![]() Further you can also file TDS returns, generateįorm-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income TaxĬAs, experts and businesses can get GST ready with ClearTax GST software & certification course. You can efile income tax return on your income from salary, house property,Ĭapital gains, business & profession and income from other sources. Just upload your form 16, claim your deductions and ClearTax serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses acrossĮfiling Income Tax Returns(ITR) is made easy with ClearTax platform. Personal budgets are extremely important in managing an individual's or family's finances over both the short and long term spaces.ĬlearTax offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants Apart from earmarking resources, a budget can also lay down the framework for setting goals, measuring outcomes, and planning for contingencies. Savings can be used to increase income through investing in different investment vehicles.Ĭorporate budgets are essential for operating at peak efficiency. Tips and tricks for gaining maximum benefitsįor those who tend to rely on credit and loans to make ends meet, there may not be money left for savings. ![]() ![]() Budgeting helps saving funds easier as it tells you how much money must be set aside for each category of expenses and the remaining can be put into the savings bucket. It greatly enhances the success of any undertaking. Why is Budgeting and Saving important?Ī budget is basically a financial plan for a defined period, usually a year. When it comes to savings, the amount of money left over after personal expenses have been met can be positive for those who are financially prudent. Based on the end result of this trade, a balanced budget denotes that revenues are expected to be equal to expenses, a surplus budget denotes that profits are anticipated, and a deficit budget denotes that expenses will exceed revenues. In another perspective, a budget is a microeconomic concept that shows the trade made when one good is exchanged for another. Savings are what a person has left over when the total expenditure is subtracted from the amount of disposable income earned in a given period of time. Budgeting can be done for a person, a family, a group of people, a business, a government, a country, a multinational organization or any other entity that earns and spends money. It is usually compiled and revisited to update on a periodic basis. Budgeting is the process of estimating the revenue and expenses over a specified future period of time.
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