With a life insurance policy, you can protect your loved ones against economic uncertainty, in case you are not around. With changing times, insurance policies moved to mere protection plans to investments. And now, you can even use it to generate funds when needed. This feature is called as loan-against-insurance policy where you get triple-fold benefits of protection, investment and loan, so that you can take care of your urgent financial requirements without going anywhere else. Let’s now understand how the process of loan again insurance policy works by focusing mainly on loan against policy eligibility, documents required, and how to apply for this type of secured loan in this blog.

If you have ever opened a bank account or availed any financial service, your service provider must have asked you to complete the KYC process. KYC stands for Know Your Customer and is a mandatory requirement for the customer identification process.

Just like every other financial service, you also need to do KYC in mutual funds, before you become eligible to start investing in them. In this blog, we have discussed the meaning, process importance and other intricate details related to this identification.

RBI (the Reserve Bank of India) launched the e-rupee or digital rupee (e₹) on the 1st of December 2022 in the 4 Indian cities of New Delhi, Mumbai, Bengaluru, and Bhubaneswar. The digital rupee serves the same purpose as that of physical money but comes in digital or virtual form. Let’s know more about it including where to buy digital rupee and more in this blog.

As you are looking to set up a retirement plan and reap its benefits, you would want to understand the tax implications of the Employee Provident Fund (EPF), more popularly known as PF.
In India, approximately 12% of base salary and Dearness Allowance (DA) is deducted from the Employee’s Provident Fund. Keep reading to learn the tax implications of PF withdrawal and how to deal with your finances accordingly.
Understanding the EPF tax implications for a salaried employee is vital for a sound financial plan. As a salaried employee working in a company of 20 or more employees, you are automatically eligible and legally bound by the company to be enrolled in the scheme. But it is important to understand how and when to withdraw from your PF or EPF account so that you don’t get taxed unnecessarily. Knowing the terms and conditions of EPF or PF withdrawal and its tax implications can help you manage your funds more efficiently, which is exactly the focus of this article.

All individuals with taxable income must pay income taxes under various categories. Among the available options, Tax Deducted at Source (TDS) and self assessment tax are two ways income tax is paid to the government. The self assessment tax mechanism is most commonly how self-employed tax payers to ensure they pay their due tax prior to completion of the financial year and before filing their tax returns.

Note that the Income Tax Return (ITR) filing is not considered complete unless the full tax amount is paid under these heads. An invalid submission of returns often leads to a high-interest rate on the tax amount due and other kinds of penalties.

Let’s know more about the self-assessment tax in this article.