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How To Be a Smart Shopper This Festive Season

The festive season is back, and we are all too excited. The incredible discounts, new variety, the vibe at the marketplaces are all experience in itself. But have you planned your shopping list yet? Often, we wait for the festive season all year long to save money and make our big-ticket purchases, but end up getting caught in the festive rush and overspend. Let's make sure that this year is different. Let us look at some Do's and Don'ts for this year's shopping spree to get you the best deal out there and save you money. Do's Make a List - Plan what you want to purchase this festive season beforehand. Sit down with your better half, make a list of everything you wish to buy, and think of the budget you plan for each of these purchases. If you leave with the naive plan of buying something good, you are most likely to buy something less useful while overspending as well. Do Your Research - Once you have made your shopping list, you must also lookup for ...

Introduction to Taxation

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Learning about taxation in India might seem like a complicated subject, however, it is quite easy to figure out. Simply put, taxes are a common, mandatory contribution to fund public goods and services that everybody uses. Everybody contributes, so that everybody benefits. Do you enjoy well equipped hospitals, good roads, and modern schools? Probably, yes. Neither of these would exist without everyone’s contribution, including yours. More resources collected from taxes, mean better public services. However, there are various types of taxes, exemptions from taxes and tax saving instruments. It is important to understand each of these concepts for effective financial planning. Types of Taxes Did you know that you already pay taxes? There are different types of taxes that we pay. In India, taxes are collected by the central and state governments. In this section, we’ll help you learn more about direct and indirect taxes. Direct Taxes are directly paid to the central govern...