Diwali Bonus

Maximize your Diwali bonus by striking a balance between celebrations and financial goals. Allocate wisely, budget, pay off debt, and invest for a secure financial future

Your Diwali gift and bonus can be taxable: Know ways to avoid it

Diwali gifts and bonuses can be taxable under the Income Tax Act. To avoid paying this tax, you can claim exemptions, structure gifts wisely, opt for non-cash gifts, contribute to charity, or consider salary sacrifice. By following these tips, you can enjoy the benefits of Diwali gifts and bonuses without unnecessary tax burdens.

How to calculate central government Diwali bonus

The bonus is usually paid before Diwali and can be affected by absenteeism, policy changes, or pro-rata adjustments for partial service.

Know Your Rights 8: Is it compulsory for employers to give a bonus?

Ever wondered what to do if your employer denies a bonus? Find out in the eighth episode of 'Know Your Rights' as we delve into the details of the bonus act. Watch now!

Why techies are forced to put in Narayana Murthy hours while others gear up for Diwali

While all techies are affected by the increased workload during the festive season, software developers, system engineers, DevOps engineers, and IT support staff are under increased pressure because they are responsible for critical tasks that cannot be delayed

Employees in FMCG, manufacturing may get higher Diwali bonus this year

While it is not mandatory for companies to reward employees for their hard work, those in the IT and education sectors may not be as lucky this year.

Festive Finance: Is Diwali Bonus on the way to employees’ pockets?

Looming expenses, from fireworks to lavish meals to gifts, brings in a tinge of worry to an otherwise joyous time. This worry can and often is assuaged by the bonus that usually comes at this time of the year.

Use Diwali bonus to prepay your home loan and become debt-free sooner

If you pay EMIs on multiple loans, it makes sense to use your Diwali bonus to pay off your credit card and unsecured loans first. Your home loan should come next. But there is also a way to become debt-free sooner without waiting for your Diwali bonus.

MSRTC's 87,000 employees to get Rs 5,000 in Diwali 'gift'

“The state government has given Rs 45 crore financial aid,” the MSRTC stated in a release.

Diwali 2022: Chennai businessman gifts cars, bikes worth Rs 1.2 crore to staff as bonus

"This (the bonus) is to encourage their work and add something special to their lives. They have worked with me in all ups and downs in my business and helped me earn profits," owner of Chalani Jewellery Jayanthi Lal Chayanthi said.

Cabinet to approve Diwali bonus equal to 78 days' wages for railway staff: Sources

In 2019-20, the Indian Railways had given its nearly 11.58 lakh non-gazetted employees a bonus of 78 days amounting to a total of Rs 2,081.68 crore.

Five ways to use your Diwali bonus wisely

Diwali bonus if used wisely can leave a positive impact on your money matters.

Things to know before investing in festive season

This year‘s different gift could be starting a tradition for your family. Instead of a ‘Made in China‘ toy or other bauble, or even buying a single stock, present each member of your household with a portfolio managed by experts – through a mutual fund.

Five ways to put your Diwali bonus to good use

The sudden cash should not be a spent on shopping and fun. A large chunk of this yearly cash inflow should be invested in the right products.

Diwali Bonus: Don't Be A Cheapskate

Now is not the time to play Scrooge. Even small entrepreneurs can reward their employees with a generous Diwali bonus.

How to utilize Diwali Bonus in a prudent way

Festival of Diwali is a joyous moment for all of us especially for employees as they receive Diwali bonus from their organization. This additional money received is like a cheery on tip of a cake. However, many a times, this bonus is spent on impulsive buying. Jitendra Solanki shares few tips with on how to utilize Diwali bonus prudently.