Category: Finance

The Employees’ Provident Fund or EPF is a popular savings scheme that has been introduced by the EPFO under the supervision of the Government of India. The employee and employer each contribute 12% of the employee’s basic salary and dearness allowance towards EPF Individuals may opt for either partial or complete withdrawal of EPF. But… Continue reading EPF Withdrawal Rules

The government, through EPF regulations, aims to provide employees with an emergency fund which can cater to their retirement and other exigencies. EPF is managed by the Employees’ Provident Fund Organization (EPFO). EPF compliance entails regular filing of EPF returns. The due date to file EPF return is 15th of the subsequent month. The return… Continue reading Procedure to file EPF Return Online

Be it an individual or any business/organization, all have to pay the respective taxes in various forms. These taxes are further subcategorized into direct and indirect taxes depending on the manner in which they are paid to the taxation authorities. Direct tax Direct tax is one that is levied directly on a taxpayer. It is… Continue reading Types of Taxes

Debt management is the process of getting your debt under control through financial planning and budgeting. The goal of a debt management plan is to use these strategies to help you lower your current debt and move toward eliminating it. There are two main types of debt management plans: Debt consolidation: This involves consolidating all of… Continue reading Debit Management

To process payroll using Zoho Payroll, you can follow these general steps: Set up your company and employee information: Create a Zoho Payroll account and log in. Enter your company details, such as company name, address, and tax information. Add employee details, including their personal information, salary, tax information, and any deductions or allowances. Configure… Continue reading Zoho Payroll

There are many ways to invest your money to grow your wealth. Some of the most common investment options include: Stocks: Stocks are shares of ownership in a company. When you buy stocks, you own a tiny slice of that company and will benefit from any rise in its share price, as well as any dividends that… Continue reading How to invest your money to grow your wealth.

 A nil return is an ITR filed specifically to declare to the Income Tax department that no taxes have been paid in the respective financial year. Nil returns can be filed only when the income is below the exemption limit of rs.2.5 lakhs or when a rebate reduces the tax liability to zero ITR may… Continue reading Benefits of filing nil returns

Financial services refer to a wide range of economic activities that involve managing money and providing various financial products and services to individuals, businesses, and governments. These services are typically offered by banks, credit unions, insurance companies, investment firms, and other financial institutions. Here are some common types of financial services: 1.Banking Services: Banks offer… Continue reading Financial Services

Choosing the right insurance can be a daunting task, but it’s important to do your research and make sure you’re getting the best coverage for your needs. Here are a few tips to help you choose the right insurance: Understand your needs. What are you looking for in an insurance policy? Do you need life insurance,… Continue reading How to choose the right insurance

Direct tax impacts your disposable income and reduces it. However, the Income Tax Act, 1961 has listed various ways in which you can reduce the burden of direct tax. Some of these ways are as follows – Invest in life insuranceLife insurance plans are tax-saving financial protection solutions. The premium invested earns you a tax… Continue reading Ways to save direct tax