Tag: Free
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A Guide to Individual Taxation for FY 2024-25 and FY 2025-26 with Insights from Budget 2025 – Part I
Overview The Union Budget 2025, significant revisions to the income tax slabs under the new regime. These revisions are targeted at reducing the financial burden on the taxpayers and boosting overall consumption in the economy. However, many are uncertain about the implications of these changes. This blog serves as an essential reference guide for FY…
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Emergency Funds – Your Financial Cushion to Navigate Uncertainty
Life is unpredictable, and unexpected needs can arise at any time. Neeta, a corporate employee and the sole breadwinner of her family, faced a crisis when her daughter Supriya fell critically ill. Unable to work for months, she struggled to manage her routine expenses like groceries, EMIs, utility bills, etc. while also bearing the additional…
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What is Tax deduction Account Number (TAN)?
Understanding tax concepts is important for any business organisation for the smooth functioning of its operations. One such important thing is the taxes that need to be deducted from certain specified payments including salary. The organisations, which are required to deduct tax at source (TDS) or collect tax at source (TCS), have to acquire a…
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Chapter VIA Deductions that you did not know about!
80TTA/80TTB: 80TTA is the deduction regarding to SB interest for the person aged below 60 years the limit on which deduction is Rs. 10,000/- or actual amount received whichever is less. 80TTB is for the person aged above 60 years, the limit of deduction is Rs. 50,000/-which also includes FD interest received from banks, cooperative…
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Have a Business Idea? Start Here!
So, you have a business idea and you have set your business objectives! The main confusion right now would be where to start? Which is the most suitable structure for your business idea? Deciding the structure of the business is important because it will define the legal expenses, compliance costs, taxes, and ease of investment.…