What Is Gratuity Tax & How to Save Tax on Retirement Benefits?
Many employees believe that all retirement payouts—gratuity, pension, and PF—are tax-free. The truth? It’s more nuanced. This guide will walk you through what’s tax-free, what’s partially taxable, and how to plan smart for your golden years. 1. What Is Gratuity? Gratuity is a one-time lump sum your employer pays you as a gesture of gratitude for long-term service—typically after at...
How To Claim Term Insurance After Death
Losing someone dear to you is never easy. On top of the emotional toll, handling financial matters like claiming term insurance after death can feel overwhelming. But don’t worry—you’re not alone in this. If your loved one had a life insurance policy, you are entitled to the benefits, provided you follow the right process. To make things easier, we’ll walk you through the stepwise...
Gopal Snacks Limited IPO (Avoid)
Highlights Issue Size –: 16,209,476 sharesIssue Open/Close – 06 Mar / 11 Mar, 2024 Price Band (Rs.) 381 – 401 Issue Size (Rs.) – 6,500 mnFace Value (Rs) 1Lot Size (shares) 37 Gopal Snacks Limited (GSL) incorporated in 2009, is a FMCG company in India that offers ethnic snacks, western snacks, and other products in ten States and two Union Territories as of...
Fedbank Financial Services Ltd. (Avoid)
Highlights Issue Size –: 78,073,810 sharesIssue Open/Close – 22 Nov / 24 Nov, 2023Price Band (Rs.) 133 – 140Issue Size (Rs.) – 10,922 mnFace Value (Rs) 10Lot Size (shares) 107 Fedbank Financial Services Limited (Fedfina) incorporated on 1995 which is promoted by the Federal Bank Limited is a retail focused non-banking finance company (NBFC) that caters MSMEs and the emerging...
How to use the Fintoo Chatbot for managing your money?
You might have already heard the story of the ant and the grasshopper. To sum it up, the ants planned for their future by managing their resources efficiently, whereas the grasshopper was simply careless about his future and his lack of planning caused him to suffer in the end. It usually takes so little to begin planning for your future. But often money management gets overlooked. Whether...
3 Things To Prepare For An Emergency Like Covid.
“It’s better late than never” The pandemic has made us realize this, isn’t it? Many people across the globe lost their jobs overnight due to a sudden economic slowdown. Many enterprises have faced an existential threat leaving people jobless. Whether billionaires, millionaires, rich or poor, no one has remained unaffected by this unexpected and unbelievable pandemic. Amongst all, the...
Health Insurance part of Your Retirement Planning?
The wealth earned by us is indeed determined by the quality of our health. The increasing medical costs makes it extremely difficult to sustain the corpus acquired by us throughout our life if we do not make adequate planning for health insurance. This is why financial planners focus on the importance of health insurance in retaining the viability of your long run financial goal. For...
How To Improve Your Savings
Savings and investment can be boosted up easily either by increasing your income or cutting down on expenses. Whether you are on the brim of retirement or a fresher who has just started with his work tenure with a big MNC, savings remains to be the ultimate goal during all stages of our life. Contrary to popular belief, even 100 INR saved today can go a long way in adding to your corpus if...
5 Essentials of a Financial Status Check List
When it comes to assessing our financial strength and weakness, many of us just remain clueless. It is partially because we are not aware of the importance of such an evaluation. Another reason for such ignorance is probably that we do not know where to begin with. Before everything else, we should know the consequences of not doing an analysis of our financial strength and weaknesses....