Financial Fraud Awareness: Identifying Risks and Protect Yourself

The Reserve Bank of India (RBI) is hosting the Financial Literacy Week 2024 from February 26th to March 1st, with the central theme being ‘Make a Right Start-Become Financially Smart’. Through this initiative, the RBI aims to boost the understanding of financial discipline at the right time, especially for students just graduating from college. In …

Capital Receipts: Important Details and What You Should Know

Capital receipts are non-business income that either reduces the assets or increases the liabilities of a business. Simply put, these are receipts for income generated through occasional capital activities and not routine operating activities. It is also a written record of payment made in exchange for goods or services. Because of the capital nature of …

Self Assessment Tax : Steps to Calculate & Pay Online

Understanding what is self-assessment tax is essential to comply with the country’s taxation rules and avoid any consequences of non-payment or delayed payment. The government collects income tax in 3 ways:  Read on to learn more about the SAT, how to calculate it and how to make the payment.  Meaning of Self-Assessment Tax This is …

What Is the Standard Deduction in Salary: All You Need To Know

If you are looking to reduce your tax liabilities, you must be aware of what is the standard deduction in salary. Remember, the deductions are proposed based on the way how taxpayers utilise their income. Here’s what you need to know: Section 16 of the Income Tax Act of 1961 provides certain tax-saving measures for …

10 Easy Steps to Pay Your Income Tax Online in 2026

Wondering how to pay income tax online? The process is now fully digital through the Income Tax Department’s e-Pay Tax portal. Enter your PAN details and verify using OTP. Select the assessment year and choose the type of payment. Fill in your tax amount and complete the payment using net banking or other available modes. …

Electronic Clearing Service: All you need to know

The Electronic Clearing Service (ECS) is one of the main drivers of digital transactions in India. This facility allows customers to automate fund transfers from one bank account to another.  To know more about the ECS mechanism in banking, its types, how it works and more, read on.  What is an Electronic Clearing Service?  Here …

What is Buy Now Pay Later? Know its meaning, benefits and more

The Buy Now, Pay Later (BNPL) facility is becoming increasingly popular as more and more e-commerce platforms, banks and retailers now offer it. Thanks to its easy and quick approval, a large number of borrowers can now access short-term credit instantly.  To better understand what is Buy Now, Pay Later, how it works, its advantages …

Digital Signature Certificate: Important Aspects You Need To Know

A Digital Signature Certificate has become a legal alternative to a wet signature. This comes after the IT Act of 2000, which mandates the use of digital signatures to ascertain the authenticity of electronic forms.  To know more about what is a Digital Signature Certificate, its types and how you can download it, read on.  …

Collateralised Loan Obligations: Everything You Need To Know

Collateralised loan obligations or CLOs, are an investment option that has the potential for higher returns. They are an alternative to corporate bonds and have a history of stable performance.  Read on to learn what CLOs are, their structure, process and more. What are Collateralised Loan Obligations? Here are some key points about CLOs: Here …

Income Certificate Online Download – Complete Process Explained

An income certificate is an official document that shows your annual income from all sources. It is needed for government schemes, subsidies, reservations and fee concessions. You can now easily download income certificate online in just a few minutes through your state’s portal. It is issued by authorised officers like the tehsildar or collector. Keep …