What is gratuity and how it is calculated?

What is gratuity and how it is calculated

What is gratuity and how it is calculated? Gratuity is the form of gratitude provided to employees in monetary terms for services rendered to the company. It is the important form of social security benefit provided as per Gratuity Act. Employees would get benefitted through Gratuity when they stay longer period in a company. In this article I would detail about what is gratuity, who is eligble for gratuity payment, how it is computed and how gratuity is taxed. Who […]

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Reverse Mortgage loan in India-Income post retirement for seniors

Reverse Mortgage loan in India-Income post retirement for seniors

Reverse Mortgage loan in India-Income post retirement for seniors Individuals would accumulative house properties during their life time. However post retirement, due to liquidity issues, Senior Citizens might not be able to utilize the benefits from such house property. Reverse Mortgage loan in India provides a solution for seniors. It provides income post retirement through Reverse Mortgage loan. This topic has been requested by Siri through a comment on one of the article. What is Reverse Mortgage loan? Govt. of […]

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Complete guide on New Pension Scheme (NPS) in India

New Pension Scheme (NPS) in India

Complete guide on New Pension Scheme (NPS) in India Govt. of India launched new pension scheme (NPS) in Apr 2009. NPS scheme has out beaten even equity markets and provided returns of 12% to 14% in 2012-13. Several people call with various names such as NPS, National Pension Scheme, National Pension system, New Pension scheme and New Pension system. Whatever name you call, NPS scheme is launched with an aim to promote security of income to Pension fund subscribers in old […]

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SBI Pension Plan Scheme-Annuity Plus

SBI Pension Plan Scheme-Annuity Plus

SBI Pension Plan Scheme-Annuity Plus SBI Life Annuity plus is traditional non-participating pension plan scheme. SBI Pension Annuity Plus offers annuity option with various flexibility features. After retirement, income of an individual stops and expense continues. Medical expenses need to be incurred. During that time, income from pension offers some kind of security to the retired individual to maintain similar standard of living. In this article we would discuss about SBI pension plan scheme-Annuity plus. Features of SBI Pension plan […]

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7 Ways to Invest Retirement Money in India

7 Ways to Invest Retirement Money in India

7 Ways to Invest Retirement Money in India Every individual worries about their retirement planning. At the retirement stage all financial goals would have been achieved. Income has stopped and expenses have inflated. Retirement corpus is received from various sources like Provident Fund, Gratuity, PPF and insurance policies matured. But one question remains in mind is where to invest such retirement money? Are there any best ways to invest such retirement money in India? In this article we would focus […]

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5 ways of financial planning for retirement

Ways of financial planning for retirement;  Why retirement planning important to us; Endowment plans for retirement planning; Retirement / Pension plans

5 ways of financial planning for retirement How many of us are doing financial planning for retirement? As per a study conducted in India, only 10% of the individuals are creating a corpus for retirement planning. Majority of individuals are thinking about retirement planning, just 5-6 years before the retirement age. Why retirement planning is important to us Every individual wants to have financial independence after retirement. However when individual’s income is under sun-set, raising medical expenses, emergency money requirement […]

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