Tag: managing finances

  • Best Ways To Transfer Gift Money To New Zealand From India

    Best Ways To Transfer Gift Money To New Zealand From India

    New Zealand thrives on global connections, and remittances play a significant role in keeping Kiwis in touch with loved ones abroad. In 2023, an estimated NZ$617 million was sent overseas by Kiwis—to support loved ones’ aspirations, access medical treatment, and finance small business ventures. With high-speed internet and intuitive digital systems, sending money abroad is…

  • A Step-By-Step Guide For Remitting Gift Money To The UK From India

    A Step-By-Step Guide For Remitting Gift Money To The UK From India

    India has one of the largest diaspora, with over 30 million Indians overseas. Indians in the UK alone number approximately 1.9 million, contributing significantly to the UK economy, especially in finance, health, and IT. With strong family ties, most NRIs remit money gifts frequently to their family members in the UK. Maharashtra, Punjab, Gujarat, Delhi,…

  • Sending Gift Money To Australia From India – A Complete Guide

    Sending Gift Money To Australia From India – A Complete Guide

    Indians in Australia are a vibrant and developing community with outstanding contributions made towards the fields of business, academics, arts, and sports. With nearly 845,800 Indian-born residents as of June 2023, Indians are the second-largest overseas-born population in the country. Their contribution is not merely quantitative—today, they are filling government roles and playing a very…

  • Understanding the TCS Threshold Limits On International Remittances

    Understanding the TCS Threshold Limits On International Remittances

    TCS stands for Tax Collected at Source. This is a sort of duty or tax that gets collected by the entity making any sort of payment, banks, or even a forex company, and deposits it with the government on behalf of the payee. TCS would apply over a range of transactions, inclusive of foreign remittances.…

  • Sending Gift Money To Dubai From India – All You Need To Know

    Sending Gift Money To Dubai From India – All You Need To Know

    India is home to the largest diaspora in the world, with a number of Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) residing outside the country’s borders. According to data from the Ministry of External Affairs, this diaspora consists of 32 million individuals. Among the destinations for expats, the United Arab Emirates (UAE), particularly…

  • Reliable Method Of Remitting Living Expenses to Dubai From India

    Reliable Method Of Remitting Living Expenses to Dubai From India

    In today’s interconnected world, it’s crucial to consider how to manage your finances when you reside in one country but have commitments or expenses in another, particularly when there is a disparity in living costs, such as between Dubai and India. Living in Dubai is considerably more expensive, with a cost of living index of…

  • Everything You Should Know About Sending Living Expenses From India To Australia

    Everything You Should Know About Sending Living Expenses From India To Australia

    Remittances from India to Australia serve as support for families back in Australia, assisting them with necessities such as education and healthcare. Over the years, there has been a rise in digital transfers, with transactions projected to reach $2.42 billion by 2023 and grow further to $2.79 billion by 2027, benefiting around 0.7 million users.…

  • Guide To Sending Living Expenses From India To Europe

    Guide To Sending Living Expenses From India To Europe

    Europe boasts a rich history and culture, with its economic prowess reflected in a staggering GDP exceeding $17.4 Trillion. The European Union (EU) stands as an economic alliance comprising 27 member nations. Within this union lies a market enabling the flow of goods, services, capital and even people across borders. Notably, Europe has attracted around…

  • Easy Way To Send Living Expenses to UK From India

    Easy Way To Send Living Expenses to UK From India

    The UK has a history of entrepreneurship that began in the 1950s, when the first wave of Indian immigrants arrived in the country. Throughout the years, this community has not only successfully integrated into society but has also achieved remarkable success in various fields, including government, academia, finance and politics. They have demonstrated their talents…