Mastering Form 15G: How Indian students can save their internship stipend from TDS deductions. ⚠️ Disclaimer: Form 15G केवल तà¤ी वैध है जब छात्र की कुल वार्षिक आय करयोग्य सीमा से कम हो। The 10% Heartbreak: Where Did Your First Stipend Go? You worked hard for a month. Your offer letter promised ₹15,000 . You eagerly check your bank account, and you only received ₹13,500 . You just became a victim of TDS (Tax Deducted at Source) . But as a student, do you really have to pay this? Absolutely not. The Truth About Stipend Taxability in India Whether you are doing a high-end corporate gig, running content networks like the Sahityashala Network , or getting paid to write technical analysis for Sahityashala Sports , companies will often treat your internship stipend as a "professional fee." Under Section 194J of the Income Tax Act, companies are mandated to deduct a 10% TDS on professional and technical services. However, if your total ...
Term Insurance for Young Adults: Why Waiting Until 30 Will Cost You Lakhs You just got your first paycheck. Maybe you bought that smartphone you wanted, or perhaps you started an SIP of ₹5,000. Life looks good. You are young, healthy, and invincible. The last thing on your mind is death or insurance . Buying term insurance for young adults in your 20s locks in the lowest premiums. As the graphic illustrates, delaying your purchase until age 30 can cost you lakhs over the policy tenure. But here is the harsh truth: Your 20s are the most dangerous time to be financially irresponsible. Most people confuse insurance with investment. However, understanding term insurance for young adults is the smartest move you can make today. It is less about "dying" and more about locking in a price that will save you lakhs of rupees over your lifetime. As we discuss in the basics of personal finance , risk ...