Indian taxpayers may miscalculate their taxes and end up paying more money than
they owe to the Income Tax Department. Luckily, if you overpay your taxes, you
are eligible for an income tax refund. When that money hits your bank account,
it is an exhilarating feeling. You can choose to
The Employees’ Provident Fund (EPF), commonly known as Provident Fund (PF) is an
investment cum savings option that eligible companies offer to their employees
as a retirement scheme.
The employees invest 12% of their basic pay in the EPF each month, and the
employers contribute the same amount to the
According to the Income Tax Act
[https://www.incometaxindia.gov.in/pages/acts/index.aspx], 1961, payees are
required to pay a specified amount as Tax Deducted at Source (or TDS). It is
applicable on professional fees, dividends, interest from securities, royalty,
and commission.
Before the advent of the internet,
All working professionals, salaried or self-employed, are obligated to pay a
specific portion of their money to the government once they reach the minimum
income threshold.
Tax planning plays an instrumental role in deciding how much you pay to the
government. If you fail to plan your taxes, you might
If you are looking for ways to grow your money, you may consider putting it in
mutual funds. Wondering what are mutual funds? We have got you covered. This
type of investment is made by Asset Management Companies (AMCs). They collect
money from institutional and individual investors and put it
If you are reading this article, it is time to pat your back because you have
already won half the battle. Deciding to start investing is the best step
forward to a financially secure future.
But what is investment? In simple terms, it is the process of putting your
surplus
Investing is the best way to effectively grow a fortune over time. Many people
struggle to determine where to put their money as all plans come with different
rules and regulations. Presently, two popular financial instruments are
unit-linked insurance plans (ULIPs) and mutual funds. This article explains the
differences between
Experts have been saying for years that young professionals must consider
investing money as early as possible to generate high returns in the long term
while minimizing risks. But one of the most prominent challenges of investment
for beginners is deciding where to put their hard-earned money in.
Mutual funds
