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National Savings Certificate (NSC) – Eligibility, Interest Rate & Benefits

Employee Support

The National Savings Certificate (NSC) is a robust financial instrument initiated by the Government of India. This fixed-income investment,...
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ELSS Funds – Features and Investment

Business Enablement

Understanding the tax implications of your investment decisions is a critical aspect of financial planning. Overlooking the tax...
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Senior Citizen Savings Scheme (SCSS) – Meaning, Features & Eligibility

Employee Support

In a great move, Budget 2023 has ushered in a transformative change for senior citizens in India by enhancing the maximum deposit limit in...
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Wealth Creation – Meaning, Importance, and Tips

Employee Support

If we refer to the dictionary’s definition of wealth, it signifies abundance. In the context of money, it translates to having an...
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Salary Breakup Structure – Format & Calculation

Payroll Glossary

A salary breakup structure, also known as a CTC (cost-to-company) breakup structure, is a comprehensive breakdown of the various components...
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Salary Increment Letter Format & Samples – Complete Guide

HR Glossary, HR Templates

A salary increment letter formally requests the employer to raise your current salary. This letter should be concise and professional...
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Compound Interest – Meaning, Definition and Formulas

Business Enablement

Upon perusing our bank statements, we often discern varying interest credited annually. This isn’t simple interest; it’s...
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Assessment Year (AY) – Meaning & Definition

Business Enablement

The Assessment Year is an important concept to understand while navigating the intricacies of income taxation. Following the conclusion of...
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What is Human Resources (HR)? Meaning and Responsibilities

HR Glossary

The role of HR stands as a bridge between organisational growth and employee well-being. Beyond the conventional image of merely handling...
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Old vs New Tax Regime – Which is Better?

Employee Support

The recent Budget 2023 has given rise to a myriad of uncertainties among taxpayers, prompting a crucial evaluation of the choice between...
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