Category: Articles

Whether you have just started a new job at an MNC or you’ve just received some money from your family, you might be wondering how to build a secure financial plan. Both savings and investment options can help, but you need to choose between them to understand their differences. But there’s a misconception among a… Continue reading Difference Between Savings and Investment Plans

No matter what kind of job you’re in, if you don’t have sufficient financial savings to maintain a good lifestyle, you might not be able to live comfortably. Remember that trying to purchase things and groceries may lead to financial struggles after retirement.  Thus, to combat this issue, the Government of India introduced the Employee… Continue reading What is PPO? How to Check PPO Number?

No matter where you’re working, if you are earning well, you may understand that taxes can be confusing and overwhelming. Regarding taxes, two terms are often used, i.e., Tax Avoidance & Tax Evasion. They may sound similar, but they take you down through different paths- one legal and the other one is illegal! Some people… Continue reading Difference Between Tax Evasion and Tax Avoidance

TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) are two important taxes in India. TDS is the tax deducted when income is earned, while TCS is the tax collected when a sale is made. These taxes are governed by different sections of the Income Tax Act. For example, employers deduct TDS from… Continue reading TDS Vs. TCS

Everyone wants to make as much money as they can, right? That’s why people look for various ways to invest and grow their wealth, both in India and abroad. Foreign investments are especially attractive because they can offer good returns. However, investing in other countries can mean paying taxes in multiple places, leading to double… Continue reading What is Double Taxation Avoidance Agreement (DTAA)?

The Permanent Account Number (PAN) is a unique alphanumeric identifier assigned to all entities engaged in financial activities within India. This unique code is crucial for both individuals and organisations as it facilitates the filing of Income Tax Returns and the execution of high-value transactions, typically those exceeding Rs. 50,000. Remember that obtaining a PAN… Continue reading PAN Card Application Status

Taxes are a crucial way for any government to generate money. This money helps transform the economy and improve the overall development of the country. Think of taxes as contributions that everyone makes to support public services and infrastructure. Imagine you receive a paycheck from your job. Part of your salary goes to the government… Continue reading Meaning & Types of Direct Taxes in India 

Investing in a girl child’s future is one of the most crucial financial decisions a parent or guardian can make. In India, as the focus on women’s education and empowerment grows, many investment plans are specifically designed to secure a girl child’s financial well-being. When your daughter is born, it’s essential to research and find… Continue reading Investment Plans For a Girl Child

No matter what kind of job you’re in, if you’re earning above a certain bracket, then paying taxes on time is a duty for every taxpayer in India. However, many people hope for ways to reduce their financial load through tax exemptions. To assist with this, the Indian Government offers certain tax exemptions under Section… Continue reading List of Exemptions Under Section 10 Income Tax

The Government of India introduces many schemes every year for the welfare and benefit of the different sections of society. Some schemes or plans target the poor, rural areas, and economically vulnerable groups. One such similar program for girls is “Balika Samriddhi Yojana”. The scheme aims to improve the lives of girls by providing better… Continue reading Balika Samridhi Yojana