What Is GST? Here’s A Quick Recap

GST or Good and Services Tax is a landmark indirect tax reform that Indian government will roll out on July 1. The intent for such a reform is to cut down on cascading of taxes or in simpler terms, paying tax on tax. It does so by streamlining the tax rates, number of taxes to be levied and the places …

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Wish to Save PF Money Till Retirement? Here’s How To Do It

Provident Fund is a long-term investment scheme from government of India. It is for the welfare of the working population. However, so is the NPS or National Pension Scheme. What makes the two different? Firstly, you can withdraw your PF money before retiring. In the case of NPS, that is not possible. Secondly, PF may or may not be mandatory …

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Three Things You Should Know About EPF

Employees Provident Fund or EPF is a scheme run to ensure every working member in the country has one long-term investment. Run by the Employees Provident Fund Organization or EPFO, every company having over 20 members, or in some cases even less, is covered by this scheme. What you see in your salary slip under PF or Provident Fund head …

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Three Types of Insurance You Should Buy At The Earliest

Best Car Insurance Policy

Insurance is a big part of today’s life. Why? The risk on your life, health and property are on a rise. Now, you never know when you may be involved in an accident. Or some heart ailment may just strike you. We are not trying to scare you here. However, rising temperaments, pollution levels and stressful lives that we lead will have an …

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Here’s How To Avoid Job-Loss Insurance Trap

Losing your job is a serious blow to you on mental, emotional and psychological levels. You situation-assessing capabilities take a hit. Mood swings may become quite common and your confidence may be hit quite bad too. To avoid such a scenario, there is something called job-loss insurance that you may be asked to go for. However, just like any other insurance policy, …

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Looking To Retire Early? Here’s What You Should Do

You can’t keep working for a lifetime. Your capacity to work keeps going down with age, as does your effectiveness to do them. This is why you get to hear many people say that over time, you should replace hard work with working in a smart manner. All things said, what we are coming to is the time when you have to retire …

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Term Insurance Plans Can Be Good For You! Here’s How

Insurance industry is on the upswing today as the insurance subscribers keep growing. This is a result of the multiple benefits an insurance plan offers. However, among these insurance plans the one that offers the most is a specific type of term insurance plan. This specific type of term insurance is a fixed-income term insurance plan. These provide your family …

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Take Care Of These Financial Tasks Right Now!

It is that time of the year when you have to file taxes. Also, in 2017, this is the time of the year when GST tax rates for commodities are being decided. Taking a look at the two events together, you can how big this year already has become. This is a bigger deal when you consider the fact that …

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Five Things To Consider Before Applying For A Home Loan

Home Loan Rejection

For must of us folks, having a house of our own is a big deal. It should be, after all, buying a house is perhaps the time when you most money in one go. So, not only is it a big deal but something you should be careful about. It’s not easy to be able to pay all the money you …

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Buying A New Home? Have You Evaluated The Property?

All of us dream of having a home we can call our own. After all, who wants to pay rent that keeps rising regularly? But having a home of yours is not as easy as it seems. There are just too many people out there who would trade their current home for a new one if given an option. A lot …

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Read This To Optimise Your CTC And Save Tax

Optimise CTC

You pay the biggest amount of money on Income Tax, as compared to other taxes. After all, the other times when you are paying taxes is when you are buying goods and services. On them, tax rates are lower as their price is low too. Coming back to income tax, it is an annual liability on a person that can be reduced. There are a …

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Do You Donate Money? Then Here’s How You Can Avail Tax Deductions

Tax Deduction Under Section 80

Certain organisations work for welfare of masses. A few of them also start other activities to generate an income to survive on. However, most of these organisations solely rely on the donations made by general public. So, these organisations are able to thrive. However, these donations have come down in the recent past as cost of living has gone up. …

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Have Medical Issues? Then You Can Claim Tax Deductions

Tax Deduction Under Section 80

Tax deduction is a topic which covers a number of issues. Some of these issues are related to a person’s medical conditions. For example, if you or one of your family members is receiving treatment, then taxing you as much as a regular person will burden you financially. So, to ease the burden on your, the Income Tax Act has …

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