Taking Financial Wellness to the Workplace
At Enrichwise Financial Services, we believe financial literacy is a cornerstone of personal empowerment. That’s why we were proud to conduct a Financial Literacy Seminar at Crompton Greaves, led by our Director, Kapil Jain. The session was designed to demystify income tax, clarify ITR filing nuances, and build a strong foundation for smart investing and financial planning tailored specifically for salaried professionals.
Whether you’re wondering which tax regime to choose or how to protect your wealth with insurance and investments, this seminar delivered clear, actionable answers.
Why Financial Literacy Matters for Salaried Professionals
Most employees know about Form 16 and TDS, but few truly understand the full potential of tax planning. This seminar helped participants:
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Make informed choices between the Old and New Tax Regimes
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Understand when and how to file ITR
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Avoid common tax mistakes that lead to IT scrutiny
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Plan long-term with investments and insurance
We transformed complex financial jargon into practical knowledge that everyone could use immediately.
Income Tax Simplified: Old Regime vs New Regime
What’s the Difference?
Old Tax Regime (AY 2026–27)
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Tax slabs: 5% to 30%
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Deductions allowed: 80C, 80D, HRA, LTA, and more
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Best suited for individuals claiming ₹7L+ in deductions
New Tax Regime (AY 2026–27)
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Lower tax rates, higher exemption limits
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₹75,000 standard deduction (up from ₹50,000)
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87A rebate up to ₹12L income
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No need to invest in traditional tax-saving tools
💡 Quick Tip from the Seminar
If you don’t have many deductions, the New Regime may save you more
ITR Filing Essentials: Beyond Compliance
Filing your ITR isn’t just about avoiding penalties. It’s a way to stay in control of your money.
Key Reasons to File
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Claim TDS refunds
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Carry forward capital losses
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Comply as a co-owner of a property
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Report foreign assets or income (especially for NRIs)
Common Mistakes Discussed
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Not filing Form 26QC for rent above ₹50K/month
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Failing to claim foreign tax credit with Form 67
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PAN not linked with Aadhaar
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False HRA or donation deductions
The team at Crompton found these insights eye-opening, especially around notice triggers and reporting errors.
Rethinking Tax-Saving Investments in the New Regime
A major highlight was the changing relevance of tax-saving instruments like:
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PPF
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ELSS mutual funds
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NPS
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Sukanya Samriddhi Yojana
These investments, while safe, often come with lock-in periods and reduced liquidity and are no longer necessary under the New Regime.
We helped employees understand how to balance liquidity with returns and decide whether these instruments still fit into their personal finance plan.
Insurance: Your Financial Safety Net
In today’s world, financial planning is incomplete without risk protection.
Health Insurance Checklist
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No room rent limits
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No co-pay or disease sub-limits
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Restoration benefits
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Coverage for pre- and post-hospitalization
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High claim settlement ratio
Term Insurance Must-Haves
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10–15x your annual income
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Riders for critical illness and accidental death
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Long policy tenure till 65–70
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Choose claim settlement ratio above 95%
Many employees realized they were underinsured or had inadequate coverage, a gap they were able to address thanks to this session.
Investing for Long-Term Wealth: Start Early, Stay Consistent
One of the most impactful takeaways was the importance of starting early.
Seminar Golden Rules
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Start investing as soon as you start earning
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Use SIPs to stay disciplined
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Focus on long-term growth, not timing the market
We compared traditional FDs with mutual funds and debt funds, helping attendees see how tax efficiency and compounding make all the difference.
Property, TDS, and Smart Tax Strategies
We also covered niche but important topics like:
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Capital gains exemptions on property reinvestment
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How to claim TDS refunds for NRIs or landlords
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Tax-loss harvesting for equity investors
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Deductions under 80G (donations) and 80E (education loans)
Enriching Lives Through Financial Awareness
Our seminar at Crompton Greaves was more than an educational session. It was a transformative experience. When employees are financially aware, they make smarter choices, feel more secure, and plan more confidently for the future.
Watch the Seminar Highlights