Here is all about Leave Encashment and its Tax Implications: Click here to be a part of myMoneySage Elite an exclusive community to the elite and discerning who want to maximize their wealth by leveraging the power of unbiased advice Mr. Anurag Basu has been working with a private company for 25 years and will […]
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A guide to Gratuity & Its Tax Implications: Gratuity is a part of the salary paid by an employer to his employee for the continuous service of five or more years(minimum 240 days a year). It is one of the retirement benefits received by an employee from his employer upon leaving his job. In other words,
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9 Important terminologies that you should be knowing before you purchase a Car Insurance: Ms Suhani Arya is a successful designer who works with a leading interior décor company. She is currently managing somehow with a two-wheeler, but she desires to buy a car as she moves up the career ladder. She does a primary research and finds
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9 important terminologies associated with Health Insurance: Mr Siddhartha Mehra is a successful finance professional who works at a leading investment consultancy. He is a workaholic by nature. This hectic work & busy schedule makes him skip meals & leaves him with no time for exercise. He feels that this hectic life may soon take
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Here is all you need to know about your Salary and its Tax Implications: Mr. Anil Gupta, recently got his first salary. When he was verifying the salary amount that was credited to his account, he was surprised to find a lesser amount than expected. As it was Mr. Anil’s first job, he was unaware
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Here are 15 important terms you should be knowing before you purchase a Life Insurance: Mr Rahul Verma, 35 years old IT professional, is a happily married man and the only earning member of a family of 5 members. He lives in Bangalore with his wife, aged parents and a five-year-old son. Being the only
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Tax Deduction at Source (TDS) rates for the Fiscal Year 2023-24 & Assessment Year 2024-25: Tax Deduction at Source i.e. TDS came into existence with an objective to collect income tax at the point of origin of income by the Government of India (GOI). As per the norm, a person (deductor or payer) who is
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Here is a list of 10 leading Monthly Income Investment choice in India: It’s always a great feeling when you are financially Free and don’t have to worry about your monthly expenses. When investing for monthly income, all of us would love to have our principal intact and at the same time get high and
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All you need to know about Income Declaration Scheme 2016: If you have undisclosed income then here is a golden opportunity to come out clean. The Income Declaration Scheme (IDS) 2016, which came into effect on 1st June 2016, helps you to legalise your unaccounted money by paying tax, surcharge & penalty, all totalling up to
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A guide to FATCA & CRS Compliance: Click here to be a part of myMoneySage Elite an exclusive community to the elite and discerning who want to maximize their wealth by leveraging the power of unbiased advice In the recent times, while interacting with your banks, mutual fund houses or any other financial institutions, they might
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