Article

Income tax in India is imposed by the Government of India. Everyone who is earning in India has to pay income tax. The income could be pension, salary, or could be earnings from a savings account.

All small and medium businesses require sufficient working capital to run their daily operations successfully.

Most businesses – irrespective of their size, nature, or industry – have to borrow money at some point in their lifecycle. Be it to get off the ground, expand operations, or to weather a rough patch – borrowing is a crucial and essential part of all businesses.

Imagine this scenario – you have taken a 30-year home loan with a fixed interest rate of 9%. That probably sounded like a good deal, when you initially availed your loan. But, right now, the interest rates have dropped significantly and range around 7.5%.

Home loan refinancing is not always the best idea, even when interest rates are low and friends and colleagues are talking about who fetched the lowest interest rate. Before you begin the long process of gathering pay stubs and bank statements, think about why you are refinancing.

India has a variety of credit card options and finding the right credit card could be challenging as most banks offer different features and benefits attached to credit cards. Some credit cards are designed for benefits associated with shopping and hence they come with an excellent rewards program while other cards are loaded with travel privileges.

In view of cash flow and income disruption due to the ongoing COVID-19 pandemic, RBI has announced the extension of the Moratorium period for up to 31st of August. Although it will ease the repayment worries for the borrowers, it will certainly increase the debt burden as they will need to repay with additional interest on the outstanding loan amount

In India, taxes are broadly classified into two types: direct and indirect taxes. As the name implies, direct taxes are the taxes paid by an individual (or company) directly to the government.

When interest rates fall as they have done recently, most homeowners look to refinance their existing loans. While refinancing can help you cut down loan costs and repay the loan faster, it's not always the right choice.

Insurance is a way of managing risks. When you buy insurance, you transfer the cost of a potential loss to the insurance company in exchange for a fee, known as the premium. Insurance companies invest the funds securely, so it can grow, and payout when there’s a claim.

Home loans are undoubtedly one of the biggest debts that individuals will pay in their lifetime. The size of an average home loan is 30 lakhs or more and extends for 10 to 30 years. Generally, home loans are repaid in the form of monthly EMIs.

TDS is the acronym for "Tax Deducted at Source." It was introduced by the income tax department to reduce tax evasion, by collecting taxes on incomes right when the revenue is generated, rather than at a later date. As the phrase implies, TDS is received from the income payer rather than the income receiver.

As soon as we hear the term, "income tax," most of us get fearful and nervous. The nervousness arises from the fact that – not many of us are aware of what it is, how it is calculated, and the myriad regulations involved.

Home refinancing is the process of replacing an existing home loan with a new loan. Normally, people refinance their home loan to reduce their monthly payments, lower their interest rate, or change their loan program from an adjustable-rate home loan to a fixed-rate home loan.

One of the biggest worries of every borrower is – not being able to pay the money back. The consequences of having to deal with unpaid credit payments are scary. This is where credit insurance comes into the picture.

Credit insurance coverage is somewhat similar to an insurance policy bought by a borrower. It helps to pay off one or more existing debts in case of the borrower’s death, disability, or in rare cases, unemployment.

Credit insurance is a form of insurance policy bought by a borrower which pays off one or more existing debts in case of the borrower’s death, disability, or in rare cases, unemployment.

There are times when a lot of us come across some unexpected personal expenses for which we may not have enough funds. An instant loan could be the right option in such situations. These are easy to apply online and are for shorter tenure involving quick processing.

During these challenging times, the health and safety of your families are your top-most priorities. With that said, there's another pressing issue that is posing enormous difficulties for people across economic segments.

The Union Budget for 2020 offers various measures to help our country reach the ambitious target of a $5 trillion-dollar economy by 2022. Nirmala Sitharaman, the Honourable Finance Minister of India, presented the Union Budget for 2020 – 21 on 1st February this year.

The Covid-19 pandemic has gripped the entire country, and its impacts are seen across all sectors. From large multinational corporations to micro, small and medium enterprises, the Coronavirus outbreak has caused all economic activities to sputter to a halt.