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UNDERSTANDING SALARY-SLIP

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 A lot of people do not properly understand the components of salary they are being offered in their job. Let us understand them: Suppose your company offered you a package of 12 lakhs per annum. The following main components will be part of your salary or your salary slip: 1) Basic salary 2) House rent allowance 3) Leave travel allowance. 4) Employee Provident fund 5) Gratuity. 6) Professional tax. 7) Income tax deductions 8) Other variables like Overtime, transport allowance, night shift allowance, bonus, meal allowance etc. Let us take an example your package is 12 lakhs per annum. This does not mean you will get 1 lakh every month. This 1 lakh will get divided into these components. Let us understand in detail what these components mean: 1) Basic salary- This will be the basic salary that you will get straight every year. Let us suppose it is 50,000. This you will get every month. 2) House rent allowance- This also you will get every month. Let us suppose this will be 15,000 but th
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Starting To Invest.

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How To get started with Investing? If you cannot explain it simply, you dont understand itbwell enough- Einstein Nowadays, investing has been made very easy. A hell lot of apps are available which are very safe and easy to use even for people who are just beginning their investment journeys. Apps like Zerodha, Groww, etc. are commonly used apps that have revolutionized the investment stories of India. Unlike earlier times, when you had to open an account with a broker and had to handle all the paperwork and also had to pay money, these apps hardly need any paperwork, and a very small amount of money as fees is charged which is negligible. As I use Zerodha for my investments, I will provide a guide for this app. This app is very simple to use and currently has the largest market share of all authorized investment-related apps in India. It is very trustworthy, very easy to use and very cheap. But before we move towards using the apps, let us understand a few terms: Demat Account: It is t
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JAPAN-INDIA relations (between 1945 to 2000.)

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We have heard a lot about the ever-improving relations in the last decade between India and Japan.  Both these countries consider each other very close allies and have a lot of deals and investments going on between them. But the history of relations between these two nations was not always like this. Let us see in detail how far both nations have come together. India and Japan started their new journey at almost the same time. India got independent in 1947 and Japan moved out of war and atomic bombing in 1945. Although for India and Japan, the timing of their new journey was the same, the circumstances and situation were completely different, in fact, the polar opposite. India had emerged victorious from its colonial past, defeating colonialism. Japan was a former colonizer who had suffered a humiliating defeat in the war. So, their approach to their new journey was also completely different. India took the high ground, proudly thumping its chest on world matters, trying to represent
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The Pleasure Of Walking Tall.

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This article has been taken from the internet from the First Federal Savings and Loan Association Of St. Petersburg. Your savings, believe it or not, affect the way you stand, the tone of your voice, and your physical self-confidence. A man without savings is always running. He must. He must take the first Job offered, or nearly so. He sits nervously on life's chairs because any small emergency throws him into the hands of others. Without savings, a man must be too grateful. Gratitude is a fine thing in its place. But a constant state of gratitude is a horrible place in which to live. A man with savings can walk tall. He may appraise opportunities in a relaxed way, have time for judicious estimates, and not be rushed by economic necessity. A man with savings can afford to resign from his job if his principles so dictate. And for this reason, he will never need to do so. A man who can afford to quit is much more useful to his company, and therefore more promotable. He can afford to
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Understanding Credit Cards, EMI and loans.

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Let us understand the usage of credit cards in a country like India.   A lot of people use credit cards for buying things even if the thing is not affordable to them. A lot of people say that credit cards are good if you use them intelligently and judiciously. You get cash back, rewards points, free tickets, and other offers. Great to hear and think that I will use credit cards only when needed and extremely cautiously.  But the reality is  DO NOT USE CREDIT CARDS. I REPEAT, DO NOT USE CREDIT CARDS. You do not need it, no matter what anyone says or how many benefits of credit cards you read or come to know about. Let us understand a few basic points about Credit Cards: It's a type of card you can purchase whatever you want through that credit card (upto a certain limit), without having money in your bank account. The bank pays for you. But, you'll have to pay the sum you used to the bank after a specific time. Imagine, Amit purchases a credit card from HDFC Bank on 1st January
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