Tips to save IPO listing gains tax!
In the years 2023 and 2024, many IPOs brought huge earnings for the investors. But tax also has to be paid on this! What is the tax rule on booking listing gains from IPO? How can tax liability on listing gains be reduced? How will the tax be calculated on selling IPO shares?
ESIC saw addition of over 13 lakh new members in July this year compared to nearly 11 lakh members in June, according to a report released by the National Statistical Office (NSO). Gross new enrolments were 10.72 lakh in April, 8.87 lakh in May and 10.58 lakh in June this year.
The NSO report showed that gross enrolments of new subscribers with ESIC were 1.15 crore in 2020-21 compared to 1.51 crore in 2019-20 and 1.49 crore in 2018-19.
During September 2017 to March 2018, around 83.35 lakh new subscribers joined the ESIC scheme.
The report said gross new enrolments with ESIC from September 2017 to July 2021 period were 5.42 crore.
The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, the Employees’ Provident Fund Organisation (EPFO) and the Pension Fund Regulatory and Development Authority (PFRDA).
According to the report, net new enrolments with retirement fund body EPFO stood at 14.65 lakh in July, up from 11.16 lakh in June 2021.
It showed that during September 2017 to July 2021, around 4.51 crore (gross) new subscribers joined the Employees’ Provident Fund scheme.
The report said since the number of subscribers is from various sources, there are elements of overlap and the estimates are not additive.