How inflation eats away the purchasing power?
What is inflation? Inflation is an economic concept. It refers to the rising prices of goods, commodities, and services in a particular economy. Inflation aims to measure the overall impact…
What is capital gains tax?
What is it?The capital gains tax is the levy on the profit that an investor makes when an investment is sold. It is owed for the tax year during which…
Basics of Income Tax for Beginners
Relation of taxes with income groups Income Tax Slabs in India are announced by the finance minister every year. This year, finance minister Nirmala Sitharaman announced the Union Budget 2023…
Taxes 101
What is tax? Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national. Tax revenues finance government activities, including public works and services…
Which asset class has delivered the highest historical run and which has been the most rewarding?
What are asset classes? An asset class is a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. Asset classes are thus made…
Demonstrate the magic of compounding
What is compounding?Compounding typically refers to the increasing value of an asset due to the interest earned on both a principal and accumulated interest. It has made use of the…
Simple Interest vs. Compound Interest: The Main Differences
What is interest? In the most simplest of terms, interest can be defined as the cost of borrowing money or the rate paid for a deposit. Different banks adopt different…