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.

Securing loans in India is no longer a hassling process as it used to be decades ago. Now, if you secure a loan from banks, it is monitored. This includes the number of loans you secure, the amount, the type of loan, and how soon you pay it. All these pointers are analysed to determine your credit behaviour.

This credit behaviour ascertains if you will be a suitable candidate to secure loans in the future. All of this is monitored by the credit bureau in India. They are established to monitor and analyse financial transactions in India. We will be learning more about credit bureaus in India, including what they are, their functions and the number of credit bureaus that currently operate in India.

Life is full of unpredictable obstacles and while many might be unavoidable, you can always prepare ahead and be ready for them. One effective way to prepare for life’s financial obstacles is to learn how to save money before you can figure out where to invest your money. In order to save money effectively and efficiently you need to know the various ways in which you can boost savings and manage your day-to-day expenses, even if your income remains unchanged.

Here is a detailed blog on the importance of saving money, tips on how to save money, and the different ways to save money to help secure your financial future. 

Inflation impacts all of us and its impact is not just limited to an increase in prices of goods and services. It can also have significant impact on the potential return on investment. As a result, a clear understanding of what inflation is and how it impacts investments can help investors determine if a specific investment is suitable for their needs.