Entries for date "September 2025"

Gratuity is a statutory retirement benefit given by employers as a token of appreciation for long-term service. While government employees enjoy full tax exemption on gratuity, private sector employees can claim exemption up to ₹20 lakhs under Section 10(10) of the Income Tax Act. The taxable portion depends on whether the organisation is covered under the Payment of Gratuity Act, 1972, the employee’s salary, and years of service. Proper understanding of gratuity rules and limits can help in financial planning, especially for retirement.

Understanding the difference between short-term and long-term financial goals is key to achieving lasting financial success. Short-term goals focus on immediate needs like building an emergency fund or clearing debts, while long-term goals target wealth creation through investments in equity, real estate, and retirement planning. This guide explores how to balance both, the best financial instruments in India for each, and how FinAtoZ helps you create a clear, goal-based financial roadmap for every stage of life.