Do You Want to Know How Health Insurance Might Help You Save Money on Taxes in India?
The first step in any financial strategy, according to most financial advisers, should be to guarantee that one has enough health insurance. Even before beginning to save for one’s goals, one must have proper health insurance coverage for oneself and one’s family. Furthermore, paying for…
How to calculate income tax? A guide for beginners
Some investors aren’t aware of the use of income tax, and it is essential if you want a basic understanding of the taxation system. This guide helps you in understanding the basic concepts of income tax in simple ways: What is Income tax? The income…
Tax saving tips for young earners
The tax savings time starts during the start of the year when the officer asks you to send proofs like investment declaration and all for tax savings. The old employees know the right ways to avoid paying the excess tax, but the young earners are…
House rent allowance rules and regulations
There is a house rent allowance which is paid to the employees for the rent that the employee is going to pay in the absence of the company’s quarter. Now the main question comes which people usually ask about house rent is a taxable income….
Gift tax rates in India – Limits, exemptions, and rules
A lot of people raise questions like what are the gift taxes in India? Do we all need to pay the gift tax? How does it work? And many more such questions when it comes to the gift taxes. We have all always received gifts…
What is GST? Tax rates, types, meaning and example
Why is GST important? Before GST came into existence, there was VAT and excise duty, which was being levied on products and service tax on services. Several litigations were being considered when it came to the tax, which was essential to be collected like excise…
5 significant changes in Budget 2020
The budget of 2020 has been a huge event, and before the budget, there were these expectations about 80C limits, change in slab or reversal of the long term equity in the capital gains tax, but nothing like that happened. The government had intentions of…
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