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TDS is Tax-deducted at the source which is a taxation rule as set by the government wherein your applicable taxes are deducted even before you receive the salary. The TDS calculation is done in accordance with the tax slab…
WHAT IS AN eWAY BILL? An eWay bill is a receipt which transporters need to carry with them while transporting the material or goods at different places under the Goods and Service Tax Law. For goods amounting to Rs. 50,000…
WHAT IS GST? GST is Goods and Service Tax which is an Indirect tax prevalent in India. This tax has replaced a number of other indirect taxes existent earlier. On March 29th, 2017, the GST Act was passed in the…
Most of us who have not yet been savvy with the investment world often get confused between stocks and Mutual funds. There is a fundamental difference in both the entities which belong to the same parent industry; trading. Before jumping…
For individuals whose total income from all the possible sources does not fall under any taxable bracket of the Income Tax Act 1961, during the preceding year, need to file the taxes in order to claim the returns on them….
TAX is the keyword these days on everyone’s mind. Be it tax-saving or tax filing or tax slabs etc., it is the tax saga all around. If you are a regular salaried employee, the tax is much more comprehensive. Your…
Index Funds are a category of mutual funds that imitate a market index. A BSE Sensex Fund will invest in stocks of the 30 companies appearing on the BSE Sensex in the same proportions. Index Funds are passively managed as…
Equity Linked Saving Scheme (ELSS) is a particularly popular tax-saving instrument, mainly because of having the lowest lock-in period among the options available under Section 80C. Even so, there are hundreds of options available and choosing the one that’s right…
Section 80C of the Income Tax Act allows for a deduction of up to Rs. 1.5 lakhs from an assessee’s taxable income if the assessee invests in any of the instruments mentioned under this section. There are various instruments that…
The Axis Long Term Equity Fund is an open-ended, highly diversified equity fund that has the objective to provide the investor with long-term capital appreciation and income. This fund invests primarily in mid-cap and large-cap companies with a sustainable business…
