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National Pension System (NPS) is one heck of a tool, to help you sustain during the golden years of your life

National Pension System (NPS)

No matter how much we like to “live in the moment”, it’s true that the future is uncertain. In such a scenario, it’s best to have a plan to keep your future safe.   Wondering what we’re talking about? We’re talking about the one assurance that will not only help you enjoy the fleeting moments of the present but will also ensure that you have a safe and secure future. National Pension System The...

Want to claim tax deductions for buying medical insurance policy? Section 80D is what you need.

Section 80D

Medical insurance is not something optional today. And words, at lengths, have been spoken and written, about the need to get one. But still not a lot of inroads, in this regard, have been made till date. Even when everyone knows that they cannot pay for their medical expenses, the “if and when it will arise” is what stops them from getting one. People keep pushing this to the back of their...

Everything You Need to Know About Your Salary Slip

Indian salary slip format download

Ever wondered what’s written on your boring salary slip? Most of the people throw the salary slip in the dustbin as they think that it is only important for the one who has to either apply for a loan or for a credit card. Probably, the only thing that matters to them is the money they earned along with how much amount is deducted from their salary. However, it’s important to...

This is what happens to Income Tax Defaulters

sqrrl- blog- what happens to income tax defaulters

Paying taxes at the right time, and the right amount is not only your responsibility but your duty. Whatever amount you pay as Tax, goes to the welfare of your own country, which is directly related to you. Still, some people try to escape this basic responsibility, not understanding it’s need. The government too takes this seriously and hence, officials have been directed not to shy away from...

Increase your take home salary- Know how to save on Income Tax

sqrrl-how to increase your take home salary blog header

Income Tax Act in India has many provisions that allow us to save money, so we can increase our take-home salary. However, you need to know these rules/provisions in order to get the maximum possible tax benefit on your income. The best way to get started is to understand your salary slip. You can check out our complete guide to understanding the components of salary slip here.  Now, let’s...

5 Tax Saving mistakes we should avoid

sqrrl- 5 tax saving mistakes blog header

Income tax has become an indispensable part of one’s life, so much so that any income we earn is automatically deducted in our heads to adjust for taxes.  We work really hard to Save & Earn money, and paying money for any other purpose than self-use just seems like a waste, if not a downright pain. Though, if you think about it, paying taxes is also not totally a selfless act we commit.Having...

Pay Less Income Tax by Investing in ELSS funds with Sqrrl

sqrrl axe tax screenshot

“The hardest thing in the world to understand is Income Tax”  -Albert Einstein  And when a person like Einstein says this, you better believe that he’s not half wrong.  March is closing in on us fast, and it won’t be too long before almost everyone is looking for investment options to get an exemption on Income Tax. And before YOU start doing it, we want you to stop right...

How to Calculate the Income Tax that I have to pay this financial Year 2018-19

sqrrl-blog-how much income tax do i need to pay

Every individual of a country is entitled to pay Income Tax based on the level of earnings if he crosses the limit set up by the government. As you Save and Earn, the government also needs to earn to run efficiently by means of taxes. Individuals who do not have ample income and not required to pay any income tax as they do not cross the set limits. However, most of the population of our country...

What is Income Tax Slabs 2018-19 ? A Beginners Guide to Income Tax

income tax

Quite often we hear our parents talking about filing income tax returns, Income Tax Slabs 2018-19, income tax calculations and wondering how to save money on taxes when the annual tax season arrives. Even the newspapers and media keeps on reminding taxpayers to file their returns timely. What is the entire buzz about? What does income tax really mean? Income Tax Income tax is a sum of money taken...

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