Professional Tax: Procedure and Guidelines

Professional Tax
Professional tax is levied by the State Governments in India on salaried individuals, working in government or non-government entities, or in practice of any profession, including chartered accountants, doctors, lawyers etc or are involved in business. Professional Tax is levied by the respective States. States were conferred the power of leveling the Tax under Clause (2) of Article 276 of Constitution of India,1949. The rate at which Professional tax is charged is based on the Income Slabs set by the…

Performance Management System (PMS): Challenges and Need

Performance Management System (PMS)
Performance Management System (PMS) is the strategic process by which an organization measures the performance of the employees in order to reward their contribution towards the organization growth and success. Organization constantly strives to improve the efficiency of the employees in order to develop their skills and managerial capabilities. This would allow the organization to achieve its “Vision” through the “Missions” laid down. Performance Management System (PMS) has gained significance with the rise in demand for niche skills and evolution…

Ways To Earn Money Online!!!

Ways to Earn Money Online
Everybody wants to be rich and earn money to fulfill their basic as well as luxury needs. However, earning money is not easy as it requires great deal of hard work, perseverance and patience to achieve. Earning legit money adopting ethical practices may seem tough initially but it is the only way one can succeed in the long run and lead a good life. Growth of digitization offers wonderful opportunity to the young and old alike to earn money online…

Employees’ Deposit Linked Insurance Scheme (EDLI), 1976

EDLI
Employees’ Provident Fund (EPF) and Employees’ Pension Scheme (EPS) are the Social Security Welfare measures adopted by the Government in the best interest of the individuals. Employee Deposit Linked Insurance Scheme (EDLI) was launched as a Statutory Benefit applicable to all the Employees covered under the Employees Provident Fund and Miscellaneous Provisions Act,1952. EDLI is the Life Insurance cover extended to the Employees and is payable to the nominee in case of death of the subscriber while he/she is subscriber…

Withdrawals And Advances Under EPF

Withdrawals and Advances
Subscribers to Employees’ Provident Fund (EPF) are eligible for Withdrawals and Advances subject to fulfillment of certain conditions relating to service and purpose for availing it. Subscribers may also apply for Withdrawals and Advances online through the EPFO’s unified portal. Members of EPF are required to log on to the EPF Members portal using their UAN and Password. After logging on to the Member Interface, Subscriber is required to go to "Online Services" Section and apply for claim under the…

Types Of Mutual Funds: Plan Your Investment

Types of Mutual Funds
Mutual Fund is considered to be an ideal investment instrument for individuals/retail investors. The professional management of fund along with proven past record does instill confidence in the fund. However, Mutual Funds are subject to market risk and fluctuations. To overcome the fluctuations and mitigate the associated risk, Mutual Funds allow investment in diversified asset classes. There are various types of Mutual Funds for prospective investors. Based on the future financial goals and tenure of investment, Individuals may consider following types…

Mutual Fund: All You Need To Know

Mutual Fund
Mutual Fund was first setup in Indian in 1963 with the creation of Unit Trust of India (UTI) and it enjoyed the monopoly through chain of financial intermediaries and amassed around Rs 6800 crores of assets under its Asset Management setup. Later on other Public Sector Units like Life Insurance Corporation (LIC), Banks, General Insurance Corporation (GIC) were allowed to enter the Mutual Fund Market. However with the creation of SEBI in 1993 the private sector players were also allowed…

Redmi Note 5 or Redmi Note 5 Pro: Should You Upgrade?

Redmi Note 5 and Redmi Note 5 Pro
Xiaomi has announced their latest phones for the Note Series, Redmi Note 5 and Redmi Note 5 Pro. The Redmi Note 5 and Redmi Note 5 Pro will be available on flashsale from 22nd February,’18 on Flipkart and Mi India portal. Xiaomi has priced the device extremely competitively and naturally buyers are excited about the latest handsets. Both the devices are expected to do well especially the Redmi Note 5 Pro which offers impressive hardware specs at a very reasonable…

Xiaomi Mi TV 4 Launched in India

Mi TV 4
Xiaomi has finally launched their first Mi TV in India. Over the years, Xiaomi has been bringing in new innovative products to India and Smart TV is the latest to join the list. The Mi TV 4 was announced at the CES 2017 last year and has already been launched in China. The Mi TV 4 will help Xiaomi to set their foot in the electronic appliances segment in the Indian market, enabling them to expand their portfolio and customer…

Redmi Note 5 and Redmi Note 5 Pro Launched in India

Redmi Note 5 and Redmi Note 5 Pro
Xiaomi has finally announced their much anticipated smartphone of 2018 in India, the successor to the Redmi Note 4. This is also the Global launch of Redmi Note 5 (similar to Redmi 5 Plus launched in China last year) and Redmi Note 5 Pro, since it has not been unveiled in any other region, including China. However, unlike the previous editions, this time 2 variant of the Note series has been launched. Redmi Note 5 and Redmi Note 5 Pro,…