How to Save Tax for a Salary Above 10 Lakhs?
The tax system in our country is progressive, meaning that as a taxpayer's income increases, the tax rate applied to that income also rises. This system makes sure that the…
Direct Tax and Indirect Tax: Understanding Key Differences
Taxes are everywhere in our daily lives. Whether you're buying a pack of chips or enjoying a trip to the cinema, cashing a paycheck, or selling investments, you pay taxes.…
Section 80E: Tax Benefits on Education Loan
One of the most valuable investments one can make in life is an investment in education. However, the cost of getting a higher education is rapidly increasing. While the consumer…
Do I need to pay Tax on Inherited money, assets or property?
Receiving an inheritance, whether expected or not, often brings a sense of warmth, knowing that someone valued and cared for you enough to leave something behind. However, this pleasant feeling…
What is Tax Planning – Objectives, Types and Process
With every paycheck you receive comes taxes. It’s natural to want to save as much of your hard-earned money as possible, and tax planning lets you do just that within…
Old Vs New Tax Regime: Which is Better New Or Old Tax Regime?
With the Union Budget of 2020, the Government of India tried to simplify the existing tax structure by introducing a new tax regime. This new structure didn’t have many takers,…