What is Tax to GDP Ratio in India?
When one needs to assess how well a country’s government uses its economic resources through taxes, one of the key metrics used is the tax to GDP ratio. As the…
A Beginner’s Guide to Understanding Income Tax in India
When you first deal with taxes yourself, it’s one of those moments that makes you realise, “Wow, I’m a real grown up now!” But all that excitement starts to slowly…
Types of GST in India | Explained
What is GST? Due to the various types of indirect taxes levied on consumers and businesses, many felt the need for a unified tax system. It was the government led…
Difference Between Tax Exemption and Tax Deduction
The Income Tax Act of 1961 specifies various tax exemptions and deductions available to taxpayers in India. These exemptions and deductions can help reduce your overall tax liability, but they…
What Is Asset Allocation and Why Is It Important?
Investing is like an art where the key is to balance different types of investments to boost returns and lower risk. Sometimes stocks perform best, while other times gold or…
Form 26AS – What is Form 26AS? How to Download Form 26AS to File ITR
One of the most important documents every taxpayer should be familiar with is Form 26as. Also called the Annual Tax Statement, Form 26AS helps you file your Income Tax Return…