All the companies (establishments) which employ 20 people or more have to compulsorily deposit EPF dues every month. After deducting the Employee Provident Fund from the employee’s salary, the employer HAS to deposit the money with EPFO (Employees Provident Fund Organization). It is a crime if an employer does not deposit the EPF money. An employer can be jailed […]
Real Experiences
12 Golden Rules To Ensure Safe Online Payments!
With the Indian e-comm space on a constant spree of expansion and acquisitions, more and more Indian consumers are shifting away from the traditional way of shopping at brick and mortar stores to shopping at these online virtual malls. This, along with demonetization has led to a sudden rise in the number of digital payments […]
5 Practical ways to increase your Take Home Salary (Pay)!
It is surprising that how a simple question like – “Are you satisfied with your take-away salary?” can make 70% of the people answer in a resounding ‘NO’. They believe that even after working with a lot of dedication and perseverance, the pay they receive is demotivating. If you are one of those people too, […]
Here’s how much Money you should have Saved at every age..!
Here is one of my favorite Chinese Proverbs that can be very inspiring for Investors –“The best time to plant a tree was 20 years ago. The second-best time is now.” Start investing as much early as you can and you will enjoy the real magic of –Power of compounding. The greatest advantage that you […]
Its Fantastic Four! Celebrating my Fourth Blogging Anniversary | Thank you, One & All
Happy 4th Blog Anniversary! Today I am celebrating the launch of ReLakhs.com like I do every year in June. Each blog anniversary is a huge milestone for me and the 4th birthday is no exception. I always have this strange perception/feeling that something is going to happen in June. The major turning points of my life have […]
What happens to EPS on Transfer of EPF account (or) when you switch Jobs?
If you are a salaried individual and contribute to EPF scheme then you must be aware of the fact that that every month 12% of your “salary” is contributed towards EPF account. Your total monthly contribution is routed towards Employees’ Provident Fund. Your employer also contributes 12% of the salary to your EPF a/c. But […]