Many people consider the salary package the first thing they consider when applying for a job. However, they often focus solely on the basic monthly or annual salary and overlook other significant components of the package. Understanding these elements can lead to more meaningful discussions with company representatives, resulting in a more advantageous compensation package. … Read more
Understanding CTC, gross, net, and in-hand salary is crucial when discussing salary packages. This knowledge empowers individuals to make informed decisions about their employment. This article clarifies these terms. What is CTC? CTC, or Cost to Company, is a key term in job advertisements. It refers to the total salary package the company spends on … Read more
Everyone who works should be aware of the benefits they’re entitled to. Employees receive a monthly salary, various earned leaves, a provident fund, dearness allowance, gratuity, and insurance. Among these benefits, gratuity is one of the most important. So, what exactly is gratuity? What qualifications are needed to receive it? How is it calculated? Let’s … Read more
A few years ago, the central government changed the tax rules regarding employee gratuity payments. According to this amendment, gratuity amounts received by employees are not taxable up to Rs. 20 lakhs. This tax-free gratuity limit was increased to Rs. 25 lakhs in May 2024 and will come into effect on January 1, 2024. According … Read more
Many purchase life insurance policies to ensure their families are financially secure, even in their absence. However, much money remains unclaimed at LIC (Life Insurance Corporation of India). LIC has a large pool of ‘unclaimed money’—it’s worth checking to see if any of it belongs to you. Unclaimed Maturity Amount in LIC: LIC is India’s … Read more
Learn how to recover your money if you’ve made a wrong UPI transaction. Get step-by-step guidance on filing a complaint, contacting your bank, and resolving the issue quickly. In today’s digital age, UPI transactions have made it easy to send and receive money. However, sometimes mistakes can happen, and you may send money to the … Read more
If you persist in your current spending habits, you’re teetering on the edge of a potential financial crisis. This is why the concept of saving is not just important but crucial. Do you know how to save money without spending on your salary? We work hard all month to earn a salary, but often, it … Read more
Many people work hard but need to earn more money to meet their needs. Instead, they often rely on additional sources of income to supplement their earnings. Some individuals consider quitting their jobs to start a business. However, leaving your job to earn extra money isn’t necessary. You can earn more than your salary by … Read more
Every household should maintain a budget, like central and state budgets. When both partners are clear about where each rupee goes, it can reduce money-related stress and help them lead comfortable lives. Almost everything in life involves money. Anyone who says otherwise is not being truthful. Money is essential for maintaining relationships, funding children’s education, … Read more
Teaching children about money is crucial for their financial future. Instilling good money habits and financial literacy in kids helps them make informed decisions and achieve financial stability. Financial literacy is a superpower that sets them up for success, and you’re their guide. Discover essential financial lessons for kids to help them understand the value … Read more