What is TDS and How Does it Affect Tax Planning?

TDS is nothing but Tax Deducted at Source. It is a way of collecting indirect tax by the government under the Income Tax Act, 1961. It means that a certain amount of tax (usually around 10-12%) is levied on certain payments, salaries, payments to freelancers and contract workers, and certain categories of vendors.

Quick tips to help you build your emergency fund

As children we were taught that ‘precaution is better than cure’. Though you can never be prepared enough, you can always have a comfortable cushion to fall back on in the worst of scenarios, if you have an emergency fund.

Are you really prepared to quit your job?

Quitting your job for a life of relaxation and comfort sounds like every employee’s dream. However, before quitting your job, ask yourself these questions

How Many of These Signs of Financial Stability Do You Have?

All of us are chasing the same thing – financial stability. People spend years to become financially stable by working hard and spending their money wisely. However, just because you make a lot of money does not mean you are in a good place.

5 Ways to Create Wealth on a Salary

Creating wealth is no easy task. As Dave Ramsey, a renown financial author rightly said, ‘Creating wealth is a marathon, not a sprint. Discipline is the key ingredient’.

Early lessons to inculcate the right financial habits in kids

Make sure you cover these basics with your kids at the right age so they are well equipped to make the best financial decisions as they grow older.

5 Money management mistakes you are probably making

Managing your personal finance isn’t rocket science. We share some common mistakes that you’re probably making and reasons why you should avoid them

How to design your investment portfolio for success

A good portfolio is more than a long list of good stocks and bonds. It is a balanced whole, providing the investor with protections and opportunities with respect to a wide range of contingencies.

The advantages of living a debt free life and how to achieve your debt-less zen

Regardless of how you end up with a loan, being in debt is a vicious cycle that effectively creates a glass wall between you and happiness.

The benefits of being debt-free clearly extend beyond the financial scope. Let us shed some light on the advantages of being debt free.

Considering Retirement? Here are 5 steps to help you plan for a secure future

Making sure there are enough funds to provide you a financial cushion is the crux of retirement.

Can’t break out of credit card debt? Here are 6 things you should do

As long as you have a good plan to get out of debt and you stay positive, the situation can teach you better money management.

4 Lesser Known Investment Options You Need To Start Considering

Today we bring you information about some lesser known yet extremely beneficial schemes available in our country.

7 Basic Tips for Effective Wealth Management

Alan Lakein once said, “Failing to plan is planning to fail”. The quote speaks for itself!

Top 5 myths about Chit Funds you probably believe

There are many prevalent myths and misconceptions about Chit Funds, many of which you might believe as well. Time to bust the myths!