Category: General Info

The West Bengal State Government has introduced the Jai Bangla Pension Scheme 2024 or Joy Bangla Pension Scheme to offer financial support to economically disadvantaged individuals from Scheduled Castes (SC) and Scheduled Tribes (ST) living in West Bengal. This scheme is particularly important because it not only benefits people from Scheduled Castes but also provides… Continue reading Jai Bangla Pension Scheme

In today’s tax-driven landscape, many tax cases are waiting to be resolved in various appellate courts and tribunals. To address this issue, the Government launched a scheme in 2020 called the Direct Tax Vivad Se Vishwas Act 2020. This scheme, commonly known as the ‘Vivad Se Vishwas scheme,’ aimed to reduce the number of ongoing… Continue reading Vivad Se Vishwas – Tax Dispute Resolution Scheme

In India, donations are made by people to ensure they are making efforts for a good cause. But there’s another side of the story, as well, which is related to tax benefits. Thus, the Indian Government offers a range of tax rebates under Section 11 of the Income-Tax Act to enhance the efforts of religious… Continue reading Section 11 Of Income Tax Act: Tax Exemptions for Trusts

In India, rental properties are among the most profitable ways to generate passive income. Owing to their falling under the umbrella of the Income Tax Act of 1961, these income types are unavoidably subject to taxation. Therefore, for us to manage our tax liabilities effectively, we need a more comprehensive understanding of the Indian tax… Continue reading A Comprehensive Guide To Saving Tax on Rental Income in India

Taxes play an important role in the development of the country. As people grow older, they often face multiple health challenges, both physical and mental. Remember that these issues can lead to significant financial strain on senior citizens as medical treatments and care can be expensive. To help reduce this burden, it’s important to offer… Continue reading All You Need To Know About 80TTB In Income Tax

Many people look forward to receiving a refund when it comes down to filing your income tax return. However, there are situations where you may end up owing additional taxes instead. It may happen if you underpaid taxes throughout the year and had changes in your deductions or experienced an increase in your income. If… Continue reading How To Pay Income Tax Online?

Personal finance management is largely dependent on income tax refunds to millions of taxpayers globally. Income tax refunds can be simply defined as overpayments by individuals that are repaid by the government after they have filed their tax returns. In order to effectively manage your resources, it is important to stay aware of the refund… Continue reading How To Check Income Tax Refund Status?

The Provident Fund (PF) is a retirement savings plan introduced in India under the Employees’ Provident Fund and Miscellaneous Provisions Act of 1952. It is managed by the Ministry of Labour and Employment and is designed for Indian employees. While the PF is an ideal way to save, some people avoid it because it offers… Continue reading How To Transfer PF Online?

Kisan Vikas Patra (KVP) is a small savings certificate scheme introduced by India Post in 1988. The main objective behind the scheme’s launch is to facilitate long-term financial discipline among the population, which would encourage them to save and invest their money securely. The scheme has evolved over the years, and as per the latest… Continue reading How To Take A Loan Against KVP?

Finding funds for emergencies or big expenses can be challenging. Traditional loans often come with high interest rates and a lengthy approval process. However, you can access your Provident Fund (PF) as a loan, which is generally easier and more affordable. This type of loan uses your own PF savings as collateral. The interest rates… Continue reading How To Get A Loan Against PF?