New labour codes are set to redefine wage calculations, impacting salary structures, PF contributions, and gratuity payouts.

401(k) is a type of defined contribution plan with varying contribution limits based on age. Employers may match 401(k) contributions; withdrawals before age 59 1/2 can incur penalties. Other defined ...

Gross revenue is a term used by all businesses -- for profit, nonprofit and government related. However, gross contribution is a term generally used in conjunction with nonprofits. Gross contributions ...

In a recent ruling that favours employees, the Delhi High Court has expanded the scope of basic wages to be included for Provident Fund (PF) contribution. Under the PF rules, contribution towards PF ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. An Employee Savings Plan (ESP) is an employer-sponsored retirement savings plan that allows ...

2024 and 2025 Roth IRA limits are $7,000 for adults under 50 and $8,000 for those 50 and older. Your Roth IRA contribution is restricted by your modified adjusted gross income (MAGI), which impacts ...