Finance Blogs

You can now download an income certificate online through a simple process, which reduces the hassle when applying for a government scheme. This certificate is an official statement issued by the state and central governments.  It is an essential proof of eligibility required for various schemes as it confirms your annual income from all sources, …

Smart financial planning is crucial for all young professionals because of fluctuating financial standing and inflation rates. Doing so enables you to:  Save for financially demanding times Build a fund for retirement Grow your wealth Saving from your income Invest additional funds regularly Build better saving habits Provide security against inflation and more With these …

As the dates for the release of the Economic Survey and Union Budget 2024 are close, leaders across industries and taxpayers have begun speculating what Finance Minister Nirmala Sitharaman will have for them. Since it is going to be an Interim Budget to be announced just before the General Elections in 2024, the Central Government …

With the Union Budget 2025 knocking at the door, massive speculations are arousing in all sectors as to what this budget will offer. This year’s budget is expected to be focused on promoting economic growth, unveiling targeted reforms, and boosting investments in critical areas, ensuring long-term development and financial inclusion. In addition, many sectors expect …

Knowing the Budget 2024 live updates is crucial as it reveals updates about government schemes and taxes that benefit citizens. The Union Budget is the annual statement outlining the financial plan that the government proposes for the upcoming fiscal year. It provides detailed information about the following:  Finance Minister Nirmala Sitharaman presented the Union Budget …

Thinking of taking a loan but confused about how you’ll repay it every month? Wondering what EMI really means or how it’s calculated? You’re not alone. Many first-time borrowers often ask questions like: What is the full form of EMI? How is EMI calculated? Are there different types of EMIs?   Here, we’ll break down everything …

The option to block your ATM card is one of the ideal options to ensure better protection of your funds. You can rely on this option if:  When you realise your card is not at risk after you block it, you can easily unblock it. This gives you complete access to the funds and ensures …

Businesses issue a GST credit note under special circumstances that allow them to correct any discrepancies in bills and invoices. It helps businesses maintain their account books without any discrepancies. Issuing credit notes is more convenient than reissuing new invoices, making them more favourable.  Read on to know the meaning of a credit note, its …

It is crucial to know the difference between CGST and SGST, and IGST to file accurate returns. To further the ‘One Nation, One Tax’ policy, the Government of India introduced a new indirect tax regime called the GST in 2017. These three categories of GST simplify interstate and intrastate transactions.   To learn what is IGST, …

Prepaid expenses include all the bills and financial obligations for products or services for which you pay in advance. Business owners often make recurring payments in advance to avoid any last-minute delays and hassles.  Doing this also allows businesses to relieve themselves of obligations in future accounting periods. Once paid, you can utilise the goods …