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Are you also confused why your employer deducts a certain amount when paying your monthly salary or freelancing fee, and how it is adjusted against your final tax liability? Do you also advocate for a higher in-hand salary because you believe you’re getting a better deal?
Getting a hang of taxes and how they work can certainly be a tough nut to crack. However difficult it might be, it’s essential to know the way taxes and their deductions work. After all, a significant chunk of yourMORE
We always want the best for our family, don’t we? While you can give them the world when you are around, have you ensured their comfort even when you maybe aren’t?
When you reach your 30s, life changes. Your priorities and concerns shift from your own to that of your family. And when you have lives that depend on you, it is important to ensure their well-being and financial security. So that when uncertainties knock at your door, you are prepared. As their backbone, theMORE
Are you looking for ways to save some tax? If yes, your first avenue should be Section 80C of the Income Tax Act. 80C enables taxpayers to claim various deductions from his/her total income so that they can bright down their taxable income and reduce tax outgo. Though the various sections and their respective sub-sections branch into multiple clauses, various investments and deductions available can be used by nearly all taxpayers. This guide examinesMORE
Freelancing in India is no longer an alien concept. Actually, it has boomed so immensely that 1 out of every 4 freelancers in the world hails from India! When it comes to the preferred form of employment, being your own boss rules the list. Freelancing Is filled with hoards of perks: no boss, no fixed office timings, no corporate set-up, better work-life balance (the list goes on)
One major roadblock, however, is this: no employer-sponsored retirement plans or life insurance covers!MORE
Note: For ULIP policy, the investment risk in the investment portfolio is borne by the Policyholder. The linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in linked Insurance Products completely or partially till the end of the fifth year.
As millennials, there are constant temptations competing for the limited money in our wallet, thanks to theMORE