Salary Blogs

The option of an overdraft loan for salaried professionals is ideal if you want to get instant funding. Using this type of credit, you can manage any medical emergency or any other urgent requirement. It helps you avoid cutting back on your budget or liquidating your valuable assets to arrange funds. Read on to know …

You can easily transfer EPF online on the EPFO portal, which you may need to do if you switch jobs. If required, your employer will register you on the Employees Provident Fund Organisation (EPFO) portal. As per the regulations, both you and the employer contribute to your account to build a corpus for retirement.  While …

Filing a provident fund claim online can help in the partial or complete withdrawal of funds, allowing you to manage unexpected financial needs or planned expenses. The Employee Provident Fund (EPF) is a savings scheme initiated by the Central Government, where you and your employer make equal contributions, which helps you build a sizeable corpus …

Unified Mobile Application for New-age Governance (UMANG) allows you to complete an EPF balance check easily. On this platform, you can access details about various central and state government services in 13 different languages. In addition to this, you can conduct an EPF enquiry through the official Employees’ Provident Fund Organisation website. Other options include …

When you opt to withdraw PF (provident fund), you can easily manage your financial requirements using the accumulated corpus. There are different types, such as: By withdrawing from either of these funds, you can access financing for: Read on to know how much amount can be withdrawn from PF, its criteria, rules, eligibility factors and …

Earning tax-free income means you can save big on your taxes. Did you know that multiple means help you do just that? From gratuity to income from agriculture, you can wisely safeguard such hard-earned money and use it for all of life’s upgrades and emergencies.  Keep reading to know more about these lucrative tax-free sources …

The Employee Provident Fund, or EPF, offers all employed individuals retirement benefits. For the Financial Year 2022-23, the Employees’ Provident Fund Organisation (EPFO) has announced that the interest rate will be 8.15% p.a.  Read on to know more about this EPF rate and its calculation. An Overview of the EPF Interest Rate in 2024 Here …

Before understanding ‘how to calculate bonus on salary’, you need to first understand the meaning of bonuses for employees. According to the Payment of Bonus Act 1965, all factories and establishments employing a total workforce of 20 or more employees need to pay a minimum bonus of 8.33% based on their total wages. These bonuses …

Are you wondering how to save tax on a ₹10 lakhs salary? This is a frequently asked question, and fortunately, you can discover the solution right here. The IT Department imposes taxes according to the relevant tax bracket. While paying tax is the responsibility of every Indian, it is also common for taxpayers to benefit …

Your financial habits will majorly impact your financial standing which is why maintaining healthy habits comes to the picture. This is true especially when it comes to your credit profile, as it can help you build a positive credit score. However, building a favourable credit profile is much more than spending and borrowing and doesn’t …