Wishfin Blog

NTR housing scheme is launched by the State Government of Andhra Pradesh. The said scheme aims to develop 10 Lac houses with a total expenditure of 16,000 crores. This scheme was launched in the year 2016 under Pradhan Mantri Awas Yojna. This...

HUF stands for Hindu Undivided Family in which all the family members with a Hindu Culture can come together and remove some tax burden by forming a HUF. On the other hand, Buddhists, Jains, and Sikhs can also build a HUF and claim for the tax...

ZestMoney was founded in 2015 by Lizzie Chapman, Priya Sharma, and Ashish Anantharaman and is one of the fastest-growing consumer lending fintech companies which is engaged in consumer lending across India. ZestMoney provides the platform which...

If the government is charging taxes on the income of the individuals then it has also given many exemptions and deductions to reduce the tax burden. You might be aware of the fact that you have to pay taxes on capital gains if it has aroused due to...

Taxes are the main source of earnings for the government and it is the duty of every individual to pay taxes on their income. The taxes are used by the government to enhance various sectors like Health, Education, Defense, Infrastructure, etc....

Every individual is liable to pay taxes on his income even it is a capital gain. Any profit or gain an individual generates by the sale of a capital asset is known as Capital Gain. So, you will have to pay taxes on that income that arises in the...

House Rent Allowance is a component of salary paid to the employee by the employer in the favour of accommodation and cost of living in that city. But you might be not aware of the fact that HRA is a part of net salary and it is taxable as per the...

If you are a salaried employee then you might have been receiving your salary after tax deduction. But do you have a note of all those deductions? Well, your employer has all the details about the tax deductions in Form 16. So, basically, Form 16...

Every individual has to pay taxes on his income if it crosses the minimum taxable limit. On the other hand, the Income Tax Department collects taxes charged on different sources of income of an individual. So, in order to keep a record of all the...

It is the duty of every Indian Citizen to pay taxes once his income crosses the income threshold. But the government has given certain reliefs to the taxpayers by allowing deductions and rebates on their income So, there are some incomes that are...