A manager by day and a sloth by night. I enjoy writing on topics like personal finance and investments. With 10 years of experience in fintech, creating content that resonates with readers is my forte. I enjoy reading and love my job and my team at ClearTax.
Sujaini Biswas
Assistant Manager - Content
A manager by day and a sloth by night. I enjoy writing on topics like personal finance and investments. With 10 years of experience in fintech, creating content that resonates with readers is my forte. I enjoy reading and love my job and my team at ClearTax.
The latest articles by Sujaini Biswas
Bhagyalakshmi Scheme in Karnataka: Amount, How To Apply, Eligibility, Documents Required, Benefits
Updated on May 9th, 2025 | 8 min read
The Bhagyalakshmi scheme in Karnataka aims to ensure a steady growth in the number of girl children in the state. This program intends to provide financial help to the families of girl children through their parents. In India, raising a girl child can lead to significant concerns among economically poor families due to the cost of living and other social barriers. This is an initiative to foster gender equality by promoting the births of female children and their healthy...
Form 27C of Income Tax: Declaration, How to File and Download
Updated on May 9th, 2025 | 8 min read
Tax Collected at Source (TCS) is a system where a seller of certain goods collects taxes from the buyer. Now, if the buyer is not liable to pay any taxes and wishes to inform the seller about the non-deduction of taxes, he/she can submit Form 27C of the Income Tax Act. In this case, the list of specific goods includes timber, scrap materials, tendu leaves, etc.Keep reading to learn how to file Form 27C, its applicability, the documents required and...
Offline UPI Payment: How To Do UPI Payment Without Internet?
Updated on May 8th, 2025 | 6 min read
Are you tired of getting stuck in the middle of an online transaction due to poor internet connectivity? Well, now you can simply use a USSD number and complete your transaction without an internet connection. You may effortlessly transfer and request money, change your UPI PIN, and check the amount of your account with this mobile banking service. To take advantage of these services anytime and anywhere, dial *99# on your mobile phone.Read...
Car And Bike Depreciation Rate: How To Calculate, Formula, Examples
Updated on May 7th, 2025 | 14 min read
Purchasing a car or bike is a huge investment in your life. But at the same time, you have to understand that with time the car ages and its value depreciates. As soon as you bring your vehicle out of the showroom, the value depreciates by 5% and gradually keeps on falling with each passing year. This depreciation amount is generally considered when you buy or claim insurance for your car or bike.Therefore, in this article, we will be guiding you in detail on how...
Tax on Bonus in India - How much Tax is Deducted on Bonus?
Updated on May 7th, 2025 | 7 min read
Companies often provide bonuses to their employees to appraise their performance in a financial year. This is because your performance helps in increasing the profitability of the company. However, you need to pay an income tax on the bonus depending on the amount of bonus earned.Now you may ask why you need to pay tax against your additional income. So, this article will answer your doubts regarding the taxability of bonuses.When is the Bonus Taxed?The...
Tax on Twitter (X) Income
Updated on May 6th, 2025 | 8 min read
People worldwide were waiting for the changes introduced on Twitter after Elon Musk acquired the social media platform in October 2022. The business magnate and investor changed Twitter’s legal name in April 2023. Now, this famous social media platform is officially known as X Corp. Soon after, Musk made a business decision to share ad revenues with content creators who are active on the rebranded platform. The payment of ad revenues...
How to Claim Income Tax Benefit on Second Home Loan?
Updated on May 5th, 2025 | 12 min read
Whether you are changing city and are planning to buy a second home in the new city through a loan? Then you should not miss this article while planning to borrow a home loan for your second home, where you will get a clear idea of the tax benefits of a second home loan. According to Section 80C and Section 24 of the Income Tax Act, you can avail of tax benefits on home loan repayments. However, if you are planning to rent one of the properties, there...
Fair Market Value - What is FMV and How to Calculate It
Updated on May 5th, 2025 | 13 min read
Ever tried to bargain over what you want to buy? Quoting a high price, slightly coming down, gauging how much you can reduce the price, comparing it with the market price, then finally landing at a slightly lower price than offered in the market.Unknowingly, you have negotiated a deal, with a fair-market assessment, analyzed its dynamics, and leveraged it to your advantage. Fair Market Value, as its name suggests, is determined fairly by the...
Section 48 Of Income Tax Act
Updated on Apr 29th, 2025 | 7 min read
Capital gains earned from the sale or transfer of capital assets are subject to taxation. This is because it falls under the category of one’s income. Examples of capital assets include residential and commercial properties, vehicles, jewellery and mutual funds. Capital gains are the net profit that a person earns after selling off a capital asset. This blog will focus on Section 48 of the Income Tax Act (ITA), which provides the guidelines for computing taxable income...
SBI Bank Balance Check Number - SBI Balance Check Number By SMS, Missed Call, Net Banking & Mobile Banking
Updated on Apr 23rd, 2025 | 14 min read
The State Bank of India has launched hassle-free digital banking facilities for quick and convenient operations for various functions. The SBI balance check facility allows you to get the latest update about your account balance promptly without visiting the bank branch. You can check your SBI account balance instantly using various methods like missed call, SMS, WhatsApp, UPI, ATM, or mobile apps. Additionally, SBI’s IVR facility allows customers to check...
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