Gold is one of the most valued metals worldwide. Especially, in India, gold is more than just a precious metal, it holds deep cultural significance in celebrations, weddings, festivals, and religious ceremonies. Purity plays a crucial role when purchasing or investing in gold and its purity levels are often classified into different karats (K). The …
Gold jewellery holds significant financial and cultural value in India. Its prices have touched record highs. However, it is imperative to understand the breakup of making charges on gold jewellery. This will help you to take important decisions that will maximise your returns on gold resale. Consumption of Gold Jewellery in India India’s consumption of …
Given the current macroeconomic volatility, your mutual fund and equity investments may have seen fluctuations. If you are looking for a balance between regular income, capital appreciation, and comparatively lower risk, Real Estate Investment Trusts (REITs) could be an alternative to directly investing in residential or commercial real estate. REITs provide quarterly distributions in a …
Imagine You’re 30 years old, and in the next decade, you imagine yourself achieving a life-changing financial milestone. Whether it’s funding your child’s higher education, buying your dream home, or securing a comfortable retirement, you know the importance of setting financial goals today for a better tomorrow. But where do you start? For many people, …
The Employees’ Provident Fund (EPF) offers an attractive 8.25% interest on deposits, making it a great tool for long-term savings. However, many young subscribers withdraw their entire PF balance when changing jobs, missing out on the benefits of compounding. EPFO’s Growing Concern The Employees’ Provident Fund Organisation (EPFO) is worried about the rising trend of …
SBI Card has updated its existing reward points program. Moreover, it has revised terms of benefits for various cardholders. The changes will be effective from March and April respectively. Reward points on certain digital and travel purchases will be cut. Affected Cards To maximise their financial benefits, cardholders must be aware of the new changes. …
The 7th Pay Commission, implemented in January 2016, brought significant changes to the salary structure of central government employees and pensioners. One of the key aspects of this commission was the revision of pension calculations for retired employees. But how exactly does it affect pensioners? Let’s take a closer look. Pension Revision Under the 7th …
The 8th Pay Commission is anticipated to introduce significant changes to the pension structure for central government employees in India. A key factor in determining pension revisions is the fitment factor, which standardises salary and pension hikes across various pay levels. In the 7th Pay Commission, a fitment factor of 2.57 was applied. The 6th …
Gratuity is a financial reward given by employers to employees as a token of appreciation for their long-term service. It is a statutory benefit under the Payment of Gratuity Act, 1972, ensuring that employees receive a lump sum upon retirement, resignation, or under certain other conditions. In case of the employee’s demise, their nominee or …
Understanding your take-home salary when your Cost to Company (CTC) is ₹15 lakh per annum (LPA) involves breaking down various components of your compensation and accounting for mandatory deductions. Here’s how you can estimate your monthly in-hand salary: Components of CTC Your CTC typically includes: Basic Salary: Usually 40-50% of the CTC. For a ₹15 LPA …
