Every individual should make saving a habit for financial security and future planning. Even if you have a low salary, following the right plan can help you save significantly each month. The money accumulated through saving is a safety net for emergencies and enables you to achieve your long-term dreams. Here are some easy tips … Read more
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
Understanding gross pay, which is an employee’s total earnings before any deductions, such as taxes and contributions to retirement funds, is crucial. It includes the basic salary, gratuity, house rent allowance, and other allowances, and knowing this can empower you to manage your finances better. Calculating the gross pay for a monthly salaried employee is … Read more