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In today’s fast paced life and evolving economic scenario, effective management of personal finances has become critical for every individual. Personal finance is an umbrella term that comprises various aspects of an individual’s finances, and a Personal Finance Manager (PFM) is the one responsible for managing your finances effectively and efficiently. The role of a…

Financial planning is the cornerstone of achieving long-term financial stability and independence. Meticulous planning with precision, thorough research and acute foresight is the key to successful financial planning. People often proceed with their financial investments without thoroughly understanding the future risks and complexities involved in these steps. Poor planning, overlooked details, and unrealistic expectations can…

A Disciplined Approach to Financial Health Life moves fast, and it’s easy to let our finances take a backseat. Neglecting  little financial leakages can lead to big problems down the road. Therefore, it is critical to manage finances efficiently to reduce your financial stress. By tackling the financial issues head-on, you can protect the hard-earned…

Managing your finances efficiently is one of the most effective steps that you can take to improve your financial future. Next salary day arrives: It’s time to plan and save taxes. Here are some intelligent money moves in the Indian context: Create and Maintain a Budget To know where the money goes, start by listing…

Managing your personal finances is pivotal to building a strong foundation, which is crucial for all your financial battles. A structured approach in handling money can significantly improve one’s financial management and stability. Here’s a concise guide to help in achieving the same. Set clear Financial Goals Always dream big and start small; set clear…

Digital currency, popularly known as cryptocurrency, has revolutionised the global financial landscape, and India is no exception. As the world shifts towards a digital economy, the presence of digital currencies in India has also been significant. Let us in this article, try to delve deeper into the entire process and chronology of events in India…

Stay Updated on Changes The first step in staying compliant to the tax laws is to keep a regular track of the latest updates in income tax laws. These changes, which come through Finance Acts [which are presented at the time of the Union Budget] and amendments, can affect things like tax rates, exemptions, and…

The Income Tax Department knows all your financial transactions even if you don’t tell! How? Through three forms viz. The combined details from these Forms tell the Income Tax Department, all about your income, major expenses and investments. Let’s get into the nitty-gritty of each of these documents. Form 26AS Whenever tax is deducted from…