Learning the steps to run a TDS check is crucial for all taxpayers. It allows you to manage your tax liabilities and file accurate returns. TDS, short for Tax Deducted at Source, is a part of income tax that employers, banks and other entities deduct before disbursing the funds to your account. The tax deductors …
Knowing how to make a budget is one of the essential life skills that can help you manage your finances. Budgeting allows you to effectively spend your income to meet all your needs. Moreover, a proper budget helps cut unnecessary costs and save more to secure your financial future. Read on to learn why budgeting …
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Saving money with some planning is easy but being financially healthy involves more than that. It includes building funds for emergencies, investing for better growth, avoiding spending beyond your means and more. However, everyone has different goals and preferences. As such, there is no one-size-fits-all solution that answers the question of how to stay financially healthy. …
Whether you are on the verge of retirement or just starting to deal with the complexities of personal finances, planning for your sound financial future is crucial. Many reasons, including the need for strict discipline, deter people from starting early with their financial planning. Such planning lets you strike a balance between your long-term financial …
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Making wise financial decisions is important to safeguard your future. Whether the decision is investing in stocks or buying a cup of coffee every day, these can affect your financial health in the long term. However, there are many variables to consider and budgeting alone isn’t enough. Here are some tips to make smart financial …
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Thanks to India’s perpetually advancing economy, you have ample passive income ideas to explore to augment your wealth. No matter who you are, starting a passive income stream is beneficial, especially if it requires minimal involvement or monitoring. For many, these income sources are the easiest ways to work toward retirement goals. Read on to …
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The Reserve Bank of India (RBI) is hosting the Financial Literacy Week 2024 from February 26th to March 1st, with the central theme being ‘Make a Right Start-Become Financially Smart’. Through this initiative, the RBI aims to boost the understanding of financial discipline at the right time, especially for students just graduating from college. In …
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Capital receipts are non-business income that either reduces the assets or increases the liabilities of a business. Simply put, these are receipts for income generated through occasional capital activities and not routine operating activities. It is also a written record of payment made in exchange for goods or services. Because of the capital nature of …
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You can now get an income certificate online through a simple process, which reduces the hassle when applying for a government scheme. This certificate is an official statement issued by the state and central governments. It is an essential proof of eligibility required for various schemes as it confirms your annual income from all sources, …
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Smart financial planning is crucial for all young professionals because of fluctuating financial standing and inflation rates. Doing so enables you to: Save for financially demanding times Build a fund for retirement Grow your wealth Saving from your income Invest additional funds regularly Build better saving habits Provide security against inflation and more With these …
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