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How Much Annual Income Is Tax-Free?

India has two broad categories of tax, mainly direct and indirect tax. Direct tax is a tax you pay on your income directly to the government. Indirect tax is a tax that somebody else collects on your behalf and pays to the government.

4 years agoRead More
How Is Corporate Tax Calculated?

One of the many taxes that corporates are required to pay to the Indian government is a corporate tax or company tax. Corporation Tax, also known as Corporate Tax is a direct tax levied on the net income or profit that corporate enterprises make from their businesses

4 years agoRead More
How Can I Download My Income Tax Certificate?

Income tax in India is imposed by the Government of India. Everyone who is earning in India has to pay income tax. The income could be pension, salary, or could be earnings from a savings account.

4 years agoRead More
Cash Credit vs. Overdraft: What are the differences and similarities?

All small and medium businesses require sufficient working capital to run their daily operations successfully.

4 years agoRead More
Business Loans vs. Overdraft? Which is the better option?

Most businesses – irrespective of their size, nature, or industry – have to borrow money at some point in their lifecycle. Be it to get off the ground, expand operations, or to weather a rough patch – borrowing is a crucial and essential part of all businesses.

4 years agoRead More
8 Scenarios when you should NOT Refinance your Mortgage

Imagine this scenario – you have taken a 30-year home loan with a fixed interest rate of 9%. That probably sounded like a good deal, when you initially availed your loan. But, right now, the interest rates have dropped significantly and range around 7.5%.

4 years agoRead More
Why Refinancing Is A Bad Idea?

Home loan refinancing is not always the best idea, even when interest rates are low and friends and colleagues are talking about who fetched the lowest interest rate. Before you begin the long process of gathering pay stubs and bank statements, think about why you are refinancing.

4 years agoRead More
Which Is the Credit Card Best Suited for You?

India has a variety of credit card options and finding the right credit card could be challenging as most banks offer different features and benefits attached to credit cards. Some credit cards are designed for benefits associated with shopping and hence they come with an excellent rewards program while other cards are loaded with travel privileges.

4 years agoRead More
Moratorium Period Extended for 3 More Months: 5 Things You Must Know

In view of cash flow and income disruption due to the ongoing COVID-19 pandemic, RBI has announced the extension of the Moratorium period for up to 31st of August. Although it will ease the repayment worries for the borrowers, it will certainly increase the debt burden as they will need to repay with additional interest on the outstanding loan amount

4 years agoRead More
What types of incomes are taxable in India?

In India, taxes are broadly classified into two types: direct and indirect taxes. As the name implies, direct taxes are the taxes paid by an individual (or company) directly to the government.

4 years agoRead More
When is the right time to refinance a home loan?

When interest rates fall as they have done recently, most homeowners look to refinance their existing loans. While refinancing can help you cut down loan costs and repay the loan faster, it's not always the right choice.

4 years agoRead More
What Is the Purpose of Insurance?

Insurance is a way of managing risks. When you buy insurance, you transfer the cost of a potential loss to the insurance company in exchange for a fee, known as the premium. Insurance companies invest the funds securely, so it can grow, and payout when there’s a claim.

5 years agoRead More
What is the credit score required for home loan refinancing?

Home loans are undoubtedly one of the biggest debts that individuals will pay in their lifetime. The size of an average home loan is 30 lakhs or more and extends for 10 to 30 years. Generally, home loans are repaid in the form of monthly EMIs.

5 years agoRead More
What is TDS in income tax?

TDS is the acronym for "Tax Deducted at Source." It was introduced by the income tax department to reduce tax evasion, by collecting taxes on incomes right when the revenue is generated, rather than at a later date. As the phrase implies, TDS is received from the income payer rather than the income receiver.

5 years agoRead More
What is income tax? A Comprehensive Guide for Beginners

As soon as we hear the term, "income tax," most of us get fearful and nervous. The nervousness arises from the fact that – not many of us are aware of what it is, how it is calculated, and the myriad regulations involved.

5 years agoRead More
What is home refinancing?

Home refinancing is the process of replacing an existing home loan with a new loan. Normally, people refinance their home loan to reduce their monthly payments, lower their interest rate, or change their loan program from an adjustable-rate home loan to a fixed-rate home loan.

5 years agoRead More
What is credit card insurance, and when do you need it?

One of the biggest worries of every borrower is – not being able to pay the money back. The consequences of having to deal with unpaid credit payments are scary. This is where credit insurance comes into the picture.

5 years agoRead More
What Is Credit Insurance Coverage?

Credit insurance coverage is somewhat similar to an insurance policy bought by a borrower. It helps to pay off one or more existing debts in case of the borrower’s death, disability, or in rare cases, unemployment.

5 years agoRead More
What Is Credit Insurance and How Does It Work?

Credit insurance is a form of insurance policy bought by a borrower which pays off one or more existing debts in case of the borrower’s death, disability, or in rare cases, unemployment.

5 years agoRead More
What Is an Instant Loan? Features & Benefits.

There are times when a lot of us come across some unexpected personal expenses for which we may not have enough funds. An instant loan could be the right option in such situations. These are easy to apply online and are for shorter tenure involving quick processing.

5 years agoRead More
How to protect your credit score during Covid-19?

During these challenging times, the health and safety of your families are your top-most priorities. With that said, there's another pressing issue that is posing enormous difficulties for people across economic segments.

5 years agoRead More
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CreditMantri Finserv Private Limited

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U72100TN2012PTC085154

IRDAI Registration Number

CA0665

Valid Till

01-Aug-2025

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