Author: Shehnaz Beig
Shehnaz Beig
Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
A 3-in-1 Demat account is a powerful tool that combines three essential financial accounts: Demat account, trading account, and savings account. It simplifies investing and trading processes by automating transactions across these accounts. Whether you’re a beginner or an experienced investor, understanding the features and benefits of this type of account is vital to managing your finances effectively. What is a 3-in-1 Demat Account? A 3-in-1 Demat account merges three critical functions: With this integration, the process becomes seamless. When you purchase stocks, the money from your savings account is automatically transferred to your trading account. Once the purchase is…
The income tax system in India offers two options: the old tax regime and the new tax regime. Both have their own tax slabs, rules, and benefits. Taxpayers can choose the regime best suited to their financial situation and needs. Here’s an easy guide to help you calculate your income tax under both systems. Understanding Tax Slabs New Tax Regime The new tax regime is designed to simplify taxation with lower tax rates but fewer exemptions and deductions. Key features include: Old Tax Regime The old tax regime offers various exemptions and deductions for those who plan their finances strategically.…
Paying taxes is a responsibility every income-earning individual or business has towards the government. But what happens if your tax liability is significant? That’s where advance tax comes in. Advance tax is a system where you pay your taxes in parts throughout the year rather than in a lump sum at the end of the financial year. Let’s break down everything you need to know about advance tax in simple terms. What Is Advance Tax? Advance tax is the income tax that you pay to the government before the financial year ends. Instead of waiting until the end of the…
Studying at the Indian Institute of Technology (IIT) is a dream for many students. Now, this dream comes with the opportunity to study abroad. IIT Abu Dhabi, under the guidance of IIT Delhi, has opened admissions for its second batch of undergraduate courses for the academic year 2025-26. This exciting opportunity not only offers world-class education but also the chance to experience life in a global hub like Abu Dhabi. If you are keen to combine an IIT education with international exposure, this could be your golden chance. IIT Abu Dhabi: A New Gateway for Global Education IIT Abu Dhabi…
Taxes are a fundamental part of any country’s economic structure, and India is no exception. As responsible citizens, paying taxes helps fund public services, infrastructure, education, healthcare, and defense. However, many people may wonder what happens if they fail to fulfill their tax obligations in India. Whether it’s deliberate tax evasion or an unintentional failure to pay, the consequences can be significant. Here’s an in-depth look at what happens if you live in India and do not pay your taxes. Understanding the Tax System in India The Indian tax system is divided into two major categories: direct taxes and indirect…
In an unusual incident in the Arai police station area of Kishangarh, Ajmer, Rajasthan, Rs.16 lakh was mistakenly credited to the account of a farmer named Kanaram Jat. The money, intended for New India Insurance Company as a crop insurance premium, was accidentally transferred to Kanaram’s account by the Bank of Baroda. When Kanaram discovered the unexpected amount in his account, he immediately withdrew Rs.15 lakh over three days and used it to repay his outstanding loans. Bank’s Mistake Leads to Chaos The bank realized the error only after more than a week, causing a panic among its staff. On…
A recent suggestion by Larsen & Toubro Chairman SN Subramaniam, proposing a 90-hour workweek without breaks on Sundays, sparked a heated debate on work-life balance in India. The discourse has reignited concerns about overwork, burnout, and its effects on health. Interestingly, this conversation aligns with global data on working hours, which shows striking differences in how nations approach work culture. Let’s delve into which countries work the longest, which enjoy shorter working hours, and where India stands in this global comparison. Top Countries with the Longest Working Hours According to the International Labour Organization (ILO), Bhutan holds the top spot…
Paying taxes is an essential part of financial responsibility, but you can legally reduce your tax burden by taking advantage of various saving schemes and investment options. With India offering two distinct tax regimes, understanding the available options can help you save significantly. Let’s dive into the details of how you can save taxes under both the old and new tax regimes. Understanding the Old and New Tax Regimes In India, taxpayers can choose between the old tax system and the new tax regime. Each has its own structure and benefits: Old Tax System: New Tax Regime: By understanding these…
When investing in equity mutual funds, you might encounter terms like large cap funds and blue chip funds. Both these categories often refer to investments in well-established companies, yet their names may confuse new investors. Understanding the key differences between these categories and other mutual fund options is crucial for making the right investment decision. What Are Large Cap Funds? Large cap funds are mutual funds that invest predominantly in the top 100 companies by market capitalization. According to SEBI (Securities and Exchange Board of India), large cap funds must allocate at least 80% of their portfolio to these leading…
Mutual funds have long been a favored investment tool for individuals looking to build wealth over the long term. Known for their ability to provide attractive returns with less hassle than directly investing in the stock market, mutual funds are widely regarded as a convenient and effective financial instrument. However, what many investors may not know is that mutual funds can also serve as a financial safety net in times of emergency. By leveraging mutual fund units as collateral, investors can secure instant loans with minimal paperwork and low interest rates. Here’s a detailed look at this useful facility. What…