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 …
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Bonus Calculation as per Bonus Act 1965 states that every organisation with 20 or more employees must pay a minimum bonus of 8.33% of total wages. This bonus not only supports financial well-being but also improves employee morale and commitment. The Diwali bonus calculation generally depends on factors such as basic pay, eligibility, and a …
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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 …
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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 …
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