DNMiner, an AI-driven cloud mining platform, announced that its innovative technology will provide a stable source of passive income for cryptocurrency investors in 2025. The launch of the platform marks the deep integration of AI technology and the field of blockchain mining, bringing a new way of wealth management to global investors.
DNMiner has obtained regulatory certification from the UK Financial Conduct Authority (FCA). This important milestone marks DNMiner’s compliance and business transparency, while highlighting its professional strength and reliability in the field of financial technology.
Choose your investment plan: DNMIner offers a variety of investment plans to suit different budgets. You can choose a plan that suits your needs, whether you want to start with a small amount or invest a larger amount to get a bigger return.
Contract Name
Plan Prices (USD)
Planned duration (days)
Daily interest rate (%)
Total income (principal + profit) (USD)
【DOGE】 Experience Miner
$100.00
1days
1%
$100+$1.00
【LTC】
Classic Miner
$200.00
2days
3.5%
$200+$14.00
【ETH】
Jinbei E-DG1M
$500.00
3days
1.88%
$500+$28.20
【TRX】
Ant S21 XP Imm
$1500.00
8days
1.98%
$1500+$237.60
【DOT】Antminer S21 XP+ Hyd
$3000.00
10days
2.1%
$3000+$630.00
【XRP】
Ant S21 Imm
$5000.00
12days
2.21%
$5000+$1326.00
【DOT】Ant E11
$12000.00
20days
2.35%
$12000+$5640.00
Profit tracking, withdrawal at any time: DNMIner provides a complete profit tracking system, allowing you to monitor mining progress in real time, withdraw at any time, and manage funds flexibly.
Why choose cloud mining instead of traditional trading?
For experienced traders, the conclusion is simple: volatility is a double-edged sword. While some try to seize market opportunities, the real winners are those who find a stable source of passive income. This is why many people give up volatility trading and turn to cloud mining for stable profits.
DNMiner has 5.23 million members worldwide. Sign up now to join the cloud mining contract for free. Giving yourself a chance is giving yourself a future.
Reasons traders love cloud mining
Cloud mining is simple – just rent mining power from places like DNMiner and watch your cryptocurrency balance increase day after day. It is the perfect alternative to the high-risk world of cryptocurrency trading.
For those tired of market volatility, robot trading losses, and endless stop losses, cloud mining is a worry-free way to passively generate cryptocurrency income – without the pressure.
Making $10,000 a day is easier than you think!
Imagine: waking up every morning with $10,000 in your cryptocurrency wallet – without having to do anything. This is the life of DNMiner investors, who earn continuous passive income through AI-driven cloud mining contracts.
Conclusion
DNMiner is an innovative enterprise focusing on AI-driven cloud mining services. The company is committed to providing efficient, transparent and legal cryptocurrency mining solutions to global users through technological innovation and security assurance.
Advance tax is the tax paid in installments instead of a lump sum at the end of the financial year. It is also known as ‘pay-as-you-earn’ tax. This system ensures a steady inflow of revenue for the government and reduces last-minute tax burdens for taxpayers. Advance Tax Payment can be done on the Income Tax Website. Here are details about Advance Tax Payment including step by step process to e-Pay Tax on the Incom Tax Website.
What is Advance Tax?
Advance tax refers to the income tax paid beforehand rather than as a single payment at the end of the financial year. It is the tax you incur while you generate income. These payments must be made in installments according to the due dates set by the income tax department.
Who Should Pay Advance Tax?
Employees, self-employed individuals, and companies – If your total tax obligation is ₹10,000 or higher in a financial year, you must make advance tax payments. The advance tax is applicable to every taxpayer, including salaried workers, freelancers, and companies.
Elderly individuals – Those who are 60 years or older and do not operate a business are not required to pay advance tax. Thus, only elderly individuals (aged 60 or older) with business earnings are required to pay advance tax.
Presumptive income for businesses – Taxpayers who choose the presumptive taxation scheme outlined in section 44AD must pay their entire advance tax in a single installment by 15th March. They additionally have the choice to settle all their tax obligations by March 31st.
Presumptive income for professionals—Independent professionals like doctors, lawyers, architects, etc., qualify for the presumptive scheme under section 44ADA. They must settle their entire advance tax obligation in a single payment by 15th March. They may also settle the total sum by 31st March.
Advance Tax is to be paid on a regular salary, including earnings from rent, capital gains, lottery earnings, fixed deposits, and more.
Estimate Total Income: Sum up all income sources – salary, business, capital gains, rent, or interest.
Deduct Allowable Expenses: Reduce applicable deductions like 80C, 80D, HRA, home loan interest, etc.
Compute Tax Liability: Apply the prevailing income tax slab rates.
Subtract TDS Deducted: Reduce the tax already deducted at the source.
Determine Advance Tax Amount: If the balance tax liability exceeds Rs. 10,000, divide it per the due dates mentioned above.
How toPay Advance Tax on Income Tax Website?
1. Visit the e-filing portal of the Income Tax Department of India.
2. On the left side of the home page, you’ll find a ‘Quick Links’ section; select the ‘e-Pay Tax’ option. You can additionally look for ‘e-Pay Tax’ in the search field
3. On this page, input your PAN and input it again to verify. Next, input your mobile number and press ‘Continue’
4. Please input the 6-digit OTP that was sent to your mobile number and press ‘Continue’
5. Select the box with labelas ‘Income Tax’ and click on ‘Proceed’
6. Select the ‘Assessment Year’ as 2025-26 and ‘Type of Payment’ as ‘Advance Tax (100)’ and click on ‘Continue’.
7. Enter all the tax details.
8. Select the payment method and the bank and press ‘Continue’.
9. Review the challan information and select ‘Pay Now’. You can also ‘Edit’ this information if necessary.
10. Once the payment is completed, you will receive a confirmation on the following screen. The BSR code and challan serial number can be found on the right side of the challan. Keep a copy of this tax receipt for future use. You must input the BSR code and challan number in your tax return.
Penalties for Non-Payment or Late Payment
Interest Under Sections 234B & 234C
Section 234B: If at least 90% of the total tax liability is not paid by March 31, interest at 1% per month is charged.
Section 234C: If advance tax installments are not paid on time, a penalty of 1% per month is imposed on the unpaid amount.
Benefits of Paying Advance Tax
Avoids last-minute tax burden: Spreads tax payments across the year.
Reduces interest penalties: Timely payment saves money on penalties.
Smooth cash flow for businesses: Helps manage finances better.
Prevents legal issues: Keeps taxpayers compliant with tax laws.
Frequently Asked Questions (FAQs)
1. What happens if I miss an installment?
If you miss an installment, interest penalties under Sections 234B and 234C apply.
2. Can I get a refund if I overpay?
Yes, any excess tax paid will be refunded by the Income Tax Department after assessment.
3. Can I pay advance tax in one go?
Yes, you can pay the entire advance tax in one installment instead of multiple payments.
4. Is advance tax applicable to NRIs?
Yes, NRIs with taxable income exceeding Rs. 10,000 in Indianeed to pay advance tax.
5. What if my income changes after making an advance tax payment?
You can adjust future installments accordingly, but any shortfall might attract interest.
6. Do I need to pay advance tax if my employer deducts TDS?
If TDS covers your tax liability, no advance tax is needed. But if you have additional income, advance tax is applicable.
7. Can I pay advance tax offline?
Yes, you can visit designated bank branches and pay via Challan 280.
8. What is the penalty for failing to pay advance tax?
Interest under Sections 234B and 234C applies, increasing your tax burden.
9. Can a salaried person pay advance tax?
Yes, if they have additional income sources like rent, dividends, or capital gains.
10. Is advance tax applicable to small businesses?
Yes, if the tax liability exceeds Rs. 10,000. However, businesses under the presumptive taxation scheme pay in a single installment by March 15.
By understanding advance tax and making timely payments, you can avoid penalties and manage your tax burden efficiently!
Investing money can be intimidating for many people in India. Without sound financial knowledge or experience, making the right investment decisions seems challenging. This is where seeking advice from professionals enters the picture. Financial advisors provide guidance to investors and help them achieve their financial goals.
However, how do you ensure an advisor is qualified, ethical, and working in your best interest? This is where SEBI-registered investment advisors play a vital role. Let’s get to know more about SEBI Registered Advisors in the blog below:
What Does SEBI Registered Mean?
SEBI, or Securities and Exchange Board of India, is the regulatory body that oversees Indian securities and commodity markets. It has laid down guidelines and eligibility criteria for professionals registering as Registered Investment Advisors (RIAs). By registering with SEBI, advisors and advisory firms agree to follow SEBI’s code of conduct and regulations.
The rigorous registration process ensures that only qualified and ethical advisors offer investment advice. Essentially, SEBI registered status certifies that an advisor possesses the necessary skills, knowledge, and intention to provide unbiased financial advice while keeping investors ‘ interests first.
SEBI-registered advisors must satisfy extensive eligibility prerequisites related to educational qualifications, professional certifications, and work experience in relevant areas such as securities trading, portfolio management, investment analysis, etc. For instance, they must hold specific degrees, such as an MBA (Finance), CFA, CFP, or CA. This confirms that the advisor has an in-depth understanding of different investment avenues and portfolio strategies.
2. Adherence to Ethical Practices
Registered advisors must furnish declarations about their disciplinary history, potential conflicts of interest, and criminal records (if any). This transparency ensures advisors follow ethical practices. Advisors cannot receive commissions from product providers they recommend. All fees must be directly paid by the investor alone, preventing biased advice.
3. Legal Protection for Investors
Seeking advice from SEBI-registered professionals brings legal protections under SEBI regulations. Investors can demand compensation or file official complaints, which SEBI investigates. This regulatory oversight builds confidence in the advisory process. Conversely, investors have limited recourse when dealing with non-registered entities as disputes remain outside SEBI’s purview.
4. Defined Fee Structure
Unlike informal agents, RIAs follow a transparent, upfront fee model published on SEBI’s website. Common structures include:
Fixed one-time project fees
Recurring annual charges as a percentage of Assets Under Management
Hourly consultation charges
Such formalisation leaves no room for exploitative hidden costs. Investors clearly understand advisor compensation.
Verifying SEBI Credentials
Investors can easily verify an advisor’s SEBI registration status by:
Checking the Official List: SEBI publishes approved advisors’ names and registration details on its website. Investors must validate that the name, address, registration number and contact information match the advisor’sadvisor’s claims.
Obtaining the Registration Certificate: Every RIA displays an official certificate proving their registered status. Investors should review this certificate and confirm that it bears the advisor’s name and signature alongside SEBI’sSEBI’s stamp.
Tracking Renewal Status: Registrations need renewal every 3 years. Investors must check that the advisor’sadvisor’s registration status is active without violations using SEBI’sSEBI’s status tracker.
Consequences of Non-Registered Advice
Opting for investment guidance from non-registered entities has several downsides:
Lack of Accountability: Investors cannot hold non-registered players accountable for deliberate misguidance or fraud without regulatory oversight.
No Transparency: Such players need not follow ethical codes or display fee structures transparently. Investors may suffer hidden charges diluting returns.
Substandard Knowledge: Informal agents may lack the expertise or depth of knowledge needed to craft suitable financial plans catering to investor risk appetites.
Biased Advice: Non-registered entities often earn commissions by promoting certain instruments. Their advice champions specific products rather than the investor’s interest.
Conclusion
Given dynamic, often volatile market conditions, retail investors in India need reliable advisors to meet their financial goals without taking excessive risks. SEBI-registered investment advisors serve as guides investors can depend upon for unbiased, high-quality advice. SEBI safeguards investor interests by mandating rigorous eligibility criteria, transparency, ethical conduct, and regulatory discipline.
When it comes to transferring money electronically, two popular options often come up: ACH (Automated Clearing House) transfers and wire transfers. While both serve the purpose of moving funds between bank accounts, they have distinct differences in terms of speed, cost, security, and use cases.
So, which option should you select? Regardless of whether you’re settling a bill, transferring funds to a friend, or conducting a significant business deal, grasping these two payment options will assist you in making the correct choice. In this article, we will explore the main distinctions between ACH and wire transfers, assisting you in selecting the optimal choice for your financial transactions.
ACH vs. Wire Transfers
Several important factors are involved in ACH transfer versus wire transfer. These factors encompass speed, expense, safety, and the capacity to undo transactions. Let’s understand this in detail.
Availability
ACH payments can only be used for domestic transactions inside the United States, as the Automated Clearing House network links U.S. financial institutions. In contrast, wire transfers can be conducted both within the country and internationally, making them a more flexible choice for cross-border transactions. Wire transfers allow you to send funds to more than 200 nations in 130 different currencies, offering a worldwide scope for your financial dealings.
Cost
A major distinction between ACH and wire transfers is the expense involved. ACH payments tend to be cheaper than wire transfers, with numerous banks providing ACH services at little or no cost to the sender. Recipients usually do not face any charges for receiving ACH payments. Conversely, wire transfers have elevated fees, typically ranging from £25-£30 for outgoing domestic transfers and £45-£50 for international ones. Certain banks might impose a fee of £15 or higher for receiving wire transfers.
Speed
In terms of speed, wire transfers clearly outperform ACH payments. Domestic wire transfers can typically be finalized in 24 hours, with recipients frequently receiving the funds within a few hours. International wire transfers typically require one to two business days for processing. Conversely, regular ACH transfers may require three to five business days to process through the Automated Clearing House network. Although same-day ACH payments are increasingly popular, they could come with an extra charge.
Security
Both ACH payments and wire transfers are regarded as secure ways to transfer funds electronically. Wire transfers are safe transactions that do not require the sharing of personal information with the payment. The main danger linked to wire transfers is fraud, as a con artist deceives a person into sending money to them. Conversely, ACH payments are processed by a clearing house that confirms the bank account details of both the sender and the receiver. ACH payments provide greater consumer protection in instances of fraud or mistakes, permitting disputes and reversals within 60 days following the initial transaction.
Reversal
One more significant distinction between ACH deposits and wire transfers is the potential to reverse transactions. Wire transfers are tough to retract since the money is accessible to the recipient nearly right away. After a wire transfer is finalized, the sole method to try to recover the funds is to ask the recipient to send it back willingly. In comparison, ACH payments may be undone if the payer committed a mistake or if the payment was deceitful. This extra level of security makes ACH payments a more secure choice for transactions where disagreements could occur.
Limit of Transfer
When evaluating ACH transfers in relation to wire transfers, it’s crucial to take into account the transfer limitations set by banks and the ACH network. Wire transfers generally do not impose limits on the sum of money that can be sent, though specific banks may establish their own guidelines. Conversely, ACH transfers must adhere to restrictions established by the National Automated Clearing House Association (NACHA). As of 2023, the maximum limit per transaction for same-day ACH transfers is £100,000. For typical ACH transfers, the transaction limit is usually about £25,000, with a daily cap of up to £100,000, although these limits can differ by bank.
Use
ACH transfers are primarily used within the U.S., although some international options exist. Wire transfers work globally, making them ideal for international transactions.
ACH payments are electronic funds transfers that are carried out via the Automated Clearing House network, which links banks across the United States. This network enables the transfer of money between bank accounts without requiring paper checks, credit card systems, or cash. ACH transactions are handled in groups, generally multiple times daily, and are applicable for both direct deposits and direct payments.
ACH Payments Examples
Common examples of ACH payments include –
Payroll deposits
Government benefit payments
Tax refunds
Utility bill payments
Mortgage and loan payments
Insurance premium payments
ACH Transfers are processed exclusively on business days and may take a few days to clear based on the transaction type and the banks that are involved.
Understanding Wire transfers
Wire transfers are immediate electronic money transfers between different bank accounts. They are among the quickest methods for transferring money since the funds are sent one by one instead of in groups like ACH payments. Wire transfers are started by the sender’s bank, which connects with the recipient’s bank to finalize the transaction.
Wire transfers can be executed both locally and globally, making them a favored option for urgent or high-value transactions.
Wire Transfer Examples
For instance, a resident of the UK sending £50,000 to a relative in Australia for healthcare costs or an Indian purchaser moving ₹1 crore to buy a property in London. Nonetheless, they typically cost more than ACH payments because of the individual processing and the quick access to the funds for the recipient.
Pros and Cons of ACH Transfers
Pros:
✔ Cost-effective or free
✔ Safe with fraud protection
✔ Convenient for recurring payments
Cons:
✖ Slower processing times
✖ Limited international use
✖ Daily transfer limits
Pros and Cons of Wire Transfers
Pros:
✔ Fast and efficient
✔ No daily transfer limits
✔ Works internationally
Cons:
✖ Higher fees
✖ Irreversible transactions
✖ Higher fraud risk if not careful
Conclusion
Both ACH and wire transfers have their place in modern banking. ACH is great for routine, cost-effective transactions, while wire transfers shine in speed and global reach. Understanding the differences helps you make smarter financial decisions based on your needs.
FAQs
1. Can I reverse a wire transfer?
No, wire transfers are typically final and cannot be reversed.
2. Are ACH transfers always free?
Most ACH transfers are free, but some banks may charge small fees for certain transactions.
3. How long does an ACH transfer take?
ACH transfers generally take 1-3 business days.
4. Is ACH safer than a wire transfer?
ACH transfers have better fraud protection since they can often be reversed if unauthorized.
5. Can I send an ACH transfer internationally?
ACH transfers are mainly for domestic use, though some international options exist.
6. Why are wire transfers expensive?
Wire transfers involve direct bank-to-bank communication, requiring manual processing and additional security measures.
7. Is it possible to cancel an ACH transfer?
Yes, but only if the transaction has not been processed yet.
8. Do wire transfers work on weekends?
Most wire transfers are processed only on business days, though some exceptions exist.
9. Which method is better for businesses?
ACH is generally better for routine payments, while wire transfers are best for urgent, high-value transactions.
10. Can I send a wire transfer from my mobile banking app?
Many banks allow wire transfers through mobile apps, but it depends on the bank’s policies.
