-Class Limited Edition Launched in India; Prices Start at 48.6 Lakh

Mercedes-Benz India today launched a new limited edition of the E-Class, tagged ‘Edition E’, which has been priced from 48.6 lakh to 60.1 Lakh (ex-showroom Delhi). The new Edition E will also be available in 3 variants – E200, E250 and E350 CDI. While the E200 petrol is priced at 48.6 lakh, the diesel powered E250 and E350 CDI have ... Read More »

2016 KTM RC390 launched in India at Rs 2.13 lakh

KTM has silently introduced the 2016 KTM RC390 in the Indian market. Despite the addition of a few important technical updates, the new RC390 continues to retail for the older version’s sticker price of Rs 2,13,500 (ex-showroom, Delhi). The 2016 KTM RC390 was globally unveiled at the 2015 EICMA Show in Milan, last year. The model came equipped with a ... Read More »