Best Performing ELSS Mutual Funds for Investment in 2018-19

Top ELSS Mutual Funds 2018-19
Equity Linked Savings Scheme (ELSS) is Tax Saving Mutual Fund Investment Scheme. The investment in the scheme is eligible for Income Tax Deduction U/S 80C up to the maximum limit of Rs 1,50,000/-. However, the maximum limit is inclusive of other investment schemes eligible for deduction under Section 80C. ELSS has the shortest lock in period of 3 years among other tax saving investment plans. The returns on the ELSS are market linked which is moderately volatile, but investment over…

Cryptocurrency Market: All You Need To Know

Cryptocurrency Market
Cryptocurrency is the new craze among millennials as digitization is impacting our lives in every which way possible. Eventually leading to advent of virtual currency which is regarded to be the substitute of fiat currency (Dollars, Euro, INR, etc). However, the Virtual Currency has created a lot of buzz and concerns at the same time as dealing in digital currency which is decentralized raises regulatory issues. The peer to peer based nature of transactions eliminates middlemen but also creates probability…

Small Savings Schemes Interest Rates Revised For 4th Quarter (January-March) Of Financial Year 2017-18

Small Savings Scheme Interest Rates
Government has revised the popular Small Savings Schemes interest rates for the 4th Quarter of the Current Financial Year 2017-18. Last Year, Government had decided to align the small savings schemes interest rates with the relevant market rates of Government Securities. The rates are now recalibrated every quarter in order to maintain it at par with the current market rates. The interest rates on Small Savings Schemes are slightly higher as compared to rates offered by Banks. The Central Bank (RBI)…

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…