If your email requires a response, a member of the team will get back to you when we reopen. Silk Sari Wrap Skirts. Dhanteras, also called Dhantrayodashi, is made upThis means, that any Diwali bonus from your company, if any, will be charged tax. Don’t keep high expectations because your organisation might be struggling this time, be realistic with your demands. This Diwali 2021, you can also make some drool-worthy treats at home. You need to target your unsecured loans such as personal loans and credit card dues, if any, first and then focus on secured loans such as home loans to. That’s the bare minimum every creator must do. 4. Congratulations to you too on this auspicious occasion of Diwali; Thank you for your wishes. As a result, Diwali is one of the best and most magical times of year to travel to India. May This Diwali be as bright as ever. Donate for a Mid-Day Meal. Related: A Guide for Writers: 13 Examples of Tone in Writing. Diwali Bonus. A Diwali bonus is a good opportunity to stash some cash in an emergency fund. Place diyas around the house and light them every evening to spread the warm glow of Diwali. Unless you have outstanding payments or debts that you need to clear, putting your Diwali bonus into lucrative. Help the less fortunate. com Oct 17, 2022 4:56:36 PM IST (Published) A Chennai-based jewellery shop owner rewarded his employees with cars and bikes as Diwali gifts this year. Though we may not like to burst crackers outside our homes, we can play Cracker Tambola. Better way to say: "put to good use". 10% cashback at CKC Jewellers on purchase using HDFC Bank Credit Cards & EasyEMI (T&C apply). Make your home festive for Diwali with these decoration, activity and tradition ideas: Light Up Every Corner. Go on, step up your gifting game. . Promote ecological concerns and arrange a green carnival free of plastics with things made at home. Trying to figure out in terms of being accountable with resources. I think it sounds passive, but. Use the bonus to clear outstanding credit card dues or car loans or even personal loans if any. 8. Happy Diwali!” “I hope that the flaming sparks of the lamps of Diwali which burns like a shooting star, guide your way through your dreams. If your bonus is a sizeable amount, consider making a down payment on a property, and finish your purchase with a home loan. To do so, we have categorised the content into two types – educational and emotional. However, when you see no initiative coming from the employer for a Diwali bonus, asking for it becomes a bit challenging and you need to have a. Diwali is a time for festive cheer. Amidst all this, how can we forget about the Soan Papdi. You can use your bonus to buy household products such as a washing machine or a refrigerator that you absolutely need by paying upfront instead. “I will make the most of this” shows that you value the bonus. Oct 25, 2019 · A Diwali bonus can also be used for making tax saving investment, to ensure you receive a better post tax income in coming months and keep your finances in manageable limits. English. Despite each faith having its own historical legends and celebratory events, the holiday represents the same symbolic victory of light over darkness, knowledge over ignorance, and good over evil. Tea-Coffee Hamper. If you have taken a personal loan or credit card loan at a high-interest rate, the most effective way to use your bonus is to repay the loan to lower your debt. We mostly save for long-term goals such as retirement, kids’ education and so on. Nov 12, 2023 · Gifts from employers. But the reason why we hear “Deepavali” more in Singapore is that the majority of our early. The bonus is payable after eight months of the close of accounting year as per section 19 of the Act, however, it is customarily paid before Diwali. Happy Diwali Wishes. Think of it as an investment with a return. business : The festival of Diwali is approaching. Most of you spend the festival bonus on purchasing gifts for your loved ones or buying essentials for home. While it is indeed heartening to see the extra money in your bank account, many are unsure of how to put it to good use. Your wish made me sweet on Diwali. Buying heaps of sweets will only leave you with tonnes of leftovers. If you use this money smartly, it can increase the benefits manifold. Source. Nov 2, 2018 · 4. Giveaway deals. Donate Used/New Festive Clothes. Nov 14, 2020 · Here are 4 ways of using the Diwali bonus efficiently: Buy a health insurance policy COVID-19 has taught each one of us the importance of securing health and the future for the family. Some members even suggested, eating a salad or drinking a glass of water. Here are few options to invest your Diwali bonus. Shed your debt burden: If you have taken a personal loan, credit card loan or any short-term loan which has a high-interest rate, the most effective way to use your bonus would be to prepay the loan to lower your debt. Custom Water Bottles. This will reduce your interest burden. Success StoriesChannelling your Diwali bonus into equity mutual funds is a powerful strategy for long-term wealth creation. Be careful about adulterated sweets. I know that you highly value my contribution and I thank you for your recognition of this. This culinary journey will take your taste buds on a festive adventure, from Semolina Puchkas to Dhai Bhalla, and it’s all happening from November 6 to 16, at Signature. Search Quotes, News, Mutual Fund NAVs Oct 25, 2019 · We generally tend to put our long-term investment goals on the back burner until there is a considerable rise in salary or existing liabilities have been met. Thus, diyas are the ideal Diwali decoration item for you if you like to make sustainable choices. New things are bought and everything looks spick and span. Put away a small. Prepayment reduces your principal amount and reduces your EMI burden. The PLB, commonly referred to as the Diwali bonus, is usually paid every year before Dussehra. Try these cool DIY hacks to give your home a breather of fresh, handmade decor. Invest in PPF or NPS PPF and NPS are good investment options that focus on the safety of corpus while at the same time providing adequate and stable returns in the long run. The bonus salary will be released with October’s salary, before Diwali. Let us look at some of the most hilarious Diwali bonus jokes, Diwali bonus 2022 funny memes and overall hilarious reactions online. Saving helps us in many ways, either in the present or future. Companies give a wide range of gifts, including kitchenware, appliances, soan papdi and boxes of dry fruits as Diwali bonus. It may take place virtually. Every bulk pay out gives you the opportunity to ease out your loan burden. Ideally, the larger portion of the Diwali bonus should be invested. Diwali the festival of lights symbolises the victory of light over darkness; hope over despair; good over evil; and knowledge over ignorance. PTI. 92/11/2019 vividly mentions that businesses can claim Input Tax Credit under GST when such promotional items are offered as a part of the combo offer. This Diwali use your Diwali bonus amount to fulfill your goals which you have set for yourself this year. A great way to utilize your bonus is to pay off high-cost loans on priority. You can hang them at the entrance or inside your home on an empty wall or space. It might sound baffling, but the best way to use your bonus is by not spending it. Diwali is the festival of lights and no matter how many candles or diyas you put, there is always space for more. Diwali Laxmi puja 2022: Lakshmi puja is one of the important rituals performed during the festival of Diwali. Know about how. Undoubtedly, working hard to support yourself and your family through a global pandemic is challenging. From all the money you did not spend on crackers this year, buy underprivileged children some toys or books or new clothes. Address the letter. So in order to make things a bit easier, I remind them of certain things right before they begin writing a letter. Just like every year, operators are back with Diwali offers. These can include long-term goals such as retirement, kids' education, investing in an asset among others. Here’s how you can utilise your bonus for future benefits: Start off your Diwali bonus by reducing or clearing your debts. You should build an emergency fund, pay off debts, and invest in mutual funds with 50%. Savor the spectacular flavours of Diwali at Signature by Sanjeev Kapoor in Canvas Dubai Hotel for just AED 49per person. Diwali brings cheer to our lives each year, and Diwali bonuses and incentives sweeten the celebrations. Wouldn't it be good to turn the cheer of today into more cheers tomorrow? A good way to spend your bonus money is to use it to achieve your long-term objectives. Plan a budget for materials, labour, and unexpected expenses. Use your Diwali bonus as a means to clearing off your outstanding debts. 5. Fun Ways to Celebrate Diwali at Home. Mutual Fund; Financial. It's a moment to cherish with loved ones and also a chance to think about your financialGet Maximum Benefits from Diwali Bonus. Be it a car loan, home loan, house renovation loan, the lesser you owe money, the better it is. For those of you who don't have a clear plan, here are some of things that you can do with. Home; About; Mutual Funds. Dear Andre, I will make the most of this. Make this Diwali bigger by investing your Diwali bonus smartly. Start selling online. Diwali is also about looking ahead to the future and to think about new beginnings. If you have multiple loans, focus on clearing off the ones with the highest interest. Some prefer to spend the full sum, while others save it for a rainy day. Take care of your pets and kids, and also. Photo: IANS/Representational. Light lamps to celebrate the victory of light over darkness, good over evil. Smart ways to use your Diwali bonus Managing windfallThe sudden cash should not be a spent on shopping and fun. Highest Ever Diwali Discount 60% Off on Model Portfolio, Stock-o-meter & Fund-o-meter (Get 3 E-Learning Courses FREE)Complete Fundamental Stock Analysis Tool. Identify areas that need attention, such as the kitchen or bathroom. You could use your Diwali bonus to cut this expensive debt. The bonus aimed at boosting public spending will be given in a single instalment through Direct Benefit Transfer (DBT) before Dussehra. Pay your Loan - You could use the bonus to pay back a loan quicker. . Invest in Yourself - One of the best ways to spend the Diwali Bonus is to invest in oneself. They are known for doing innovative and creative business and this Diwali, start-ups have come up with novel ideas and concepts that companies can gift to. MSRTC to give ₹ 5000 Diwali bonus to its 87,000 employees. Ideally, the larger portion of the Diwali bonus should be invested. Read stories about the legend of Diwali. I wish you a joyous Diwali. While people want to be environment friendly during Diwali, they simply just don't know how. Let us also put an end to the environmental menace by choosing eco-friendly products. Usually, if the bonus is coming, you can have many plansSo if you have some goals you are working towards, your Diwali bonus can be used to speed up these goals. One needs to understand the difference between what you want and what you desire. Our days would be very dark, indeed, without our friends and family members to light up our lives. Create a list. Got your Diwali bonus? Before you go and splurge it all, here are some smart ways you can ensure your Diwali bonus lasts beyond the festival. Oct 9, 2022 · Outlook Money 5 Ways To Deploy Your Diwali Bonus Wisely . Invest in. . A very warm Thank You for your delightful Diwali wishes that added. When we receive a Diwali bonus, it is always recommended to create discipline. Every house is cleaned up and renovated for Diwali. Wish you and your family a very prosperous Diwali. Now, write a wish on. Here are 5 things you should do to brighten up your financial future this Diwali: 1. 30 Oct, 2021, 09:15 PM IST. "Some of you might have already received your Diwali bonus, while others may be expecting it a few days before Diwali. Using your bonus financial plans will make you happy and help your long-term economic growth. However, if the gift's value exceeds ₹5,000, the entire amount is treated as part of your salary and taxed according to your tax slab. Photobooth: To recreate the classic holiday party photobooth in Microsoft Teams, ask the team to go on a scavenger hunt at their home or office for a few fun items to use as props—a hat, sunglasses, feather boa, their daughter’s princess tiara—the crazier the better. You should use this phrase in your email when you want to accept and appreciate the bonus and show that it’ll be put to good use. Spend your Diwali at an Orphanage/Old Age Home. Your Diwali gift and bonus can be taxable: Know ways to avoid it Exchanging gifts is a common practice in India during the festive season. Not only will investment in MFs protect you against volatility, but a periodic increase in the amount of the investments serves you well in the long-run. Oct 27, 2008 · The slowdown has ensured that your company might not splurge this Diwali! Oct 4, 2022 · Diwali bonus 2022: Normally, we buy things with these bonuses, but if invested wisely, it can boost your financial goals to a great extent. This step will bring a big smile on children’s face and they will cherish for many years to. 4. Smart ways to use your Diwali bonus . whereas a bonus or an incentive is often welcome. Some of you might have already received your Diwali bonus, while others may be expecting it a few days before Diwali. In fact, it actually gets its name from the word “Deepavali,” which translates into “row of lamps”, as Indians light lamps and candles. . Saving helps us in many ways, either in the present or future. May the divine blessings of Goddess Lakshmi bring prosperity and good fortune into your life. Contact Us. We generally tend to put our long-term investment goals on the back burner until there is a considerable rise in salary or existing liabilities have been met. Challani Jewellery Mart-owner Jayanthi Lal Chayanthi spent Rs 1. Photo courtesy: Kalakaari Haath. Step 2: Draft your sponsorship proposal. “Happy Diwali! And may the new year bring you peace, happiness and prosperity. The festivities are an excellent chance for employees to get closer to each other while sharing Indian culture! Here is a list of ideas that would make Diwali celebrations special. Deepawali, Deepavali, or Diwali is the biggest and the brightest of all Hindu festivals. Diwali gifts sweeten the festive season when paired with the all-important Diwali cash bonuses for your staff workers, employees and labourers. I would not recommend stashing this emergency fund in a savings bank account but rather park it in a liquid fund, which is backed by government bonds hence highly secure and gives you a return of ~8% (as of Oct 2016). Says Colonel Govila: "Exercise self-control. 83% as of 31 st October 2021. However, in recent years, the harmful effects of crackers on the environment and human health have led to a call for eco-friendly and sustainable. If you use this money smartly, it can increase the benefits manifold. Let's write a new story of success, together. This five-day festival commemorates the victory of good over evil, and in North India most famously honors the return of Lord Ram and his wife Sita to Ayodhya (after the defeat of demon Ravan and rescue of Sita from his evil clutches on Dussehra). After all, it’s your hard-earned money, so always try to treat it as a regular income and use it smartly. Here are 7 ways to make your Diwali celebration 2022 unique: Donate on Diwali for a Child’s education. Diwali is the time many people wait to go for big purchases. Bonus is taxable in the year of receipt if it has not been taxed earlier on due basis. 3. Then write a salutation and enter the name of the person you're rewarding a bonus. Fixed deposit . Apart from your basic budget, the bonus money, can help you fund your retirement plans. The preparations for the festival of light over darkness changed over the years. One of the best ways to use your Diwali bonus is not using it anywhere. Flowers and beads. However, Rs 4,999 in the form of a voucher or coupon will not be subject to tax. 7. It would be a good idea to give homemade delicacies to your maid that she can relish with her family. Buy gold Investment in gold is yet another option available for people during the Diwali time. Oct 31, 2021 · Don't buy heaps of sweets in one go either, that would only result in leftovers. Many small and micro business owners know they should be selling online — they just don’t know how to. Use it to build a contingency fund to ensure that you have enough to cover. Don't buy heaps of sweets in one go either, that would only result in leftovers. The bonus is said to benefit 30 lakh non-gazetted employees, including those in autonomous. The best way to deal with your bonus is to. This Diwali, if you have to settle for a simpler alternative, look no. It is to be noted that any cash gift from the company even if it is below Rs 5,000 will be subject to tax as it will be considered to be part of your salary. Artwork is a quick and easy way to incorporate colour in a space.