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Most people will do anything to minimize their taxes. In fact, the urge to save taxes at such times is so strong that people end up investing in the first tax-saving option, they come across.
One of the best financial instruments to accumulate wealth are mutual funds.
Determine how much tax you need to pay in a year with our income tax calculator.
Savings and Tax
Mar 20, 2020 | Read Time: 4 Minutes
Section 194 of the Income Tax Act deals with a slew of TDS payments. Two of the important sub-sections under this section are Section 194IA and Section 194IB. In order to understand the nitty-gritty of… Read MoreWealth Creation
Mar 20, 2020 | Read Time: 3 Minutes
New policy premiums of India’s life insurance industry had grown by 41% and 16% in November and December 2019 respectively.[1] This just goes on to show the increasing number of people opting for life insurance… Read MoreLife Insurance
Mar 20, 2020 | Read Time: 4 Minutes
Even though India has the second-largest population in the world, the number of Indians who have a life insurance cover is very low. In fact, 75% of Indians do not have a life cover at… Read MoreWealth Creation
Mar 20, 2020 | Read Time: 3 Minutes
India’s insurance penetration rate, referred to as the ratio of total amount of insurance premiums to GDP, stood at 3.7% in 2018. The low insurance penetration rate still leaves a lot to be desired. The… Read MoreSavings and Tax
Mar 20, 2020 | Read Time: 4 Minutes
The Government of India collects both direct and indirect taxes to generate revenue for the country. While direct taxes apply to the income that individuals and corporate earn, indirect taxes are imposed on the sale… Read MoreTerm Insurance
Mar 20, 2020 | Read Time: 3 Minutes
Term insurance is the cheapest and purest form of life insurance. One of the distinct benefits of term plans is the high coverage one is offered at low and affordable rates of interest. The availability… Read More
Mar 13, 2020 | Read Time: 5 Minutes
What is Coronavirus? Coronavirus is a group of RNA viruses that cause various illnesses in human beings. The term is derived from the Latin word for crown, corona, because of the crown-like structural characteristic of… Read MoreSavings and Tax
Mar 11, 2020 | Read Time: 7 Minutes
What is Income Tax Slab? An Income tax slab is a particular level of income which is taxed at a particular rate. It divides a taxpayer’s income into different parts and taxes them differently. Income Tax… Read MoreLife Insurance
Feb 13, 2020 | Read Time: 3 Minutes
36% of Indian families with children consider a term plan to be their first choice when it comes to purchasing life insurance. While only 29% of those without kids realised the importance of life insurance,… Read More
