Provident Funds (PF) PF stands for Provident Funds (PF), a mandatory savings scheme in India for employees and employers. It aims at ensuring financial security for employees after their retirement. It includes contributions from both the employee and employer towards a dedicated provident fund account. Overview of the Public Provident Fund: 1. Purpose: The… Read More »
Life Insurance Life insurance plays a crucial role in providing financial security and protection to individuals and their families against unforeseen circumstances such as death, disability, or critical illness. Overview of various aspects of life insurance in India: Types of Life Insurance Policies: 1. Term Insurance: Provides coverage for a specific period (term) and pays… Read More »
ITR filing is important ITR filing is important Website link ITR filing is important: ITR filing is important for several reasons: Legal Requirement: It is a legal obligation imposed by the Income Tax Act, 1961 for individuals and entities meeting certain income criteria to file their income tax returns. Failure to comply with this requirement… Read More »