Don’t ignore! It is very important to insure income that your earn

Don’t ignore! It is very important to insure income that your earn

What is our greatest asset? Not our house, new car or investments – our ability to earn an income is the greatest asset. No one’s income is ever quite sufficient for his wants. Yet, our regular income, be it in form of salary, rent or consultancy fees, is the single-most important driver of economic independence. Income-less for just one month can be a disturbing experience, emotionally as well as financially. With the opportunity to earn being mostly time-defined, it is important for us to protect that income. Let us understand…

Read More

Waiting for your first salary of FY18? Let it set the tone for your financial goals

Waiting for your first salary of FY18? Let it set the tone for your financial goals

Using the money to spend and invest wisely could set the tone for an improved financial portfolio for the future   Your first salaries for the fiscal 2017-18 will be paid out within the next few days. Spending and investing the money wisely could set the tone for an improved financial portfolio for rest of the year, and also for the long-term. “Starting early and being consistent with investments is the best way to build assets and wealth,” says Anil Rego, CEO & Founder of Right Horizons Financial Services. Rego provides some…

Read More

Anxious about the Appraisal? – Stay prepared for a poor pay hike.

Anxious about the Appraisal? – Stay prepared for a poor pay hike.

It cannot be denied that the Appraisal season brings with it uneasiness and anxiety. This year around macro and micro economic changes has the staffing and hiring managers expect poor or no hike for employees. This sentiment is prevalent across the IT, Telecom, real-estate and start-ups as reported in the Economic Times Wealth, February 2017. If you are wondering about the relation these macro and micro economic factors have on your performance, then that’s a question no business leader would be able to answer. However, employers always try to retain…

Read More

Are you prepared for a poor salary increment?

Are you prepared for a poor salary increment?

For most, appraisal season brings along a sense of nervous optimism. This year, hiring and staffing managers are expecting poor appraisals for employees in several sectors including IT, telecom, real estate and startups, due to micro- and macroeconomic factors. Further, employers are under extreme pressure to retain the best in the firm with adequate growth in their appraisals, considering the future prospects of the business. This means that there might not be enough to go around, and your salary hike could turn out to be disappointing. While you can’t do…

Read More

Contingency Fund is critical for Every Salaried Individual

Contingency Fund is critical for Every Salaried Individual

Losing job is a reality, have a Contingency fund to keep you afloat Nishant Mongia, a 40-year-old software professional, woke up to a call on a Monday morning from his office telling him he was out of a job. Mongia, the only bread earner in his family, had no clue what to do as he had not made provision for a contingency fund.   With permanent jobs becoming a myth, this is a situation many people fear. Most experts say keeping an ‘Emergency Fund’ or a ‘Contingency Fund’ is the…

Read More

E-filing your returns: Here’s a quick guide as the July 31 Income-Tax filing deadline nears

E-filing your returns: Here’s a quick guide as the July 31 Income-Tax filing deadline nears

Get setup quickly and easily for E-filing of Income Taxes Anyone earning Rs 5 lakhs or above can log onto http://incometaxindiaefiling.gov.in/ and create an account using their PAN number. Once this is done, the person has to login to his or her account to proceed to file for tax returns. It is best to read the instructions provided before filling up the forms and filing for tax returns. Step 1: The first step is to choose the correct income tax return (ITR) form. It is ITR-1 for all salaried individuals….

Read More