Tax Concepts in India – Know Meaning, Types of Taxation & More
Taxes play an essential role in the functioning of a country, and it is the responsibility of every citizen to pay their fair share of taxes. By paying taxes, you…
Difference Between Tax Planning and Tax Management
Both tax planning and tax management can help us minimise taxes and ensure legal compliance, but they often need clarification as the same. Every taxpayer needs to understand the difference…
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…