But consider talking to an accountant or income tax professional BEFORE filing your taxes. How Many Income Streams Should You Have It's good to have at least three income streams. One stream can be an active income from your job. While the other two can be passive income streams such as ...
As per income tax an assessee is expected to calculate the estimated income for the year and if the total tax due is more than Rs 10,000 he has to pay advance tax. If one fails to pay Advance Tax or if one pays less than the stipulated tax,(s)he would be penalised and would hav...
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There are two general kinds of investment accounts; tax-advantaged and taxable. Retirement accounts are a way to minimize taxes legally. The best place to start is an employer-sponsored401kwhich is usually a choice of a fewmutual funds.If your employer offers matching funds, that’s free mone...