Author: Ankit15

Gratuity is a statutory retirement benefit offered to employees in India under the Payment of Gratuity Act, 1972. It is essentially a token of gratitude provided to employees for their long-term service in the company, payable at the time of resignation, retirement, or death. However, sometimes employees face challenges in claiming gratuity when their employers fail to cooperate or provide the necessary documentation. This article provides a detailed guide on how to claim gratuity without employer support, the steps involved, applicable calculations, and insights on the income tax exemption on gratuity. Understanding Gratuity Gratuity Amount = (Last Drawn Salary ×…

Inflation gradually reduces the purchasing power of money over time. A systematic investment plan, often referred to as SIP, is one approach used in mutual fund investing to make regular investments. Understanding what is SIP and how it works can help explain how long-term investing may address the effects of inflation. What is SIP in mutual fund investing A systematic investment plan is a method of investing a fixed amount regularly in mutual funds. Instead of investing a large sum at once, the investor contributes smaller amounts at predetermined intervals, usually monthly. Each contribution is used to purchase units of…