The 50/30/20 rule provides a plan to budget your after-tax income into different
spending buckets. How do you plan your expenditure? You all have access to
limited financial resources and multiple avenues to spend them. So how do you
allocate your scarce financial resources among your multiple competing
Whether you have just started to earn or have been drawing a salary for years
now, financial planning is a must. Especially if you are in the new crop of
salaried professionals, you might be excited and wondering how to spend your
money whenever your salary is credited.
However, most
As the end of the financial year comes closer, it is time to look at your tax
liabilities and start preparing to file the Income Tax Returns (ITRs). Knowing
about the basic rules, income tax slab rates, and exemptions can help you plan
your taxes well.
Income is classified under
The Income Tax Department is responsible for levying, administering, recovering,
and collecting direct taxes in India.
Simply put, it lays down different rules and regulations under various sections
related to direct taxation in the country. One such section is 194A, which is
discussed below:
What is section 194A?
This section
When you earn income, you are liable to pay tax on it. The Income Tax Act, 1961
governs the laws related to the payment of tax in India.
The act has multiple provisions that help you reduce your tax liability. One of
the commonly known sections is 80C, which allows
Finance is an important aspect of your life and managing it is not a simple
task. For efficient financial management, you need to consider multiple aspects
like budgeting, saving, investing, and determining future goals.
Here is a handy guide to help you learn more about managing your finances to
maximize
As more women become financially independent, they are trying to figure out
where to put their hard-earned money in to get maximum benefits. Financial
independence is the first step towards achieving the ultimate goal – financial
freedom.
Although women may earn a huge amount, often, they are stuck due to lack
Without a retirement plan, you may have to depend on others for financial assistance and may face severe constraints in case of emergencies. Read the article to identify the best investment options for retirement.
