Investments are Great, but It's Time to Make Them Failproof

Financial independence is what many people work hard to achieve. However, it is only a few who manage to achieve this status. What stops most of us from reaching financial security in life, is the fact that we focus on short-term benefits rather than going for long-term gains, through investments.

Different Income Heads Taxable Under the Income Tax Act

There are five different heads on income described under the Income Tax Act 1961, which cover every taxable source of income in India and help consolidate them. At the end of each year, you have to classify your annual earnings under these heads and calculate the amount of tax payable by you.