How to calculate Income Tax?

Income tax is the tax payable by all eligible citizens to the government - based on a certain percentage of their ‘Gross Total Income’. The government uses these taxes to pay its employees and fund the development of infrastructure and other public-interest activities.

Types of Taxes

The government collects taxes in two ways- directly and indirectly. The direct taxes are collected directly from the person it’s levied on (e.g.......

You cannot afford to NOT have a Term Insurance Plan

“Knowing what’ll happen tomorrow is difficult (if not impossible), but preparing yourself for it doesn’t have to be”

If there’s one thing common in everybody’s life, it’s the sheer unpredictability that it comes with. It surrounds everything, from your personal space to your financial space and more. While living on the edge might be something you’d hashtag with your photos on Instagram, the intelligent move (in real......

What is TDS- Tax Deduction at Source

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 c......

How to choose the right term plan in your 30's

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 ba......

80C Investment Guide: How to Save Your Salary from hefty Tax Deductions?