What do you think about when you hear the word “investing”? Stocks? SIPs? Equity mutual funds? All of us flock to these instruments with visions of supplementary income, building a retirement plan, or even achieving financial independence (a.k.a “seeing the world” or “opening my own microbrewery”). However – these
Hypothesis: Money buys us things. Corollary: Money buys us the privilege to chase things other than money. If you’ve watched the Netflix show Maniac, chances are that you’ll read that in Justin Theroux’s low toned voice. No, Justin Theroux didn’t talk about money and its role
According to the Income Tax Act, 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, TDS return filing was a challenging task. But thanks
Permanent Account Number (PAN) is a 10-digit code with alpha-numeric values that works as unique authentication for the users. It is essential for every Indian individual and entity that earns taxable income. But the uses of a PAN card are not limited by taxation. It offers multiple other advantages. Read
The Indian Retail Banking space has gone through multiple rapid developments in the last 30 years. Unlike its European or American counterparts, banking in India isn’t broken: retail customers’ interests are protected. It is very convenient for a customer in India to open a new bank account. In fact,
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
Permanent Account Number or PAN is a unique alphanumeric identity number assigned to Indian taxpayers. The objective of having a PAN card is to get a universal identification key that tracks financial transactions and tax records of people. It helps in keeping a check on individuals who are expected to
If you have just started working and are confused as to how much exactly you will earn at the end of the month, don't worry. We'll explain all that there is to know about CTC and the maths of salary packages in this article. What Is CTC?CTC stands for
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
In India, you may choose from a wide range of investment products based on your financial goals and risk appetite. If you are looking for a safe, fixed-income investment option, the National Savings Certificate (NSC) can be a good choice. What is National Savings Certificate (NSC)?It is a government-backed
A financial emergency can leave you in a vulnerable situation. Your savings may not be enough but availing of personal finance can help you meet these fund requirements. Personal loans are unsecured loans that can be used for any legal purpose. This means you do not need collateral to avail