Finance Blogs

An unprecedented worldwide lockdown is a history in the making. Extremely rare events such as this are witnessed only once in a lifetime or two. Although this is a very difficult time, with the Indian lockdown being extended once already to 3rd May 2020 and on the verge of being extended again, it is time …

We don’t need a survey to gauge how many salaried individuals would like to earn more by saving on their taxes. A key issue expected during every annual budget proceeding in the parliament involves some leeway on the income tax levied (like the new slabs introduced in Budget 2020).  As HR professionals, we’re entrusted with …

Medical casualties aren’t the only consequences of the Coronavirus pandemic. The economic damage, its impact on our mental state, interpersonal relationships, and communities at large – they’re all victims. This isn’t surprising to all of us. A few years go, Bill Gates, described his biggest fear in an interview with Vox. He was highly concerned …

Choosing between the old and new taxation regimes in India is a crucial decision to make since they have different impacts on your tax liability. While the old regime has its perks in the form of 70+ deductions and exemptions, the new tax regime offers some great benefits, too. To understand what both these regimes …

Since the outbreak of the COVID-19, it is not just the hospitals that have been gripped by the pandemic. Millions of jobs have been staggered due to the nationwide lockdown. The overall job market is set to undergo changes post normalization and find new ways to attract, hire and retain new talent. Traditional human resources …

With the global breakout of the COVID-19 pandemic, the Reserve Bank of India has taken an important decision with the objective to reduce the financial burden of debt servicing. As per the RBI order, all lending institutions have been permitted to give a moratorium or an EMI holiday to their borrowers for loan repayments and …

In India, there is a prominent connection between the auspiciousness of a festival and managing one’s finances. March end witnesses the closing of balances and accounts in firms and institutions all across India. In comes April, and we ready ourselves to begin anew our financial planning standing at the threshold of the New year as …

Money worries have been a part and parcel of life ever before we shifted from the barter system to the more convenient currency system. It’s especially for young adults, who are relatively new to managing money as they begin their careers. Unfortunately, this often results in stress, anxiety and an overall discomfort we’d rather not …

With the recent controversies surrounding Yes Bank, and the Government of India stepping in and placing the bank under the moratorium, many of us are understandably wondering if our banks are indeed safe. The depositors of Yes Bank have been subjected to a maximum withdrawal limit of INR 50,000 (till 6th of April 2020). This …

As we celebrate Holi, the festival of colors and joy, we at EarlySalary want to ensure your finances remain colorful too! Some basic practices, which when applied and practiced regularly, can go a long way in ensuring you don’t fuss about your future and your retired life, even if you’re living on a modest pay …