Direct tax in India is a type of taxation where the burden falls directly on the individual or organization being taxed. It is levied directly on the income or wealth of individuals and organizations.
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The Importance of Wedding Insurance in India: Protecting Your Big Day
Introduction Planning a wedding is an exciting and joyous occasion, but it comes with its fair share of risks and
Continue readingSmall Savings Schemes in 2024: Latest Interest Rates and Benefits
As investors, it’s essential to prioritize saving before entering the world of investments. In India, various small saving schemes are
Continue readingEx Date vs Record Date: Everything You Need to Know
Whether you are a new or an experienced investor, investing in dividend stocks is an attractive option that offers long-term growth along with a steady flow of income. Under this investment strategy, you invest in companies that consistently generate profits and distribute them in the form of stock dividends to shareholders.
Continue readingWhat is CMP in Stock Market?
Current Market Price is the abbreviation of CMP in the share market. CMP meaning in stock market refers to the present trading value of a stock that is listed in the market. It is a reflection of the current or ongoing price at which a particular stock is transacted in the market.
Continue readingNavigating the World of Loans: What You Need to Know
Financial stability is paramount for achieving our dreams and aspirations in today’s fast-paced world. Whether buying a home or fulfilling
Continue readingNavigating the World of Loans: What You Need to Know
A loan is a financial arrangement where one party, typically a lender such as a bank or a financial institution, provides money or resources to another party, known as the borrower, with the expectation that the borrower will repay the amount borrowed along with any agreed-upon interest or fees within a specified period of time.
Continue readingOld Tax Regime: Slabs, Rates And Deductions
The old tax regime’s structure is meticulously designed to cater to individuals across different age groups, offering three distinct categories: general taxpayers (individuals below 60 years), senior citizens (aged 60 years but below 80 years), and super senior citizens (aged 80 years and above).
Continue readingWhat is Professional Tax? Eligibility, Rates, Filing, Compliance
Are you earning an income from a salary in India? Are you a practicing professional like a lawyer, doctor, or chartered accountant? If yes, then you must pay Professional Tax in India.
Continue readingHow to Fix Your Tax Estimation Mistakes Before It’s Too Late
Do you know that filing incorrect tax returns can result in severe penalties such as imprisonment? Yes, you heard me correctly! That is why you should exercise caution and avoid making these common mistakes when using tax calculators.
Continue readingWhat Is Income Tax? Meaning, Eligibility, and Process
Having a clear understanding of income tax and tax filing is vital for meeting legal obligations and optimizing your finances. But what exactly is Income tax, and how is it charged?
Continue readingHow To File Income Tax Return Online: A Quick Guide
Filing Income Tax Returns (ITR) online has become a streamlined and straightforward process in India, thanks to the digital initiatives
Continue readingIncome Tax Concept: Unraveling the Concept of Taxation in 2024
Did you know? In FY 2020-21, income tax contributed over 50% of the total direct tax revenue, showcasing its pivotal
Continue readingTop Pet Insurance Policies in India You Should Consider
They say a pet is a friend for life, and indeed, these loyal companions offer us unwavering companionship and affection. As responsible pet parents, it’s our duty to prioritize their health and happiness.
Continue readingIncome Tax Concepts Made Easy: The Ultimate Guide for all Taxpayers
Income tax in India is a significant fiscal component that makes for a major part of the government’s revenue. It is essential for funding public services and infrastructure development.
Continue readingThe Ultimate Guide to Understanding Your Taxable Income
Are you the one who solely relies on tax calculators to file your returns? If calculating your taxable income and filing your returns is giving you goosebumps as the end of the year approaches, don’t worry.
Continue readingTax Exemptions vs. Deductions in Taxable Income
Are you searching for ways to save on taxes? If so, you would have probably encountered the terms ‘tax deduction’
Continue readingBasics of Income Tax for Beginners
The Interim Union Budget 2024-25 was announced recently. All eyes were on the income tax slabs and the applicable tax
Continue readingTop 5 Tax-Saving Investment Options in 2024
In this blog, we shall discuss some of the popular income tax-saving options available and highlight a few tax-saving investments for different taxpayer groups.
Continue readingTax-free Bonds: All You Need To Know About It
In investment options, tax-free bonds stand out as a secure haven for those seeking stable returns without the burden of
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