How often do we dream about early retirement in India ? Usually this feeling kicks in since we are generally surrounded in a stressful environment and we look for opportunities to take a break from them. The more commonly used terminology is “taking Sanyas” or moving up the hills to lead a peaceful stress free life. Have…
How to calculate gratuity amount using gratuity formula in 2018? The latest amendment bill increased the new limit of gratuity to Rs. 20 lakhs in March 2018. This article covers Gratuity Formula – Last drawn salary X years of service X 15/26. Gratuity New Limit – Rs. 20 Lakhs Gratuity Eligibility – 5 Years of Services…
Reverse mortgage in India is slowly but surely becoming an acceptable means for the elderly to lead a dignified life through income from the home that they once built while they were earning. Mr. Menon has been retired for almost a decade now and has been living a peaceful life with his wife. However with…