Senior Citizen Savings Scheme (SCSS)
A Senior Citizens’ Saving Scheme (SCSS) is a government-backed retirement benefits programme. Senior citizens resident in India can invest a lump sum in the scheme, individually or jointly, and get access to regular income along with tax benefits. Senior Citizens Savings Schemes can be availed by any individual above the age of 60 years. They […]
Income Tax Basics
Income tax is a type of tax that the central government charges on the income earned during a financial year by the individuals and businesses. Taxes are sources of revenue for the government. Government utilizes this revenue for developing infrastructure, providing healthcare, education, subsidy to the farmer/ agriculture sector and in other government welfare schemes. […]
Financial Wellness India
What is Financial Wellness? Financial wellness (or financial wellbeing) refers to a person’s overall financial health and the absence of money-related stress. It’s the result of successful expense management. Financial wellness is an important part of overall employee wellbeing which consists of physical, mental, and financial wellness. In very simple terms, financial wellness means the art of […]
Credit Card Truth
There’s no doubt about it credit cards offer the utmost in convenience. They’re accepted everywhere and since you only get a bill once a month, you don’t have to have any cash available to pay for things when you purchase them. A Lesson in Responsible Credit Card Usage How you handle your credit card and […]
Debt Financing
Debt financing is a time-bound activity where the borrower needs to repay the loan along with interest at the end of the agreed period. The payments could be made monthly, half yearly, or towards the end of the loan tenure. Debt financing is an expensive way of raising funds, because the company has to involve […]
12 Ways to Save Money during the Holidays
The COVID-19 pandemic has caused financial stress for many and reshaped the way most people save and spend money. Before you let your holiday joy lead to New Year’s debt, take some time to plan your spending. This not only allows you to save money, but it can also help get you into the Christmas spirit, without […]
Working Capital Management
Working capital management is a series of operations carried out by a firm to ensure that it has adequate resources to meet day-to-day operational expenditures while also retaining resources invested in a profitable manner. Every company’s working capital is critical to its success, but efficiently managing it is a delicate balancing act. Companies must have […]
GST Penalties and Appeals in India
All Under GST, the return can be filed both online and offline. Under this new tax reform, there is common e-return for Central Goods & Service Tax (CGST), State Goods & Service Tax (SGST), Integrated Goods & service Tax (IGST) and Additional tax. Under GST, a registered taxpayer shall file GST return at the GST […]
Behaviours that can impact Child’s Decision-Making
Parents do not give enough cognizance to the way they handle money in front of children, but how they portray it will define the child’s money confidence in future. Becoming a parent is a beautiful life changing experience which every couple wishes to have at least once in their life. But a small baby brings […]
20 Easy Ways to Save Income Tax in India
People are always on the lookout for opportunities to save income tax. No one likes to miss out on options that can save them money paid as tax. Different people prefer different ways of doing so. This year the tax filing deadline for salaried individuals is 31st July 2021. But if all your calculations and documents […]