Benefits Calculation Under Gratuity Act

Benefits Calculation Under Gratuity Act
Gratuity is provided to Employees in recognition of their service rendered to the Organization. The minimum tenure of service to be eligible for Gratuity is 5 years (4 years and 240 days). Benefits Calculation Under Gratuity Act is simple and easy to understand. In my earlier post I have discussed about the Gratuity Act, 1972 and the salient features of the act. Here I would discuss the calculation of Gratuity and Tax Liability on the same. Refer to the link…

Payment of Gratuity Act

Gratuity Act
Gratuity is a benefit extended to the Employees in gratitude of the service rendered to the Organization/Employer. Gratuity like other Statutory Benefits like Provident Fund and Pension Fund is received by the employee at the end of their employment tenure. Gratuity Act was introduced in 1972 as Payment of Gratuity Act, 1972. However in the Appointment Letter, Annual Increment letter you will find CTC includes the Gratuity as well. In fact, while arriving at Cost to Company (CTC) for an…

Short Term Capital Gains: All You Need To Know

Short Term Capital Gains
Capital Gain Capital Gain is the appreciation in value of the asset over a period of time when compared to the purchase price. The Gain is realized only at the time when the asset is sold. This post discusses about Short Term Capital Gains. Any Profit or Gain arising out of transfer of capital asset held in form of investment (including real estate or stocks) is known as Capital Gain. The gain or profit is charged to Capital Gains Tax…

Xiaomi Redmi 5A: Launched at Introductory Price of Rs 4,999/-

Redmi 5A
Xiaomi (Mi) has announced their latest Budget end smartphone Redmi 5A in India, earlier today. The phone is latest to join the strong budget line up for Xiaomi. Recently, Xiaomi had launched a camera centric budget phone the Redmi Y1/Lite starting from Rs 6,999/-. Mi is known for launching value for money devices in the budget segment which has helped it gain the top position in terms of market share in India. Mi India aims to expand their base even…

Employees’ Provident Fund (EPF) Online Grievance Management System: EPFiGMS

Employees Provident Fund internet Grievance Management System (EPFiGMS)
Subscribers to Employees’ Provident Fund (EPF) have the option to lodge complaint pertaining to their PF account through the Online Grievance Management portal for prompt action. Subscriber may easily register their complain online and monitor the status on the portal. The process to register the grievance is very simple and easy. However, for registration of any grievance, Subscriber is required to provide their respective valid Unique Account Number (UAN). The portal provides direct platform to the Subscribers to raise their…

Moto X4 Launched In India

Moto X4 Launched in India
Lenovo owned Motorola has finally launched the Moto X4 in India. The phone had already been launched globally earlier, in Berlin. However, the Indian launch got delayed by couple of months.  The phone will be sold exclusively via Flipkart and also Moto Hubs. Moto X4 will go on sale from midnight today itself. The phone starts from Rs 20,999/-for base variant, thereby making it a premium mid range smartphone. The phone comes with new Snapdragon chipset along with some additional…

Twitter Expands Character Limit to 280 for Users

Twitter Increases Character Limit
Twitter has formally announced the doubling of character limit for majority of its users through a blog post on Tuesday. The limit has been doubled for most of the languages were the need was felt to provide more spaces for expression. However, Chinese, Japanese and Korean language has not been provided the benefit of the increased limit as they require lesser space to convey as compared to other languages. The revision in limit will be rolled out over the next…

BSNL to Upgrade Broadband Initial Base Speed Limit to up to 10 mbps

BSNL Broadband
State owned Telecom Company BSNL has decided to upgrade the Broadband Speed limit starting 1st November, 2017. The speed is set to be upgraded across all unlimited plans to 8 mbps and 10 mbps respectively, subject to technical feasibility. The revision is applicable on pan India basis and is available on both DSL (Digital Subscriber Line) and FTTH (Fiber to the Home) plans. This is welcome news for the BSNL subscribers as it will boost data transfer speed in the…

Mi Band HRX Edition: Review

Mi Band HRX Edition Review
Xiaomi (Mi) had launched the Mi Band HRX Edition in India last month in collaboration with Hrithik Roshan. The Band is similar to the Mi Band 2 launched last year, however, the Heart rate sensor is absent in the latest edition. The fitness band is available online for just Rs 1,299/- on Mi India, Flipkart, Myntra and Amazon portal. The device is also available offline through Mi Home stores. The device has been priced pretty competitively in my opinion. https://youtu.be/m8yp63-Ttks…

Budget Bluetooth Speaker: Mi Bluetooth Mini Review

Mi Bluetooth Speaker Mini
Xiaomi (Mi) apart from Smartphones, also brings in some of the accessories and Digital products into the Indian market. Recently, I had the opportunity of try out one such product. I got the Mi Bluetooth Speaker Mini while I was looking for a compact wireless speaker to be paired with my laptop and smartphone. Please do check out the Unboxing and Performance Test video on my Youtube Channel. The link is provided below. https://youtu.be/XDRNzMwadNU About the Device Mi Bluetooth Speaker…