1. What Are Income Tax Slabs? Income tax slabs define the progressive tax rates applied to different income ranges. As your income increases, the applicable tax rate also increases—a system aimed at equity and fairness in taxation. 2. Old Regime vs New Regime Old Regime: Higher tax rates, but allows deductions/exemptions (like 80C, 80D, HRA, […]
Ancient Beginnings Mentioned in Manu Smriti, with traders & artisans paying ~20% of income; agriculturists paid between 1/6 and 1/10 in kind. Kautilya’s Arthashastra (~230 BC) introduced structured taxation: fixed rates (e.g. 1/6 for farmers), progressive slabs, scheduled payments, tolls, export/import duties First Modern Income Tax – 1860 Introduced by Sir James Wilson to offset losses
What is Income Tax Income tax is a portion of your earnings that you pay to the government. It’s used to fund vital services like healthcare, education, infrastructure, and national security. TAX – Let’s Start Simple! Think of income tax as your share in keeping the country running. The money you contribute helps maintain public
Filing your Income Tax Return (ITR) can feel overwhelming, especially when you’re unsure about the different forms involved. Two of the most crucial documents in this process are Form 16 and Form 26AS. While Form 16 is issued by your employer and shows the TDS deducted from your salary, Form 26AS is a consolidated tax
Form 16 vs Form 26AS: Know The Difference Before Filing Your ITR Read More »
Investing During Festivals – A Golden Window for MFDs Festivals in India aren’t just spiritual—they’re financial turning points. From Diwali and Dussehra to Eid, Christmas, and New Year, this is when emotional readiness meets financial liquidity. The season sees cashflow maybe through gift money or bonus. Families discuss financial goals. Plans are made for big purchases
The Financial Literacy Crisis in India – and What BFSI Institutions Can Do About It India’s economy is booming. Startup funding is back on the rise. Digital payments are breaking records. Investment platforms are seeing surges in new users. And yet—despite all this momentum—we’re facing a quiet crisis: Only 27% of Indians are financially literate. That
India’s Financial Literacy Crisis: The Role of BFSI Institutions Read More »
1. Why India’s Financial Literacy Gap Is Everyone’s Problem Every rupee you don’t understand could cost you more than you think.For individuals, the cost of not knowing shows up in small but painful ways: Overdraft fees Loan rejections Low credit scores Insurance that doesn’t cover what it should Missed investment opportunities But for India —
In today’s fast-paced work environment, keeping employees engaged in learning is critical for both individual development and organizational success. A well-designed Learning Management System (LMS) can do more than just deliver content — it can create a dynamic, personalized, and motivating learning experience. 1. Personalize Learning PathsCreate tailored learning journeys that align with each employee’s
What is Microlearning? Microlearning is a modern approach to training and education that involves delivering information in small, focused bursts. Instead of overwhelming learners with long sessions, microlearning breaks down complex concepts into digestible, easily accessible modules. When to use? The benefits of Microlearning #Microlearning #CorporateTraining #LearningAndDevelopment #EdTech #DigitalLearning #BiteSizedLearning #GamifiedLearning #MobileLearning #Finlabs
Bite-Sized Learning, Big-Time Impact: The Power of Microlearning Read More »
In an increasingly complex financial landscape, being financially literate is not just a personal benefit—it’s a societal necessity. While financial education has become common in corporate circles, many communities across sectors and regions remain underserved and unaware of essential financial tools and strategies that could greatly improve their lives. At the heart of true financial
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