Similar to TDS, many transactions require Tax Collected at Source (TCS) at the prescribed rate against the type of goods sold. The Income Tax Department mandates every taxpayer to furnish their PAN to the collector of TCS. This is simply...

What is Section 194C of Income Tax Act? As per section 194C of the Income Tax Act, 1961 if any person pays an amount to any resident contractor in pursuance of a contract between the contractor and a specified person...

While going through your pay slip or offer letter you must notice the allocation of transport allowance. Like other allowances, transport allowance is also a part of your CTC and fixed pay. In recent years, the taxability and tax exemption...

For a salaried employee, the income from salary and its tax treatment is of utmost importance. This is because a mere misplanning can lead to either a higher deduction of TDS or higher tax liability. For this purpose, you must...

What is ICICI Money Multiplier FD? The ICICI Money Multiplier FD feature gives you the liquidity of a Savings Account, coupled with the high earnings of a Fixed Deposit. This is achieved by linking your Fixed Deposit (FD) Account with...

Investment in fixed income instruments provides much-needed stability to your investment portfolio. Amongst the various investment options available, Kisan Vikas Patra (KVP) is an old and popular option amongst investors. It is a fully secure investment as it is backed...

At a time of financial emergency it is quite obvious to seek a loan. Availability of a loan is difficult if you do not have a credit score or have a low credit score. It is wise to secure a...

Fixed Deposits or FDs are one of the most popular and traditional savings instruments in India. Investment in an FD can be made for a few weeks to few months or few years at a fixed interest rate. In this...