Tax cuts on employees’ salaries are influenced by their income, tax slabs, and the tax regime they choose to follow (either old or new). The old tax regime, a familiar and trusted system, allows for deductions and exemptions, such as House Rent Allowance (HRA) under Section 80C, alongside various investment options. This regime empowers taxpayers … Read more
The Employee Pension Scheme (EPS) is an integral part of the Employees’ Provident Fund (EPF), which is managed by the Employees’ Provident Fund Organization (EPFO) in India. The EPFO, a statutory body under the Ministry of Labour and Employment, is responsible for overseeing the implementation of the EPS and ensuring its benefits reach the employees. … Read more
Typically, we insure our cars, but it’s also essential to insure car keys. Modern car keys, particularly key fobs, can cost thousands of rupees to replace. Insuring your car keys ensures you receive a refund that can cover the replacement cost if they are lost. Have you insured your car keys? If not, you might … Read more
If you need money urgently, obtaining an instant personal loan is better than borrowing from other sources at high interest rates. You won’t need to provide collateral to secure this type of loan. Many people who require immediate funds prefer instant personal loans. Unlike traditional personal loans, instant personal loans are often unsecured, allowing you … Read more
Employees working in the organized sector usually have a Provident Fund (PF) account. Companies with at least 20 employees are required to register with the Employees’ Provident Fund Organization (EPFO). If you are an EPFO subscriber, you must know a few key points. Every month, 12 percent of your basic salary is deposited into your … Read more
Joint accounts are shared by two or more individuals and offer numerous benefits. They can be opened with spouses, children, friends, or business partners. According to the Reserve Bank of India guidelines, the number of members in a joint account is not limited, but some banks restrict it to a maximum of four. Joint accounts … Read more
If credit cards are not used properly, we risk falling into debt, which can increase our financial burden. Understanding this is crucial to avoid unnecessary damage. Being informed is essential to manage a credit card and prevent debt effectively. Here’s what you need to know: Interest: This refers to the charges applied to the outstanding … Read more
When considering health insurance, several important factors should be considered, as they will be beneficial in the future. Health insurance is essential, especially in today’s world, where the costs associated with medical treatments can be overwhelming. Health insurance plays a crucial role in managing unexpected medical expenses. Any illness can arise at any time, leading … Read more
Have you lost the original documents related to your hard-earned lands and properties? Are property documents that have been passed down for generations now missing? If you don’t know what to do next, don’t worry. In this article, we will explore how to recover lost documents quickly. Tips to Find Lost Property Documents Register an … Read more
We have the potential to become millionaires through mutual fund investments! However, earning a crore can be difficult due to unknowingly making small mistakes. That’s why it’s essential to be aware of the following points and apply them in our investment strategies. Investment is the best tool to combat inflation and enhance our living standards … Read more