Good news for employees!🚨 Starting October 2024, if you’ve paid TCS on sending money abroad or booking overseas trips, you can now get that amount credited against the TDS deducted from your salary. This means more money in your pocket every month instead of waiting for a refund during tax season! Here’s what you should do: 1️⃣ Keep an eye on your Form 26AS to see your TCS and TDS credits. 2️⃣ Make sure all your documents for remittances are handy for easy filing. 3️⃣ Let your employer know about any TCS you’ve paid so they can adjust your TDS properly. This is a great way to boost your savings—don’t miss out! [TCS on remittance, TDS adjustments, salary TCS credit, tax relief employees, foreign remittance tax, CA Sakchi Jain] #tcscredit #salarytaxrelief #taxplanning #tdsadjustment #financetips #incometaxindia #taxrefund #smartsavings #caskchijain #financialadvice
August slipped away🍃
August slipped away🍃
August slipped away🍃
August slipped away🍃
August slipped away🍃
August slipped away🍃
August slipped away🍃
Share it with your siblings!! In August 2024, the NPCI came up with a new facility called ‘UPI Circle’ which helps in delegation of authority for one UPI ID. With UPI Circle now, multiple individuals are allowed to utilize one UPI ID. Key Points: 👉🏻UPI Circle allows multiple people to share a single UPI ID. 👉🏻Primary users set access limits for secondary users, with options for full or partial delegation. 👉🏻Full delegation permits transactions up to Rs. 15,000 per month; partial requires primary user approval. 👉🏻Security includes mandatory biometric or app passwords for secondary users, with primary users controlling access and viewing transaction history. It will also give easy access to digital payments to kids and elders who do not have their own bank account. Here are the keywords centered around online transactions, digital payment, NPCI, UPI, and CA Sakchi Jain: [online transactions, digital payments, NPCI, UPI, UPI Circle, UPI ID sharing, delegation of authority, financial technology, payment security, biometric authentication, transaction limits, CA Sakchi Jain] #onlinetransactions #digitalpayments #npci #upi #upicircle #upitransactions #fintech #paymentsecurity #biometricauthentication #casakchijain
Share it with a person working very hard to achieve their dreams! Being at the front, sharing what I love, is a reminder of the incredible journey that led me here. Every late night, every challenge, and every victory has brought me to this moment. It’s not just about standing on a stage—it’s about the passion that drives me and the opportunity to connect with and inspire others. I’m grateful for every step of this journey and excited for what’s next. Thank you @wicasa.surat for such a amazing hospitality!
SEBI has updated its Application!!📱 If you are starting out, the Saarthi 2.0 app can be super helpful. Here are a few cool things it offers: – Easy to use: The app has a simple and friendly design, so it’s easy to navigate. – Financial calculators: Handy tools to calculate your investment returns. – Learn about KYC and more: Modules that explain KYC, mutual funds, and how to buy/sell shares. – Handles complaints: It even has a system to raise investor complaints and solve disputes easily. It’s like a one-stop shop for all your investing needs! [financial calculators, KYC procedure, investor app, mutual funds, SEBI app, stock exchange tools, CA Sakchi Jain] #saarthiapp #financialtools #investmentapp #kycprocess #investorsupport #mutualfunds #stockexchange #casakchijain
Free health insurance!! On September 11, 2024, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved health coverage for all senior citizens aged 70 and above under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY), no matter their income. 💙 If your grandparents are 70 , make sure to create this card for them and secure their future! Even if they already have a health insurance plan, they can still benefit from this scheme. 🏥 👉 The registration process is super simple: 1. Visit your nearest empanelled hospital or Ayushman Mitra. 2. Carry your identification documents, like your Aadhaar card. 3. Complete the registration, and get your PMJAY card! But if you can afford, you should also consider getting a separate health insurance plan, as it can offer even better benefits. Don’t wait—help your grandparents get the healthcare they deserve today! @mygovindia @mohfwindia [ayushman bharat pradhan mantri jan arogya yojana, pmjay for senior citizens, health insurance for seniors, health coverage for 70 citizens, ayushman bharat health scheme, register pmjay card, health insurance under ayushman bharat, how to apply for pmjay card, benefits of ayushman bhara, health coverage for senior citizens, pmjay health insurance card, ayushman bharat for grandparents] #ayushmanbharat #pmjay #healthinsurance #seniorcitizens #healthcareforall #healthcoverage #ayushmanbharatscheme #5lakhhealthinsurance #modigovernment #pmjayforseniors #elderlycare #applyforpmjay #healthforall
Don’t miss on this benefit! 💳 Did you know your debit card could give you free life or accident insurance? Many banks offer this, but people often don’t even realize it. All you need to do is use your card regularly to keep the insurance active. Here’s what you can do: 1️⃣ Check if your debit card has this benefit. 2️⃣ Make sure you’re meeting the bank’s conditions to keep the insurance valid. 3️⃣ Stay protected without spending extra! It’s an easy way to get extra security. Don’t miss out! [debit card insurance, free accident cover, hidden debit card benefits, insurance with debit card, ca sakchi jain] Hashtags: #debitcardinsurance #freeinsurance #accidentcover #hiddenbenefits #financialtips #smartmoney #insuranceawareness #casakchijain
Don’t pay your hospital bill until you know this! 🏥💸 If your hospital room costs less than ₹5,000 per night, there shouldn’t be any GST added to your bill—none at all! Generally, the healthcare services provided by a hospital are exempt under GST. But if the room rate is more than ₹5,000 per night, then a 5% GST is charged. Always double-check your bill to make sure you’re being charged correctly. If something doesn’t seem right, you can file a complaint with the GST Department through their official portal at cbic-gst.gov.in. And follow @ca.sakchijain for more such informative content! [GST on hospital rooms, hospital room charges, GST on hospital bills, GST on hospital room,GST rules, healthcare, GST India, CA Sakchi Jain] #gst #hospitalbills #healthcarecosts #gstindia #medicalbills #casakchijain
What are your thoughts on this? Giving your child money can be more than just a handout—it’s a chance to teach them important lessons about money. When you give them money, it’s not just about the cash itself. It’s about talking with them about what they really need versus what they just want. This helps them learn the difference between essentials and extras, which is a key life skill. Think of it as an opportunity to guide them in making smart choices with their money. It’s not just about saving or spending, but understanding the value behind each decision. I’d love to hear your thoughts or experiences with teaching kids about money💰 [teaching kids about money, financial literacy for children, money management for kids, needs vs wants,money lessons for kids, financial education, money advice for parents, CA Sakchi Jain] #teachingkids #financialliteracy #moneymanagement #needsvswants #moneylesson #moneyadvice #casakchijain
Don’t take unnecessary loans! Let’s talk about some tips that can make a real difference! 💬👇 1. Understand your debt: Make a list of everything you owe, from smallest to largest. Clarity is key to making progress. 2. Track your spending: Sometimes, the little things add up. Knowing where your money goes will help you make smarter choices. 3. Set realistic goals: Don’t aim to pay everything off in one go. Break it into smaller, achievable steps. 4. Cut unnecessary expenses: Revisit your monthly subscriptions or habits that drain your finances without you noticing. 5. Build a savings habit alongside debt repayment: Even while paying off debt, try to save a little each month for unexpected expenses. 6. Seek professional help if you’re feeling overwhelmed: A financial advisor can provide guidance tailored to your situation. Debt is tough, but you don’t have to face it alone. Start small, stay consistent, and reach out when needed. You’ve got this! 💪 [how to manage debt, financial planning tips, debt tracking tools, cutting expenses, savings while in debt, finance, money management, money, CA Sakchi Jain ] #debtmanagement #financialclarity #savemoney #spendinghabits #cutexpenses #debtadvice #personalfinance #moneygoals #casakchijain
Take this as a reminder to start investing!🚨 Let’s be honest—your money isn’t doing much for you just sitting in a savings account. Sure, it’s safe, but it’s not growing the way you’re hoping it will. If you’re serious about building wealth and securing your financial future, it’s time to take action and start investing. 💸 Think of investing as giving your money a job—one that works for you 24/7, helping you reach your goals faster. Whether it’s for your dream home, a comfortable retirement, or just having that extra financial cushion, the sooner you start, the better. So don’t let fear or hesitation hold you back. Your future self will be so glad you took this step today. ✨ #investnow #financialfreedom #startinvesting #wealthbuilding #growyourmoney #financialgoals #securefuture #longterm #casakchijain [reminder to invest, start investing, savings account, wealth building, financial freedom, grow money, investing benefits, long-term wealth, financial goals, building wealth, CA Sakchi Jain]
Read the caption too!! – Hidden fees can slowly eat away at your money without you even realizing it. These small charges can add up over time, making a big dent in your budget. – While you’re cutting out those unwanted subscriptions, here’s a simple tip to save even more: Watch out for renewal dates!Many services automatically renew, often at a higher price. If you’re not careful, you could end up paying more than you expected. – To avoid this, set reminders a few days before the renewal date. This gives you time to cancel, negotiate for a better deal, or decide if you still need the service. It’s a small step that can save you a lot of money in the long run. – Remember, every bit saved counts. Take control of your finances today and stop those hidden fees from draining your wallet! In the example above, we have considered that we invest 2000 monthly for the next 20 years and have also considered a CAGR of 12% [hidden fees, subscription management, automatic renewals, saving money tips, budget control, finance tips, cancel unwanted services, saving on subscriptions, stop hidden charges, CA Sakchi Jain] #savemoney #simplefinance #financialtips #budgeting #moneyhacks #casakchijain
Don’t invest in PPF without watching this!! Reforms will be implemented commencing October 1, 2024. According to the circular, Post Office Savings Accounts (POSAs) interest will continue to be paid on these irregular accounts until the minor reaches the age of 18, at which point they become eligible to open a regular account. Once the individual turns 18, the applicable interest rate will be applied. In this example we have considered that the parent is already investing 1.5L in PPF in his/her name. This rule is applicable only for Irregular Minor Accounts not for all accounts. In any of these cases: 1. If both the parents have opened separate PPF account for the same child. 2. If both the parents and grandparents have opened a PPF account for the same child. 3. The same kid has one standalone PPF account and one more joint PPF account with either of the parents. 4. The guardian is depositing 1.50 lakh in his account and 1.50 lakhs in the account of the minor as well. There can be more cases that can be considered Irregular when parents try to make more than one account of child or exceed the limit. Part 2 coming soon! [PPF account rules for minors, PPF account changes 2024, minor PPF account interest rate, child PPF account, new PPF rules, Public provident fund, CA Sakchi Jain] #ppfaccount #childsavings #ppfrules #financialplanning #investmentupdates #savingsforfuture #ppfinterest #minorinvestment #personalfinance
Don’t pay your hospital bill without watching this! 🏥💸 Did you know that ICU rooms in hospitals are exempt from GST? That’s right! If you or a loved one is in the ICU, no matter the cost of the room, the hospital cannot charge GST. ICU services are considered essential and life-saving, which is why they don’t come under the same tax rules as regular rooms. But for other rooms that cost over ₹5,000 per day, you’ll be charged a 5% GST. Always double-check your hospital bills to make sure you’re only paying what’s required. [GST on ICU rooms, ICU room GST exemption, GST on hospital bills, no GST on ICU rooms, GST for hospital rooms, hospital billing GST rules, healthcare GST India, how much GST on ICU, CA Sakchi Jain] #gst #hospitalbills #healthcarecosts #gstexemption #icu #taxawareness #knowyourrights #medicalbills #casakchijain
Here👇🏻 1️⃣ Do I need an emergency fund? I’m just 25! Yes, you do! Life is unpredictable, and an emergency fund acts as a financial cushion for things like medical expenses, job loss, or unexpected repairs. Aim for 3-6 months of living expenses set aside in an easily accessible account. 2️⃣ Is putting money in a savings account enough? Not really. A savings account is great for short-term needs and your emergency fund, but the interest it earns is often too low to beat inflation. Consider diversifying into investments like mutual funds, stocks, or fixed deposits to grow your money faster. 3️⃣ Are all debts bad? Not all debt is bad! There’s a difference between “good” debt and “bad” debt. Good debt, like a home loan or education loan, helps you build assets or invest in your future. Bad debt, like credit card debt, is often high-interest and should be avoided. The key is to manage debt wisely. 4️⃣ Is it okay to use credit cards for rewards? Yes, it’s perfectly okay—if you’re responsible. Credit cards can offer great rewards, like cashback or travel points, but only if you pay off the balance every month. Don’t let those rewards tempt you into overspending! 5️⃣ Should I wait for my 30s to start investing for retirement? No, the earlier you start, the better. Time is your biggest asset when it comes to investing. Starting in your 20s gives your money more time to grow through compound interest, potentially turning small contributions into significant wealth by retirement. 6️⃣ Should I review my financial plan every year? Absolutely! Life changes—so should your financial plan. Reviewing it yearly allows you to adjust for any life changes, like a new job, marriage, or changes in income, ensuring you stay on track to meet your goals. Take control of your finances today for a more secure tomorrow! 💰 [Financial planning, emergency fund, investment, retirement, financial goals, CA sakchi jain] #FinancialPlanning #InvestSmart #EmergencyFund #DebtManagement #CreditCardRewards #StartYoung #MoneyGoals
Don’t take educational loan without watching this!! You should take an education loan for the entire amount because, in an education loan, interest is charged only on the disbursed amount. If you opt to take a loan for remaining expenses at a later date, you might face difficulties or end up with a higher interest rate. Securing an education loan is often the first step toward making your dream of studying at a top international university come true. Here are some key insights to consider: 1. Check for Loan Eligibility: Different banks have different eligibility criteria. Make sure you meet the academic requirements and have all the necessary documents ready. 2. Co-Signer Requirement: In many cases, you’ll need a co-signer to back your loan. This person will be equally responsible for repayment, so make sure to discuss this in advance with them. 3. Interest Subsidies and Government Schemes: Check if there are any government schemes or subsidies that can lower your loan interest rate. In some countries, there are special programs for students studying abroad. Do you have questions about education loans or financing your study abroad journey? Drop them in the comments below! Let’s chat and make your dream a reality. 👇 [education loan, study abroad financing, student loan advice, international education, financial planning for students, loan repayment, co-signer loan, interest rates, currency risk, government subsidies, CA Sakchi Jain] #studyingabroad #educationloansimplified #studentloanadvice #studyabroadindia #loanplanning #financingdreams #casakchijain
You need to know this: Did you know you can transfer your No Claim Bonus (NCB) when switching health insurance policies? Most people think you lose it when you switch to a new plan, but that’s not true! Suppose you switch to a different insurance company. In that case, the bonus you gained all these years will remain and is applicable. You can get it transferred to the new insurance provider. The NCB you’ve built up over time can be carried forward to your new policy, giving you the same benefits or even more. But be cautious—switching to a new policy may mean higher premiums and resetting waiting periods for some diseases. So, weigh the costs and benefits before you make the switch! Make smart decisions with your insurance and protect your future! [keywords: no claim bonus transfer, health insurance NCB, transfer NCB to new health policy, switch health insurance with NCB, health insurance premiums, insurance waiting period reset, CA Sakchi Jain] #healthinsurance #noclaimbonus #insurancepolicy #insurancebenefits #ncbtransfer #casakchijain
You need to know this!! Not sure whether to revive your current life insurance policy or switch to a new one? Here’s what you need to know: 📍Reviving Your Policy: This option often means you keep your current benefits and might pay lower premiums because of your long-standing history with the insurer. It’s usually more cost-effective. 📍New Policy: Choosing a new policy might bring higher premiums but could offer better coverage or new features. You may also lose the benefits you’ve built up with your old policy. Compare the costs and benefits carefully to decide what’s best for you and your financial goals. Make an informed choice for your future! For more tips on insurance and finance, follow @ca.sakchijain [life insurance revival vs new policy, cost of reviving life insurance, new life insurance premiums, benefits of reviving insurance, switching life insurance policies, financial planning for life insurance, CA Sakchi Jain] #lifeinsurance #insurancepolicy #financialtips #insurancecosts #renewvsnew #casakchijain
