Small Savings Scheme Comparison: KVP, NSC, PPF, SSY, SCSS, Tax Saver FD

KVP, NSC, PPF, SSY, SCSS and Tax Saver FD
Investment in Small Savings Scheme yields guaranteed returns. Individuals invest in small savings schemes not only for guaranteed returns but also with the objective of saving tax. The interest is declared on quarterly basis on Small Savings Schemes. The Public Provident Fund (PPF), National Savings Scheme (NSC), Kisan Vikas Patra (KVP), Sukanya Samriddhi Yojana (SSY) and Senior Citizen Savings Scheme (SCSS) are some of the popular small savings schemes. In this post, comparison between KVP, NSC, PPF, SSY, SCSS and…

Best Stock Trading Apps and Platforms in India

Stock Trading Apps and Platforms in India
Technology has come a long way in the last decade or so to impact our daily lives in every which way possible. Technological upheaval has impacted the business and the economy in a big way. Take for example the Financial Services industry, the technology has completely changed the way business runs. A new term has emerged in the world of finance, “FinTech”, implying Technology aided Financial Services. End Consumers are the ones to benefit the most from such disruptive technological…

Strategic Human Resource Management (HRM): Role and Impact On Performance Management

Strategic Human Resource Management (HRM)
Organizations for long have tried to explore ways to develop an effective Performance Management System (PMS) which would be able to focus on bringing out the best in the Employees, allowing organizations to achieve its objectives as per the vision set for the same. Performance Management is most talked about aspect in Human Resource Planning and Management as it is seen as primary driver to attract and retain talent. However, in the modern scenario with organization adopting extensive technology driven…

Payment of Gratuity (Amendment) Act, 2018

Payment of Gratuity (Amendment) Act, 2018
The provisions under the Payment of Gratuity Act had already been discussed previously along with the details pertaining to the benefits and calculation of Gratuity under the Act. The links to the post is provided below. In this post, I will briefly discuss about the amendments made to the Act recently. Payment of Gratuity (Amendment) Act, 2018 came into force on 29th March, 2018. The amendment is a welcome move for the individuals as it enhances the maximum benefit under…

Public Provident Fund (PPF): Should You Invest?

Public Provident Fund (PPF) Investment
Public Provident Fund (PPF) is a small savings investment scheme for the Individuals. PPF yields guaranteed returns on the investment. However, the return is not as attractive as observed in the Equity Mutual Funds or other Securities linked investment plans. But with Long Term Capital Gains Tax (LTCG) being re-introduced on Equity Oriented Funds, it is time to revisit the investment schemes in the current Financial Year 2018-19. Interest Rates on Small Savings Schemes The LTCG tax does bring down…

Employee Life Cycle Management Modern Perspective

Employee Life Cycle Management
Human Resource Management (HRM) encompasses the Employee Life Cycle Management in an organization. Human Resource Personnel play a major role in facilitating the Employee Life Cycle process. Employee Life Cycle Management is the identification of stages an Individual goes through during his/her tenure in any organization. Human Resource Department has the role of enabling the entire process and ensuring that the transition into each stage is well defined and structured. However, in the changing Business Scenario and Economy, each stage…

Professional Tax Rates For The Financial Year 2018-19

Professional Tax Rates For Financial Year 2018-19
Professional tax is a tax levied by the various State Governments of India on salaried individuals, working in government or non-government entities, or in practice of any profession, including Chartered Accountants, Doctors, Lawyers etc or carry out some form of business. This form of tax is in practice for a long time and States were conferred the power of leveling the Tax under Clause (2) of Article 276. The Professional tax rates is based on the Income Slabs set by…

Balance Scorecard (BSC) Performance Management System

Balance Scorecard (BSC) Performance Management System
Balance Scorecard (BSC) is widely used as strategic business management and planning tool to analyze critical areas of business. BSC helps organizations to set the desired performance benchmark which would enable them to achieve pre determined Strategic Targets and gain competitive edge over the peers. Balance Scorecard (BSC) was introduced in the 1992 by Kaplan and Norton. Prior to it, an organization “Analog Devices” had designed something similar in 1987. BSC aims at providing a balanced perspective about the organizational…

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…