TAX

TDS

How TDS works

TDS stands for ‘Tax Deducted at Source’. TDS has been introduced to collect tax from the source from where an Individual’s income is generated. It is applicable on the various incomes received such as salaries, interest received, commission received etc. Different rates of TDS have been prescribed by the Income Tax Act for different payments …

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PAN

How to correct your Aadhaar/PAN details online

The income tax department has launched an online facility to correct errors in names and other details in permanent account number (PAN) and Aadhaar document on its website: https://incometaxindiaefiling.gov.in As seen below on the left hand side the first option facilitates you to link Aadhaar with PAN. To make any changes you need to click …

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How to link your Aadhaar card and PAN card

Recently the government made it mandatory to provide both Aadhaar card number and PAN number while filing for taxes. The 10 character alpha-numeric Permanent Account Number (PAN) is a unique ID that every taxpaying body in India needs to have currently. The 12 digit Aadhar card number has additional features like a biometric thumb impression …

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Financial decisions

Better late than never: Financial decisions you should take now

Most individuals run around in February- March every year to complete their tax savings investments and then forget about money and taxation when the new financial year starts in April. NOW is that time of the year when you should start investing for next financial year slowly & steadily so that you don’t have to …

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ELSS : Save tax with mutual fund investments…

As we are nearing the end of the Financial Year there has been a spurt in activity with regard to tax saving investments. Investments are potentially your second income & security for a better future & thus should be planned carefully so that poor investment choices are not made. But all said it is human …

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Term insurance

Term insurance a must; But lowest premium not necessarily the best

Term insurance plan is a necessity for an individual who has dependents or a family. It is the basic form of life insurance where a fixed sum assured is paid on the death of the policyholder. In case of survival of policy term, the insured doesn’t get anything in return. It works on the basic …

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life insurance

Make life insurance an integral part of your financial plan….

Buying life insurance is a crucial decision as it is directly connected to the financial security of your family and you Life insurance gives you the freedom to chase your dreams, knowing that the immediate and long term financial future of your family is secure. Hence you need to buy a policy which is in …

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