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15 Best Work From Home Jobs

Shitanshu Kapadia
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2
15 Best Work From Home Jobs

Work from home jobs is among one of the promising career options. Work from home jobs offers multiple benefits like – you can do your job wherever and whenever you want, you have the flexibility of working hours, you can spend more time with your family etc.

Looking at the benefits of work from home jobs, you must be excited to start your work from home job. To help you to find the best work from job I have prepared 15 Best Legitimate and real work from jobs ideas.

These work from home jobs ideas are suitable for everyone who wants to earn a decent income including students and housewives.

You just need good Wi-Fi internet connectivity and Laptop to get started with online work from home job. So, let’s begin.

work from home jobs

Also Read – Best Micro Jobs Websites to make money online in 2020

15 Best Work From Home Jobs

A list of best work from home jobs are given below.

Ad reading jobs from home

One of the simplest work-from-home job is Ad reading jobs. In this job, you will be paid for viewing an advertisement. The amount paid for viewing advertisement varies from website to websites. These types of sites are known as PTC sites (Pay to Click Site).  The websites that offer ad viewing jobs are plenty. I use Ysense to make money by using Ad-reading jobs. You can earn on an average $50-$100 per month using Ad reading jobs.

Online Survey Jobs from home

If you love to give your opinion about products survey jobs are for you. In survey jobs, you need to complete small surveys along with your feedback. You will be paid $1 to $5 for a single survey. You need to spend daily 5 to 30 minutes to earn a decent monthly income. You can use Swagbucks to earn money from the survey.

Virtual Assistant

Next work from home job is a virtual assistant job. In this job, you will be acting as a virtual assistant to the client. Your daily task will include job such as typing e-mails, doing data entry, making travel arrangements, organizing calendar, meetings etc. You will be paid on the hourly basis. You can get virtual assistant jobs on the job portals freelancer and indeed.

Online Data Entry Operator

Online Data Entry job is prototype job where you just need to do fix set of data entry work. For most of the people, data entry job is a boring job. You can only get the comfort of work from home in this job. The earning in this job is limited based on time spent by you on completion of a job.

Captcha Work

Captcha Work is next work from home idea. It is an interesting work in which you need to solve the captcha and you will be paid money for solving each captcha. Your speed in solving captcha will determine your income level in this job.

You can use a website such as CaptchaTypers and MegaTypers website for earning money by solving the captcha.

Online Tutor

Online teaching is another lucrative online career option. If you have a knowledge and you are good at teaching you can start this job. There are many websites which offer a job as an online teacher. CueMath is one of them where you can earn up to Rs.40000 per month.

Web Developer

Another work from home job is a web developer. To become a web developer, you need to have programming skill and technical knowledge. You may opt for a Web Developer Course, which will help you to become a web developer. You can get a project online on freelancer websites. Alternatively, you can also promote your business by creating own website.

Travel Agent

Travel Agent is very good work from home job. As a travel agent, you need to associate yourself with an online portal such as Yatra, Make My Trip etc. You will be paid commission on per ticket booking. Apart from that, you can also think of starting your own home-based travel agency.

Also Read – 40 Online Business Ideas with low cost

Technical Support Specialist

There are many call centers that hire call based technical support specialist who can solve their problem remotely. If you have IT background or technical and analytical ability to solve the problem remotely you can become technical support specialist. You need to find out call center or companies looking for your services.

Translator

A person knowing multiple languages can opt for the job of translator. As a translator your job is to translate document from one language to another language. Additionally you are also responsible for checking and proof reading document. You can find translator job from online portal Up Work. Translator can earn $50 – $150 per month.

Social Media Influencer

Social Media Influencer is upcoming career option. As a social media influencer you need to create interesting content that engage audience and increase fan followers. If you have management and marketing skill along with technical skill you can become social media influencer. You may need to undergo proper training before starting.

Website or Code Tester

A person with technical background or IT knowledge can become website or code tester. Your task would be doing application code testing or website testing. You can get website or code tester job online from job portal. This job can earn you money in the range of $100 – $500 per month.

Call Centre Representative

Call centre representative is next work from home job. In this job, you will be acting as customer support person. Your task would be providing company and product specific information. In some cases you will be also responsible for solving customer problems.

Freelance Writer

The freelance writer is next work from home job. This idea can help you to earn $500 per month. Elance, Freelancer, and Copyblogger are websites that can offer you online writing jobs. You can even tie up with bloggers who are looking for web content writing services.

Blogging

Blogging is a popular way to earn money online. Blogging requires a lot of patience, knowledge and time. In blogging, you need to create a blog, publish articles on relevant topics and increase organic traffic. You will be paid for the advertisement placed on your blog. You can earn more than $1000 per month via this idea.

I hope work from home jobs given above will help you in earning decent income.

The list given above is made after doing extensive research, if you feel that this list can be expanded by adding more work from home jobs feel free to add it in the comment section.

How NRI can get benefits of DTAA agreement?

Shitanshu Kapadia
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0
How NRI can get benefits of DTAA agreement?

DTAA

DTAA is Double Tax Avoidance Agreement. DTAA is an agreement between two countries to avoid double taxation. It is globally known as a tax treaty.

The term DTAA is a popular term known to most of the NRI’s. Most of the NRI has dual income, they earn in a foreign country as well as in India. In such cases, it is possible that income earned in one country would attract tax in another country also. This is called double taxation. E.g If you are moving abroad by keeping your income source in India. Such as fixed deposit, saving bank account etc. Taxes are applicable to these sources in India as well as the country of your residence. This is called double taxation. To avoid double taxation and to make the country attractive destination a concept of double tax avoidance agreement is developed.

DTAA does not eliminate the amount of tax payable as a whole. It enables NRI to reduce the tax burden.  In simple terms whenever NRIs earn an income in India, instead of normal TDS, tax rate decided under tax treaty DTAA is applicable.

It helps NRI to reduce the tax burden. The tax rate applicable to this type of income would be taxed at the prescribed rate under the act. India has established DDTA with 80 foreign countries across the world.

Also Read – Income Tax for NRI in India

Benefits of DTAA

There are multiple benefits of DTAA. Few sure shot benefits are given below.

  • Lower Tax burden for NRI
  • Minimize the opportunity of tax evasion
  • Double taxes will be avoided on the same income
  • Tax exemption

Income Types under DTAA

The income types covered under double tax avoidance agreement are given below.

  • Any income arising from capital gain on transfer of assets in India.
  • Income from House property located in India.
  • Salary Income received in India.
  • Interest income earned in India from saving account, fixed deposit etc.
  • Royalty income earned in India.
  • Income from the service provider in India.

NRI can avoid paying double taxation on above income

Also Read  –RNOR Status NRI can save Tax up to 3 Years

How NRI can get benefits of DTAA agreement of Taxation?

In order to claim DTAA, NRI requires to provision Tax Residency Certificate (TRC). NRI will have to produce a Tax Residency Certificate from the country of residence. A foreign national claiming a relief under DTAA is required to make an application in the home country to its tax authorities or to other designated authorities to obtain TRC.

Which methods NRI can use to avail DTAA benefits?

Following methods can be used by NRI to claim DTAA benefits.

Tax Credit

Tax Credit method is used to claim benefit in the country of residence. In this method, a taxpayer needs to add all income from foreign sources into total taxable from the resident country and calculate applicable income tax. Based on the law applicable in that country a person can claim the tax credit.

Tax Exemption

This method is claiming relief in any one country. In this method, a taxpayer is allowed to claim his income from foreign sources under tax exemption. It is a method to eliminate the complete scenario of double taxation.

Deduction

The third method is the deduction method in which the taxpayer pays the tax in the country where income is earned and get subtracted from the global income in the country of residence. The tax is calculated on the difference and paid in the country. This method does not eliminate double taxation completely, that’s why it is less popular method.

List of countries with whom India has singed DTAA are –

  1. Armenia
  2. Australia
  3. Austria
  4. Bangladesh
  5. Belarus
  6. Belgium
  7. Botswana
  8. Brazil
  9. Bulgaria
  10. Canada
  11. China
  12. Cyprus
  13. Czech Republic
  14. Denmark
  15. Egypt
  16. Estonia
  17. Ethiopia
  18. Finland
  19. France
  20. Georgia
  21. Germany
  22. Greece
  23. Hashemite kingdom of Jordan
  24. Hungary
  25. Iceland
  26. Indonesia
  27. Ireland
  28. Israel
  29. Italy
  30. Japan
  31. Kazakastan
  32. Kenya
  33. Korea
  34. Kuwait
  35. Kyrgyz Republic
  36. Libya
  37. Lithuania
  38. Luxembourg
  39. Malaysia
  40. Malta
  41. Mauritius
  42. Mongolia
  43. Montenegro
  44. Morocco
  45. Mozambique
  46. Myanmar
  47. Namibia
  48. Nepal
  49. Netherlands
  50. New Zealand
  51. Norway
  52. Oman
  53. Philippines
  54. Poland
  55. Portuguese Republic
  56. Qatar
  57. Romania
  58. Russia
  59. Saudi Arabia
  60. Serbia
  61. Singapore
  62. Slovenia
  63. South Africa
  64. Spain
  65. Sri Lanka
  66. Sudan
  67. Sweden
  68. Swiss Confederation
  69. Syrian Arab Republic
  70. Tajikistan
  71. Tanzania
  72. Thailand
  73. Trinidad and Tobago
  74. Turkey
  75. Turkemistan
  76. UAE
  77. UAR (Egypt)
  78. UGANDA
  79. UK
  80. Ukraine
  81. United Mexican States
  82. USA
  83. Uzbekistan
  84. Vietnam
  85. Zambia

It is interesting to note that in some countries there are Free zones (Tax Free Zone) where no tax is applicable on the income. That’s why they are called as Tax Heavens. NRI can easily form your company in countries like Dubai and enjoy zero tax benefits.

Conclusion

From the above discussion, it can be said that DTAA is very good tax planning tool for NRI. They can avoid multiple taxes and lower the tax burden.

Note – DTAA tax rate are different for different countries. It is recommended to contact experts in this subject to claim benefits under double tax avoidance agreement.

15 Businesses Ideas in India starting from 1 Lakh

Shitanshu Kapadia
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0
15 Businesses Ideas in India starting from 1 Lakh

Leaving a 9 to 5 Job and starting own business is a trend today. The world of business has expanded in leaps and bounds. Young and dynamic individuals including student and housewife are interested in starting own business. However, arranging fund for starting a business is considered as one of the biggest hurdles by aspiring businessmen.

If you are one of them lack of fund should not deter you from pursuing your entrepreneurship dream. You can plan to start a business that can be started with low investment. There are businesses ideas that can be started even with a capital investment of 1 Lakh.

Individuals who are planning to start own business must go through the list of 15 Business Ideas that can be started with an investment of Rs 1 Lakh.

business ideas 1 lakh

15 Businesses Ideas starting from 1 Lakh

Food-Based Businesses Ideas

Food Truck

A food truck is one of the most profitable business ideas that can be started with an investment amount of Rs.1 Lakh. To start a food truck, you need to take FSSI and other government approvals. Other expenses for starting a food truck is buying a raw material and commercial vehicle. You will also need manpower as a helping hand. You can also think of renting four-wheeler instead of buying it.

Your profit from food truck business depends upon the area which you select for placing your food truck.

Food Catering Business

Food Catering is another lucrative business idea that can be started with an initial investment of 1 Lakh. In this business, you need to take a contract for food catering at various events such as marriage, birthday party, anniversaries etc.

You will need a competent team with good knowledge of management. You will also need kitchen items required for cooking food.  A success of this business depends on the quality of food and customer service.

Also Read – 40 Small Town Business Ideas with low Investments

Milk & Vegetable Distribution Business

Milk and food industry in India is growing multifold. If you have expertise in managing logistics you can start your own Milk and Vegetable distribution business.

You need to take permission from the local municipal authority to start this business. You will need a good delivery vehicle and cooling unit for milk delivery at a longer distance. To increase the profit margin, you need to tie up with a milk processing company and vegetable supplier directly. Another task associated with this business is finding buyers. At an initial stage, you need to work hard to establish a logistic chain.

Service-Based Businesses Ideas

Computer Hardware Repair & AMC Services

Computer Hardware Repair & AMC Service is a lucrative business option. Most of the company across India opt for computer hardware AMC and repair services. If you have the expertise and manpower you can start this business. The investment required for this business is very low. However, you need to be very good at providing customer service and material delivery.

Real Estate Broker

Real Estate brokerage is a lucrative business option with low investment. If you are living in metro cities with good contacts, you can start this business easily.

As a real estate broker, you can earn commission money on buy, sell or rent. To get started you need small office space and office establishment permission from a local municipality. You can make use of the online portal to get information about property available on buy, sell and rent.

Tuition Class

Education is a field where we never see a recession. Thus, starting a tuition class at home or at small commercial place is an evergreen business idea. This business can be started with very low investment.

If you are knowledgeable and result oriented you can earn lot of money by running tuition class. At an initial stage, you need to spend some money on buying basic infrastructure such as blackboard, benches etc.

Courier Service

You can start own courier service business with low investment. The best place to start courier business is nearby office area. It is advisable to start courier service business by taking agency of big courier companies such as DTDC, First Flight, DHL etc.

Also Read – 200 Small Business Ideas in India with Low Investment

Small Product Businesses Ideas

Flower Shop

Starting a Flower Shop is another lucrative business option with low cost. You can start this business with an initial investment of Rs.50000. Flowers are used in India, not only for gift purpose at special occasions but it is also used for religious purposes.

The business model here is very simple, you need to procure all types of flowers from farmer or wholesale business owner at a lower price and sell it at a higher price to generate a decent profit margin.

Stationary Store

Opening a stationery store is a low investment business idea. Education or in a business requirement of stationery is everywhere. That’s why an ideal place to start stationery store is nearby school or nearby business area. You may need to take shop on rent to start this business. Apart from that, you will need shop establishment license and GST number. It generally takes 1-2 years to establish a stationary store.

Provision Store

Opening a provision or grocery store in the residential area is one of the very good small-scale business ideas. The requirement of skill in this business is very low. Anyone with the small amount of investment can open a provision store.

Seasonal Business

Another small-scale low investment business idea is a seasonal business. India is a country where festivals are celebrated with a lot of joy. You can start a seasonal business of kite, firecracker, rakhi, color etc.

Home Based Businesses Ideas

Chocolate Making

Chocolate Making is small scale home based business idea for women. You need raw material such as mold, chocolate cream and packing material to start chocolate making business. At the initial stage, you need to spend money on marketing and advertisement.

Beauty Parlour

Another home based business idea for women is beauty parlour. A housewife can start this business from home. It is advisable to do a proper course before starting this business. The investment required for this business is very low.

Marriage Bureau

Marriage Bureau is another home based low investment business idea for women. A soft-spoken women with good social circle can get good success in marriage bureau business. You need a database of prospective candidates for starting this business.

Online Businesses Ideas

Blogging

Last business idea on the list is blogging. Blogging is one of my favorite business ideas. The investment required for starting blogging is very low. However, you need to be very good in expressing yourself in the word. Apart from that technical knowledge for managing blog is mandatory. You can earn money via placement of an advertisement on the blog.

Over to you –

I hope you have got a good understanding of 15 Businesses Ideas in India that can be started with 1 Lakh. So, what are you waiting for? Surpass the barrier of money and start moving towards your passion and dreams.

Remember – If you don’t build your dreams, someone will hire you to build theirs.

All the Best!

Personal Finance Analysis using Power BI – Budget Vs Actual

Shitanshu Kapadia
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0
Personal Finance Analysis using Power BI – Budget Vs Actual

How do you track your monthly expense? Well, most of the people don’t track monthly expense. Few do that by using diary, using Microsoft Excel or by using smartphone apps. Whatever be the case, one thing is sure that tracking your expense is one of the key factors in making your budget work for you. If you don’t know how much you have spent every month, you cannot control your expense and you will end up spending more.

In short, it is essential to track your monthly expense to gain control over it. There are multiple ways to track monthly expense. In this post, I will share a simple method to track your monthly and yearly expense using Power BI.

What is Power BI?

Power BI is a powerful visualization and analytics tool by Microsoft. This tool is freely downloaded from Microsoft Site. We have already discussed Power BI features and benefits in our previous post. Apart from that, we have also seen How to use Power BI for Stock Market Analysis and Mutual Fund Portfolio Analysis using Power BI. In this post, we will see how to track monthly expense using Power BI.

Personal Finance Analysis using Power BI – Budget Vs Actual

The first step towards making own Monthly Expense tracker is creating a source file. In the example given below, we will be using Microsoft Excel as an input file. The file which will be using contains column namely date, description, debit, credit, category and budget. You can also bank account statement available in excel format as an input.

Once you have the required data in excel you need to press the “Get Data” button and provide Excel file which you are using as a data source to Power BI.

Once data is imported, you can start making a dashboard. In the example given below, I have used visualization of Expense Category Analysis, Budget Vs Actual, Total Credit and Debit amount & Latest and oldest expense date. I have also given a filter for month wise expense analysis.

Make Expense Tracker Dashboard

To get Latest Expense date click on New Measure and find out max by writing following query.

  • Latest Expense Date = Max(‘Expense'[Date])

Once you find this detail click on Card visualization and you will be able to see the latest expense date. You can change format and change fonts as per your requirement.

Second is getting the oldest expense date. To get this click on New Measure and find out oldest expense by writing the following query.

  • Oldest Expense Date = Min(‘Expense'[Date])

After getting Oldest Expense Date to create visualization and change font and format as per your requirement.

To create Expense Category Analysis, select a debit amount, category and go for Pie Chart as visualization. You will be able to see all the expenses category wise. If you want to get Budget v/s Actual data you need to select a date, debit amount and budget and apply Clustered-column-chart.

monthly expense tracker

You can also do month wise analysis by applying month wise filter.

Drill Through and Analysis Facility

You can drill through visualization by doing right click and clicking on “See Records” you will be able to see all records associated with visualization.

You can also get an analysis facility in Power BI. You just need to right click and select “Analyse”. It will show option such as Explain the Increase and find where distribution is different.

personal finance

Benefits of Power BI Expense Dashboard

  • Detail Analytical View of Expenses
  • Deep-dive by going through details
  • Inbuilt Analysis Facility
  • Easy Decision making

I hope you liked the method shown above to do Personal Finance Analysis using Power BI. Do share your views in the comment section.

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