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All You Need to Know About Employees’ State Insurance Corporation

The ESIC (Employees' State Insurance Corporation) is a state-run organisation formed as a result of the Employee State Insurance Act of 1948. The primary objective of the ESIC is to provide social security to the majority workforce who belong to the organised sectors.

2 months agoRead More
How much tax will I pay if I earn Rs. 10 lakhs per annum?

One of the biggest dilemmas facing taxpayers post the Union Budget of 2020 is – "should I switch over to the new tax regime, or should I continue with the existing tax regime availing deductions and exemptions?

2 months agoRead More
What is the standard deduction for salaried individuals for FY 2019 – 20?

Taxpayers for the FY 2019 – 20 can claim a standard deduction of Rs. 50,000, thereby reducing their taxable income significantly. Here, in this guide, let’s take a detailed look at the standard deduction available to salaried taxpayers while filing their income tax.

2 months agoRead More
What Is the Maximum Income for Tax Return?

It is that time of the year when individuals file income tax returns. The last date for filing your return is July 31. Only individuals whose incomes exceed certain levels must file tax returns. Certain

2 months agoRead More
What Is the Formula to Calculate Income Tax?

If you will be filing ITR for the first time in 2020 then you need to know your total taxable income, followed by the computation of income tax as per the applicable tax slab. While calculating income tax manually might appear daunting, it isn’t as complicated if you thoroughly understand the computation process.

2 months agoRead More
Income Tax Rule of 2020

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.

2 months agoRead More
What Is Income Tax Under the Income Tax Act?

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.

2 months agoRead More
 How to get a business loan without ITR?

Running a small business is deeply satisfying – it’s the path to pursuing one’s dreams and passions. However, owning a business isn’t a piece of cake. There are plenty of challenges and hurdles to cross.

2 months agoRead More
15 Ways to Raise Funding for your Startup Business

You have a great business idea. Now, you want to start executing it. The first hurdle that you're likely to come across is – lack of funding. Capital is the bloodline of any successful startup venture.

2 months agoRead More
How Much Annual Income Is Tax-Free?

India has two broad categories of tax, mainly direct and indirect tax. Direct tax is a tax you pay on your income directly to the government. Indirect tax is a tax that somebody else collects on your behalf and pays to the government.

2 months agoRead More
How Is Corporate Tax Calculated?

One of the many taxes that corporates are required to pay to the Indian government is a corporate tax or company tax. Corporation Tax, also known as Corporate Tax is a direct tax levied on the net income or profit that corporate enterprises make from their businesses

2 months agoRead More
How Can I Download My Income Tax Certificate?

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.

2 months agoRead More
Cash Credit vs. Overdraft: What are the differences and similarities?

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

2 months agoRead More
Business Loans vs. Overdraft? Which is the better option?

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.

2 months agoRead More
8 Scenarios when you should NOT Refinance your Mortgage

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%.

2 months agoRead More
Why Refinancing Is A Bad Idea?

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.

2 months agoRead More
Which Is the Credit Card Best Suited for You?

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.

2 months agoRead More
Moratorium Period Extended for 3 More Months: 5 Things You Must Know

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

2 months agoRead More
What types of incomes are taxable in India?

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.

2 months agoRead More
When is the right time to refinance a home loan?

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.

2 months agoRead More
What Is the Purpose of Insurance?

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.

2 months agoRead More
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