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The document outlines a family's monthly income of ₹1,37,000 and annual savings of ₹12,42,000 after expenses. It also discusses efficient salary crediting options for companies, recommending bulk salary uploads with integrated payroll software for reliability. Additionally, it highlights investment risks and strategies for management, emphasizing the importance of diversification and long-term planning.

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manchandaluvkush2
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4 views

Assignment_Short_Version

The document outlines a family's monthly income of ₹1,37,000 and annual savings of ₹12,42,000 after expenses. It also discusses efficient salary crediting options for companies, recommending bulk salary uploads with integrated payroll software for reliability. Additionally, it highlights investment risks and strategies for management, emphasizing the importance of diversification and long-term planning.

Uploaded by

manchandaluvkush2
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Assignment - Summary Version

Question 1: Family Budget Calculation

Income Calculation
Mr. Vikas and his wife have the following monthly income:
- Mr. Vikas Salary: ₹50,000
- Wife's Salary: ₹60,000
- House Rent Income: ₹7,000
- Freelance Income: ₹20,000

Total Monthly Income = ₹1,37,000


Total Annual Income = ₹1,37,000 × 12 = ₹16,44,000

Expenses Calculation
Monthly Expenses:
- EMI for Car: ₹15,000
- Groceries: ₹3,500
- Recreational Expenses: ₹1,500
- Children Education: ₹7,500
- Medical Expenses: ₹1,000
- Insurance Premium: ₹5,000

Total Monthly Expenses = ₹33,500


Total Annual Expenses = ₹33,500 × 12 = ₹4,02,000

Savings
Annual Savings = Annual Income - Annual Expenses
Annual Savings = ₹16,44,000 - ₹4,02,000 = ₹12,42,000

Conclusion
The family saves ₹12,42,000 per year after meeting their annual expenses.
Question 2: Salary Crediting Options

Summary
For a company with 100 employees, efficient salary crediting options include:
- Direct Bank Transfers (NEFT/RTGS/IMPS)
- Bulk Salary Upload via Bank Portal
- Payroll Management Software (Zoho Payroll, GreytHR)

Best Option: Bulk Salary Upload with integrated Payroll Software ensures quick, error-free,
and compliant salary disbursement.

Conclusion
For medium-sized companies, automated bulk salary uploads provide the best efficiency
and reliability.
Question 3: Managing Investment Risk

Summary
Investment risks like market risk, credit risk, and inflation risk are unavoidable. Strategies
to manage risks include:
- Diversification of portfolio
- Proper asset allocation
- Regular monitoring and rebalancing
- Hedging through options and insurance
- Maintaining an emergency fund

Long-term investment planning reduces the impact of short-term risks.

Conclusion
While risk cannot be eliminated, it can be managed smartly through disciplined and
diversified investment approaches.

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