Section 194C of the Income Tax Act, 1961, lays down the rules for tax deducted at source (TDS) on payments made to contractors and sub-contractors in India. It ensures taxes are collected efficiently before the payment reaches the recipient, helping the government maintain compliance across industries. For businesses that frequently hire contractors for services, understanding […]
Many salaried professionals in India wonder whether earning ₹10 lakh a year can be completely tax-free. The short answer is no. Under the latest income tax rules, including changes introduced in the Union Budget for FY 2024-25, a ₹10 lakh income falls into a higher tax bracket, making it taxable. However, with the right planning
Health insurance is no longer a luxury—it’s a necessity. With rising medical costs and increasing lifestyle-related illnesses, a single hospital visit can disrupt your financial stability. Whether you’re a salaried employee, a business owner, or a retiree, understanding how health insurance works—and choosing the right plan—can save you from massive out-of-pocket expenses. This guide breaks
The income tax structure in India has undergone significant changes following the Union Budget 2024. The government has revised tax slabs and increased exemptions, aiming to simplify compliance and reduce the tax burden for individuals. Whether you’re a salaried professional, senior citizen, or pensioner, staying informed about the latest tax updates is crucial for smarter
