POSTAL INSURANCE PLAN ========================================================================= Introduction Postal Life Insurance (PLI) was introduced on 1st February 1884.It started as a welfare scheme for the benefit of postal employees and was later extended to the employees of the Telegraph Department in 1888.It is the oldest life insurer in this country. Over the years, PLI has grown substantially from a few hundred policies in 1884 to more than 50 Lacs policies as on 31.03.2021. It now covers employees of Central & State Governments, Defence and Para-Military Services, Public Sector Undertakings, Banks, Educational Institutions, Local Bodies, professionals (such as doctors, engineers, chartered accountants, MBAs, lawyers etc.) and employees of companies listed with National Stock Exchange (NSE) / Bombay Stock Exchange (BSE) Whole Life...
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LABOUT TURNOVER RATIOS Meaning of Labour Turnover Labor turnover is a metric that measures how often employees leave and join a company over a given period of time. It's usually calculated as a percentage and can be differentiated between annual and monthly calculations. Interpretations of Labour Turnover High percentage of labour turnover denotes that labour is not stable and there are frequent changes in the labour force because of new workers engaged and workers who have left the organisation. A high labour turnover is not desirable . The formula Labor turnover = (number of employee departures / average number of employees) x 100 Methods of Calculating Labour Turnover Ratio
TIPS for taking the Campus Interview: Tips for Commerce students 1. Understand the Company : Research about the company thoroughly - its business model, service offerings, industry verticals , recent developments, and the role you are applying for . This will help you speak knowledgeably about the company during the interview. 2. Brush up on Fundamentals : Ensure you have a strong grasp of core commerce subjects like accounting, finance , economics, business laws, and statistics. Be prepared to answer questions that test your conceptual understanding. 3. Develop Relevant Skills : In addition to technical skills, company will look for problem-solving abilities, analytical thinking, communication, and teamwork. Highlight any relevant internships , projects, or extracurricular activities that demonstrate these skills. 4. Prac...
UNION BUDGET 2023-24 AND BENEFITS FOR SALARIES CLASS Introduction Whenever the budget presentation is scheduled, lot of speculation takes place in the share market. The Expectation as to increase in prices and decrease in prices of products. But for the salaries section, the expectation would be increase in 80 C limit(saving and investment).As usual this budget has no place for the increase in 80 Limit, but other happy news for the salaries class to get their tax burden reduced. Standard Deduction Standard deduction can be availed under section 16 (i) of Income Tax Act 1961. It is to be deducted from gross salary as shown below: Current Standard Deduction Proposed Standard Deduction Salary Taxable allowances Taxable perquisites XXX XXX XXX XXX XXX XXX GROSS SALARY Less: Deduction u/s 16 i)Standard deduction ii)Entertainment allowances ii) Tax on Profession ...