GOT A SALARY HIKE? HERE’S WHAT YOU SHOULD DO

Salary hike is like a sibling. Everybody wants one, but no one’s happy with it. Whatever hike you got, if you do these simple things with it, we promise it will make you happy.

DID YOU REALLY GET A SALARY HIKE?

Never measure your salary hike in percentage. Always ask for a salary structure. Check what component of your salary has increased and what are the tax implications. If your take-home is coming to the same amount, ask HR to restructure your salary to cut down on taxes.

INVEST MORE

Never measure your salary hike in percentage. Always ask for a salary structure. Check what component of your salary has increased and what are the tax implications. If your take-home is coming to the same amount, ask HR to restructure your salary to cut down on taxes.

EMIs ARE YOUR ENEMIES

You end up paying 20% interest pa if you took a personal loan and 40-45% if you took it against credit card. Try repaying your loans. Ask them to increase your EMIs, so you can pay it all quicker and save interest.

BUILD EMERGENCY FUNDS

Don’t treat your investments as emergency funds. If you withdraw money when the markets are bad, you will end up making losses. It’s important to save some money for any emergencies in life.

GOOD KARMA

Donate more for a cause and earn good karma. But this time, Karma will give you money. Because you are eligible for deductions up to 10% of the donor’s adjusted gross total income.

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*Mutual fund investments are subject to market risks, read all scheme related documents carefully.

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