Life insurance is a popular tax saving instrument and should be a part of financial planning and goals set. There are several kinds of life insurance plans in the Indian market. Guaranteed life insurance plans sound like a good deal....

Gross salary is the sum of the total amount of compensation paid by the employer company to the employee as a part of the employer-employee relationship. Given the increase in salaried workforce, it becomes really important to understand the basics...

Meaning of Gross Income In the case of an individual, gross earnings refer to the total income earned before any tax adjustments or deductions. In this case, suppose Ramesh has a total income of Rs. 5,00,000 from which he paid...

What are the Golden Rules of Accounting? Financial accounting is more than just book-keeping. In accounting, every transaction has a dual entry – debit and credit. It is important to identify which account has to be credited and which one...

What is a Follow On Public Offer? A follow on public offer (FPO) refers to an already listed public company on a stock exchange issuing shares to the public. A follow on public offering allows companies to raise additional capital...

​​Financial derivatives are contracts whose value is derived from the underlying asset. Hedgers and speculators widely use these contracts to take advantage of market volatility. The buyer of the contract agrees to buy the asset at a specific price on...

What is the Fair Market Value? Fair market value FMV is the price at which one can purchase an asset under normal market conditions. The fair market value represents the accurate valuation of asset under the following conditions: Both the...

What is Face Value of Share? Face value is the original value of a share shown on the share certificate. In other words, it refers to the value listed on share certificates, digital records, and books. The face value is...